Account Opening, Eligibility and Suitability

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Opening your Contract For Difference (CFD) trading account and becoming an Institute Trader is a very straight forward and simple process. The entire process is electronic and very rarely do you need to email copies or provide hard copies of documentation to back up your application. As long as you follow our instructions carefully when making your application, you will not encounter any delays and the turnaround in opening your account will be around 2 working days. All you have to do is go to the section of our website where you apply for your account or to be redirected click HERE.

Account Opening

Opening your account can be done at any stage. You can do this before, during or after your Institute Educational Training Programme. "Opening" a trading account is actually done in 2 steps.

Firstly, you need to apply and be accepted. Overall the process is easy; however this is the more difficult part because YOU are the person that will have to answer questions as set out by FSA guidelines. Once you have done this, the application goes through the Institute to the broker. As long as you have followed the instructions carefully, you will receive an email within 2 days to access your account AND download the trading account software onto your desktop. At this stage your account is actually "OPEN" however you will have a zero balance in your account as you have not yet transferred any funds into your account. At this stage you will be given your account number.

Secondly, you need to "Fund" your account by transferring money into your trading account. Once you have opened your account you just need to watch the video entitled "Funding Your Institute Trading Account" - you'll find it in the lower right corner of this page HERE. Funding can be achieved by simply using a debit or a credit card. You can also fund your trading account by using your current assets as "currency" or "collateral" - To learn how to do this and understand how this works, you need to read the section of this website entitled "Transferring Existing Portfolio's" - click HERE to be redirected to this area.

Account Eligibility and Suitability     

You are eligible to open a trading account if you 18 years or over and understand the risks involved with trading Contracts for Difference's (CFD's). U.K. Residents are immediately eligible. International applicants should go through the same online electronic process of application, however, this will take longer than 2 days as the FSA requires us to ask you for more information in verifying who you are and your suitability. This may take a few weeks, however, if you are diligent and provide the correct information that we ask for, the process can be a lot quicker.

Remember, there is nothing to be scared of when opening a trading account. Opening a trading account is similar to opening a bank account at your local high street branch. Except in this instance, you initially open the account with a zero balance, then you transfer your funds later. As long as you get the paperwork out of the way, you can fund your account anytime you want.

Click here to go to the NEXT PAGE - "Transferring Existing Portfolios"


CFDs are a leveraged product and can result in losses that exceed your initial deposit. Trading CFDs may not be suitable for everyone, so please ensure that you fully understand the risks involved.


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