At Born2trade, we are fully committed to safeguarding the integrity of the financial system. In line with the Financial Intelligence and Anti-Money Laundering Act 2002 and the Financial Intelligence and Anti-Money Laundering Regulations 2018 of Mauritius, we maintain a robust Anti-Money Laundering (AML) and Know Your Customer (KYC) policy.
Individual Account Opening Requirements
To comply with AML and KYC obligations, we must verify your identity before opening a trading account. Clients are required to provide the following documents:
Photo ID
Acceptable forms of identification include:
- A valid Passport (photo and signature page)
- A valid National ID card (front and back)
- A valid Government-issued ID (e.g., State ID)
- A valid Driver's license
The photo ID must clearly display:
- Full name of the applicant
- Date of birth
- Expiry date of the document
- Applicant’s photograph
The Company accepts only clear, full-colour copies of all identification and residence documents. Documents that are cropped, blurred, edited, or submitted in black-and-white will be rejected at the Company’s discretion.
You may also be required to provide your Tax Identification Number (TIN) as part of the registration process.
Proof of Residence
Acceptable documents include:
- Utility bill (electricity, water, gas)
- Bank statement
- Government-issued documents (e.g., tax statements, social/pension letters)
All proof of residence must:
- Be current and not older than 90 days
- Clearly show the applicant’s full name, residential address, and evidence of provision of services
- The issuer's name and logo
Documents not in English may need to be accompanied by a certified English translation.
The Company accepts only clear, full-colour copies of all identification and residence documents. Documents that are cropped, blurred, edited, or submitted in black-and-white will be rejected at the Company’s discretion.
Corporate Account Opening Requirements
For corporate clients, additional documentation is required to verify the company’s information and structure:
- Certificate of Incorporation/Registration
- Business / Operating Licence (if applicable)
- Memorandum and Articles of Association / Constitution
- Certificate and/or Register of Directors, Members, Partners and Shareholders including their ownership percentage and entity share structure.
- Proof of Company’s Registered Address (not older than 90 days) along with proof of principal place of business.
- Resolution of the Board of Directors granting authority to those operating the account.
- Structure chart
- Certificate of Good Standing
- Bank Statement under company’s legal name
- Latest Audited Financial Statement
- Legal Entity Identifier (LEI) number
For Officers and Persons with Significant Control:
- Authorized Individuals – persons officially authorized by the legal entity to operate the account.
- Shareholders & Beneficial Owners – registered shareholders and/or ultimate beneficial owners (UBOs) of the legal entity.
- Directors of the Legal Entity.
Must provide:
- - A valid Photo ID (Passport or National ID)
- - Proof of Residence (Utility Bill, Bank Statement, or Government-issued document) issued within the last 90 days
In cases where the direct, immediate, or principal shareholder of a company is another legal entity, Born2trade will verify the ownership structure and identify the natural persons who are the ultimate beneficial owners and/or who exercise effective control.
The Company accepts only clear, full-colour copies of all identification and residence documents. Documents that are cropped, blurred, edited, or submitted in black-and-white will be rejected at the Company’s discretion.
* For a complete list of acceptable documents, consult our Corporate KYC Guidelines Link.
Account Opening Procedures
Prior to opening an account, Born2trade shall document the identity, nature of business, income, source of assets if applicable, and investment objectives of each prospective customer.
Withdrawals & Transaction Guidelines
- All withdrawals are processed in line with AML regulations, ensuring funds are returned only to the original source account.
- Withdrawal requests must be submitted through the Trading platform or Client Area with accurate account details.
- Requests are verified by the appropriate department, including checks of account balance, deposit method, and account ownership. Once approved, withdrawal requests are processed and funds are released to the verified source account.
- Born2trade neither accepts cash deposits nor disburses cash under any circumstances.
- Born2trade does not accept third-party deposits of any kind.
- We reserve the right to delay processing any withdrawal request that requires further evaluation.
- Born2trade reserves the right to refuse processing any transaction, at any stage if it is suspected to be connected to money laundering or criminal activity. In accordance with international law, Born2trade is not obliged to inform the client if a report of suspicious activity is submitted to the relevant regulatory or legal authorities.
Restricted & Sanctioned Countries
Born2trade complies with international sanctions and does not accept clients from restricted or sanctioned jurisdictions. These restrictions are in place to ensure full compliance with global AML/CTF regulations.
