Direct FX Trading Pty Ltd (We, us, or our) would to thank you for your interest in Direct FX Trading Pty Ltd ( Direct FX )

Transcription

1 DIRECT FX Trading Pty Ltd Level Hunter Street Sydney, NSW 2000, Australia Phone: Fax: Direct FX Trading Pty Ltd (We, us, or our) would to thank you for your interest in Direct FX Trading Pty Ltd ( Direct FX ) Account Forms can be retrieved from our website at Risk Warning Risk Warning: Trading Margin Foreign Exchange and Over-The-Counter ("OTC") Derivatives (including Contracts for Difference ("CFDs") carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Margin Foreign Exchange and OTC Derivatives (including CFDs) may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Financial Services Guide ("FSG") and Product Disclosure Statements ("PDS") for these products are available to download from Direct FX Trading Pty Ltd ( Direct FX ) at The FSG and PDS should be considered before deciding to enter into any Derivative or Foreign Exchange transactions with Direct FX. Residents of the United States cannot currently open accounts with Direct FX. Any promotional material, offers or advertisements from Direct FX are not intended for and do not apply to United States residents. Page 1 of 9

2 Thank you for choosing DirectFX Trading PTY LTD. To make it easy and convenient to open your account, we ve included all the necessary forms in this application packet. The instructions to complete your account approval process are: Step 1: COMPLETE APPLICATION Review Customer Agreement and cover page for required Account Type sections (Individual, Joint, etc.) For Individual Accounts, Please complete sections I, II, IV For Business Accounts, please complete sections I, II, IV, For Corporate Accounts, please complete sections I, II, IV, V For Partnership Accounts, please complete sections I, II, IV, V For Trust Accounts, please complete sections I, II, IV, & Trust Certificate & Authorization Form Step 2: SUBMIT IDENTIFICATION Fax Application & Documentation to or scan and to newaccounts@directfx.com Please submit 2 forms of ID: 1 Government issued photo ID such as a driver's license or passport 1 Proof of residence, such as a current utility bill or bank statement Joint Accounts 1 forms of ID per account holder and a copy of a current Joint bank account statement* *Required for withdrawal Business/Corporation/ Partnership Accounts 2 forms of ID per authorized user, registration documents, Articles of Incorporation (if applicable) Step 3: FUND YOUR ACCOUNT Important: In order to activate your account for trading it will also be necessary for you to fund your account. You can do so via bank wire or credit cards. We do not accept cash deposits. Note: Regardless of the funding method you choose, the originator of the funds must always match the name listed as the Customer on the Account. For more funding options visit: WIRE FUNDS TO: Direct FX PTY LTD Commonwealth Bank of Australia Swift Code: CTB AAU 2S BSB: USD account number: USD Euro account number: EUR GBP account number: EUR Page 2 of 9

3 Step 4: APPLICATION STATUS Live account applications require up to 2-3 business days for processing. Please continue to monitor your primary for notices regarding your application. Once your account is created, funded, and required documentation (if applicable) is received, you will receive an message containing your User Name and Password. 1. ACCOUNT APPLICATION SECTION I Individual Account Account Type: (Please check only one) Joint Account Corporate Account (Name) Trust Account (Name) Introducing Broker (If Any): Broker Name: Primary Broker Address: Account Type (Please check only one) MetaTrader Platform Liquidity Direct Platform Address: 2. PERSONAL INFORMATION (PRIMARY ACCOUNT HOLDER, or BUSINESS OWNER) Required Full Name: Date of Birth (MM/DD/YY): Gender: Male Female Marital Status: Yes No Country of Citizenship: Passport #, Drivers license #, Other: Home Address (P.O. Boxes are not accepted): City: State: ZIP/Postal Code: Country: Home Telephone: Mobile Phone: Fax: Page 3 of 9

