Accounts

Account Types: 
Trading securities all depend on your account type but it all can be as simple as pressing the buy or sell button on an electronic trading account.

A sophisticated trader might choose a more complex trade by setting the limit price on a block trade that is divided over many brokers and traded over several days. The difference would be in the type of trader, whether individual or corporate, the level of sophistication, and the speed with which the transaction is required.


ILimits DMCC offers two types of accounts:


Individual or Joint Account:

An individual account is an account with one beneficiary and is designed for people who want to trade personal capital. A joint account is more commonly for married couples. It is an account with two equal interest owners where upon the death or the decision of incompetence of either owners, the account ownership automatically passes on to the survivor.


Institutional or Corporate Account:


An institutional or corporate account is held in the name of a company with a designated person or persons who can act and trade on behalf of the company. Institutional traders buy and sell securities for the accounts they manage for a group or a company.


Individual Account Requirements

Opening an individual account at ILimits DMCC can be done in a few simple steps. All you need to do is download and carefully read our ‘Client Agreement’, ‘Account Opening Form’ and the ‘Risk Disclosure Document’. Fill them out and sign.

To complete your file, the following documents are required:

  • Copy of valid ID (preferred passport copy)
  • 2 Passport size photos
  • Proof of address (such as an original Electricity/Water or landline bill not older than 3 months and in your name along with physical address)
  • One month bank statement (not more than 3 months old)

Corporate Account Requirements

Opening an institutional or corporate account at ILimits DMCC can be done in a few simple steps. All you need to do is download and carefully read our ‘Institutional Client Agreement’, ‘Client Profile’ and the ‘Risk Disclosure Document’. Fill them out and sign.


To complete your file, the following documents are required:

  • Passport copy of authorized signatory
  • Trade license of the company
  • List of authorized signatory on company’s letter head
  • Memorandum of association and article of association
  • Company bank statement
  • Latest audited financial statement
  • Electricity/Water or a landline Bill of authorized signatory
  • Proof of address for the company

The above documents should then be handed over to our representative in the office. We will also need the original filled up and signed form from the client. Once the documents are approved by the compliance department (usually within 1 working day), we will provide you with your online trading platform and account details and you will be able to watch live prices. Funding your account would be the only thing needed to start trading.


Below are the forms for your reference. You may also find all forms under the “FORM” section in our website.

In this digital age, companies or individuals normally look for the added value that the establishment offers which differentiates it from its competitors.


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