Barron's 4.5 Stars 2014 Open an Account Button Contact Us Login Log In Log into

Get Started > New Account Application: Small Business Accounts

 

What You Need for the Application: Small Business New Account App

 

 

United States

What you need for the:

Application   Documents   Funding

 

What You Need - Application 

For businesses that are located in the United States

In addition to names, addresses, and phone numbers, you will need the following information to complete the Small Business Account Application:

 

Partnership, Corporation, and Unincorporated Business

You will need everything listed under this column:

Limited Liability Corporation:

You will need everything listed under the previous column plus:

  • Tax Identification Number for the entity.
  • US Social Security Number, or ID number if not a US citizen (Driver's License, Alien Identification Card, Passport or National Identity Card).
  • Controlling Officer name, address, phone number, US Social Security Number or ID number if not a US citizen (Driver's License, Alien Identification Card, Passport or National Identity Card).
  • Estimated Net Worth (excluding the value of your residence).
  • Estimated Liquid Net Worth (excluding the value of your residence).
  • Annual Net Income.
  • Total Assets.
  • Bank or third-party broker account numbers for funding purposes, plus routing number for check deposits.

For each 10% or greater shareholder:

  • Name
  • Date of birth
  • Address
  • Phone
  • Country of Citizenship or formation if an entity
  • US Social Security Number or ID number if not a US citizen (Driver's License, Alien Identification Card, Passport or National Identity Card).
  • US Tax Classification (Partnership, Corporation, Disregarded Entity).
 

Back to the top Deposit Type

 

What You Need – Documents

 

In addition to the information that you will need to complete the application, you will be asked to provide the documents listed below.

 

Jump to a section:

Corporations, Partnership or Limited Liability Companies
Unincorporated Businesses
 
Corporations, Partnership or Limited Liability Companies
Document Category Acceptable Documents (only one document per category is needed)
Proof of your firm's existence

The document must be a valid, final version that clearly states the name of the firm, and is not in an editable format.

  • Government-Issued Articles of incorporation;
  • Government-Issued Business License;
  • Government-Issued Certificate of Good Standing from the Jurisdiction of Incorporation;
  • Company Charter;
  • Bylaws;
  • Operating Agreement, Partnership Agreement, or LLC Agreement
Proof of your firm's address

The document should clearly state the name and address and it should not be in an editable format.

  • Mortgage Statement*
  • Deed
  • Other Evidence of Property
  • Current Lease (Fully-Executed Copy)
  • Utility Bill*
  • Driver's License
  • Bank Statement, Bank-Issued Credit Card Statement or Bank-Issued Debit Card Statement or Signed Letter from Bank on Bank Letterhead Confirming Address*
    • Customer and bank must be from a country that is a member of the Financial Action Task Force on Money Laundering (see http://www.fatf-gafi.org);
  • Brokerage Statement from a U.S.-Registered Broker-Dealer or Foreign Affiliate of a U.S.-Registered Broker Dealer*
    • Customer must be from a country that is a member of the Financial Action Task Force on Money Laundering (see http://www.fatf-gafi.org);
  • Current Homeowner's or Renter's Policy Documents or Riders
  • Current Bill for Homeowner's or Renter's Insurance Policy*
  • Security System Bill/Statement*
  • Government-Issued Letters or Government-Issued Statements establishing your current address. (i.e. Tax Letters and notices; Letters or notices from government housing authorities; Jury duty notices; and/or Voter Registration notices)

*Document should be less than 12 months old

Proof of the identity of the firm's controlling officer and of each individual or entity that owns 10% or more of  the firm

If the Owner is an Individual:

The document should be a valid document that clearly states the name and DOB, and is not in an editable format

    • Passport
    • Driver's License
    • National ID Card
    • Other Government-Issued ID Card (i.e. US State ID Card, Visa, Alien Registration ID Card, Green Card, etc.)

If the Owner is an Entity:

The document must be a valid, final version that clearly states the name of the firm, and is not in an editable format.

    • Government-Issued Articles of Incorporation (Final, Stamped Copy)
    • Government-Issued Business License (Final, Stamped Copy)
    • Government-Issued Certificate of Good Standing from the Jurisdiction of Incorporation (Final, Stamped Copy)
    • Company Charter (Fully-Executed Copy)
    • Bylaws (Fully-Executed Copy)
    • Operating Agreement, Partnership Agreement, or LLC Agreement (Fully-Executed Copy)
Proof of the address of the firm's controlling officer and each individual or entity that has an ownership interest of 10% or more in the firm

The document should clearly state the name and address and it should not be in an editable format.

  • Mortgage Statement*
  • Deed
  • Other Evidence of Property
  • Current Lease (Fully-Executed Copy)
  • Utility Bill*
  • Driver's License
  • Bank Statement, Bank-Issued Credit Card Statement or Bank-Issued Debit Card Statement or Signed Letter from Bank on Bank Letterhead Confirming Address*
    • Customer and bank must be from a country that is a member of the Financial Action Task Force on Money Laundering (see http://www.fatf-gafi.org);
  • Brokerage Statement from a U.S.-Registered Broker-Dealer or Foreign Affiliate of a U.S.-Registered Broker Dealer*
    • Customer must be from a country that is a member of the Financial Action Task Force on Money Laundering (see http://www.fatf-gafi.org);
  • Current Homeowner's or Renter's Policy Documents or Riders
  • Current Bill for Homeowner's or Renter's Insurance Policy*
  • Security System Bill/Statement*
  • Government-Issued Letters or Government-Issued Statements establishing your current address. (i.e. Tax Letters and notices; Letters or notices from government housing authorities; Jury duty notices; and/or Voter Registration notices)

*Document should be less than 12 months old

Proof of the authority of the firm to trade on margin

The document must be a valid, final version that clearly states the firm is authorized to trade on margin and is not in an editable format.

