Discretionary application form

In order to consider your application for Enigma’s services, we must first gather some information from you as part of our suitability assessment. A suitability assessment is required to determine whether our services are suitable for you. If you are deemed suitable, at the end you will be able to proceed with your selection of a strategy or model portfolio based on your risk tolerance identified in the assessment (for copy trading/discretionary services). Please note, the selection of any particular strategy or model portfolio is entirely your decision and Enigma is not making any personal recommendations to you as to the merits of any particular strategy/model portfolio. If you are unsure, you should seek independent financial advice before continuing. Where you have chosen Enigma’s Advisory services, then we will use the information you have provided to recommend investments in line with your personal circumstances and investment objectives.
Individual Application Form

Personal Details
Title*
Surname*
Forename(s)*
Date of Birth*

DayMonthYear
Date
Nationality NI Number *
(UK Residents Only, otherwise input N/A)
Memorable Word*
For security reasons, we ask you to come up with a memorable word. When you contact us we will ask you for your memorable word.
Place of birth *
(according to passport)
Country of Birth*
Marital Status*
Number of dependents*
Highest level of education*
Customer Type*
Please ensure you fill out our corporate application form located at this link here: https://enigmastrategy.com/corporate-application/
Country of Residence*
Contact Details
House number/name*
Street*
Town City*
Post Code*
At address less than 3 years?*
Previous House Number / Name*
Previous Street*
Previous Town*
Previous City *
Previous Post Code*
Home Telephone
Business Telephone
Mobile Telephone*
Email 1*
Email 2

Employment Details
Employment Status *
Position Held
From (Years / Months)*
Nature of Business*
Score - Stage 0*
Financial Situation
Annual Income *
Monthly Income after tax*
Monthly outgoings*
Calculation - Income Out / In Ratio*
Residential Status *
Value of Main residence *
Outstanding Mortgage?*
Net Value*
Do you own any other property investment?*
Total Value
Outstanding Mortgage(s)*
Total Net Value *
Other Liabilities (total loans and credit cards)*
Are you expecting to retire in the next 5 years ?*
Are you expecting any inheritance in the next 5 years (if no, put 0)*
If Yes state amount. I.e. £100,000
Overall Value*
Score - Income Out / In Ratio*
Result - Income Out / In Ratio*

Financial Situation

Continued
Cash *
(including ISA)
Combined value of all pensions*
Gilts, Bonds & Collective Investments*
(unit trists, investment trusts & ETFs)
Major Shares*
(e.g. FTSE 350, DJIA, DAX, S&P ect.)
AIM shares, small Cap shares & Equity Placings)*
Derivatives*
(CFDs, Spread bettings, FX, Warrants, Futures & Options)
TOTAL OF ABOVE*
Other Investments*
(please provide details)
Approx. Total Net Worth (including property)*
Score - Net Savings*
Result - Net Savings*
Score - Financial Investments*
Result - Financial Investments*
Result - Employment*
Score - Stage 1*
Result - Stage 1*
Score - Stage 2*
Result - Stage 2*

Knowledge and Experience Questions
Overall understanding of general financial and economic affairs?*
Score - Financial experience*
Do you work, or have you worked in the financial sector for at least one year in a relevant professional position which requires knowledge of the nature and risks associated with the products that you wish to invest in?*
Score - Relevant Role*
Do you have any qualifications relevant to the products you intend to trade?*
Please select awarding body
Please select qualification
Please select qualification
Please select qualification
Please select qualification
Please select qualification
Please select qualification
Please select qualification
Please select qualification
Please select qualification
Please select qualification
Please select qualification
Please select qualification
Please select qualification
Score - Qualification*
What are your trading objectives?*
Score - Trading Objective*
Score - Stage 3*
Result - Stage 3*
Requested Services

Select one service only, per single application.
Advisory*
CFD Managed Account*
Standard Discretionary (non-derivative)*
Standard Discretionary (derivatives)*
Preferred Product Classes & Asset Allocations (Advisory & Standard Discretionary (non-derivative) clients only))

Please state the maximum percentage of your portfolio you wish to invest per product / investments class: (percentage levels on classes of investments are for illustrative purposes only).
Note:

