Participation Requirements
ONG Trades is a whitelist market: admission is default-deny, and every participant is verified before any counterparty sees them. This page sets out who can participate, what the admission process involves, and the expectations every participant agrees to — so that no one's time is wasted on either side.
Who Can Participate
Principals
Traders, refiners, NOCs, airlines, industrial consumers, and storage operators buying or selling physical product for their own account.
Intermediaries
Brokers and intermediaries acting under a mandate from an admitted client. The intermediary and the client are each verified.
Investors & Partners
Prospective investors and integration partners can arrange a structured walkthrough without marketplace admission.
The Admission Process
Request access
Submit the entity’s basic details. Access to the application workflow is granted from there — there is no open self-signup into the marketplace.
Corporate verification (KYC/KYB)
Company registration and documents are collected and validated, directors and ultimate beneficial owners are identified, and each completes government-ID identity verification.
Screening
Automated screening of the entity and its principals against OFAC SDN, EU, UK HMT, UN, and PEP lists — rerun continuously after admission, with human review of every match.
Admission decision
A structured review of the complete file. Complete, well-documented submissions move fastest; gaps pause the clock, not the standards.
Trade under six layers
Once admitted, every trade clears entity, product, logistics, inspection, financial, and execution verification before settlement.
Documents Required
Having these ready before you apply is the single biggest factor in how quickly a file moves.
For admission
Certificate of Incorporation
Formation document for the applying entity
Certificate of Good Standing
Current standing in the jurisdiction of formation
Corporate Resolution
Authorising the entity to trade on the platform
Tax ID Verification
EIN, VAT, or equivalent registration
Bank Comfort Letter
From the banking institution the entity will settle through
Director & UBO Identification
Government ID plus live identity verification for each director and ultimate beneficial owner
Proof of Address
For the entity and its principals
Per trade
Contract Agreement
Bill of Lading
Certificate of Origin
Commercial Invoice
Packing List
Insurance Certificate
Quality Certificate
Collected and verified as the trade moves through the six compliance layers, with independent inspection where the trade calls for it.
What Every Participant Agrees To
These rules exist to protect serious participants' time. They are enforced by the platform, not by convention.
Identity is deal-scoped
The counterparty directory is anonymized. A participant’s identity is revealed only in the context of a bona fide interest in a specific order — never for browsing.
Intermediaries need a bona fide client
Brokers and intermediaries are welcome, but only on behalf of a real client that has itself been admitted to the marketplace. An intermediary cannot see buyer or seller identity without an admitted client and a bona fide interest in the trade. The platform is not a venue for circulating other people’s deals.
Provenance is verified, not asserted
Product documentation, refinery provenance, and allocation chains are verified at Layer 2 before a trade advances. Offers that cannot be documented do not progress.
Settlement on bank rails only
LC, SBLC, and MT103 SWIFT workflows through rated banking institutions. No cryptocurrency, no smart contracts, no alternative settlement schemes.
Screening never stops
Sanctions and PEP screening run continuously after admission, and every trade clears six compliance layers. Admission can be suspended or revoked if a participant’s standing changes.
The participant fee schedule is available to registered applicants inside the platform once an account is created; it is not published on the open web. Contact investors@ongtrades.com with questions before applying.
Ready to apply?
If your entity can meet the requirements above, confirm below and request access — the admission workflow will guide you from there.
Check the acknowledgment above to continue to the application.