Account Opening FAQ

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

   Your first trading account will be opened automatically when you resgiter a Members Area. If you want to open more accounts, it can be done in just several easy steps:

   1. After successful registration, you will be redirected to the form you need to complete for the opening of your first trading account. If this does not happen, you can find the form on the "Trading Account" page.
   2. Specify all necessary parameters in the account opening form.
   3. Confirm your choice.

   Useful information:

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

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

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

   1. Create a new Members Area space, in which you will include the details of the person who will manage the account during the registration.
   2. Send copies of all required documents to verification@robomarkets.com.

   List of required documents:

   • Certificate of Incorporation
   • Certificate of Registered Address
   • Certificate of Directors and Secretary
   • Memorandum and Articles of Association
   • Board of Directors Resolution 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 the Registrar of Companies
   • Copy of Trust Deed/Agreement (where applicable)
   • Scanned copy of the auditor report for the last financial year, or equivalent documents confirming the source of funds.
   • Legal entity identifier (please register and receive it here):
     • Directors
     • Shareholders
     • Ultimate beneficiaries
     • Signatories

   List of the documents to be filled in by any individual who is 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. A Members Area cannot acquire "Corporate account" status if it is registered to an individual who has 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 translated into English, signed and stamped by a notary.
   4. Admissible file extensions are bmp, gif, jpg, jpeg, pdf, png.
   5. The total size of the documents sent in one letter should not exceed 10 MB. If the total size exceeds the above-mentioned limit, please send the files in multiple separate letters.

   Page issue
3. Why do I need a demo account?

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

   1. Clients with little knowledge use them to learn the basics of trading, because using demo accounts involves no risk of loosing your funds (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 the operational risks involved for trading in the financial markets.

   When switching to a real account, select it according to the type of demo account you have used earlier. Below are the RoboMarkets demo and real trading accounts with corresponding conditions:

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

   Page issue

Ask

Our consultant will answer your question shortly.