ACCOUNT OPENING PROCESS / How to open an account
OPENING AN ACCOUNT
The Brokerage Account opening process and client asset custody is driven by the Broker in accordance with applicable laws and regulations of the broker’s jurisdiction.
Client investment accounts will be setup and enabled for trading at the Broker upon processing the Account Application Form applied by the client. This process can be submitted online. You will find HERE all required forms from the Broker to open your account with them. You will also find the Broker’s Terms & Conditions, as well as the forms to subscribe to our Managed Trading Programmes.
Chelton Wealth portfolio management services will start once the account is enabled by the Broker and funded by the client. For this to happen, the client needs to sign a Trading Power called Limited Power of Attorney and enclose it with the Account Application Form package. Such limited Power of Attorney authorises Chelton Wealth to exclusively trade on client’s behalf (with no access to cash transactions at any time).
Important to note that in no event will anyone have access to client’s capital nor to withdraw or deposit funds into client’s accounts. The ownership of the assets solely and exclusively belongs to the client who is the Account Holder.
In addition to the above, you will have to fill out a Risk Tolerance Questionnaire (for Chelton Wealth conducting suitability test) and sign an Investment Agreement which states the manner in which your investment will be handled.
Once all documents are signed and you have deposited your funds with the Broker, Chelton Wealth will activate the relevant trading algorithms and commence trading your funds via the designated MAM accounts.
TRADING POWER REVOCATION AND ACCOUNT CLOSING
The client may revoke the limited power of attorney at any time should they wish so.
The procedure for closing an account is the usual for all Brokerage Houses and is as easy as sending a notification e-mail to Chelton Wealth’s Customer Support desk.
Risk Disclosure: Trading the financial markets on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to open a trading account, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading financial instruments, and seek advice from an independent financial advisor if you have any doubts.
Chelton Wealth will not accept any US, Australian or Canadian residents with following exceptions: US: those clients that qualify as an ECP (Eligible Contract Participant); Australia: those clients that are defined as “wholesale clients” under the Corporations Act 2001; Canada: those clients who meet the “Permitted Client” criteria.
Under no circumstances will Chelton Wealth accept any clients from the following restricted jurisdictions: Belarus, Burma (Myanmar), Côte d’Ivoire, DR of Congo, Ethiopia, Iran, Iraq, Japan, Liberia, North Korea, Sierra Leone, Sri Lanka, Sudan, Syria, Yemen and Zimbabwe.