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Bank account for forex trading company and crypto

M

moscote

New member
Feb 27, 2023
23
5
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48
Spain
#1
Hello guys,
I am interested into getting a bank account for doing a forex IB broker company, it is not outside the law, I need reliabe EU bank account and relyible exchange.
For example a client is depositing eur into the bank account and then we need to make the withdraw to him.
How to do that, any idea how to setup a EU account preferably in western Europe or to use an exchange for this?
Thanks!
 
#2
Where is your company based and regulated?
 
#5
moscote said:
We can also use the service of any payment processor, please advise for any solution for our case. Thank you!
Click to expand...
It may not be the best option as there is a charge back risk you would have to bear. Also, the fees will be higher.

Please also note that accepting money from unknown sources bears a substantial money laundering risk. You may need to do KYC and then only accept money from accounts of the holder.
 
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#8
daniels27 said:
It may not be the best option as there is a charge back risk you would have to bear. Also, the fees will be higher.

Please also note that accepting money from unknown sources bears a substantial money laundering risk. You may need to do KYC and then only accept money from accounts of the holder.
Click to expand...
Yes, we want to pass KYC with every client who enters. Basically the best option is someone to provide us with banking services for a fee if it is possible.
 
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