  • Corporate Charter*
  • Bylaws*
  • Corporate Resolution

*Please circle the authorization language.

If the firm is a foreign bank:

Please complete and submit BOTH of these documents below:

Other Financial Institution Account Statement*

*This requirement applies only to organizations and trusts that have been formed in or are located in countries that are not full members of the Financial Action Task Force (see http://www.fatf-gafi.org).

The document should clearly state the name of the firm and be less than 12 months old.

  • Bank Statement
  • Broker Statement
  • Mortgage Statement
  • Loan Statement
 
Back to the top Deposit Type
Unincorporated Businesses
Document Category Acceptable Documents (only one document per category is needed)
Proof of the identity of the person opening the account on behalf of the business

The document should be a valid document that clearly states the name and DOB, and is not in an editable format

  • Passport
  • Driver's License
  • National ID Card
  • Other Government-Issued ID Card (i.e. US State ID Card, Visa, Alien Registration ID Card, Green Card, etc.)
Proof of the address of the person opening the account on behalf of the business

The document should clearly state the name and address and it should not be in an editable format.

  • Mortgage Statement*
  • Deed
  • Other Evidence of Property
  • Current Lease (Fully-Executed Copy)
  • Utility Bill*
  • Driver's License
  • Bank Statement, Bank-Issued Credit Card Statement or Bank-Issued Debit Card Statement or Signed Letter from Bank on Bank Letterhead Confirming Address*
    • Customer and bank must be from a country that is a member of the Financial Action Task Force on Money Laundering (see http://www.fatf-gafi.org);
  • Brokerage Statement from a U.S.-Registered Broker-Dealer or Foreign Affiliate of a U.S.-Registered Broker Dealer*
    • Customer must be from a country that is a member of the Financial Action Task Force on Money Laundering (see http://www.fatf-gafi.org);
  • Current Homeowner's or Renter's Policy Documents or Riders
  • Current Bill for Homeowner's or Renter's Insurance Policy*
  • Security System Bill/Statement*
  • Government-Issued Letters or Government-Issued Statements establishing current address. (i.e. Tax Letters and notices; Letters or notices from government housing authorities; Jury duty notices; and/or Voter Registration notices)

*Document should be less than 12 months old

Proof of the authority of the firm to trade on margin

The document must be a valid, final version that clearly states the firm is authorized to trade on margin and is not in an editable format.

  • Corporate Charter*
  • Bylaws*
  • Corporate Resolution

*Please circle the authorization language.

If the firm is a foreign bank:

Please complete and submit BOTH of these documents below:

Other Financial Institution Account Statement*

*This requirement applies only to organizations and trusts that have been formed in or are located in countries that are not full members of the Financial Action Task Force (see http://www.fatf-gafi.org).

The document should clearly state the name of the firm and be less than 12 months old.

  • Bank Statement
  • Broker Statement
  • Mortgage Statement
  • Loan Statement
  
  Back to the top Deposit Type  

 

 
Small Business Applicants in the United States
 

What You Need - Funding

 

Accepted Currencies Which currency/currencies can I fund/put in my account?

You can fund your account with any of the following currencies (regardless of which base currency you select to use as your base currency):

AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, JPY, MXN, NOK, NZD, PLN, RUB, SEK, SGD & USD.

 

Base Currencies Available Which currency/currencies can I hold in my account?

You may select to use any of the following currencies to use as your base currency:

AUD, CAD, CHF, CNH, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, MXN, NOK, NZD, RUB, SEK, SGD or USD.  

 

During the funding step in the account application, you will need to provide us with additional information, which varies depending on the funding method you choose.

 
Funding Method What You Need
Deposit Notifications: Notifications only and do not actually transfer money or positions. If you select one of these deposit methods, you are responsible for initiating the actual transfer of funds.
Wire Transfer
  • Amount of intended deposit
  • Bank Name
  • Bank Account Number (optional)
Bank ACH Transfer from Your Bank
  • Amount of intended deposit
  • Bank Name
Check
  • Amount of intended deposit
  • Check Number
  • Bank Routing Number
  • Bank Account Number
Online Bill Payment
  • Amount of intended deposit
  • Bank Name
Free of Payment (FOP)
  • Name of Third-Party Bank or Broker
  • Third-Party Bank or Broker Account Number
  • Symbol, Number of Shares, and Exchange (optional) of each Stock to transfer
  • Symbol, Number of Shares, Strike (optional), Put/Call (optional), and Expiration Date (optional) of each Warrant to transfer
  • CUSIP Number and Aggregate Face Value of each US Bond to transfer
Instruct PT to contact your bank or broker to transfer funds and/or assets: If you select one of these methods, money and /or positions are actually transferred.
Automatic Bank ACH Transfer
  • Bank Account Number
  • Bank Account Type (Checking or Savings)
  • Bank's 9-digit routing number
Automated Customer Account Transfer Service
  • Name of Third-Party Bank or Broker
  • Third-Party Bank or Broker Account Number

