Getting Started

Getting started with ElectronX involves two phases: an initial KYC application and compliance review (Phase 1), followed by agreement execution, account configuration, and platform setup (Phase 2). Our onboarding team will guide you through each step.

Who can apply

ElectronX is available to both Entity applicants (LLCs, LPs, corporations, and other legal entities) and Individual applicants. At this time, applicants must be resident, duly registered, and maintain a registered address in the United States or in Bermuda, the Cayman Islands, or Israel. Please see the Non-US Jurisdictions Missive at electronx.com/regulatory.

The onboarding process

Onboarding proceeds in two sequential phases. You will not be asked to fund your account until Phase 2 is complete and you have signed the Participant and Clearing Member Agreement.

Phase 1 — application & compliance review

Phase 1 establishes your identity, legal standing, and eligibility to become a Participant and Clearing Member on the ElectronX exchange.

If you are an Entity, you will receive a Phase 1 Onboarding Requirements Form with two sections:

• Section One requires you to fill in business and contact information directly within the form, including your legal entity name, EIN, business address, Ultimate Beneficial Owner details, and a US Agent for Service of Process.
• Section Two requires you to upload supporting documentation alongside the completed form. See the Required Documentation section for a full checklist.

If you are a Natural Person (individual), you will receive a link to our natural-person onboarding form. Once submitted, our compliance team will review your application and follow up if additional information is needed. Upon approval, you move to Phase 2.

Phase 2 — account configuration & platform setup

Phase 2 covers the operational setup required before you can begin trading. You will receive a Phase 2 form that captures details such as:

• User role assignments (Authorized User, Risk User, Operations User)
• Trading access method (GUI, API, or both)
• API type preferences, if applicable (Market Data, Order Entry, Drop Copy)
• Bank account details for funding and withdrawals
• Invoicing contact information
• Account structure preferences (Collateral Accounts, Trading Accounts, Trading Desks)

By default, we set up a single Collateral Account, Trading Account, and Trading Desk. If you require a more complex structure, refer to the Account Structure section, or email onboarding@electronx.com with your preferred configuration before submitting your Phase 2 form. At this stage we also ask you to execute the Participant and Clearing Member Agreement. As a CFTC regulated Exchange and Clearinghouse, we require all Participants and Clearing Members to execute an identical Participant and Clearing Member Agreement (“PCMA”).

Initial funding requirement

Unless waived at ElectronX's discretion, all applicants make a one-time initial deposit of $25,000 to open an account. This is a one-time minimum capitalization requirement; the funds are available for trading immediately upon deposit and are not held as a floor by the exchange. You are free to draw down from this amount for ongoing trading activity. We have no expectation that you will fund your account before you are ready to trade — the requirement applies at the point of first funding, not at the point of application.