European Brokerage · glossary
A client the law expects to look after itself, so it gets less protection. A Thalvia client must first pass two of three tests: frequent large trades, a portfolio over €500,000, or a year in finance. A written request, a written warning, a separate statement and Thalvia’s judgement follow. Clause 4.2 · Chapter 3 · see Retail client
Explained in Chapter 3, Client Categories: Retail by Default, Professional on Request, of European Brokerage.
MiFID II, the EU law on investment services, sorts clients into categories. A retail client is an ordinary person investing their own money, and gets the most protection. A professional client, such as a bank, is expected to look after itself, so it gets less.Read Chapter 3, Client Categories: Retail by Default, Professional on Request →
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