Enigma Strategy recommends a maximum of 10% of your Total Net Worth is invested into High Risk Investments. Enigma does not recommend High Risk Investments to clients who have a cautious attitude to risk. (Percentages do not have to equal 100%)
Cash*
i.e. 50% in products such as a flexible easy access savings account
Investment Grade Government Bonds*
i.e. 40%
Global Large Cap Equities (e.g. FTSE 350)*
i.e. 30%
Investment Grade Corporate Bonds*
i.e. 100%
Global Small Cap Equities (e.g. AIM) & Non-Investment Grade Corporate Bonds (High Yield Bonds)*
i.e. 25%
Derivatives (Contract for Difference, FX, Options, Futures)*
i.e. 20%
Can you confirm that you understand the products within your portfolio and the risks associated with them*
Further questions
Is this application being written (or is being referred) by a regulated intermediary?*
i.e. IFA or Wealth manager
What is the approximate value you will be investing under Enigma Strategy?*
i.e. £50,000
Please write the name, email and financial reference number (FRN) of the regulated intermediary.
Do you expect your existing level of income / earnings to*
For how long do you wish to save / invest for?*
Do you wish to be classified as an Elective Professional Client?*
For further details on the nature of an elective professional client visit, please visit: https://www.handbook.fca.org.uk/handbook/COBS/3/5.html
Select Base Currency*
Is there anything else you would like to inform us of that we should take into consideration when assessing your suitability?*
If yes, please specify
Are there any particular types of products / investments / markets that you do not wish to invest in?*
If Yes, please specify

Previous History with Trading and Investment
Select "Yes" below if you have ever invested into the following investment products: Collective Investment, Gilts & Bonds e.g. Unit Trusts, Investment Trusts & ETFs, Major Shares, AIM Shares, Derivative products

Please read carefully
Have you ever invested in any of the products stated above? *
Investment Products
Collective Investment, Gilts & Bonds e.g. Unit Trusts, Investment Trusts & ETFs
Frequency:*
Frequency of trades in the last 12 months
Trade size:
Service Type:*
Score - Collective Investment*
Major Shares (e.g. FTSE 350, DJIA, DAX, S&P, CAC, SMI)
Frequency:*
Frequency of trades in the last 12 months
Trade size:
Service Type:*
Score - Major Shares*
AIM Shares, Small Cap Shares, Illiquid Shares & Equity Placings
Frequency:*
Frequency of trades in the last 12 months
Trade size:
Service Type:*
Score - AIM Shares*
Derivative products (CFDs, Spread betting, FX, Warrants, Futures & Options)
Frequency:*
Frequency of trades in the last 12 months
Trade Size
Service Type:*
Score - Derivative products *
Result - Derivative products *
Score - Stage 4*

Investment Objective and attitude to risk
I would probably invest a significant sum in a high risk product:*
I would consider investing in a high risk product for the excitement of going up or down in value:*
Risks are necessary to make money:*
I would get a thrill from making a risky investment with my money:*
I would be anxious if i saw the value of my investments go down in value:*
If there’s a chance of making better long term returns, I am prepared to take a risk:*
In my view, you need to take risk to make a return:*
The idea that the value of the returns on my investment may be variable makes me anxious:*
Total*
Score - Stage 5*
Result - Stage 5*

Knowledge assessment
Multiple Choice Questions relevant to Experience
When buying a CFD contract in equities, I physically own shares and can attend AGMs?*
The exchange rate between two countries is influenced by the following factors:*
Unlike stock markets, the forex market has neither central exchange nor actual physical location. Since all of your transactions will be with your opted Broker, you are trading in an “Over The Counter” (OTC) market.*
If you open 1 standard lot of GBP/USD and your account has a leverage of 1:25, what is the margin required to open that trade?*
The FTSE 100 has a sell price of 5000 and a buy price of 5002. You open a long (buy) CFD trade of 2 contracts, equal to £20 per point. The price increases to a sell price of 5006 and a buy price of 5007. You close your trade. What is your profit?*
If an investor cannot make a further payment to meet a Margin Call Requirement, the OTC CFD provider has the discretion to liquidate or close-out the clients OTC CFD position, without reference to the investor.*
Which of the following statements are true?*

