Your Account

What is an Everyday (restricted) investor?

The different KYC status’s are as follows:

1. Unverified – your KYC status will be marked as unverified until you have uploaded the relevant KYC documentation
2. Pending Verification – your KYC status will be marked as pending as soon as you have uploaded all the relevant KYC documentation KYC Ready – your KYC status will be marked as ready once we have reviewed the documentation you have uploaded and we are ready to submit this to our KYC provider
3. Approved – if all the uploaded documentation is correct you will be marked as KYC approved
4. Unable to Verify – if we were not able to verify the documentation you uploaded then you will be marked as unable to verify and you will need to resubmit the correct documentation

What is an Everyday (restricted) investor?

These are casual investors or first time investors. The specific definition is an investor who has not invested (and will not invest) more than 10% of their net assets per year in shares, bonds, fund or other investments that are not listed on a stock exchange.

What is a High Net Worth Investor?

A High Net Worth Individual (HNWI) is an individual who has self-certified that they had, during the financial year immediately preceding the date in question, an annual income to the value of $120,000 or more; or they held, throughout the financial year immediately preceding the date in question, net assets to the value of $300,000 or more.

What is a Self Certified Sophisticated investor?

These are experienced investors who understand the risks in investments. The technical definition is an individual who has been an angel investor for at least the last six months, or for at least the last two years has made at least one investment in an unlisted company, has worked in private equity or corporate finance and/or has been a director of a company with an annual turnover of at least $1.2 million.

Why do we need to know what kind of investor you are?

Many countries regulate what kind of investments can be made available to investors. The regulations are there to protect you, the investor. For investors with a lot of experience and money, regulatory authorities allows companies to make a much wider range of products with different types of risk available. For investors with less experience and money, rules are in place to protect the investor, limiting the type of investments that can be made available. In order to make sure we are following the rules set out by regulating authorities in different countries for different investors, we need to know what kind of investor you are. This is a requirement placed on us by these regulating authorities.

Why do you need my bank details?

We need your bank details to help us protect your money. When accepting money from you, or paying money to you, we are required by law to make sure it is really your money, and that we are paying it to the right account. We use the documents you have provided to identify yourself to make sure your bank account is in the same name.

Why do you need my personal information?

Before we are able to accept your money, we are required by law to be able to identify you. We need to be sure you are who say you are. Know Your Client (KYC) laws have been put in place globally to prevent money laundering activities. This information further helps us make sure we are looking after your money in a secure environment.