Welcome to our new section fully dedicated to Broker listings. Finding a broker is not a difficult task but finding a very good broker is quiet difficult. Hence we've put together a continuous concise list of Brokers with the best information about them. Also we strongly recommend personal due diligent checks on any broker before registering with them.


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HotForex. Regulated by Cysec MiFid Compliant, FCA (UK), Bafin Germany, ACP (France) Bourse (Africa), FSC. Category 1 Global Business No. C110008214 License. Headquarters in Mauritius. Operating for more than 5 Years.

HotForex User Review
STP Micro, Premium, Zero Spread, VIP, Islamic, FIX, Currenex, PAMM, Social, Auto Micro - $5
Premium - $500,
Zero - $100 Currenex - $500
FIX - $500 VIP - $20,000 / €18,500 Auto - $500 Social - $100 PAMM - $500
MT4, MT4 Multi terminal, iOS, Andord, Web Terminal, FIX/API Debit/Credit cards, Bank wire, Web Money, Netteller, Skrill, Fasapay, Union Pay, Paysafe From 1:100 to 1:1000 Forex, Metals & Energies, Shares, Commodity CFDs, Binary Options Tight Spreads from as low as 0.2* (EURUSD)
Flexible leverage up to 1:1000
EAs, Scalping, and Hedging allowed. Client funds are kept in segregated accounts. Accepted Clients, Bonus, Promotions...

More Info
HotForex Special Accounts/Bonus Offerings:

100% credit Bonus - This bonus increases the trading volume of a client's accounts. If all requirements of this Trading Bonus program are met, the bonus sum placed in your account can be withdrawn without any limitations or restrictions.

100% SuperCharged Bonus - Allows you to simultaneously increase your account leverage and earn generous cash rebates on your trading activity. The minimum deposit is just $250 and you can get bonuses of up to $50,000!

30% rescue Bonus - This is designed for traders who want to protect accounts from periods of drawdown. This Bonus can be lost without limitations and also used as margin. It's available for a limited time.

HotForex Zero Spread Account is an accessible, low-cost trading solution that is suitable for all traders, but is particularly useful for scalpers, News Traders, high-volume traders and those who trade with Expert Advisors (EAs). It provides the opportunity to trade on Interbank Spreads where you receive RAW, Super-Tight Spreads from leading liquidity providers with NO markups! The account offers a highly transparent commission-based structure and commissions start at a low USD 0.04 per 1K lot. See More Info - HotForex Zero Spread Account

The HotForex Social Account instantly connects you with over 250k+ traders. You can check any portfolio, EA result and news. Follow any trader(s) of your choice and simply copy the successful ones. See More Info HotForex Social Account
Broker Broker Type Acct. Type Min Deposit Platform Payment-Withdrawal Leverage Instruments Others
MTrading. Regulated by Belize IFSC. Headquarters in Belize, Suite 5, Garden City Plaza, Mountainview Boulevard, City of Belmopan.

MTrading User Review
ECN M.Standard, M.Pro, M.MACI, M.MACM All account deposits are flexible MT4, MT4 Supreme Edition, MT4 Web Trader Local bank deposit & withdrawal ** Nigeria (GTBank & Zenith Bank), Bank Wire, Visa, Master Card, Nettler 1:1000 - 1:200
1:100 to 1:20 (EURCHF)
Forex, Commodities, Indices, Stocks, Precious Metals Client funds are kept in a Segregated Account separate from the assets of the Broker. MTrading operates a No Dealing Desk Model, which gives clients the opportunity to enjoy the best prices, minimal slippage, and lightning-speed execution for their trades. For information on other features of MTrading please click more info. More Info
MTrading offers investors a platform for investing their funds with experienced traders and then make profits. These platforms include:

MACI – short for Multi Account Copier for Investors – is a service that allows investors to profit by copying the orders of experienced traders. The MAC-Investor is the account for signal receivers. They can choose from a range of managers and select the one whose signals they want to receive and copy. When an investor connects to a manager, the manager’s orders will automatically be copied into the investor’s account. The investor pays the manager a compensations for using the signals.

