Account Opening Document Requirements
In accordance with the Australian Anti-Money Laundering and Counter Terrorism Financing Act 2006 we are required to verify your identity prior to opening a trading account.
We are required to collect a minimum of 100 points of ID. Each form of primary ID accounts for 70 points with each form of secondary ID accounting for 30 points. The total must be equal to or greater than 100 points.
Photo ID (primary) = 70 points per document
The following are acceptable forms of photo identification:
- A valid Passport
- A valid Government ID, such as a Driver's License or State ID
- A valid National Identity Card
Photo ID must show full name and date of birth. If your Photo ID is certified or notarized, add 30 points (100 points in total).
Proof of Residence (secondary) = 30 points per document
The following are acceptable forms of proof of residence:
- A Utility Bill (phone, gas, electricity)
- Bank or Credit Card Statement
- Government-Issued Tax Document
- Birth Certificate
- Certificate of Citizenship
All proof of residences must be current and not outdated by more than 90 days, show the full document, clearly display the name and address (no PO Boxes), and show a provision of services such as money owed or paid.
Total = 100 points
We must be able to understand the language shown on your Photo ID and Proof of Residence. We may require documents provided in languages other than English to be accompanied by an English translation.
Account Opening Procedures
Prior to opening an account, IC Markets shall document the identity, nature of business, income, source of assets if applicable, and investment objectives of each prospective customer.
While we welcome clients from all over the globe, governmental restrictions along with our company policies prohibit IC Markets from opening accounts originated from the following restricted and/or OFAC sanctioned countries:
|Cote d'Ivoire (Ivory Coast)
|Democratic Republic of Congo
||Former Liberian Regime of Charles Taylor
||Antigua and Barbuda