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 and 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 posting their entire account balance to meet margin requirements. Clients can minimize their level of exposure by requesting a change in leverage limit. 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 information and educational purposes only and is not, in 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 directed at residents of the United States, Belgium, Canada, Singapore, Japan and is not intended for use by any person in any jurisdiction where such use would be contrary to local law or regulation. Telephone calls and online chat conversations may be recorded and monitored. Tax treatment depends on the individual circumstances for each client. Tax law can change or may differ in each jurisdiction.

MetaTrader 4 and MetaTrader 5 platforms are property of MetaQoutes.

Regulated by

Labuan Flag - Location - TradeUltra
TradeUltra Limited is authorized and regulated by the Labuan Financial Services Authority Malaysia with reference number LL16964.

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

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

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