MAMI – Multi Account Management for Investors – is a service that allows investors to profit without trading on their own. Manager opens a MAM-Manager account. After that manager creates a proposal for the potential Investors where terms of cooperation are defined including the amount of remuneration investors will be charged – profit fee and volume fee.

Investor opens a MAM-Investor account and connects to a manager. By doing that investor puts this account under the control of the manager trusting manager to perform trades with his funds. Manager trades on financial market using all investors’ accounts connected to him. All the profits are divided among investors according to their shares in combined account. Investor pays manager a compensation for using the service.

For more informtion on MTrading services please visit website - MTrading


XM - Trading Point Holdings Ltd. Regulated by CySec, ASIC, FCA, BaFin, FIN, e.t.c.. Headquarters in Cyprus with strategic locations in Hungary & Greece. Founded in 2009.

XM User Review
Market Maker Micro, Standard, XM Zero Spread Micro - $5
Standard - $5
Zero - $10
MT4, MT4 Multi terminal, iOS, Andord, Web Terminal, FX Arena Contest Debit/Credit cards, Bank wire, Web Money, Netteller, Skrill, QIWI, Diners Club Intl. Fasapay, Giro pay, Union Pay, Paysafe, Przelewey24, SOFORT Banking From 1:1 to 888:1 Forex, Metals & Energies, Commodity CFDs, Equity Indicies XM recently introduced Zero Spread Account. XM offers a range of over 60 currency pairs, precious metals, energies and equity indices with the most competitive spreads and with the legendary no re-quotes execution of XM. $0.00 Fees on Deposits or Withdrawals. Click more info to see new interesting features on XM. More Info
Trading on FOREX, PRECIOUS METALS (including GOLD, SILVER), ENERGIES (including CRUDE OIL), and EQUITY INDICES is provided

- with a MINIMUM DEPOSIT as low as USD 5
- with the option to OPEN MORE THAN 1 ACCOUNT
- with NEGATIVE BALANCE protection
- TIGHT SPREADS as low as 0 PIP
- MULTIPLE TRADING PLATFORMS accessible from 1 account for speedy trading mobility
- REAL-TIME MARKET EXECUTION: 99.35 of orders executed in less than 1 sec.
- ACCOUNT FUNDING 100% automatic and instantly processed 24/7
- Nonstop bonus promotions
- FREE, UNLIMITED DEMO ACCOUNTS with USD 100,000 virtual funds and full access to MULTIPLE TRADING PLATFORMS
- Professional TRADING SIGNALS twice a day

Close Regulated by Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Services Board (FSB) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475 and has an established branch in the UK. FT Global Limited is regulated by the International Financial Services Commission of Belize with License numbers IFSC/60/345/TS and IFSC/60/345/APM.

FXTM User Review
ECN ECN, ECN Zero, Strategy Accout, FXTM ECN MT5, FXTM Pro, Standard Account, Cent Account, Shares Account ECN/ECN MT5 - $/€/£ 500, ₦20,000
ECN Zero - $/€/£ 200, ₦20,000 Strategy - $/€/£ 100 FXTM Pro - $/€/£ 25,000,
₦5,000,000 Standard - $/€/£ 100 , ₦20,000*
Cent - $/€/£ 5, ₦1 0001
Shares -
$/€/£ 100, ₦20,000
MT4, MT5, Webtrader, Multi-terminal Cards - 
Visa, Master, Maestro, China Union
Local - PayFasaPay, Nigeria Local Wire Transfer, Indonesian Local Transfer, Vietnamese Local Transfer, Online Banking Thailand,  E-Wallets-Neteller, Skrill, WebMoney, PayZa, OKPay, DixiPay,WeChat, Perfect Money, e.t.c
1:25 - 1:1000 Forex, CFDs (Commodities, Indices), Metals, Shares CFDs FXTM is the first Broker to introduce the Naira Trading Account on MT4 & MT5, available to only Nigerian Clients. The FXTM brand was initially launched in 2011 with a unique vision to provide unparalleled superior trading conditions, advanced education and state-of-the-art trading tools in the Forex industry. With about 17 industry awards/honors, they've proven to be one of the fastest growing Brokers in innovation, and client performance. More Info

FXTM has a broad variety of investment options for investors to invest their funds with experienced traders, strategy managers, signal services, and then make profits.

