Common use of Account Opening Procedure Clause in Contracts

Account Opening Procedure. Prior to opening a new account, the Client should carefully review the Client Agreement, the latest version of which is available on the Company's Website. 4.1. The Client may open an account with the Company by following the registration process through the Company’s website. 4.2. In compliance with the applicable regulations, the Company is obligated to perform Know Your Customer (KYC) and due diligence procedures to verify the identity of each person who registers online via the Company's Website. For this purpose, the Company will collect information such as the Client's name, surname, address, telephone number, email, nationality, date of birth, and other relevant details. 4.3. Following the Client's registration, the Company may utilize the provided information to conduct further inquiries as deemed necessary based on the circumstances and internal policies and procedures. The Company also conducts additional checks or periodic reviews. It is essential for the Client to cooperate with the Company and promptly supply any requested information. The Company relies on the accuracy and completeness of the information provided by the Client during the registration process, unless notified otherwise in writing. If any details or circumstances provided during the registration process have changed, the Client must notify the Company in writing as soon as possible via the email address ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇.▇▇▇. Failure to provide such information or submission of misleading, incomplete, or falsified information may result in the Company limiting, blocking access to, terminating, or closing the Client's Account. 4.4. The Company is not obliged (and may be unable, as per applicable regulations) to accept an individual as a Client until all required documentation has been properly and fully completed and all internal checks, including anti-money laundering, customer identification and due diligence checks, have been satisfactorily completed. It should be noted that the Company reserves the right to impose additional due diligence requirements for Clients residing in countries where the risk of money laundering is higher or other high risks related to the Client’s profile have been identified. During the customer identification and due diligence checks, the Company will verify the Client's identity, which may require the submission of government-issued photo identification documents such as a passport, driver's license, or identity card containing the Client's full name, personal photo, date of birth, ID number, and expiry date. Additionally, evidence of the Client's residential address, such as a utility bill or bank statement, may be required for the verification process. The information provided in these documents should match the details submitted in the Client's application. 4.5. The Company’s Services are only available to individuals who are at least 18 years old (and at least the legal age in the Client’s jurisdiction). During the registration process, the Client represents and warrants to be at least 18 years old in case of a physical person and of legal age in its jurisdiction to form a binding contract, and that all registration information submitted is accurate and truthful. The Company may, in its sole discretion, refuse to offer its products and services to any person or entity and change its eligibility criteria at any time. 4.6. The Company will assess the information received from the Client during the registration process to determine the Client's eligibility to invest and/or operate a trading account with the Company. Following the assessment and completion of the KYC and due diligence procedure, the Client's trading account will be opened. 4.7. The Company will not have an obligation to assess Client’s knowledge and experience to determine whether the Service or Financial Instrument is appropriate or not for his/her level of experience and/or knowledge. It shall be Client’s sole responsibility to make sure that the Service or Financial Instrument is appropriate for him/her. 4.8. The Company shall not have an obligation to treat its clients in different classes depending on their knowledge and expertise.