KYC Policy

KYC (Know Your Customer) POLICY

For the purpose of KYC policy, a customer may be defined as:

  • A person or entity that maintains an account and/or has a business relationship with TPXMarket.com on whose behalf the account is maintained (i.e. the beneficial owner)
  • Beneficiaries of transactions conducted by professional intermediaries, such as stock TPXMarket.com, charted accountants, solicitors etc. as permitted under the Law.
  • Any person or entity connected with a financial transaction, which can pose significant reputation or any other risks to TPXMarket.com, say, a wire transfer or issue of high value demand draft as a single transaction.

KYC policy includes the following eight key elements - customer identification procedures, monitoring of transactions, risk management, training program, internal control system, record keeping, and evaluations of KYC guidelines by internal audit and inspection system, duties / responsibilities and accountability.

An effective KYC program is put in place by TPXMarket.com, establishing appropriate procedure and ensuring their affective implementation. It covers proper management oversight, systems and controls, segregation of duties, training and other related matters. Responsibility is explicitly allocated within the company for ensuring that the company's policies and procedures are implemented effectively.

The nature and extent of due diligence depends on the risk perceived by the TPXMarket.com customer profile. TPXMarket.com internal audit and compliance have an important role in evaluating and ensuring adherence to the KYC policies and procedures. The compliance function provides an independent evaluation TPXMarket.com own policies and procedures, including legal and regulatory requirements. It ensures that the audit machinery is staffed adequately with individuals who are well versed in such policies and procedures. Internal inspectors specifically check and verify the application of KYC procedures at the branched/offices and comment on the lapses observed in this regard.

Please Note:
Trading with forex and/or cfds and/or other financial leveraged instruments incur a high level of risk and can result in the loss of all your capital and may therefore not be suitable for all investors. You should not risk more than you are prepared to lose and before you start trading please ensure you understand the high risks involved, take the level of your experience into consideration and seek independent advice if necessary. Our company does not provide such consultancy services. To read our full risk disclosure statement, please read our websites terms and conditions and risk disclosure. You hereby accept and declare that you are willing to undertake this risk and in no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.