AML Requirements

Anti-Money Laundering Requirements

BitTraderX LTD collects and verifies the personal identification data of our account holders, while documenting and tracking itemised statements of all the transactions that are carried out by our clients. Prior to opening an account with BitTraderX LTD a valid form of government-issued identification (Driver’s License, State ID, or Passport), a proof of residence, and bank account information is required, along with your completed account application. Additionally, BitTraderX LTD tracks all suspicious transactions of our clients, and transactions executed under non-standard trading conditions.

BitTraderX LTD AML Policies

  • Client funds are held in separate, segregated accounts that are designated only for client deposits and withdrawals.
  • Funding methods other than Bank Wire are limited to withdrawal sizes no larger than that of funds deposited for that funding method.
  • Monitors funding from various bank accounts outside of the account holder’s home UK.
  • Neither accepts cash deposits nor disburses cash under any circumstances.
  • Does not accept third-party deposits of any kind.
  • Matches each deposit to the account name on file for that customer.

BitTraderX LTD reserves the right to refuse processing a transaction at any stage where it believes the transaction to be connected in any way to money laundering or criminal activity. In accordance with international law, Bitgordo LTD is not obligated to inform the client if suspicious activity is reported to any corresponding regulatory or legal bodies.

Account Opening Procedures

Prior to opening an account, BitTraderX LTD shall document the identity, nature of business, income, source of assets, and investment objectives of each prospective customer.

While we welcome clients from all over the globe, governmental restrictions along with our company policies prohibit BitTraderX LTD from opening accounts originating from restricted and/or OFAC sanctioned countries.

Account Opening Requirements

Photo ID – The following are acceptable forms of photo identification

  1. A valid Passport
  2. A valid National Identity Card

Linked Photo – We will need you to provide us with a photo of yourself holding the ID document you have provided us.

Proof of Residence – The following are acceptable forms of proof or residence

A utility or phone bill, or a bank statement containing your current address

All proof of residences must be current and no older than 180 days

Bank Account Requirements

BitTraderX LTD account holders must have a valid bank or credit card account in their name. The bank statement should show their name and the same registered address as their application