All about Corporate accounts

Axi offers options to open trading accounts under Company, Trust, or Corporate conditions. Please be aware that the application process for these accounts may differ from individual trading accounts.

To start an account application for CySEC the client needs, a CySEC Corporate, please contact your Account Manager directly or contact our Customer Support Team.

What documents do you need to open a Corporate account?

To open a Company, Trust, or Corporate trading account, we are required by law to collect detailed information relating to the prospective account holder(s).

The list of required documents we require a copy of is outlined below.

Entity Type	Required Documents
Corporate	Certificate of Incorporation Company Constitution Copy of the Register of Shareholders, dated within the past 6 months. If the Shareholder Registry is issued by the company itself (and not lodged with their local regulatory body), the Shareholder Registry must then be certified by a Notary Public / Qualified Lawyer. Proof of business address & registered address (copy of bank statement with the company name and address and issued within the last 3 months) Copy of Director/Shareholders' valid passport Directors'/Shareholders' proof of residential address (copy of utility bill or bank statement, issued within the last 3 months) Legal Entity Identifier (LEI) – this is a unique identification code for entities which trade in financial markets Please note: If the client is a Financial Institution trading with third party funds, they will need to complete the Wolfsberg AML (Anti Money Laundering) questionnaire and provide their Internal AML Policy & Procedure. During the application process, we may require additional documentation.
Trust (Corporate)	Trust Registration Signed copy of Trust Deed Company's (trustee) Constitution Copy of the Register of Shareholders, dated within the past 6 months. If the Shareholder Registry is issued by the company itself (and not lodged with their local regulatory body), the Shareholder Registry must then be certified by a Notary Public / Qualified Lawyer. Proof of Company (trustee’s) address (copy of bank statement with the company name and address and issued within the last 3 months) Copy of Director/Shareholders' valid passport Directors'/Shareholders' proof of residential address (copy of utility bill or bank statement, issued within the last 3 months) Legal Entity Identifier (LEI) – this is a unique identification code for entities which trade in financial markets. LEI should be in the trustee’s name. Directors'/Shareholders' TIN or Tax Code. If not available, please specify a reason for not providing a TIN. Please note: If the client is a Financial Institution trading with third party funds, they will need to complete the Wolfsberg AML (Anti Money Laundering) questionnaire and provide their Internal AML Policy & Procedure. During the application process, we may require additional documentation.
Trust (Individual)	Trust Registration Signed copy of the Trust Deed Trustee’s proof of residential address (copy of utility bill or bank statement, issued within the last 3 months) Copy of the Trustee’s valid passport Trustee’s TIN or Tax code. If not available, please specify a reason for not providing a TIN.
Sole Trader	Business Registration Sole Trader’s proof of residential address (copy of utility bill or bank statement, issued within the last 3 months) Copy of the Sole Trader’s valid passport Employment and financial details TIN or Tax code. If not available, please specify a reason for not providing a TIN.

Once all information and supporting documents have been supplied and verified, we aim to process the application and open the account within 3 business days.

IMPORTANT: You must declare shareholders/ultimate beneficial owners who own 25% or more of a Company being named in an application. For further information regarding corporate accounts, please contact our Client Services team.

Important definitions

Legal Entity Identifier Number (LEI)

The Legal Entity Identifier (LEI) is a unique 20-character alpha-numeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO). It connects to key reference information that enables a clear and unique identification of legal entities participating in financial transactions. Each LEI contains information about an entity’s ownership structure and answers the questions of “who is who” and “who owns whom.” To find out more please refer to Introduction to Legal Entity Identifiers.

If you do not have an LEI, please use this link to apply.

If your company does not have an LEI, you may provide a Designated Business Identifier (DBI) or a Business Identifier Code (BIC) as an alternative. Please be aware that the company will need to apply for these documents.

Designated Business Identifier (DBI)

The DBI (also known as AVID) is an eight-digit numerical code that was primarily in use before the creation of the LEI standard. The DBI has limited applications today, although it can still be used in some circumstances.

Business Identifier Code (BIC)

BIC codes are generally (although not exclusively) obtained by counterparties using SWIFT messages for their transactions. Therefore, counterparties which are not part of the SWIFT network are unlikely to have a BIC code, as are certain counterparty types such as funds. The BIC (from SWIFT) format consists of either 8 characters, or 11 characters, and starts with alphabet characters. To find out more about the SWIFT format, please refer to this link.

Bearer Share

A Bearer Share is a share considered owned by the person who owns the certificate, rather than a named person. Axi does not accept Bearer Shares.

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All about Corporate accounts