Account Types

Our clearing FCM’s will accept the following types of accounts:

Individual

U.S. Citizen or U.S. Resident Aliens
You will need:
•Thoroughly completed and properly signed account forms.
•If you are employed by a broker-dealer, futures commission merchant (FCM), bank or insurance company, a letter from your employer consenting to the account opening.
•A Personal Funds Letter is required from you stating that you are investing your own personal funds and that no funds from others will be deposited or solicited.
•A copy of your driver’s license, passport or other government-issued ID.

Foreign Citizen
You will need:
•Thoroughly completed and properly signed account forms.
•Copy of your passport or other government-issued ID.
•Signed copy of the Foreign Certification form.
•If you are employed by a broker/dealer, futures commission merchant (FCM), bank or insurance company, a letter from your employer consenting to the account opening.
•A Personal Funds Letter is required from you stating that you are investing your own personal funds and that no funds from other individuals will be deposited or solicited.
•If you are located in either a non-cooperating Financial Action Task Force (FATF) country or a country that is not a FATF cooperating country, a copy of a current bank statement or utility bill.
•Proof of residency or citizenship.
Trust

U.S. Trust
You will need:
•Thoroughly completed and properly signed account forms.
•Copy of the entire trust agreement that clearly identifies the trustees and clearly states their authority to open an account for the trading of futures and options. If no such authorization exists in the trust document, a properly signed amendment to the trust stating that the trustees have the authority to invest in futures and options and that such investment does not violate any other provision of the trust.
•A copy of the driver’s license, passport or other government-issued ID of all the trustees.
•Documentation confirming the legal status and purpose of the trust.

Foreign Trust
You will need:
•Thoroughly completed and properly signed account forms.
•Copy of the entire trust agreement that clearly identifies the trustees and clearly states their authority to open an account for the trading of futures and options. If no such authorization exists in the trust document, a properly signed amendment to the trust stating that the trustees have the authority to invest in futures and options and that such investment does not violate any other provision of the trust. All documents must be in English or be accompanied by a certified translation.
•Properly signed copy of the Foreign Certification form.
•Copies of passports or other government-issued IDs for all trustees.
•Documentation confirming the legal status and purpose of the trust.
Corporate

U.S. Corporation
You will need:
•Thoroughly completed and properly signed account forms.
•Copies of Articles of Incorporation and By-Laws that clearly identify the officers of the corporation and their authority to act on behalf of the corporation in opening an account. Only authorized signers may sign the account-opening documents on behalf of the corporation.
•A Proprietary Funds Letter.
•A copy of a passport or government-issued ID from all officers and any shareholders with 10% or more financial interest.
•Documentation confirming the legal status, ownership or business of the entity.

Foreign Corporation
You will need:
•Thoroughly completed and properly signed account forms.
•Copies of Articles of Incorporation and By-Laws that clearly identify the officers of the corporation and their authority to act on behalf of the corporation in opening the account. Documents must be in English or accompanied by a certified translation. Only authorized signers may sign the account-opening documents on behalf of the corporation.
•Properly signed copy of the Foreign Certification form.
•A Proprietary Funds Letter.
•Copies of the passports or other government-issued IDs of all officers of the corporation and any shareholders with 10% or more financial interest.
•If the corporation is located in a non-cooperating FATF country or a country that is not a FATF cooperating country, a copy of a current bank statement or utility bill.
•Documentation confirming the legal status, ownership or business of the entity.
Partnership and LLC
U.S. Partnership and Limited Liability Company
You will need:
•Thoroughly completed and properly signed account forms.
•Copies of the Partnership Agreement/Operating Agreement and annual state filing. These documents must clearly identify the general partner(s)/member(s) and/or other persons authorized to act on behalf of the entity.
•A copy of the driver’s license, passport or other government-issued ID of authorized partner(s)/member(s) and anyone with 10% or more financial interest.
•Documentation confirming the legal status or business of the entity.
Managed Futures Account
To open a managed futures account, please complete the Limited Power of Attorney form in addition to your account form. In addition, if your account will be managed by a Commodity Trading Advisor (CTA), you will need to complete any forms that manager requires.