Strategy Investment Option – This option provides an opportunity for investors (Traders) who lack knowledge of the financial market to subscribe to a strategy manager manages the funds and then a certian percentage is paid as fees. The trader or investor relaxes while the strategy manager handles the trading affairs.

PAMM Investment Option – PAMM is perfect for traders who see the potential of investing in forex but lack the time or technical skills to do so. Your investment will be managed by the FXTM Portfolio Management Department where experts with the necessary experience and expertise will help achieve your goals. Portfolios are chosen through a selection of carefully evaluated traders with consistently successful trading strategies.

FXTM has varieties of promotions for seasoned and new traders, so all you have to do is choose the one which suits you best and claim it.

The FXTM Loyalty Cashback
FXTM Loyalty Cashback rewards you in real, withdrawable cash rebates - not rewards points or virtual credit - for every lot you trade and up to 6 months! Gear up through five rebate levels; the higher the level, the bigger the rebates!

$4 for Every Lot You Trade
This promotion enables clients who switches from their Broker to FXTM due to unpleasant or turbulent events to earn $4 back for every lot they trade.

*Applicable only to new clients switching from another broker.

Partnership Programs
Partnership programs are available for Introducing Brokers, Affiliates, and Refer a Friend Scheme.

For more information on the services of FXTM please visit website - Forex Time Broker

Pepperstone Group Limited
. Regulated by ASIC in Australia. Offices in Dallas, Shanghai, & London. Operating for more than 7 Years

Pepperstone User Review
ECN Razor account and Standard account 200 AUD
or equivalent
MT4, MT5, cTrader, Android, Web Trader, iPhone, cTrader Algo, cTrader Mobile Debit/Credit cards, Bank wire, Paypal, Netteller, Skrill, POLi, BPay, China Union Pay, Fasapay, Broker to Broker etc. From 1:1 to 500:1 CFDs, Forex Institutional & variable Spreads. platforms. 58 currency pairs, 10 commodities, 13 indices
More Info
Pepperstone Group is an execution-only forex and CFD broker that provides trading solutions sophisticated enough for veteran traders, yet simple enough for the forex novice.

Pepperstone offers direct access to multiple destinations of liquidity in the forex markets without the usual burdens of a deal desk that had previously been unavailable to the retail investor.

Spreads on our MetaTrader 4 platform are variable, with quotes coming from as many as 22 Major Banks and Electronic Crossing Networks.

IC Markets
Regulated by ASIC in Australia and holds a financial services licence 335692. Hqrts is at Sydney, Australia. Operating for over 9 Years

ICMarket User Review
ECN Standard, STP, True ECN, cTrader ECN MT4 - $200
cTrader - $1000.00
See more info for further details on withdrawals & charges
MT4, cTrader Bank Wire,
Credit/Debit Card, Neteller Poli, Skrill/ Moneybookers,
Bpay, Broker to Broker transfer,
China Union Pay, Local Bank Transfer (Outside Australia),
Branch Cash Deposit (Australia Only)
From 1:1 to 1:500 CFDs, Forex IC Markets offers some of the tightest spreads up to 0.1pips for EUR/USD. 56 currency pairs and 4 metals are available on both platforms. Average execution speed is around 150 milliseconds. Client funds are kept in segregated accounts
More Info
Online CFD and futures based indices are offered on both IC Markets MetaTrader 4 and cTrader Platforms. IC Markets offers variable spreads on their MetaTrader 4 and cTrader forex trading platforms. With true ECN connectivity they offer market leading spreads in each of their platforms. Over 50 different banks and dark pool liquidity sources are pricing into their ECN at any given time to ensure their spreads remain tight and liquidity deep 24/5. Client funds are held in client segregated trust accounts at National Australia Bank (NAB) and Westpac Banking Corporation(Westpac), both are top-tier Australian Banks. IC Markets complies with the Australian Client Money Handling Rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. IC Markets holds client money separately to company funds and does not use these funds for any purpose other than to facilitate clients trading activity. Charges: Credit/Debit Card = no fees Skrill (Moneybookers) = All Skrill deposits will incur a 2.7% fee. Neteller = Neteller deposits will incur a 2.7 % fee Wire Transfer / Bank Transfer = IC Markets does not apply any fees or charges to funds received to our Client Trust Account. However please confirm with your bank (sender) if any fees and charges apply for the transfer. Local Bank Transfer (outside Australia) = There are no fees charged for incoming wire transfers processed by Global Collect using our network of 59 different banks globally. Webmoney = All Webmoney deposits will incur a 3% fee. Bpay = There are no fees charged for Bpay deposits. AUD only. POLi = Fee free instant method for funding. AUD only. China Union Pay = All China Union pay deposits will incur a 3.5% fee. Broker to Broker transfer = There are no fees charged for incoming Broker to Broker transfers. Fasapay = The are no fees charged for Fasapay Deposits. Close
FinFX Regulated by CySec. Headquarters is at Limassol, Cyprus. FinFX has been operating for over 5 Years

