Document Checklist

1. MubasherTrade Document Checklist – Individual

UAE Nationals

Account opening form :
Account Opening Form signed by the client

Identification Documents :

  • Original Passport
  • Original Emirates ID (with Photograph)
  • Original Family book

Other Documents :

A BANK STATEMENT (or Account Certificate with the IBAN) that is not older than 3 months

UAE Residents

Account opening form :
Account Opening Form signed by the client

Identification Documents :

  • Original Passport with the Residency
  • Original Emirates ID

Other Documents :

A BANK STATEMENT (or Account Certificate with the IBAN) that is not older than 3 months

Clients Residing Outside UAE

Account opening form :
Account Opening Form signed by the client

Identification Documents :

  • Copy of Passport – Notarized by Notary public
  • Copy of any other ID (with photograph)
  • Proof of signature from a bank – Notarized by Notary public

Other Documents

A BANK STATEMENT (or Account Certificate with the IBAN) that is not older than 3 months

Notes:

  • In case if the Customer is NOT in the UAE and wishes to submit the documents, the required documents will have to be notarized and sent to Mubasher

2. MubasherTrade Document Checklist – Corporate

Requirements

  • DUTrade corp. application form
  • Certificate of incorporation and/or certificate of commercial registration or trust deed.
  • Memorandum of Association (object clause should not restrict investments in financial instruments) and Articles of Association.
  • Board resolution authorizing the appointment of MFS and authorizing an individual within the Company to open and complete documentation with MFS.
  • List of authorized signatories and specimen signatures (authorization for trades and request for funds withdrawal) or a POA favoring a person authorized to provide instructions on behalf of the client.
  • Identification documentation of the authorised signatories of the account.
  • Copy of the latest financial report and accounts, audited where possible or Board certified copies of the un-audited financial report and accounts. (Two years financials if margin or DVP limit is to be provided to the client alongwith completing the trading limit form otherwise not applicable)

Attestation of the Copies

  • The copies of the above mentioned documents are required to verify your application information and have to be certified by one of the following members from a GCC or FATF member state
  • The photocopies of all of the above should be certified as true copy by the Head of Compliance / Legal of the client or alternatively by the authorized signatory and confirmed original verified by the MFS employee. Further customer must sign the DU Trade terms of business as applicable to Corporate clients. In case of non face to face client the below would apply.
    • A lawyer
    • A notary
    • A chartered / certified accountant
    • An official of a government ministry
    • An official of an embassy or consulate or
    • An official of another licensed financial institution or of its associate