Policy objective

1. Where the needs of enhanced due diligence arise particularly for those customers whose is identified as High Risk and/or Politically Exposed Person (“PEP”) or where there are unidentified hits in the World Check results, TradeUltra Ltd (herein the “Company”) will take necessarily meant to identify those customers and the nature of business of Company or proposed Company.

Below are some of the additional questions to ask and/or information required from potential/existing customers for enhance due diligence purposes:

2. Interview customer to check the legitimacy of the business by asking the following additional open-ended questions (“know your customer” questions):

Elaborate further on type of business and nature of trade;
Elaborate further on source(s) of fund(s) of business and its country of origin;
Nature of payment(s) and outgoing of fund(s) to the country(ies) involved;
Nature of transaction(s) and incoming of fund(s) from the country(ies) involved;
For PEP, has customer ever been rejected by any government agency(ies), ministry(ies), political party(ies), and/or other statutory body(ies), even in other jurisdiction they concerned in; and
Request explanation if the current/proposed business will be used by the ministry(ies), agency(ies), political party(ies) and/or any other statutory body(ies) they concerned in as stated in 1(f).

3. Once satisfied with customer’s explanation, we will proceed to get the customer to complete our Enhanced Due Diligence Form or Statutory Declaration, where applicable and necessary. However, we will inform customer at the outset that the business decision depends on our Compliance’s final approve of its/his/her application.

4. Once Compliance is satisfied on all above, Trade Ultra’s Compliance Officers/ Officers and /or Employees will proceed to advise customer on the business relationship.

5. Trade Ultra's Compliance Officer/ Officers and /or Employees to use Checklist and Control to complete the On Boarding or Annual Review.

Contracts for difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. Therefore, you should not invest money that you cannot afford to lose. There are also risks associated with utilizing an Internet-based trade execution software application, including, but not limited to, the failure of hardware and software.

Margined Forex and CFD trading are leveraged products that may not be suitable for everyone, and you should ensure that you understand the risks involved and take care to manage your exposure. Please think carefully about whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients post their entire account balance to meet margin requirements. Clients can minimize their level of exposure by requesting a change in leverage limits. For more information, please refer to TradeUltra Limited’s Risk Disclosure.

When acquiring our CFD or derivative products, you have no entitlement, right, or obligation to the underlying financial asset. TradeUltra Limited is not a financial adviser, and all services are provided on an execution-only basis. Important legal documents in relation to our products and services are available on our website. You should read and understand these documents before applying for any Trade Ultra products or services and obtain independent professional advice as necessary.

Any analysis, opinion, commentary, or research-based material on our website is for informational and educational purposes only and is not, under any circumstances, intended to be an offer, recommendation, or solicitation to buy or sell. Any indication of past performance or simulated past performance included in advertisements published by TradeUltra Limited is not a reliable indicator of future results. The customer carries the sole responsibility for all the businesses or investments that are carried out at TradeUltra Limited. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks if you are at all unsure.

The information on this site is not intended for residents of the following countries: United States, Canada, Singapore, Japan, Afghanistan, Cuba, Eritrea, Myanmar, Iran, Iraq, North Korea, Kyrgyzstan, Libya, Sudan, Syria, Liberia, Yemen, Somalia, Senegal, Jamaica, Mali, Panama, Albania, Barbados, Cambodia, Palestine, or Lebanon. It is also not intended for use by any person in any jurisdiction where such use would be contrary to local law or regulation. Please note that telephone calls and online chat conversations may be recorded and monitored. Additionally, the tax treatment of our services depends on the individual circumstances of each client and may vary according to the jurisdiction. Tax laws are subject to change, and they may differ in each jurisdiction.

MetaTrader 4 and MetaTrader 5 platforms are properties of MetaQuotes.

Regulated/Registered by:

Labuan Flag - Location - TradeUltra
TradeUltra Limited is authorized and regulated by the Labuan Financial Services Authority Malaysia with License number MB/20/0059.

iconTradeUltra Limited is licensed by the Financial Services Commission Mauritius with Global Business License number GB21026948.

iconTradeUltra Limited is an International Business Company registered in Saint Vincent and the Grenadines with registration number 25982 BC 2020.

iconTradeUltra Markets Limited is an International Business Company registered in Saint Vincent and the Grenadines with registration number 20997 IBC 2013.

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