FinFX User Review
Mobile Android
Bank Wire, Credit Cards, Skrill Micro Acct uo to 1:200, ECN/ECN Pro up to 1:100 CFDs, Forex 44 available currency pairs. No ongoing bonus
More Info
FinFx brand, and are brands and domain names operated by Best Choice FBC ltd, a Cyprus Investment Firm regulated by the Cyprus Securities and Exchange Commission (CySEC) under license # 234/14. and are operated in accordance with MiFID of the European Union. Best Choice FBC limited is a member of the investor compensation fund in Cyprus. Clients’ accounts are protected under certain regulatory conditions up to 20.000 euros per clients. Close 
NewForex - Regulated by FSC & BVI
Headquarters at UK, Russia, China, & UAE. Operating since 2014.

NewForex User Review
Market Maker Micro $1.00 or €1.00 MT4 Visa, Mastercard, Webmoney, Skrill, Qiwi, Neteller, PayCo. 1:100 - 1:1000 CFDs, Forex, Commodities Fixed spread with 32 currency pairs. 50USD no deposit bonus, +30% on deposit
Exness - Regulated by CySEC (Exness Limited and Exness (CY) Ltd; Limassol, Cyprus; 8 years in operation)

Exness User Review
ECN, Market Maker Cent (equivalent of micro), Mini, Classic, ECN $1 MT4, MT5, Webterminal Credit & Debit cards, bankwire, Skrill, NETELLER, China Union Pay, & some 30 more systems. 1:2000 CFDs, Forex. Metals Fixed and floating (floating: Cent and Mini spreads from 0.3 pip, Classic spreads from 0.1, ECN - from 0.0)

ThinkMarket - Regulated by FCA in UK and ASIC in Australia. Headquarters in Melbourne, Australia, and European Headquarters in the UK. Other support offices in UAE, China and LATAM.

ThinkMarkets User Review
STP Standard, Pro, VIP accounts $250 for a Standard account. $2,000 for a Pro account & $25,000 for VIP account MT4 Credit/Debit Card, Bank Wire, Fasapay, Global Collect, BPay, UnionPay, Netbanks, Neteller and Skrill. 500:1 for FX,
100:1 for Indices
100:1 for Energy
500:1 for Metals
Forex and CFDs (Indices, Energy and Metals). For information on Spreads, Contract Size, Currency Pairs, Bonus & Others please see more info.
More Info
19 currency pairs are available for Standard, and 19 currency pairs are available for Pro & VIP. In order to suitable manage risk and exposure, ThinkForex may take on the risk of client trades and positions by executing trades directly, or pass trades direct to a liquidity provider, using a Straight Through Processing (STP) arrangement.

ThinkMarket does not not offer fixed spread. See spread details below:
- FX: As low as 0.8 pips for Standard account / As low as 0.0 for Pro and VIP accounts
- Metals: As low as 20 Cents for Standard account / As low as 10 Cents for Pro and VIP accounts
- CFD: As low as 0.05 Points for Standard account / As low as 0.01 Point for Pro and VIP accounts.