A. A market order is an order to be executed immediatelyB. A stop loss order is not guaranteed, especially in stressed market conditionA and BNeither
Score - CFD MCQs*
Result - CFD MCQs*
Multiple Choice Questions relevant to Futures and Options
If you hold a Futures position open overnight, which of the following is required to be deposited?*
Which of the following statements is true regarding Futures?*
EURIBOR futures currently suggest a potential raise in the base rate by the European Central Bank from its lowest point; other factors being equal what will happen to EUR/USD in this case?*
Which of the following has the potential for unlimited losses?*
The German Bund Future is quoted 172.25 / 172.26, If you sell 1 Bund contract (contract size €10) at the bid price and the market moves up to 172.83 / 172.84, what is your open loss?*
Score - Der MCQs*
Result - Der MCQs*
Score - Stage 6*

Source of Funds and Wealth of the Investor
Source of Funds to be invested*
Describes the transaction(s)/economic event(s) which gave rise to the funds to be sent to us.
The funds were generated in the following jurisdiction(s)*
Source of Wealth (i.e. Total Net Worth)*
Describes the activities which have generated the Investor’s total net worth. Information concerning the geographical sphere of the activities which have generated the Investor’s wealth may also be relevant. Generic statements such as “business activities” are not acceptable and we will require full description of how the company or the settlor made their money.
Wealth was generated in the following jurisdiction(s):*
Where Source of Funds/Wealth has originated from the carrying on of a business activity, please describe it here*
Including a list of all relevant companies and their jurisdictions of incorporation

Payment Instructions
Bank Details

Note transfers from Accounts may ONLY be made to an account held in the SAME NAME as the name of the Investor
Bank name
Account name
Account number
Sort code
If applicable
Swift code/ABA number
IBAN number
Bank address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Your Responsibilities and Declarations

Read carefully
Enigma’s copy trading services are contingent upon your decision to copy a specific strategy provider/s and follow a particular strategy/s. In making such decision, you have considered your entire financial situation including financial commitments and you understand that using copy trading is highly speculative and that you could sustain significant losses from copying a strategy provider/s and a particular strategy/s. Whilst we vet all providers, the final selection will be down to you. Enigma will not advise on a client’s selection of a strategy provider and/or strategy. Do you agree ?*
(Applicable to copy trading clients only)
Any past performance of strategies, risk score, statistics and any other information with respect to users appearing on our websites and applications are not indicative of future results and should be considered as hypothetical as more fully described below. It is important to understand the high risk nature of CFD trading, statistical information and historical performance are not a guarantee of future performance. No representation or guarantee is being made that any account will or is likely to achieve profits or losses similar to those shown. When reviewing the Content, portfolio, financial performance information, opinions or advice of another registered user, You should not assume that the user is unbiased, independent or qualified to provide financial information or opinions. Enigma Strategy does not guarantee any order including the placing of stop orders such as Copy Stop Loss. Accordingly, regardless of the entry or closing designation, Enigma Strategy does not guarantee that the trade will be filled at the order price/stop loss percentage and you may lose more than the original amount used to copy such strategy. Do you agree ?*
(Applicable to copy trading clients only)
Your responsibility to say no. It is your trading account and you are in control. If you are unsure of any advice provided by your investment advisor, then you must NOT proceed with the transaction. If you do accept and agree to any recommendations made, then you automatically accept the risks of that trade. It is imperative that you are happy with the investments being recommended to you, including their level of risk, the transaction size and the frequency with which trades are being conducted on your account. If you decide that you are unhappy with any of the above or your personal circumstances change, please notify your Investment Advisor immediately and ask to speak to the compliance officer.*
(Applicable to Advisory clients only)
Whilst we will always endeavour to ensure that the Investments offered to you are suitable, our suitability determination is only as good as the information that you have provided to us. In order to ensure the correct level of advice, it is important that you always notify us if either your 1) risk appetite 2) investment objectives or 3) financial circumstances change. It is also important to notify us if your health deteriorates. If you are unsure you should seek professional financial or medical advice before proceeding. Do you agree ?*
(Applicable to Advisory clients only)
Your responsibility to check your trades. For all trades executed you will receive a contract note. You can also view the details of all your transactions via your online portfolio. It is your responsibility to ensure that these details are correct. If you do identify an error then you must notify your investment advisor immediately*
(Applicable to Advisory clients only)
Valuation and online access. At any time we will be able to send you, on request, an up to date account valuation or statement of your account at no charge. Statements of account are sent out quarterly, but we would advise that you check your account at least once a day to review trades executed, valuation of open positions, margin usage and general portfolio composition. It is your responsibility to monitor and address any issues that you might find*
(Applicable to ALL clients)
Can you confirm that you have understood your responsibilities and agree to them?*
(Applicable to ALL clients)
Risk Warnings

