Become a Participant in the gold exchange program
Exchange Program Participant Rights
After submission and approval of Participant’s account application and agreement, the Participant is granted the following Intercontinental Metals Exchange, LTD Rights.
The Participant has the right to participate in a 1 kilo gram gold bar and up to 4 kilo gram gold bars without prior approvals from the Exchange. Should participant wish to participate in an amount higher than the initial 4 kilo gram gold bars then special approval must be requested in writing to the Exchange. Once the Exchange has received the participating request then the Exchange will give Participant notice of the time required for the Exchange to fulfil such order for the number of additional gold bars for participation.
The Participant has the right to purchase each 1 kilo gold bar at current market “Spot” price at the time of purchase without any markup, commissions, or fees charged. Participants are not charged for Participation.
Once each 1 kilo gram participated gold bar is entered into the IMX Gold Trading Program, the Participant is entitled to receive the amount of:
- 2.0 % dividend quarterly for 4 consecutive quarters totaling 8%.
(1-year participation)
- 2.5% dividend quarterly for 4 consecutive quarters totaling 10%.
(2-year participation after the initial first 4 quarters of participation).
- 3.0% dividend quarterly for 4 consecutive quarters totaling 12%.
(3-year participation after the previous 8 quarters of participation
Quarterly dividends are calculated from the original participation price representing each 1 kilo gram gold bar the exchange entered into the IMX Gold Trading Program. The quarterly return is calculated on a “Daily Pro Rated” basis whereas should a bar, or any additional participating gold bars entering the Program during the middle of a quarter and prior to the start of the next quarter, each trading participation day of the gold bar prior to the beginning of the next quarter is added to the next quarter’s returns thus producing a higher dividend than the next quarter’s return due to the additional participation trading days of the bar/s and according to the number of additional trading days when entered into the IMX Gold Trading Program.
Participants’ participation amount will automatically roll over into the following 4 quarters participating in higher dividends unless otherwise liquidated by the participant.
Each participant’s representative gold bar entered into the Program will continue to earn dividends regardless of Gold Market price fluctuations during the trading of Participants represented gold bars.
At the end of 4 consecutive quarters, the Participant has the right to liquidate all or a select number of represented gold bars equal to the amount of the initial participation gold bar price. However, doing so will cease all dividends.
Intercontinental Metals Exchange Participants are not charged upfront commissions or fees for participation. The intent of the participation program is for safety and long-term wealth accumulation.
Quarterly returns are prorated to the next quarter according to the date the Participant’s representing 1 kilo gold bar enters the Exchange program.
The initial return amount may exceed the stated amount for the first quarter of eligible returns due to the date the representing gold bar is entered into the Exchange Program.
Transactions are often settled in a foreign currency and may result from a fluctuation in the rate of exchange between such currency and the United States dollar in which the basis of each transaction occurs. The Company does not assume the Participant’s risk of currency exchange variations Participant shall be in United States dollars, and (c) the Company is authorized to convert funds in Participant’s Accounts into and from such foreign currency at rates of exchange prevailing at the banks and other institutions with which the Company normally does business.
Step 1: Complete the client application
To become a participant you will need to complete the participant application in its entirety. Please confirm all details in the application are correct in order to process your application in a timely manner. As a requirement, please upload Proof of Identity and Proof of Address along with your application to comply with Know Your Customer regulation.
Click the application button
Getting started is as simple as clicking on a button. After clicking you will be redirected to the document signing platform to complete the participant application.
Complete and sign online
After clicking, please complete the participant application completely. You can easily complete and sign your application through the platform.
Receive a copy to email
Once completed, you will receive an email copy of your participant application.
Step 2: Complete and sign participant agreement
To become a participant you will need to complete the participant agreement in its entirety. Please confirm all details in the participant agreement are correct in order to process your account in a timely manner.
Click the application button
Getting started is as simple as clicking on a button. After clicking you will be redirected to the document signing platform to complete the participant agreement.
Complete and sign online
After clicking, please complete the participant agreement completely. You can easily complete and sign your agreement through the platform.
Receive a copy to email
Once completed, you will receive an email copy of your participant agreement.
Safe payment through Safefunds LLC
INTERCONTINENTAL METALS EXCHANGE LTD (IMX) REQUIRES PARTICIPANT FUNDING PAYMENT THROUGH “SAFEFUNDS LLC”: a United States Financial Support Organization
(INTERCONTINENTAL METALS EXCHANGE LTD (IMX) must be notified in advance of the establishment of the transfer of funds between Participant and Safefunds. IMX representative will forward to the Participant the exact Safefunds bank account information to the Participant for funds deposit.
Participant’s Funds are deposited with Safefunds in the amount required for selected participation level. Upon the Participant depositing the funds into Safefunds, IMX will be notified of such deposit and immediately begin the Exchange trading Services.
Upon receiving the Participants deposited funds into Safefunds, IMX will immediately initiate the daily Gold Bar trading process with purchasing and selling (trading) the amount of gold dependent on the level of Participant’s participation.
- Safefunds eliminates the risk of Open Account transactions and the cost and delay.
- Safefunds is a perfect way to expand markets with occasional, one-time, or multiple transactions with no exposure financially.
- The system eliminates the high cost and wasted time of wire transfers, letters of credit, and cashier’s checks.
- Safefunds sends funds electronically via the Automated Clearing House system for fast turnaround.
- There is no limit to the transaction size. Safefunds will handle it.
- Never worry about a fraudulent payment. Safefunds stops them all.
- Safefunds is a better solution than “escrow” companies because IMX and Participant directly control every aspect of the transaction.
SAFEFUNDS never makes decisions automatically for either the Participant or for IMX.
1. Participant deposits the necessary funds into IMX Safefunds Account and commits the amount necessary for the transaction. Deposits are made by bank wire, electronic funds transfer, or check (checks must be drawn on a U.S. bank).
2. IMX sees the reserved funds. Participant knows the payment is secure. IMX provides the transaction / trading service described in the transaction.
3. IMX may withdraw funds from the Safefunds Account either by electronic funds transfer (inside the USA), international wire transfer (outside the USA), or by check or decide to hold all or a portion of the funds in escrow until the appropriate time for the transaction / trading activity.
4. Both IMX and the Participant have been fully protected.