Risk · AU · September 2026
Refuse the wholesale upsell: retail terms are allowed
If a chat agent, comparison site, or tipster pushes “go wholesale / professional for better leverage,” you can say no. Higher leverage removes cash friction and raises the speed of ruin. FxPro is not AFSL; Australians are commonly reported on an FCA UK path. Read classification docs in Direct before you sign away retail protections. September 2026.
75%+ of retail investor accounts lose money trading CFDs.
Script that ends the pitch
- “I stay on retail / default classification for now.”
- “Send the written differences in protections and leverage in PDF.”
- “I will not opt up based on a phone call alone.”
- If they cannot document it, walk away.
Account structure notes: account types. Margin reality: leverage. Entity honesty: legal Australia.
Do not mix ASIC wholesale language with FxPro labels
ASIC “wholesale client” is an Australian Corporations Act category used by AFSL firms. FxPro does not hold an AFSL. Elective professional / similar labels under an FCA entity are a different rulebook. Mixing the words is how people sign the wrong protections. Gap page: ASIC vs offshore.
What we will not sell you
- No “wholesale = safer.”
- No guaranteed profit from higher leverage.
- No invented eligibility income thresholds on this page. Confirm live criteria in Direct if offered.
FAQ
Do I have to accept a wholesale or professional upgrade?
No. Stay on retail terms if that fits you. Higher leverage is not free edge.
Why do desks pitch wholesale?
Classification can change leverage caps and some protections under the entity's rulebook. Read the PDFs. Confirm in Direct.
Is FxPro ASIC wholesale somehow?
FxPro is not AFSL. Do not confuse ASIC wholesale categories with FxPro marketing labels. See legal Australia.
Where do I compare account types and leverage?
Account types and leverage. Live schedules in Direct win.