In addition, for partial ACATS transfers:

  • Symbol, Number of Shares, and Exchange (optional) of each Stock and/or US Mutual Fund to transfer
  • Symbol, Number of Shares, Strike (optional), Put/Call (optional), and Expiration Date (optional) of each Warrant to transfer
  • CUSIP Number and Aggregate Face Value of each US Bond to transfer
  • Underlying Symbol, Number of Contracts, Position (long or short), Strike, Put or Call, and Expiration Date of each Option to transfer
Account Transfer on Notification (ATON)
  • Name of Third-Party Bank or Broker
  • Third-Party Bank or Broker Account Number

In addition, for partial ATON transfers:

  • Symbol, Number of Shares, and Exchange (optional) of each Stock and/or Canadian Stock to transfer
  • Symbol, Number of Shares, Strike (optional), Put/Call (optional), and Expiration Date (optional) of each Warrant to transfer
  • Underlying Symbol, Number of Contracts, Position (long or short), Strike, Put or Call, and Expiration Date of each Option and/or Canadian Option to transfer
US Futures Asset Transfer

From your Place Trade Account Application:

  • Place Trade Account ID
  • User Name
  • Account Title
  • Address
  • Social Security Number or Tax ID Number on Account
  • Email Address.

From the account to be transferred to your Place Trade account:

  • Name of Brokerage Firm Currently Holding Your Account
  • Address
  • City/State/Zip
  • Account Owner Name(s)
  • Account Number.

In addition, for partial transfers:

  • Description and quantity of each asset to be transferred.
European Asset Transfer

From your Place Trade Account Application

  • Place Trade Account ID
  • User Name
  • Account Title
  • Account Type
  • Address
  • Social Security Number or Tax ID Number on Account (US residents only).

From the account to be transferred to your Place Trade account:

  • Name of Bank/Brokerage Firm Currently Holding Your Account
  • Address
  • City/State/Zip
  • Name of Contact Person at Bank/Broker
  • Account Owner Name(s)
  • Account Number.

For partial transfers:

  • Symbol, Description, Quantity, and ISIN number of each asset to be transferred
Asian Asset Transfer
  • Summary and country of origin/exchange of each asset to transfer

Back to the top Deposit Type

Europe

What you need for:

Application (Europe)   Documents (Europe)   Funding (Europe)

 

What You Need - Application 

For businesses that are located in Europe

In addition to names, addresses and phone numbers, you will need the following information to complete the Small Business Account Application:

 
Partnership, Corporation, Limited Liability Corporation and Unincorporated Business
  • Small Business Tax Identification Number;
  • US Tax Classification (Partnership, Corporation, Disregarded Entity);
  • US Social Security Number or ID number if not a US citizen (Driver's License, Alien Identification Card, Passport or National Identity Card);
  • Controlling Officer name, address, phone number, US Social Security Number or ID number if not a US citizen (Driver's License, Alien Identification Card, Passport or National Identity Card).

If the entity is NOT a U.S. publicly-traded company or registered with a U.S. financial regulatory agency, then for each 10% or greater shareholder:

  • Name;
  • Date of birth;
  • Address;
  • Phone;
  • Country of citizenship or formation if entity;
  • US Social Security Number or ID number if not a US citizen (Driver's License, Alien Identification Card, Passport or National Identity Card).
  • Estimated Net Worth (excluding value of residence);
  • Estimated Liquid Net Worth (excluding value of residence).
  • Annual Net Income;
  • Total Assets;
  • Bank or third-party broker account numbers for funding purposes, plus routing number for check deposits.

 Back to the top Small Business Applications  

   
 
Small Business Applicants in Europe
 

What You Need – Documents

 

In addition to the information that you will need to complete the application, you will be asked to provide the documents listed below.

 
Jump to a section:

Corporate Accounts - EU Credit or Financial Small Business
Corporate Accounts - Non-EU Credit or Financial Small Business
Corporate Accounts - Quoted Company
Corporate Accounts - Private Company
Partnership/Unincorporated Business Account


Corporate Accounts - EU Credit or Financial Small Business
Document Category Acceptable Documents (only one document per category is needed)
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Other Company Document:
    Articles of incorporation, lease agreement which shows the company’s current address.
Proof of Authority
For EACH individual having the authority to trade on behalf of the company.
  • Board resolution which grants the authority to the trader;
  • Other company document which grants the authority to the trader.
Proof of Identity
for CEO and for EACH TRADER.
  • Passport:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue; any visa stamped pages must be included;
  • National ID Card:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue.
Proof of Residency
for CEO and for EACH TRADER.
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address;
    Please note: Bills for cell phone service are not valid proof of residency;
  • Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue;
  • Bank Statement:
    Must be less than six months old and show the account holder’s full name and address;
  • Notarized Document:
    Must be another document; e.g. rental/lease, agreement, work permit, etc. which shows currently valid address and is less than three months old, and certified by a solicitor that he/she has seen the original document; solicitors must provide their full name, address and telephone number.

Please Note:

Place Trade reserves the right to request additional documents in situations where the documents listed above are insufficient to complete our process of due diligence.

