Trader: I wanted more information on the worked in the financial sector bit as to what qualifies as experience?
I work as a management accountant and have done for the last 6 years or so but my experience does not seem to qualify
GBG: Having spoken to a couple of brokers it’s done on a case by case basis.
The broker would require you to have a significant amount of professional exposure to derivatives and the risks of margin trading.
So there is no set criteria for this as it will differ slightly between brokers – some will be more flexible than others.
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Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.