Read carefully
Do you appreciate that investors should carefully consider their own personal financial circumstances before dealing in the stock market, and should consider the risks as described above?*
(Applicable to ALL clients)
Do you understand that there is an extra risk of losing money when shares are bought in smaller companies, speculative high yield bonds and investments that are not readily realisable, e.g. unquoted companies or smaller less liquid quoted companies, and you may have difficulty in selling them at a reasonable price and in some circumstances it may be difficult to sell at any price?*
(Applicable to ALL clients)
Do you understand the risks associated with derivative investments?*
(Applicable to ALL clients)
Contracts for difference (CFD)/Leveraged trading: Transactions in Foreign Exchange contracts carry a high degree of risk and may not be suitable for all investors. The “gearing” or “leverage” often obtainable in Foreign Exchange trading means that a relatively small market movement can lead to a proportionately much larger movement in the value of your liability. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Do you agree ?*
(Applicable for Standard Discretionary (Derivatives) & Copy Trading clients only))
Transactions in futures involve the obligation to make, or to take delivery of the underlying asset of the contract at a future date, or in some cases to settle your position with cash. They carry a high degree of risk. The “gearing” or “leverage” often obtainable in futures trading means that a small deposit or down payment can lead to large losses as well as gains. It also means that a relatively small market movement can lead to a proportionately much larger movement in the value of your investment, and this can work against you as well as for you Futures transactions have a contingent liability, and you should be aware of the implications of this, in particular the margining requirements, which are set out in the paragraph “Contingent Liability Transactions”. Do you agree ?*
(Applicable for Standard Discretionary (derivatives) only))
There are many different types of options with different characteristics subject to different conditions: Buying Options: Buying options involves less risk than selling options because, if the price of the underlying asset moves against you, you can simply allow the option to lapse. The maximum loss is limited to the premium, plus any commission or other transaction charges. However, if you buy a call option on a futures contract and you later exercise the option, you will acquire the future. This will expose you to the risks described under “Futures” and “Contingent Liability Transactions”*
(Applicable for Standard Discretionary (Derivatives) only))
The value of investments can fall as well as rise; you may not necessarily get back the amount you invested. Past performance is no guarantee of future performance. Changes in exchange rates may also cause your investment to go up or down in value. Tax laws are subject to change and depend on individual circumstances. Please ensure that you fully understand the risks involved. If in any doubt, please seek independent financial advice.*
(Applicable to ALL clients)
DECLARATIONS

Read carefully
I understand that Enigma Strategy Limited will rely on the information provided in opening this account and represent that the information is correct and complete. I agree to notify you promptly of any material change to my circumstances as this may otherwise affect the suitability of Enigma Strategy investment decisions or recommendations. *
(Applicable to ALL clients)
I understand that in accordance with the EC Money Laundering Directive, Enigma Strategy Limited is required to verify my identity. I accept that Enigma Strategy Limited and/or its counterparties will carry out an electronic check where possible to verify my identity as the account holder. I understand and accept that if Enigma Strategy Limited is unable to verify my identity through an electronic search, they will ask me to provide additional documents to verify my identity. *
(Applicable to ALL clients)
With respect to the investment, I wish to make. I can confirm that I have read and understood the investment brochure, and/or prospectus, and/or term sheet, and/or KIID document. I fully understand the risks involved and if in any doubt have sought independent financial advice. *
(Applicable to ALL clients)
IMPORTANT: Terms of Business
This Account Application Form and our Terms of Business set out the basis of your relationship with Enigma Strategy Limited. We intend to rely on these documents and for your own benefit and protection, you should read the Terms of Business, which include, but are not limited to the risk warnings and disclosures, the order execution policy, the Terms and Conditions, potential conflicts of interest, data protection and disclosure of information and the commission and charges carefully before submitting this Form. If you do not understand any item therein, please ask for further details.

