The requirements of trading as an individual may sound too much at the beginning. But as soon as you familiarize yourself with all terms and conditions of investing as an individual, things get easier. It just needs the art of explaining to save time and energy. If you are looking to trade at Exante.eu as an individual, you should check the below as it will cover all the requirements and the information you need as a private investor.
Supporting Documents
There are 12 essential supporting documents you would need if you were going to start trading at Exante.
1. Employment Income
One of these documents should be provided:
1- Income Tax Form (marked by the tax authority on receipt)
2-Paychecks from your employees (bonus payments that include the employee’s name, date, and the amount received).
3- Letter of employment that includes that salary (it should be issued on letter headed paper, displaying the income amount, the appointment held, the registered address, and the registration number of the company)
Note that you can only provide this evidence if you are not a shareholder yet.
2. Investment
An account statement not older than 12 months stating the profits from investment activities. The account statement should be regulated by a financial institution.
3. Real Estate Sale
1- Sale contract
2- Confirmation of ownership and transfer of real estate for an official property register, that is, the notary has not certified the sale contract yet)
3- Confirmation of transfer of funds through an account statement from a regulated financial institution.
4. Company Sale
1- documents confirming the ownership or transfer of ownership of the company
2- Agreement Of Sale Or Purchase
3- Account statement issued by a regulated financial institution confirming the transfer of funds.
5. Inheritance
1- Documents that prove rights of inheritance
2- Account statement issued from a regulated financial institution confirming the transfer of funds.
6. Donations And Gifts (Applicable If Parties Are Related)
1- Evidence confirming the connection between the two parties
2- Donation/gift agreement
3- Evidence confirming the donor’s origins of funds
4- Account statement issued from a regulated financial institution confirming the transfer of funds.
7. Retirement Pension
You can provide one of the following:
1- Account statement issued by a regulated financial institution confirming the transfer of funds.
2- A documentary evidence of receipt of a pension
8. Dividend Payout
1- Account statement issued by a regulated financial institution confirming the transfer of funds.
2- Audited financial statement confirming the details of dividend payment
3- Documents indicating and confirming the ownership of the company.
9. Pension Funds Contribution
Documents from pension funds confirm the payments to the pension from the gross salary. (It is only acceptable if the law clearly indicates the percentage of the obligatory pension contribution).
10. Maturity Of Life Policy
1- A closing statement indicating the closing amount, total income, and the name of the insured person.
2- Life agreement
3- Account statement issued by a regulated financial institution that confirms the transfer of funds.
11. Divorce Settlement
1- Statement confirming settlement proceeds issued by the court.
2- Account statement issued by a regulated financial institution that confirms the transfer of funds.
***In some cases, additional documents are required by the compliance team. They reserved the right to request additional documents not mentioned to have the proper source of funds.
Minimum Deposit To Start Trading As A Private Investor
The minimum deposit of a private investor is 10,000 EUR/GBP in whichever currency you prefer: SD, JPY, EUR, CHF, CZK, SEK, CAD, HKD, MXN, PLN, NOK, SGD, and AUD. Reach out to the account manager because the currencies available for deposits depend on the type of account.
You can deposit any amount starting from 10,000 EUR/GBP once your document is approved. Transfer of the deposits can be done in parts, there are no maximum transfer limits. However, you need to reach the minimum deposit required to receive access to the live trading platform.
Your currency will remain in the currency of your choice provided that you have the money in any of the currencies mentioned; however, if you wish to convert them, you can easily do that by enabling the ‘automatic currency conversion’ function.
Summary:
The supporting requirements by Exante can be considered standard and most brokers will require this information as verification. The process is easy to get through and verification is accurate and quick. The Exante support team is also easy to get in touch with should you encounter a problem, and they are proficient in a range of languages (English, French, Chinese, Portuguese, German, Italian, and more), which increases its accessibility.
