I was given a professional status with very little margin requirements. I had never worked with banks or hedge funds as a professional trader but ticked professional because the person who contacted me made it easy because of reduced commissions on high turnover. I don't know even today how to hedge my bets but IG were internally hedging against me. Their professional traders were making money out of my losses and incompetence. I lost 585k in 4 months. Do not accept a professional status if you have not worked as trader in banks or hedge funds financial institutions. Do your own research.