 

All documents must be legible. It is advised to use the "enlarge copy" option when making copies of documents on scanners or copy machines.

You may SEND documents either:

via Fax: 0041 41 726 9599

OR

via Email: as scanned documents to: This email address is being protected from spambots. You need JavaScript enabled to view it. (Please include your Account ID in the Subject line).

Please note that your application for a PT account cannot be approved until these documents have been received and reviewed by Place Trade. If you have any questions regarding the documents required to open a Place Trade account, please contact our New Accounts Department via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. (Please include your Account ID in the Subject line).

 
  Back to the top Small Business Applications  
Corporate Accounts - Non-EU Credit or Financial Small Business
Document Category Acceptable Documents (only one document per category is needed)
Proof of Evidence
  • Company's license or authorization to conduct financial business;
    If the company’s regulated status is not indicated, please provide appropriate evidence.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Other Company Document:
    Articles of incorporation, lease agreement which shows the company’s current address.
Proof of Authority
For EACH individual having the authority to trade on behalf of the company.
  • Board resolution which grants the authority to the trader;
  • Other company document which grants the authority to the trader.
Proof of Identity
for CEO and for EACH TRADER.
  • Passport:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue; any visa stamped pages must be included;
  • National ID Card:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue.
Proof of Residency
for CEO and for EACH TRADER.
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue;
  • Bank Statement:
    Must be less than six months old and show the account holder’s full name and address;
  • Notarized Document:
    Must be another document; e.g. rental/lease agreement, work permit, etc. which shows currently valid address and is less than three months old, and certified by a solicitor that he/she has seen the original document; solicitors must provide their full name, address and telephone number.

Please Note

Place Trade reserves the right to request additional documents in situations where the documents listed above are insufficient to complete our process of due diligence.

 

All documents must be legible. It is advised to use the "enlarge copy" option when making copies of documents on scanners or copy machines.

You may SEND documents either:

via Fax: 0041 41 726 9599

OR

via Email: as scanned documents to: This email address is being protected from spambots. You need JavaScript enabled to view it. (Please include your Account ID in the Subject line).

Please note that your application for a PT account cannot be approved until these documents have been received and reviewed by PT. If you have any questions regarding the documents required to open a PT account, please contact our New Accounts Department via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. (Please include your Account ID in the Subject line).

 
  Back to the top Small Business Applications  
For Non-EU/FATF Financial or Credit Institutions

For each director, principal, shareholder and owner of the company that has a 20% or greater ownership in the company, additional documents are required based on whether:


If director, principal, shareholder or owner is an individual non-UK resident
Document Category Acceptable Documents (only one document per category is needed)
Proof of Identity
  • Passport:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue; any visa stamped pages must be included;
  • National ID Card:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue;
  • Bank Statement:
    Must be less than six months old and show the account holder’s full name and address;
  • Notarized Document:
    Must be another document; e.g. rental/lease agreement, work permit, etc. which shows currently valid address and is less than three months old, and certified by a solicitor that he/she has seen the original document; solicitors must provide their full name, address and telephone number.

If director, principal, shareholder or owner is an individual UK resident
Document Category Acceptable Documents (only one document per category is needed)
Proof of Identity
  • Passport:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue; any visa stamped pages must be included;
  • UK Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • UK Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue. Note: If driver’s license is used for proof of identity, it can not also be used as proof of address;
  • Bank Statement:
    Must be less than six months old and show the account holder’s full name and address;
  • Notarized Document:
    Must be another document; e.g. rental/lease agreement, work permit, etc. which shows currently valid address and is less than three months old, and certified by a solicitor that he/she has seen the original document; solicitors must provide their full name, address and telephone number.

If shareholder or owner is a regulated credit or financial institution
Document Category Acceptable Documents (only one document per category is needed)
Company’s Statement
  • Confirmation Letter:
    Must state the name, address and type of institution of the owning company and confirm ownership of the applicant company.
Proof of Evidence
  • Company's license or authorization to conduct financial business. If the company’s regulated status is not indicated, please provide appropriate evidence.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and Show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Other company document:
    Articles of incorporation, lease agreement which shows the company’s current place of business address.

If shareholder or owner is a quoted company
Document Category Acceptable Documents (only one document per category is needed)
Company’s Statement
  • Confirmation Letter:
    Must state the name, address and exchange on which the owning company is quoted and confirm ownership of the applicant company.

If the shareholder or owner is a private company
Document Category Acceptable Documents (only one document per category is needed)
Company’s Statement
  • Confirmation Letter:
    Must state the name and address of the owning company and confirm ownership of the applicant company.
Proof of Registration
  • Notarized extract from the U.K. Office of the Registrar of Companies (i.e. the “Trade Register”) must be less than six months old;
  • Comparable document from the company's country of origin must be less than six months old.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residence;
  • Other company document:
    Articles of incorporation, lease agreement which shows the company’s current place of business address.

