Individual Account Opening Document Requirements

In accordance with the Australian Anti-Money Laundering and Counter Terrorism Financing Act 2006 we are required to verify your identity prior to opening a trading account.

We usually verify your identity with some photo ID and proof of address document/s.

A valid Photo ID:

• Passport
• Government ID, such as a Driver's License or State ID
• National Identity Card

Photo ID must show full name, date of birth, an identification number and must not be expired.

A valid Proof of Address:

The following are acceptable forms of proof of residence:

• A Utility Bill (phone, gas, electricity)
• Bank or Credit Card Statement (photo/scan of a physical letter or PDF of statement)
• Government-Issued Tax Document

All proof of residences must be current and not outdated by more than 90 days, show the full document, clearly display the name and address (no PO Boxes), and show a provision of services such as money owed or paid.

• If you don’t have any of those, contact us so that we can chat to you further. We may accept other documents, such as:
• Birth Certificate
• Certificate of Citizenship

We must be able to understand the language shown on your Photo ID and Proof of Residence. We may require documents provided in languages other than English to be accompanied by an English translation.

AML Policy Details

The AML policy and procedure at IC Markets detailed below is structured around strict guidelines to make sure that funds are securely sent back to their originating source and beneficiary.

• IC Markets monitors funding from various bank accounts outside of the account holder's home country.
• IC Markets performs its actions on the basis of the anti-money laundering framework set forth by the Financial Action Task Force.
• IC Markets neither accepts cash deposits nor disburses cash under any circumstances.
• IC Markets does not accept third-party deposits of any kind.
• IC Markets matches each deposit to the account name on file for that customer.
• IC Markets reserves the right to refuse processing a transaction at any stage where it believes the transaction to be connected in any way to money laundering or criminal activity. In accordance with international law, IC Markets is not obligated to inform the client if suspicious activity is reported to any corresponding regulatory or legal bodies.