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.
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)
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.
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 figures above should only be regarded as reference. ILimits DMCC is ready to create custom-tailored Trading account solutions for every client. If the deposit currency is not USD, the amount indicated should be converted to the deposit currency.
You may be new to trading, so a demo account is the ideal choice to test your trading potential. It allows you to trade with virtual money, without exposing you to any risk, as your gains and losses are simulated. Once you have tested your trading strategies, learned about market moves and how to place orders, you can take the next step to open a trading account with real money.
ILimits DMCC offers a wide range of Partnership programs for individuals and companies, financial institutions and money managers. We will be pleased to work with you to design a program most suitable and attractive for you and your clients.
Introducers are compensated on their clients’ total traded volumes – irrespective of performance – and benefit from a dynamic commission scheme that delivers some of the most competitive compensation rates in the market. Commission volumes and reports can be viewed online, at any time.
Request a call back and one of our representatives will contact you to complete a business due diligence questionnaire and present you with the compensation plan.