ORGANISATIONS OWNING 20% OR MORE OF A NON- EU/FATF FINANCIAL OR CREDIT INSTITUTION WILL NEED TO PROVIDE DOCUMENTS AS ABOVE UNTIL THE ULTIMATE NATURAL OWNERS (PERSONS) OWNING 20% OR MORE (IF ANY) ARE IDENTIFIED AND THEIR PROOF OF IDENTITY AND RESIDENCY DOCUMENTS HAVE BEEN REQUESTED

 

 

Corporate Accounts - Quoted Company
Document Category Acceptable Documents (only one document per category is needed)
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than 6 months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Other Company Document:
    Articles of incorporation, lease agreement which shows the company’s current address.
Proof of Authority
For each individual having the authority to trade on behalf of the company.
  • Board resolution which grants the authority to the trader;
  • Other company document which grants the authority to the trader.
Proof of Identity
For EACH TRADER.
  • Passport:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue; any visa stamped pages must be included;
  • National ID Card:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue.
Proof of Residency
For EACH TRADER.
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than 6 months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue;
  • Bank Statement:
    Must be less than 6 months old and show the account holder’s full name and address;
  • Notarized Document:
    Must be another document e.g. rental/ lease, agreement, work permit etc, which show currently valid address and be less than 3 months old which certified by a solicitor that he/she has seen the original document; solicitors must provide their full name, address and telephone number.

Note

Place Trade reserves the right to request additional documents in situations where the documents listed above are insufficient to complete our process of due diligence.

 

All documents must be legible. It is advised to use the "enlarge copy" option when making copies of documents on scanners or copy machines.

You may SEND documents either:

via Fax: 0041 41 726 9599

OR

via Email: as scanned documents to: This email address is being protected from spambots. You need JavaScript enabled to view it. (Please include your Account ID in the Subject line).

Please note that your application for a PT account cannot be approved until these documents have been received and reviewed by PT. If you have any questions regarding the documents required to open a PT account, please contact our New Accounts Department via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. (Please include your Account ID in the Subject line).

 
  Back to the top Small Business Applications  
Corporate Accounts - Private Company
Document Category Acceptable Documents (only one document per category is needed)
Proof of Registration
  • Notarized extract from the U.K. Office of the Registrar of Companies (i.e. the “Trade Register”) must be less than six months old;
  • Comparable document from the company's country of origin must be less than six months old.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Other company document:
    Articles of incorporation - must show the company’s current address.
Proof of Authority
For EACH individual having the authority to trade on behalf of the company.
  • Board resolution must grant the authority to the trader;
  • Other company document which grants the authority to the trader.
Proof of Identity
for CEO and for EACH TRADER.
  • Passport:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue; any visa stamped pages must be included;
  • National ID Card:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue.
Proof of Residency
for CEO and for EACH TRADER.
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue;
  • Bank Statement:
    Must be less than six months old and show the account holder’s full name and address;
  • Notarized Document:
    Must be another document; e.g. rental/lease agreement, work permit, etc. which shows currently valid address and is less than three months old, and certified by a solicitor that he/she has seen the original document; solicitors must provide their full name, address and telephone number.

Note

Place Trade reserves the right to request additional documents in situations where the documents listed above are insufficient to complete our process of due diligence.

 

All documents must be legible. It is advised to use the "enlarge copy" option when making copies of documents on scanners or copy machines.

You may SEND documents either:

via Fax: 0041 41 726 9599

OR

via Email: as scanned documents to: This email address is being protected from spambots. You need JavaScript enabled to view it. (Please include your Account ID in the Subject line).

Please note that your application for a PT account cannot be approved until these documents have been received and reviewed by PT. If you have any questions regarding the documents required to open a PT account, please contact our New Accounts Department via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. (Please include your Account ID in the Subject line).

 
  Back to the top Small Business Applications  
For Private Companies

For each director, principal, shareholder and owner of the company that has a 20% or greater ownership in the company, additional documents are required based on whether:


If director, principal, shareholder or owner is an individual non-UK resident
Document Category Acceptable Documents (only one document per category is needed)
Proof of Identity
  • Passport:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue; any visa stamped pages must be included;
  • National ID Card:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue;
  • Bank Statement:
    Must be less than six months old and show the account holder’s full name and address;
  • Notarized Document:
    Must be another document; e.g. rental/lease agreement, work permit, etc. which shows currently valid address and is less than three months old, and certified by a solicitor that he/she has seen the original document; solicitors must provide their full name, address and telephone number.

If director, principal, shareholder or owner is an individual UK resident
Document Category Acceptable Documents (only one document per category is needed)
Proof of Identity
  • Passport:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue; any visa stamped pages must be included;
  • UK Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • UK Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue. Note: If driver’s license is used for proof of identity, it can not also be used as proof of address;
  • Bank Statement:
    Must be less than six months old and show the account holder’s full name and address;
  • Notarized Document:
    Must be another document; e.g. rental/lease agreement, work permit, etc. which shows currently valid address and is less than three months old, and certified by a solicitor that he/she has seen the original document; solicitors must provide their full name, address and telephone number.

If shareholder or owner is a regulated credit or financial institution
Document Category Acceptable Documents (only one document per category is needed)
Company’s Statement
  • Confirmation Letter:
    Must state the name, address and type of institution of the owning company and confirm ownership of the applicant company.
Proof of Evidence
  • Company's license or authorization to conduct financial business;
    If the company’s regulated status is not indicated, please provide appropriate evidence.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Other company document:
    Articles of incorporation, lease agreement which shows the company’s current place of business address.

If shareholder or owner is a quoted company
Document Category Acceptable Documents (only one document per category is needed)
Company’s Statement
  • Confirmation Letter:
    Must state the name, address and exchange on which the owning company is quoted and confirm ownership of the applicant company.

