Bank account for forex trading company and crypto

[moscote]

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!

 

[Martin Everson]

Where is your company based and regulated?

 

[moscote]

Hi, thanks for the answer. The company is based in Spain. Perfectly I want to use an exchange or payment processor who will deal with incoming clients. We have large volumes like 500k a month.
Thanks!

 

[moscote]

We can also use the service of any payment processor, please advise for any solution for our case. Thank you!

 

[daniels27]

We can also use the service of any payment processor, please advise for any solution for our case. Thank you!

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.

 

[Nicholas Van Orton]

Hi @moscote , I just DM you, please review and let me know, thank you.

 

[linusAG]

Are you regulated by Spain or not?

 

[moscote]

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.

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.

 

[moscote]

Are you regulated by Spain or not?

We are registered in Spain as a LLC