Account Opening FAQ

1. How can I open a trading account at RoboMarkets?

   Account opening at RoboMarkets takes just a few minutes:

   1. Fill in the Members Area registration form.
   2. After successful registration, you will be redirected to the form for opening your first trading account. If it didn’t happen, go to "Trading Account" page.
   3. Specify all necessary parameters in the account opening form.
   4. Confirm your choice.

   Useful information:

   • Types of RoboMarkets trading accounts and their parameters can be found on "Trading accounts" page.
   • Detailed description of the registration procedure can be found on "How to open an account" page.

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2. Can I open an account at RoboMarkets for a legal entity?

   Yes, you can. To do this, you have to:

   1. Open a new Members Area using personal information of the person who will manage the account during the registration.
   2. Send copies of all required documents to [email protected]

   The list of required documents:

   • Certificate of Incorporation.
   • Certificate of Registered Address.
   • Certificate of Directors and Secretary.
   • Memorandum and Articles of Association.
   • Resolution of Board of Directors for the opening of the account and granting authority to those who will operate it.
   • Certificate of Shareholders.
   • Recent Certificate of Good Standing – issued by Registrar.
   • Copy of Trust Deed/Agreement (where applicable).
   • Scan copy of the auditor report for the last financial year or equivalent documents confirming source of funds.
   • Legal entity identifier (please, register and receive it here):
     • Directors.
     • Shareholders.
     • Ultimate beneficiaries.
     • Signatories.

   The list of the documents to be filled in by any individual, who is a part of legal entity:

   • FATCA Compliance Questionnaire for Natural Persons.
   • "W-8IMY" form.

   Document templates:

   • Corporate Client Identification Form
   • Corporate Trading Account Application Form
   • Documents Required From Legal Entities
   • FATCA Compliance Questionnaire for Natural Persons
   • W-8IMY

   Additional information and requirements:

   1. Members Area can not acquire "Corporate account" status if it is registered to an individual, who earlier deposited funds to the account attached to this Members Area.
   2. In the case the principal shareholder of the legal entity that opens a new account is another legal entity, the Company need to verify the ownership structure and the identity of the individuals who are the beneficial owners and/or control the other legal entity on basis of above stated documents.
   3. Along with originals, all documents have to be provided with translation into English, signed and stamped by notary.
   4. Admissible file extensions are bmp, gif, jpg, jpeg, pdf, png.
   5. The total size of the documents sent is one letter can’t be more than 10 MB. If the total size exceeds the above-mentioned limit, please send the files in several separate letters.

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3. Why do I need a demo account?

   Demo accounts were created both for beginners with little knowledge and more experienced traders.

   1. Clients with little knowledge use them to learn basics of trading, because using demo accounts involves no risks of losing your own money (virtual money is used).
   2. Other traders may use demo accounts to test their new trading strategy and EA, or the conditions provided by the broker.

   After training or testing on a Demo account, you can start trading on a real account, but only if you are aware of all risks involved in operations on financial markets.

   When switching to a real account, choose it in accordance with the demo account type you used earlier. Trading conditions on RoboMarkets demo and real trading accounts correspond in the following way:

   • Demo (MT4) - Prime
   • Demo (MT5) - ECN-Pro
   • DemoPro - Pro-Standard

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