As a wholesale client (GLOBEX Pro) you will have access to higher leverage and other incentives not available to retail clients. However, you will lose some retail client protections such as negative balance protection and some AFCA protections may not apply to you. Risks and other important information are detailed in the Wholesale Client Disclosure Notice.
If you have any further questions regarding the Wholesale accounts, please contact us via online chat or email us at support@globexoer.cc.

There are two ways to qualify to become a GLOBEX Pro:

Option 1 – Wealth Threshold Application¹
An eligible client is someone who:

• has net assets of at least A$2.5million²;
• OR
• has a gross income for each of the last 2 financial years of A$250,000³.

If the prospective GLOBEX Pro client is to meet the Wealth Threshold Application requirements, then they must provide GLOBEX LTD with a certificate from a qualified accountant. The Certificate by a Qualified Accountant will be provided during the application process.

Options 2 – Sophisticated Investor Test⁴
An eligible client is someone who can satisfy the requirements of one of the below three channels:
Channel 1 – Knowledge Test & Trade History

• Demonstrate your product knowledge by completing our short, online Knowledge Quiz (90% pass mark); AND
• Traded at least 75 trades⁵ with a firm for Margin FX, CFDs over Indices, Commodities, Currencies, Metals and Shares over the previous 12 months, or
  Traded at least 50 significant trades⁶ with a firm for Margin FX, CFDs over Indices, Commodities, Currencies, Metals and Shares over the previous 12 months;

Channel 2 – Relevant Work Experience

• Work or have worked in the financial sector for at least one year in a professional position which requires knowledge of leveraged derivative trading (and provide evidence of such employment position);

Channel 3 – Relevant Formal Qualifications

• Possess formal qualifications relevant to the understanding of Margin FX, CFDs over indices, commodities, currencies, metals and shares. Post graduate qualifications are preferred (e.g. a course or major in Finance or Applied Finance).

If you believe you are eligible to become a GLOBEX Pro:

1. Log into the GLOBEX Client Portal.
2. Select “Become a GLOBEX Pro” from the Settings menu next to your account number (The “Gear” icon).
3. We will require that you provide evidence of your trading experience, relevant work experience, relevant qualifications, or proof of eligibility as certified by your chartered accountant.
4. GLOBEX will notify you if your account has been upgraded to GLOBEX Pro status.

WHOLESALE NOTICES
Please note, retail clients are afforded additional investor protections compared with wholesale clients.

• Retail leverage restrictions - ASIC’s proposed product intervention measures for CFDs will not apply to you; most significantly, the proposed leverage restrictions.
• External dispute resolution - AFCA has discretion to exclude complaints from wholesale clients.
• Disclosure documents - You will not receive a Product Disclosure Statement (PDS) or Financial Services Guide (FSG).
• Client Money - If you are a wholesale client, then we will continue to segregate your money and assets in the same way as before in accordance with the client money provisions of the Corporations Act 2001 (Cth).
• Negative Balance Protection - As a wholesale client you may be eligible for a single negative balance protection of up to AUD$10,000 of your total balance, which is the combined balance of all trading accounts after all open trades have been closed. GLOBEX reserves the right to not grant negative balance protection in cases where there is reasonable evidence, in our sole determination, of misconduct or trading abuse causing the negative balance to occur. Where this is the case, GLOBEX will provide reasons to you as to why negative balance protection has not been applied.
• Margin Close-out - GLOBEX will close out your position(s) if your equity falls below 50% of the required margin.

Leverage Settings
The leverage on your GLOBEX Pro account will be automatically adjusted based on your Account Equity. See below table for more specific information. GLOBEX will not be responsible if your Pro account’s positions are automatically closed out due do a change in the account’s leverage.

ACCOUNT EQUITY	ACCOUNT MAX LEVERAGE
Below $50,000	1:400
$50,001–$100,000	1:200
$100,001–$200,000	1:100
$200,001–$300,000	1:50
$300,001–$500,000	1:25
$500,001–$1,000,000	1:20
$1,000,001 or more	1:10

Margin Use
The leverage on your GLOBEX Pro account will be automatically adjusted based on your Used Margin. See below table for more specific information.GLOBEX will not be responsible if your Pro account’s positions are automatically closed out due do a change in the account’s leverage.

USED MARGIN	ACCOUNT MAX LEVERAGE
Below $50,000	1:400
$50,001–$200,000	1:100
$200,001 or more	1:50

Example:
Account Equity = $500,000
Used Margin = $100,000
Applicable Margin = 1:25

GLOBEX’s Discretion
Even if you meet wholesale client requirements, in some circumstances, we may still choose to not grant you wholesale status.