WORK WITH US
Important Advice to All Facilitators/Prospects
​
At Aly Trading & Co., we maintain a rigorous due diligence process and expect the same from all prospects who wish to work with us. We do not work with brokers who act merely as intermediaries or email-forwarders and are not directly connected to end buyers and sellers.
Please review the following carefully to determine if a working relationship with Aly Trading & Co. is feasible for you:
1) Broker Chain
We avoid broker chains and only work with individuals who are direct with their principal (end buyer or end seller) and are prepared to undergo our due diligence and KYC processes. No exceptions will be made. Being new in business is not an issue, but understanding and respecting the process is essential.
Unfortunately, we frequently receive inquiries from individuals who claim to be “close” to buyers or sellers, but proximity is not the same as being direct. Many deals fail because brokers in the chain lack transparency, do not perform due diligence, or have no trust in other intermediaries. At Aly Trading & Co., we start with in-house due diligence to maintain our reputation.
2) NCNDA / IMFPA
Inexperienced brokers often request an NCNDA (Non-Circumvention Non-Disclosure Agreement) and an IMFPA (Master Fee Protection Agreement) at the outset. Be advised that most NCNDAs and IMFPAs circulating in the market are inauthentic and not recognized by the ICC. We are open to signing an NCNDA, but it must be genuine and in accordance with ICC publication 769 E. Other NCNDA documents with ICC logos labelled as ICC 400/500/600 are counterfeit. Genuine mandates are protected by the companies that extend their authority, we are wary of anyone requesting an NCNDA without proper credentials.
Additionally, Aly Trading & Co. cannot sign NCNDAs with every broker who claims to be direct. Be prepared to share your company’s details, including a corporate profile, registered office address, and working contact information. Emails from general domains like Gmail or Yahoo are likely to be purged.
​
3) Commodity Knowledge
We expect that you are familiar with the commodities you inquire about. Basic knowledge is essential.
Additionally, understanding incoterms, BGs, PBs, LCs, LOIs, ICPOs, and other documentation is crucial. These serve specific purposes and can only be issued by authorised entities.
4) Professionalism
Legitimate sellers seldom work with brokers who lack an online presence, professional contact information, or a verifiable office address.
If an offer begins with statements like “Please send pictures, past performance first,” or includes ambiguous details about the buyer or seller, it is likely forwarded from another broker and lacks due diligence. At Aly Trading & Co., such offers will be dismissed.
Additionally, requesting past performance documentation is both unprofessional and legally questionable; past transactions are confidential and do not predict future outcomes.
We expect proper due diligence on all documents or inquiries before forwarding them to our team. Facilitators, brokers, and traders should view it as a professional responsibility to ensure accuracy and relevancy.
In summary, we can work with you if:
1. You are knowledgeable about the commodity.
2. You are directly connected with the end buyer/seller.
3. You are prepared to exchange principal details.
4. You have conducted thorough due diligence.