I understand that for my own benefit and protection, I should read Enigma Strategy Limited’s Terms of Business carefully before signing this application form including, but not limited to, the Risk warnings and disclosures, the Order execution policy, and the Standard tariff of fees and charges.
If you are classified as a professional client we are obliged to inform you that as a consequence of this classification, you may lose the protections afforded to retail clients under the rules of the financial conduct authority. you will be provided with a separate notice detailing the protections that you may not be entitled to and you will be required to sign this notice in order to confirm your acceptance of your classification as a professional client.
I understand that I will be bound by these Terms of Business and if I do not understand any point then I should ask for further information before signing and returning this application form.*
(Applicable to ALL clients)
MAXIMUM DRAWDOWN

The drawdown limit on your trading account will be subject to a maximum of the initial account deposit (less any fees); if this level is reached, no further trading will be undertaken on your trading account. You"The Client" acknowledges and understands this risk and agrees not to hold Enigma Strategy Limited (acting as the Attorney/Money Manager, as per the duly signed Limited Power of Attorney - (the “Investment Manager”), liable for any losses on the account. The maximum drawdown figure is not a guarantee and is on a "best endeavours" basis, and only indicates your risk appetite. Enigma Strategy will present strategies which have not previously reached the drawdown limit selected by you. Note: Past performance or drawdown is no indicator of future success and there can be no assurance that future performance will achieve comparable results or that target returns will be met.
Select drawdown limits*
Total Score*
Result*
Failure Reason*

Risk Warning

Based on the information you have provided and the risks associated with investing, Enigma does not consider that its high risk investment services will be suitable for you at this time. This includes our Copy trading service and/or Derivative products.

If after further consideration, you still wish to consider trading with Enigma, the following options are available to you:
- You can proceed to see if you are suitable for our non-high-risk products and/or service. To enquire please e-mail support@enigmastrategy.com
Please note you will not be permitted to apply and complete another suitability assessment with us within three months of the date of this assessment.

As with any investment, your capital is at risk, as the value of your investment can go down as well as up. CFDs are complex instruments. Between 66-73% of retail CFD accounts lose money.

Failure Warning

Based on the information you have provided and the risks associated with investing, Enigma does not consider that its high risk investment services will be suitable for you at this time. This includes our Copy trading service and/or Derivative products.

If after further consideration, you still wish to consider trading with Enigma, the following options are available to you:
- You may be eligible for our advisory and/or standard discretionary services. To enquire please e-mail support@enigmastrategy.com
Please note you will not be permitted to apply and complete another suitability assessment with us within three months of the date of this assessment.

As with any investment, your capital is at risk, as the value of your investment can go down as well as up. CFDs are complex instruments. Between 66-73% of retail CFD accounts lose money.

Warning

Based on the information you have provided and the risks associated with investing, including capital being at risk, Enigma does not consider that its’ investment services are suitable for you at this time.

Please note you will not be permitted to apply and complete another suitability assessment with us within three months of the date of this assessment.

As with any investment, your capital is at risk, as the value of your investment can go down as well as up.
Should be Empty:

Individual Application Form

Contact Details

Employment Details

Financial Situation

Financial Situation

Knowledge and Experience Questions

Requested Services

Preferred Product Classes & Asset Allocations (Advisory & Standard Discretionary (non-derivative) clients only))

Note:

Further questions

Previous History with Trading and Investment

Select "Yes" below if you have ever invested into the following investment products: Collective Investment, Gilts & Bonds e.g. Unit Trusts, Investment Trusts & ETFs, Major Shares, AIM Shares, Derivative products

Investment Products

Collective Investment, Gilts & Bonds e.g. Unit Trusts, Investment Trusts & ETFs

Major Shares (e.g. FTSE 350, DJIA, DAX, S&P, CAC, SMI)

AIM Shares, Small Cap Shares, Illiquid Shares & Equity Placings

Derivative products (CFDs, Spread betting, FX, Warrants, Futures & Options)

Investment Objective and attitude to risk

Knowledge assessment

Multiple Choice Questions relevant to Experience

Multiple Choice Questions relevant to Futures and Options

Source of Funds and Wealth of the Investor

Payment Instructions

Bank Details

Your Responsibilities and Declarations

Risk Warnings

DECLARATIONS

IMPORTANT: Terms of Business

MAXIMUM DRAWDOWN