If the Shareholder or owner is a private company
Document Category Acceptable Documents (only one document per category is needed)
Company’s Statement
  • Confirmation Letter:
    Must state the name and address of the owning company and confirm ownership of the applicant company.
Proof of Registration
  • Notarized extract from the U.K. Office of the Registrar of Companies (i.e. the “Trade Register”) must be less than six months old;
  • Comparable document from the company's country of origin must be less than six months old.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Other company document:
    Articles of incorporation, lease agreement which shows the company’s current place of business address.
 

ORGANISATIONS OWNING 20% OR MORE OF A NON- EU/FATF FINANCIAL OR CREDIT INSTITUTION WILL NEED TO PROVIDE DOCUMENTS AS ABOVE UNTIL THE ULTIMATE NATURAL OWNERS (PERSONS) OWNING 20% OR MORE (IF ANY) ARE IDENTIFIED AND THEIR PROOF OF IDENTITY AND RESIDENCY DOCUMENTS HAVE BEEN REQUESTED

 

Partnership/Unincorporated Business Account
Document Category Acceptable Documents (only one document per category is needed)
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address). Please note: Bills for cell phone service are not valid proof of residency;
  • Other company document:
    Articles of incorporation - must shows the company’s current place of business address.
Proof of Authority
If a formal partnership or unincorporated business arrangements exists.
  • Mandate:
    Must show the opening of and conferring authority to those persons who will undertake transactions on behalf of the partnership or unincorporated business.
Proof of Identity
For Each Partner and for EACH TRADER.
  • Passport:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue; any visa stamped pages must be included;
  • National ID Card:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue.
Proof of Residency
For Each Partner and for EACH TRADER.
  • Utility Bill:
    Electricity, water, telephone, gas – the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue;
  • Bank Statement:
    Must be less than six months old and show the account holder’s full name and address;
  • Notarized Document:
    Must be another document; e.g. rental/lease agreement, work permit, etc. which shows currently valid address and is less than three months old, and certified by a solicitor that he/she has seen the original document; solicitors must provide their full name, address and telephone number.

Note

Place Trade reserves the right to request additional documents in situations where the documents listed above are insufficient to complete our process of due diligence.

 

All documents must be legible. It is advised to use the "enlarge copy" option when making copies of documents on scanners or copy machines.

You may SEND documents either:

via Fax: 0041 41 726 9599

OR

via Email: as scanned documents to: This email address is being protected from spambots. You need JavaScript enabled to view it. (Please include your Account ID in the Subject line).

Please note that your application for a PT account cannot be approved until these documents have been received and reviewed by PT. If you have any questions regarding the documents required to open a PT account, please contact our New Accounts Department via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. (Please include your Account ID in the Subject line).

 
  Back to the top Small Business Applications  
For Partnership/Unincorporated Business Accounts

For each director, principal, shareholder and owner of the company that has a 20% or greater ownership in the company, additional documents are required based on whether:


If director, principal, shareholder or owner is an individual non UK resident
Document Category Acceptable Documents (only one document per category is needed)
Proof of Identity
  • Passport:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue; any visa stamped pages must be included;
  • National ID Card:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue;
  • Bank Statement:
    Must be less than six months old and show the account holder’s full name and address;
  • Notarized Document:
    Must be another document; e.g. rental/lease agreement, work permit, etc. which shows currently valid address and is less than three months old, and certified by a solicitor that he/she has seen the original document; solicitors must provide their full name, address and telephone number.

If director, principal, shareholder or owner is an individual UK resident
Document Category Acceptable Documents (only one document per category is needed)
Proof of Identity
  • Passport:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue; any visa stamped pages must be included;
  • UK Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • UK Driver’s License:
    Must be currently valid, signed by the account holder and clearly indicate the number, date of expiration, date of birth and country of issue. Note: If driver’s license is used for proof of identity, it can not also be used as proof of address;
  • Bank Statement:
    Must be less than six months old and show the account holder’s full name and address;
  • Notarized Document:
    Must be another document; e.g. rental/lease agreement, work permit, etc. which shows currently valid address and is less than three months old, and certified by a solicitor that he/she has seen the original document; solicitors must provide their full name, address and telephone number.

If shareholder or owner is a regulated credit or financial institution
Document Category Acceptable Documents (only one document per category is needed)
Company’s Statement
  • Confirmation Letter:
    Must state the name, address and type of institution of the owning company and confirm ownership of the applicant company.
Proof of Evidence
  • Company's license or authorization to conduct financial business;
    If the company’s regulated status is not indicated, please provide appropriate evidence.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Other company document:
    Articles of incorporation, lease agreement which shows the company’s current place of business address.

If shareholder or owner is a quoted company
Document Category Acceptable Documents (only one document per category is needed)
Company’s Statement
  • Confirmation Letter:
    Must state the name, address and exchange on which the owning company is quoted and confirm ownership of the applicant company.

If the shareholder or owner is a private company
Document Category Acceptable Documents (only one document per category is needed)
Company’s Statement
  • Confirmation Letter:
    Must state the name and address of the owning company and confirm ownership of the applicant company.
Proof of Registration
  • Notarized extract from the U.K. Office of the Registrar of Companies (i.e. the “Trade Register”) must be less than six months old;
  • Comparable document from the company's country of origin must be less than six months old.
Proof of Residency
  • Utility Bill:
    Electricity, water, telephone, gas; the bill must be less than six months old and show the account holder’s full name and address. Please note: Bills for cell phone service are not valid proof of residency;
  • Other company document:
    Articles of incorporation, lease agreement which shows the company’s current place of business address.
 