We do not offer any bonus. Educational resources are available in forms of
- Webinars for clients
- Market analysis every day by our experienced market analyst


Who Are Brokers
A broker is an individual or firm that provides transactions between a buyer and a seller for a commission after the transaction is completed. Such commissions comes in form of spreads i.e. (difference between BID Price and ASK Price). Please note that some Brokers are actually representatives of the real Broker. They are known as IBs (Introducing Broker) and White Labels.  go back up

What Is The Difference Between MT4 & MT5
The main difference between both platforms is that MT4 is purely designed with MQL Code (a special proprietary programming language), while MT5 is designed with Object Oriented Programming Language like C++). The programming language used to build MT5 restricts MT4 resources (EA, Indicators) from being used in MT5 and vice versa. For further information read our article on Differences Between MT4 and MT5  go back up

What Makes ECN Brokers Better Than The Others
ECN (Electronic Communications Network) is like an open tunnel giving traders direct access to liquidity providers. In otherwords you get raw prices of currencies. Apparently the generic MT4 platform lacks the ability to get direct access to the ECN pool of liquidity providers. Therefore ECN Brokers utilizes or integrates a mechanism (bridge technology) into the generic MT4 platform that enables access for ECN transactions. Some examples of special trading platforms that allows ECN trading are Currenex, Integral Power Trader, MT4 ECN, cTrader, cAlgo, e.t.c.  

Unfortunately the cost in commissions per trade, and minimum capital required to open an ECN account makes it difficult for retail traders to open an ECN Account. This is why most retail traders opt for STP Brokers since their operations is quite similar with the ECN Technology and are much affordable

The following unique features makes the ECN option much better others platforms 
  1. Competitive spreads and true Five (5) digits precision pricing
  2. Direct liquidity from inter bank rates (manipulation of price is almost zeroed out) 
  3. Lesser requote problems since there are various levels of price offered to choose from.
  4. Very good level of protection from mischievous brokers, banks, or any middle intermediary. Orders (Pending, OCO, Stops, e.t.c.) are almost invisible to them during initialization and until it is filled. 
  5. Trading the news trading is much safer and better with an ECN account due to spread widening on other account types. STP accounts are also safe.
  6. Another good thing is that EAs, Indicators, and other systems works perfectly in an ECN system. 
  7. Scalping is at its best with an ECN Account 
  8. A larger number of liquidity providers  
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STP Brokers - (A Better Alternative)
An STP Broker otherwise known as Straight Through Processing Broker is like a middle man between you and the liquidity provider who takes your order and pass on to the liquidity provider. They are much better and safer than the Market Maker Broker since there is no dealing desk involved in the transaction right from the placement of the order till the order is filled.

