KYC means "know your customer". Understanding global customers and their rights has become increasingly important, especially in various financial institutions to prevent money laundering, identity theft, terrorist activities, information leakage, and financial fraud. At EliteBrokers, we adopt a zero tolerance policy for any type of fraud and take all possible measures to prevent it. We ensure that any fraudulent activity is recorded and all accounts related to the activity are closed. All funds in any form in these accounts will be confiscated.

Safety and prevention

EliteBrokers aims to ensure the security and privacy of sensitive data, including your account information, transactions, and any other personal information in your account.

We are using a large base of advanced security measures, control tools, and fraud prevention processes.

Our goal is to ensure that your account is completely safe during your trading sessions and activity.

Customer definition of our KYC policy

We define customers eligible for our KYC policy as individuals or entities who hold one or more accounts that we maintain on their behalf on our website, and/or conducts business with EliteBrokers. Transaction beneficiaries conduct transactions in accordance with the law, such as professional intermediaries and any individuals or entities associated with financial transactions through our website.

Our KYC policy has the following eight key components:

1. The procedures we use to identify customers
2. Transaction inspection and monitoring
3. Training plan
4. Risk Management
5. Record keeping
6. Internal control system
7. Evaluate KYC policy guidelines through internal inspection and audit systems
8. Responsibilities/Duties and Accountability

EliteBrokers proposed KYC procedure manual

EliteBrokers requires customers to verify their identity by providing documentation such as ID cards, passports, or driver’s license. This helps the company verify whether you are a real person. For all accounts, we need to verify the identities of the following people:

• Customer: You need to provide sufficient evidence to prove that you are the same person you claim.
• The name of the account holder, that is, the owner of the investment and the registered agent
• Any major beneficiary fund owner (25% and above) invests funds but does not actually hold an account or designated investor
• Main account operator or controller
• All parties directly or indirectly involved in account management.
• If there are multiple account holders for an account, all individuals should provide proof of identity. If any of the persons above fails to provide enough satisfactory identification within a reasonable time frame we have the right to immediately suspend their accounts.

EliteBrokers procedures for identification

EliteBrokers is responsible for confirming the identity of any person applying to use the platform by obtaining identification and other relevant documentation from the person. This ensures EliteBrokers deals with real people and prevents fraudulent activities.

Foreign Investors

Foreign customers or customers who may not be able to perform physical verification at our local office or headquarters must provide EliteBrokers with a copy of their international passport or verified national ID.

Documents that We Can Use for Verification process:

• Tax clearance certificate
• Driving license
• National ID card
• Immigration authoritiespermit
• Birth certificate
• Utility bills
• Valid passport
• Electrical registrar to prove the individual lives a provided specific address

If the Investor/customer fails to provide the essential verification documents, or does not provide enough information or quality documents to satisfy our team, EliteBrokers may verify investors through electronic data sources.