Prior to dealing in the futures market investors must open an account through a private client futures licensee. Opening a futures account  (Client Agreement Form) is similar to opening an account with a share broker because both licensees are regulated by the ASIC. You will also receive a copy of our Financial Services Guide and Product Disclosure Statement.

Your Adviser

In Australia, all futures dealers must be licensed by the ASIC. Further to this, all employees of Financial Services Licensees who deal and advise in futures contracts must hold authorised representative’s status. Therefore, when an investor opens an account with us, the person they deal with will be authorised. The adviser is the person with whom the investor will place the buy and sell orders and who are legally allowed to give advice on trading.

Minimum Account Size

The minimum account balance that most brokers will usually insist upon is $10 000. However this amount can be lower depending on the type of contracts traded and type of strategies used. The more capital you choose to allocate to futures trading, the more you can diversify into different markets and different trading strategies.

Brokerage Fees

The fees are competitive and are negotiated with your adviser.

Requirements to Open an Account

q       Complete and sign the two Client Agreement Forms.

q       Arrange appropriate Identification Requirements.

¨       Supply photocopies of 2 forms of identification for all account holders;

1.       Photo identification – eg Drivers licence, passport.

2.       Identification confirming current address, eg recent utility bill.

¨       Partnerships require a Partnership Agreement.

¨       Company accounts require a Form 316 or form 480 (found attached to the annual report).

¨       Superannuation Funds and Trusts require a copy of the Trust schedule prior to opening your account.

q       Fax or Post the completed Investment Profile, Agreement Forms and Identification.

¨       Forms can be faxed through to Accounts Department to expedite the Account opening process.

Fax: 08 9325 1411

¨     All original forms must be forwarded to the PO Box address;

PO Box Y3039

East St Georges Terrace

PERTH WA  6832

q       Deposit funds via cheque, direct transfer or direct deposit to enable opening of account.

¨       Cheques can be mailed to us with Account Opening Forms. (made out to “‘Bell Commodities”)

¨       Funds can be deposited at any  branch or via direct transfer to;

Bank:                                ANZ

Branch:                            Melbourne

A/c Name:                        Bell Commodities

BSB:                                  013 030

A/c #:                                 837 448 122

To down load Client Agreement Forms please click here or if you would like print copies sent to you click here.

If you have any queries, please do not hesitate to call on 1800 354 418 or contact you adviser directly. Thank you for choosing CK Locke and we look forward to working together with you to fulfil your investment objectives.