However it is not all STP Brokers that really operates the true STP. The following attributes will help us to know the kind of STP Brokers we are dealing with.
  • There are STP Brokers who actually pass your orders directly to the market (liquidity provider). This is most often called Market Execution or Instant Execution
  • There are STP Brokers who rather fill your orders by themselves and then settle the differences or offset the orders at a later time with the liquidity providers.
  • There are also some STP Brokers who receive your order and pass it on to the parent broker. Examples are Introducing Brokers who have been given the license to process Forex transaction on behalf of the parent broker.
The following characteristics will also help us to choose a better STP Broker 
  1. The kind or type of order execution: Some STP Brokers process client order either instantly or through the market. That is if the order is processed instantly then it means that the order gets filled by the Broker and not the value from the market. In this case the client might not get what obtains in the market if the Broker does not offset the difference with the liquidity provider. But for market execution, the STP Broker sends the order directly to the market where it gets matched with the prices available from the liquidity providers. This is more transparent. 
  2. The number of liquidity providers accessible by the STP Broker: Not all STP Brokers have a large pool of liquidity providers (banks, brokers, hedge funds, e.t.c.). This can hinder the opportunity to select a variety of BID/ASK prices, which enables flexible spreads. Where you have fewer liquidity providers then its very likely to have little chances of better price offers.
  3. What spread is offered: As we know spreads can be at a fixed rate or varies according to account type being offered by the Broker.  Most STP Brokers offer both types of spread (fixed and variable). However we need to look deep at the breakdown of the type of fixed or variable spread attached to an account type. If the STP broker offers a fixed spread then it is likely they match the price with their internal price pool and not directly from the liquidity provider. Then they offer other features to cushion to effect of the spread. A variable spread offer is the best since in such case price is matched with the pool of BID/ASK prices from several liquidity provider and then the best offer is taken by the Broker and passed on to the client. Also a ZeroSpread offer would be very good as well but might require certain conditions to enable the STP Broker break even. 
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Market Makers
A market maker is a Broker or firm that quotes both BID/ASK price i.e. (BUY/SELL price) of a commodity (currency) in anticipation of making a profit from the spread gotten from the difference in the BID/ASK price. Unfortunately there seem to be a lot of issues with MMs due to easy access to manipulate prices since your orders do not get directly to the market per-say but the prices being offered by the MM Broker. 
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Bitcoin Brokerage
Bitcoin is an electronic currency type or virtual currency. It was adopted and accepted as a currency instrument which can be used as an exchange. Bitcoin Brokers are firms that allow Bitcoin trading through special platforms. Apparently they are not accepted in some countries but most countries do accept them as a means of deposit and withdrawals. You can visit for more information about bitcoin.
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What Is A Cent Account 
Just as the name implies it's an account held in "cents". It was initially designed as a means for beginners to test Forex trading with very little funds before using considerable large sums of money. Lot sizes could go as 0.0001 for a standard lot size. 
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What Is A Zero Spread Account
A Zero Spread account is an account with special spreads as low as 0.0 to 0.1, 0.2, 0.3 for some major currency pairs. Some Brokers call it Tight Spreads but it's quiet different from that. Commissions are paid in some cases to meet the gap incurred by the Broker. For example HotForex Broker offers a an account of this type with friendly conditions for news trading and scalping. Zero Spread accounts are ideal for scalping and news trading.
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All About DMA Brokers
DMA means Direct Market Access. The system is more like an STP and ECN system but with a little difference in that almost all ECN Brokers operate full DMA while only a considerable number of STP Brokers operate DMA. The DMA system allows traders to get direct access to the physical market, which gives them the ability to get raw prices. Issues of requotes usually occur for STP Brokers who do not operate the DMA system. What happens is that during the time the STP Broker fills the order by himself, and then goes back to the liquidity provider to match it (hedging), price might have changed at the liquidity end thereby flagging a requote error message. But for an STP Broker who operates DMA system, orders are sent directly to the market (liquidity provider) where the trader gets the best filled price from the liquidity provider. In this case there are far lesser issues of requotes. However the capacity of the Broker's resources and the connection speed of the trader's system (platform/computer) can also hinder getting the actual price being quoted.

In summary a DMA Broker will offer better services when it comes to order transactions. It is a known fact that STP Brokers who operate full DMA have lesser commission cost compared to ECN Brokers.
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CFD Brokers
CFD which means Contract For Difference is an investment instrument offered by Brokers. They are like derivatives products that allow traders to make transactions of assets without owning the instrument on which the contract is based. CFD operates more on speculations. Some Brokers offer leverages that enables traders to buy contracts that are higher in size compared to the balance on the trader's account.
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Regular Documents Required To Open Live Account
The information below is only a general requirement. It may vary according to extant laws applicable in the Broker/Individual country.

Individual Account
  1. ID (Passport or Government issued ID card with a clear photo, Drivers license, )
  2. Proof of Address (POA) - a bank statement or utility bill not older than 3 months, containing the address used in the registration form.
  3. **Social security or IRS tax ID Number
  4. Employment information (net worth, annual income, investment worth, e.t.c.) 
 Corporate Account/Legal Entities
  1. Registration documents (certificate of incorporation/registration, memorandum, articles of association, etc.) registered with all the changes, additions and confirmations of the appointment of the person(s) entitled to act on behalf of the legal entity.
  2. Passport or government-issued ID card with photo for the person acting on behalf of the legal entity.
  3. Documents confirming the ownership structure of the legal entity, which must also include personal details of all ultimate beneficial owners. 
  4. Recent utility bill confirming the place of business or bank statements to confirm the place of residence or business conduct of the client. Such bills not be older than 60 days.
  5. Notarised power of attorney for representation, where it may apply as well as notarised and translated copies of any additional documents that were initially requested for compliance purposes. go back up