your best futures broker

Discussion in 'Index Futures' started by Ironplates, Jul 26, 2022.

  1. why are futures shops asking to see my LLC financials before opening an account? seems like they are taking advantage of KYC a bit too much.
     
    #31     Aug 17, 2022
  2. CannonTrading_Ilan

    CannonTrading_Ilan Sponsor

    Is it a new LLC?
    typically we only require a statement from you about the account balance at the bank and also ask what the source of the funds are but depending on the account application, certain new account dept./ compliance may ask for further info.
     
    #32     Aug 17, 2022
  3. yes it's a new LLC
     
    #33     Aug 17, 2022
  4. Ironbeam

    Ironbeam Sponsor

    Are they asking to see your financials, or just asking you to fill in the standard regulatory requirement things like the entity's income, net worth etc?
     
    #34     Aug 31, 2022