Process

Under the "Know Your Client" rule, we are required to obtain proof of identity in conjunction with the account opening process. Depending on the type of account, country of origin, citizenship and other factors, you may be required to submit additional documents along with your signed and completed account documents. If any of the required documentation is lengthy you email them to our Sales department.

Please fax or email any of the following required documentation that pertains to your account.

Attn: New Accounts
Fax: + 1 512 697 0046
Email: sales@vcapfutures.com

All Account Types

• All account types must provide a copy of their Driver’s License, Passport or government-issued ID. If an entity or trust, all persons with trading authorization must submit proper identification.
• For foreign accounts, a copy of a passport or other government-issued ID, signed Foreign Certification or other documentation showing proof of residency, citizenship or controlling interest in account. If an entity or trust, all persons with trading authorization must submit proper identification.
• If you are employed by a broker/dealer, FCM, bank or insurance company, you will be required to provide a 407 letter (on a company letterhead) from your employer consenting to the account opening.
• If you are self-employed trader, a letter from you stating that you are investing your personal funds and that funds from others will not be deposited in or solicited for the account.
• All persons located in a non-cooperating Financial Action Task Force (FATF) country must provide a copy of a prior year’s tax return, current bank statement or letter of reference from a recognized bank, accounting or law firm.

NOTE: Please be sure to send a clear copy of your current ID along with your application. When faxing a scanned copy of your ID, please make sure that the scan is light and the details are clearly legible (including the picture). Sending in a dark copy of your ID could cause a delay in opening your account.

Foreign Persons & Entities

• All foreign accounts must complete a W-8 Form & Non-US Client Form or Foreign Questionnaire.
• If you are a Canadian Citizen, you must complete a Canadian Non-Solicitation Form.

Corporate Accounts

• Copies of Articles of Incorporation that identifies the officers of the corporation and their authority to act on behalf of the corporation. Only authorized signers may sign the account opening documents on behalf of the corporation. Documents must be in English or be accompanied by a certified translation.
• Documentation confirming the legal status, ownership/business of the entity (i.e. IRS EIN Document – can be requested via fax from the IRS).
• Copy of the entity’s most recent balance sheet.
• A letter on a company letterhead stating that the entity is investing only the entity’s funds and that funds from outside persons or entities will not be deposited in or solicited for the account.
• If the entity will be soliciting outside funds to be deposited in the account, the entity will need to complete a CTA Exemption letter indicating the exemption being claimed.
• IMPORTANT NOTE: The Articles of Incorporation MUST SPECIFICALLY state that the entity may trade in futures, options and/or FOREX instruments. If no such authorization exists, a signed amendment to the Articles of Incorporation stating that the listed control persons have the authority to invest in futures, options and/or FOREX and that such investment does not violate any other provision of the entity. Broad statements are not sufficient (i.e. “securities instruments” or “any legal act”).

Partnership and LLC Accounts

• Copies of the Partnership Agreement or Operating Agreement. These documents must clearly identify the general partners, members and/or other persons authorized to act on behalf of the partnership or LLC. Documents must be in English or be accompanied by a certified translation.
• Copies of the Article of Organization.
• Copy of the most recent balance sheet.
• Documentation confirming the legal status, ownership/business of the entity (i.e. IRS EIN Document – can be requested via fax from the IRS).
• A letter on a company letterhead stating that the entity is investing only the entity’s funds and that funds from outside persons or entities will not be deposited in or solicited for the account.
• If the entity will be soliciting outside funds to be deposited in the account, the entity will need to complete a CTA Exemption letter indicating the exemption being claimed.
• IMPORTANT NOTE: The Partnership Agreement or Operating Agreement MUST SPECIFICALLY state that the entity may trade in futures, options and/or FOREX instruments. If no such authorization exists, a signed amendment to the Partnership Agreement or Operating Agreement stating that the listed control persons have the authority to invest in futures, options and/or FOREX and that such investment does not violate any other provision of the entity. Broad statements are not sufficient (i.e. “securities instruments” or “any legal act”).

Trust Accounts

• Copy of the complete trust agreement that identifies the trustees and clearly states their authority to open the account. All documents must be in English or be accompanied by a certified translation.
• Documentation confirming the legal status and purpose of the trust.
• IMPORTANT NOTE: The Trust Agreement MUST SPECIFICALLY state that the trust may trade in futures, options and/or FOREX instruments. If no such authorization exists, a signed amendment to the trust stating that the trustees have the authority to invest in futures, options and/or FOREX and that such investment does not violate any other provision of the trust. Broad statements are not sufficient (i.e. “securities instruments” or “any legal act”).