What questions will I be asked if I want to open a trading account with a regulated online FX broker?

When you open a trading account with an Online FX brokerage firms, they may ask you a lot of questions.

It is called “KYC(Know Your Customer) procedure” and they are obliged to ask each trader the questions for regulatory reasons.

We have listed up the examples of questions you may be asked when you open an Online Trading Account with such a broker.

What is your employment status?
What is your Annual Income?
What is your Estimated Net Worth?
Approximate amount available for trading each year.
What is your anticipated transaction frequency?
What is the extent of your trading experience within the last 3 years in Transferable securities and/or Money Market Instruments (eg. Stocks, Bonds etc.)?
What is the extent of your trading experience within the last 3 years in Exchange traded Derivatives (eg. Futures, Options)?
Please indicate the average amounts invested for the last month in Exchange Traded Derivatives (eg. Futures, Options) and OTC Derivatives (Forward, CFDs, Spread Betting).
Please indicate your average volume of transactions for the last month in Transferable securities and/or Money Market Instruments (eg. Stocks, Bonds).
What was the average level of leverage you used for trading in Exchange Traded Derivatives and/or OTC Derivatives?
Do you have prior education, professional qualifications and/or work experience in the financial services industry during the last 3 years in a role that is relevant to trading in OTC leveraged financial instruments?
Your equity is $100 and you opened 10 000 USD/JPY, what is the leverage that you used?
You opened 10 000 long on EUR/USD at 1.10 with take profit at 1.11, The EUR is getting stronger against the USD and the deal closed at take-profit (1.11). How much will be the return?
When will a deal close automatically?
Educational Background.
Reason for Trading.
Primary purpose of trading with us.
Intended Purpose and Nature of Transactions.
Anticipated account turnover.
How do you expect to fund your account.
What is the extent of your trading experience within the last 3 years in Contracts for Difference with Currency Pairs (i.e. Forex)?
What is the extent of your trading experience within the last 3 years in Contracts for Difference with Precious Metals (Gold/Silver)?
What is the extent of your trading experience within the last 3 years in Contracts for Difference with Commodities (e.g. Oil)?
What is the extent of your trading experience within the last 3 years in Contracts for Difference with Shares/Stocks?
What is the extent of your trading experience within the last 3 years in Contracts for Difference with Indices?
What is the extent of your trading experience within the last 3 years in other OTC Derivatives (forward contracts, spread betting) with Currency Pairs (i.e. Forex)?
What is the extent of your trading experience within the last 3 years in other OTC Derivatives (forward contracts, spread betting) with Precious Metals (Gold/Silver)?
What is the extent of your trading experience within the last 3 years in other OTC Derivatives (forward contracts, spread betting) with Commodities (e.g. Oil)?
What is the extent of your trading experience within the last 3 years in other OTC Derivatives (forward contracts, spread betting) with Shares/Stocks?
What is the extent of your trading experience within the last 3 years in other OTC Derivatives (forward contracts, spread betting) with Indices?
Are there any other Financial Instruments which you are familiar with and/or you have prior Trading Experience?
Are there any other types of Investment services which you are familiar with and/or which you have used in the past (e.g. Portfolio Management etc.)?