4 Experience in business, trading or investing: Novice Experienced Very Experienced Are you a member of a terrorist organization? Yes No Are you a Politically Exposed Person? Yes No Are you related to a Politically Exposed Person? Yes No Have you been subject to bankruptcy proceedings in the last seven years? Yes No Have you ever been refused credit of financing? Yes No Do you have a criminal record? Yes No Employment Status Employed Self-employed Unemployed Retired Student Management role: Legal Name: METATRADER All new MetaTrader accounts are created with a default lot size of 100,000 units (Standard account) and a default leverage of 100:1 *Leverage on MetaTrader may be customized via the Flexi change form lot size may be customized upon placing an order. SECTION II 3. BUSINESS ACCOUNT Account Type: Corporate Account Partnership Limited Liability Company Name of Business: Type of Business: Street Address: Apartment/Suite: City: State/Region: ZIP/Postal Code: Country: Business Address: State/Country of Incorporation: Page 4 of 9

5 SECTION III (FOR AUSTRATION RESIDENTS ONLY) Before we trade with you, we need to establish whether you are a retail investor or a wholesale investor. If you are a resident of Australia and a retail investor, you must read our Combined Financial Services Guide (FSG) and Product Disclosure Statement (PDS) for Direct FX which discloses the risks associated with Contracts for Difference and FX Contracts (Contracts) and amounts payable to us should you enter into Contracts. If you believe you are a wholesale investor, you need to establish this by satisfying any one of options 1, 2 or 3 below and indicating this in the Section I table. Option 1: You will trade the account in connection with a business that is not a small business (Note: a small business employs less than 20 people or less than 100 if it is a manufacturing business) Option 2: You will trade the Account other than in connection with a business; and (a) Have net assets of more than AUD 2.5 million (you will need to provide a copy of a qualified accountant s certificate to prove this); OR (b) Have a gross income of AUD 250,000 for each of the last 2 financial years (you will need to provide a copy of a qualified accountant s certificate to prove this). Option 3: You will trade the account other than in connection with a business and you are a professional investor because: (a) You are a financial services licensee (you will need to provide a copy of your license); OR (b) You are a person with at least AUD 10 million in assets (including any amount held by an associate or under a trust). If you are NOT an Australian resident, you do not need to declare yourself to be a retail or wholesale investor. I am an Australian Resident If you reside in Australia, please declare that you are an Australian resident, and declare yourself as either a retail or a wholesale investor. Retain Investor Services License Certificate of Australian Financial Services Page 5 of 9

6 Suitability Test Direct FX Trading meets benchmark 1 set by ASIC Regulation Guideline 227 and thus we require you to complete the following qualification disclosure. *You must get a score of 60% or higher to pass this test 1. What is Forex? An acronym for Foreign Exchange, the exchange of currencies on a centralised exchange An aconnym for Foreign Exchange, the exchange of currenecies between market participants but not traded on a centralised exchange (Forex is traded "Over The Coutner", or OTC). 2. In general if an interest rate increases the associated currency Increases Decreases 3. What is the Spread? The difference between the Bid and Ask line The price you buy at The price you sell at 4. What is a pending order? Buy Market Order at the current market price? Buy or sell at a price above or below the current market price Sell market order at the current market price? 5. The lot size is 100,000 (1 lot). The leverage is 100:1. EUR/USD is trading at / If you buy 1 lot of EUR/USD how much margin will you use in terms of USD? $ $ $ If you want to limit your risk exposure a diversified portfolio is best? True False 7. In the Currency pair GBP/JPY which currency is the base? GBP JPY Both Page 6 of 9

7 8. What does it mean to have gone long? You have exceeded your margin limits You have made a profit You have bought the base currency and expect it to go up You have closed your positions 9. If you buy an OTC FX pair of CFD it gives the traders a right or interest in the underlying asset of the CFD or currency pair True False 10. Your usable margin is $500. Your used margin in $1,000. When will you get a margin call? When the used margin reaches zero When usable margin reaches zero When my loss is $1, Which of the following processes are important to minimizing risk when trading forex? Knowing and understanding how the market currently opens Monitoring any positions you hold that are currently open Employing risk management tools to manage risk All of the above 12. Why would you use a Japanese Candlestick? As a Fundamental Indicator As a Technical Indicator To Quantify Monetary Policy When looking at Fiscal Policy Page 7 of 9

