In commodity derivatives, the transaction steps are divided as follows:

Step 1: Customers register and fill in information on the website to open an account.

a) For individual customers:

Customer provides information including:

– Copy of ID card or ID card or passport.

– Phone number for transaction information

– Email to receive information from Vietnam Commodity Exchange and from Amber Commodity Trading Joint Stock Company (AXC).

– Registration form for trading on CQG . platform

– Main bank account and bank branch

b) For institutional customers

For enterprises, limited liability companies, joint stock companies, etc., a business registration license is required. Particularly for state agencies and enterprises, a decision on establishment of the unit and a business registration license is required. As for foreign-invested enterprises, they need to have documents proving their legal representative status and a valid investment license for the Vietnamese competent authority to issue.

– Commodity trading account opening contract (Provided by AXC)

– A certified copy of the business registration certificate;

• A certified true copy of the certificate of seal sample and tax identification number;

– Certified copy of ID card of legal representative – Account holder;

The power of attorney must clearly state the content of the authorization (if any).

– Authenticated copy of ID card of person authorized to transact at AXC or authorized account holder (if any);

– Certified copy of ID card of chief accountant (If any); Regarding withdrawals.

– Registration form for trading on CQG . platform

– Main bank account and bank branch

Step 2:

AXC specialists will finalize the contract and open a trading account based on the initial information provided by the client.

Step 3:

Customers will receive an email notification from the Commodity Exchange of Vietnam (MXV) about trading account details.

Step 4:

The client pays the deposit (and expenses) to the account of the AXC member. After confirming the information and receiving the required amount of money, AXC issues an order to deposit money into the customer’s escrow account at the Commodity Exchange of Vietnam (MXV).

Step 5:

Customers make transactions directly on CQG software, M-System integrated on Mobile, Desktop, Mac…