ORGANISATIONS OWNING 20% OR MORE OF A NON- EU/FATF FINANCIAL OR CREDIT INSTITUTION WILL NEED TO PROVIDE DOCUMENTS AS ABOVE UNTIL THE ULTIMATE NATURAL OWNERS (PERSONS) OWNING 20% OR MORE (IF ANY) ARE IDENTIFIED AND THEIR PROOF OF IDENTITY AND RESIDENCY DOCUMENTS HAVE BEEN REQUESTED

 

 

 Back to the top Small Business Applications  


 
Small Business Applicants in Europe
 

What You Need - Funding

 

During the funding step in the account application, you will need to provide us with additional information, which varies depending on the funding method you choose.

 
Funding Method What You Need
Deposit Notifications: Notifications only and do not actually transfer money or positions. If you select one of these deposit methods, you are responsible for initiating the actual transfer of funds.
Wire Transfer
  • Amount of intended deposit;
  • Bank Name;
  • Bank Account Number (optional).
Bank ACH Transfer from Your Bank
  • Amount of intended deposit;
  • Bank Name.
Check
  • Amount of intended deposit;
  • Check Number;
  • Bank Routing Number;
  • Bank Account Number.
Online Bill Payment
  • Amount of intended deposit;
  • Bank Name.
Free of Payment (FOP)
  • Name of Third-Party Bank or Broker;
  • Third-Party Bank or Broker Account Number;
  • Symbol, Number of Shares, and Exchange (optional) of each Stock to transfer;
  • Symbol, Number of Shares, Strike (optional), Put/Call (optional), and Expiration Date (optional) of each Warrant to transfer;
  • CUSIP Number and Aggregate Face Value of each US Bond to transfer.
Instruct PT to contact your bank or broker to transfer funds and/or assets: If you select one of these methods, money and and/or positions are actually transferred.
Automatic Bank ACH Transfer
  • Bank Account Number;
  • Bank Account Type (Checking or Savings);
  • Bank's 9-digit routing number.
Automated Customer Account Transfer Service
  • Name of Third-Party Bank or Broker;
  • Third-Party Bank or Broker Account Number.

In addition, for partial ACATS transfers:

  • Symbol, Number of Shares, and Exchange (optional) of each Stock and/or US Mutual Fund to transfer;
  • Symbol, Number of Shares, Strike (optional), Put/Call (optional), and Expiration Date (optional) of each Warrant to transfer;
  • CUSIP Number and Aggregate Face Value of each US Bond to transfer;
  • Underlying Symbol, Number of Contracts, Position (long or short), Strike, Put or Call, and Expiration Date of each Option to transfer.
Account Transfer on Notification (ATON)
  • Name of Third-Party Bank or Broker;
  • Third-Party Bank or Broker Account Number.

In addition, for partial ATON transfers:

  • Symbol, Number of Shares, and Exchange (optional) of each Stock and/or Canadian Stock to transfer;
  • Symbol, Number of Shares, Strike (optional), Put/Call (optional), and Expiration Date (optional) of each Warrant to transfer;
  • Underlying Symbol, Number of Contracts, Position (long or short), Strike, Put or Call, and Expiration Date of each Option and/or Canadian Option to transfer.
US Futures Asset Transfer

From your Place Trade Account Application:

  • Place Trade Account ID;
  • User Name;
  • Account Title;
  • Address;
  • Social Security Number or Tax ID Number on Account;
  • Email Address.

From the account to be transferred to your Place Trade account:

  • Name of Brokerage Firm Currently Holding Your Account;
  • Address;
  • City/State/Zip;
  • Account Owner Name(s);
  • Account Number.

In addition, for partial transfers:

  • Description and quantity of each asset to be transferred.
European Asset Transfer

From your Place Trade Account Application

  • Place Trade Account ID;
  • User Name;
  • Account Title;
  • Account Type;
  • Address;
  • Social Security Number or Tax ID Number on Account (US residents only).

From the account to be transferred to your Place Trade account:

  • Name of Bank/Brokerage Firm Currently Holding Your Account;
  • Address;
  • City/State/Zip;
  • Name of Contact Person at Bank/Broker;
  • Account Owner Name(s);
  • Account Number.

For partial transfers:

  • Symbol, Description, Quantity, and ISIN number of each asset to be transferred.
Asian Asset Transfer
  • Summary and country of origin/exchange of each asset to transfer.

 Back to the top Small Business Applications  

Other Countries

What you need for:

Application (Other Countries)   Documents (Other Countries)   Funding (Other Countries)
 

What You Need - Application 

For businesses that are located in other countries

In addition to names, addresses and phone numbers, you will need the following information to complete the Small Business Account Application:

 
Partnership, Corporation, Limited Liability Corporation and Unincorporated Business
  • Small Business Tax Identification Number;
  • US Tax Classification (Partnership, Corporation, Disregarded Entity);
  • US Social Security Number or ID number if not a US citizen (Driver's License, Alien Identification Card, Passport or National Identity Card);
  • Controlling Officer name, address, phone number, US Social Security Number or ID number if not a US citizen (Driver's License, Alien Identification Card, Passport or National Identity Card).

