OPENING AN ACCOUNT
OPENING AN ACCOUNT
The Brokerage Account opening process and client asset custody is driven by Equiti – Divisa UK in accordance with UK laws and regulations.
Client investment accounts will be setup and enabled for trading at Equiti – Divisa UK upon processing the Account Application Form applied by the client. This process can be submitted online. You will find below all required forms from Equiti – Divisa UK to open your account with them. Equiti link to apply online is this: https://app.myequiti.com/live-account . There you will find the Equiti – Divisa UK Terms & Conditions as well as the forms to open Individual / Joint / Corporate Accounts and subscribe to our Managed Trading Programmes.
Chelton Capital portfolio management services will start once the account is enabled by Equiti – Divisa UK and funded by the client. For this to happen clients sign a Trading Power called Limited Power of Attorney and do enclose it to the Account Application Form package. Such limited Power of Attorney authorises our partner Pairstech Capital Management 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 a Risk Tolerance Questionnaire (for Pairstech conducting suitability tests) 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 Equiti – Divisa UK, Pairstech 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 takes place by sending a notification e-mail to Pairstech’s Customer Support desk and cc us.
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. Read more
Copyright © 2018 Chelton Capital. All rights reserved.
Chelton Capital Limited (FCA FRN 820628) is an appointed representative-introducer of Pairstech Capital Management LLP (FCA FRN 477155) which is authorised and regulated by the Financial Conduct Authority (FCA). Chelton Capital Limited is registered in England and Wales under No: 11493173.