8 SECTION IV 4. ADDITIONAL AUTHORIZED INDIVIDUALS PERSONAL INFORMATION 1. Full Name: Position Title: Passport #, Driver s License #, Other: 2. Full Name: Position Title: Passport #, Driver s License #, Other: Has entity ever been registered with the Australian Securities Investment Commission ( ASIC ), or other similar regulatory body? If Yes, provide and identification numbers: Are any principals related to any person associated with or employed by Direct FX PTY LTD? If Yes, Who? Yes Yes No No What is the purpose of this trading account? (Speculation, hedging, etc.): What is the source of funds used in this trading account? Will any third party funds be added to this account? Yes No If Yes, Please Explain: Limited Power of Attorney: If any person other than the customer, control, manage, or direct the trading in this account, a limited Power of Attorney form must be submitted. (The Limited Power of Attorney form can be retrieved from out website at ) Page 8 of 9

9 SECTION V Signature Section: BY SIGNING BELOW, THE UNDERSIGNED REPRESENTS AND COVENANTS TO HAVE READ AND UNDERSTAND THIS DIRECT FX PTY LTD. CUSTOMER AGREEMENT, APPLICATION FORM, AND THE PRODUCT DISCLOSURE STATEMENT FOR THE CONTRACTS. DIRECT FX PTY LTD. IS SUBJECT TO THE REQUIREMENTS OF THE AUSTRALIA'S ANTI-MONEY LAUNDERING AND COUNTER TERRORISM FINANCING ACT 2006 (CTH) AND MAY AT ITS SOLE AND ABSOLUTE DISCRETION ASK FOR DOCUMENTS TO CONFIRM YOUR IDENTITY OR MAY USE A THIRD PARTY FOR VERIFICATION PURPOSES TO SATISFY ITS LEGAL OBLIGATIONS. FURTHER, THE UNDERSIGNED: AGREES ALL FEES AND CHARGES RECEIVED BY DIRECT FX PTY LTD AS DESCRIBED IN THE FSG (OTHER THAN THIRD PARTY FEES AND CHARGES) ARE A BENEFIT GIVEN TO DIRECT FX PTY LTD BY THE UNDERSIGNED, IN EXCHANGE FOR THE PRICE QUOTING AND TRANSACTIONAL SERVICES PROVIDED BY DIRECT FX PTY LTD. THE UNDERSIGNED UNDERSTANDS THAT DIRECT FX PTY LTD DOES NOT CHARGE VOLUME-BASED OR ASSET-BASED FEES FOR ANY ADVICE IT PROVIDES. THE UNDERSIGNED UNDERSTANDS, CONSENTS TO, AUTHORIZES AND DIRECTS DIRECT FX PTY LTD TO CHARGE THEM IN THIS WAY ATTESTS AND AGREES THAT ALL INFORMATION REQUESTED IN THIS APPLICATION IS COMPLETE AND ACCURATE, INCLUDING, BUT NOT LIMITED TO, THE CUSTOMER APPLICATION FORM; HEREBY AUTHORISES DIRECT FX PTY LTD. TO VERIFY ANY OR ALL OF THE FOREGOING INFORMATION PROVIDED IN THIS APPLICATION; AND ACKNOWLEDGES UNDERSTANDING THE FOREGOING TERMS OF THIS APPLICATION INCLUDING RISK OF LOSS, MARGIN POLICY AND INCURRING DEFICIT BALANCES AND AGREE TO BE BOUND THEREBY. Primary Customer Signature Joint Customer Signature (If Applicable) Print Primary Name Print Joint Name Date (MM/DD/YYYY) Date (MM/DD/YYYY) Beneficiary Designation: (If applicable) Name: Address: Relation: Notes: Page 9 of 9