If the entity is NOT a U.S. publicly-traded company or registered with a U.S. financial regulatory agency, then for each 10% or greater shareholder:

  • Name;
  • Date of birth;
  • Address;
  • Phone;
  • Country of citizenship or formation if entity;
  • US Social Security Number or ID number if not a US citizen (Driver's License, Alien Identification Card, Passport or National Identity Card).
  • Estimated Net Worth (excluding value of residence);
  • Estimated Liquid Net Worth (excluding value of residence).
  • Annual Net Income;
  • Total Assets;
  • Bank or third-party broker account numbers for funding purposes, plus routing number for check deposits.
 

 Back to the top Small Business Applications  


 
Small Business Applicants in Other Countries
 

What You Need – Documents

 
Australian Partnerships, Associations, Registered Cooperatives, and Government Bodies

Download Certified Copy Certificate

 
  > 
Small Business Applicants in Other Countries
 

What You Need - Funding

 
Funding: Small Business Applicants in Other Countries

During the funding step in the account application, you will need to provide us with additional information, which varies depending on the funding method you choose.

 
Funding Method What You Need
Deposit Notifications: Notifications only and do not actually transfer money or positions. If you select one of these deposit methods, you are responsible for initiating the actual transfer of funds.
Wire Transfer
  • Amount of intended deposit;
  • Bank Name;
  • Bank Account Number (optional).
Bank ACH Transfer from Your Bank
  • Amount of intended deposit;
  • Bank Name.
Check
  • Amount of intended deposit;
  • Check Number;
  • Bank Routing Number;
  • Bank Account Number.
Online Bill Payment
  • Amount of intended deposit;
  • Bank Name.
Free of Payment (FOP)
  • Name of Third-Party Bank or Broker;
  • Third-Party Bank or Broker Account Number;
  • Symbol, Number of Shares, and Exchange (optional) of each Stock to transfer;
  • Symbol, Number of Shares, Strike (optional), Put/Call (optional), and Expiration Date (optional) of each Warrant to transfer;
  • CUSIP Number and Aggregate Face Value of each US Bond to transfer.
Instruct PT to contact your bank or broker to transfer funds and/or assets: If you select one of these methods, money and and/or positions are actually transferred.
Automatic Bank ACH Transfer
  • Bank Account Number;
  • Bank Account Type (Checking or Savings);
  • Bank's 9-digit routing number.
Automated Customer Account Transfer Service
  • Name of Third-Party Bank or Broker;
  • Third-Party Bank or Broker Account Number.

In addition, for partial ACATS transfers:

  • Symbol, Number of Shares, and Exchange (optional) of each Stock and/or US Mutual Fund to transfer;
  • Symbol, Number of Shares, Strike (optional), Put/Call (optional), and Expiration Date (optional) of each Warrant to transfer;
  • CUSIP Number and Aggregate Face Value of each US Bond to transfer;
  • Underlying Symbol, Number of Contracts, Position (long or short), Strike, Put or Call, and Expiration Date of each Option to transfer.
Account Transfer on Notification (ATON)
  • Name of Third-Party Bank or Broker;
  • Third-Party Bank or Broker Account Number.

In addition, for partial ATON transfers:

  • Symbol, Number of Shares, and Exchange (optional) of each Stock and/or Canadian Stock to transfer;
  • Symbol, Number of Shares, Strike (optional), Put/Call (optional), and Expiration Date (optional) of each Warrant to transfer;
  • Underlying Symbol, Number of Contracts, Position (long or short), Strike, Put or Call, and Expiration Date of each Option and/or Canadian Option to transfer.
US Futures Asset Transfer

From your Place Trade Account Application:

  • Place Trade Account ID;
  • User Name;
  • Account Title;
  • Address;
  • Social Security Number or Tax ID Number on Account;
  • Email Address.

From the account to be transferred to your Place Trade account:

  • Name of Brokerage Firm Currently Holding Your Account;
  • Address;
  • City/State/Zip;
  • Account Owner Name(s);
  • Account Number.

In addition, for partial transfers:

  • Description and quantity of each asset to be transferred.
European Asset Transfer

From your Place Trade Account Application

  • Place Trade Account ID;
  • User Name;
  • Account Title;
  • Account Type;
  • Address;
  • Social Security Number or Tax ID Number on Account (US residents only).

From the account to be transferred to your Place Trade account:

  • Name of Bank/Brokerage Firm Currently Holding Your Account;
  • Address;
  • City/State/Zip;
  • Name of Contact Person at Bank/Broker;
  • Account Owner Name(s);
  • Account Number.

For partial transfers:

  • Symbol, Description, Quantity, and ISIN number of each asset to be transferred.
Asian Asset Transfer
  • Summary and country of origin/exchange of each asset to transfer.

 Back to the top Small Business Applications  

s5box


Learn more about retirement planning by visiting some of the links below:

Roth IRA

SEP IRA

SIMPLE IRA

Traditional IRA

Qualified Plans

Rollover IRAs

Find out how Place Trade can help you get the most out of your college planning by visiting some of the links below:


Coverdell ESA

529 College Savings Plans

UGMA/UTMA Accounts