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EMI for unlicensed FX business

I

Igemon

Active Member
Mar 21, 2020
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#1
Hi all!
There is a Seychelles-based unlicensed forex broker. AdvCash, PM and so on do open a business account for it, but refuse to send wires to company's account in Kazakhstan bank, because of lack of license.
Is there a way around it? Some other EMI which is less picky or maybe a completely different approach?
Thanks in advance.
 
#3
No
lory said:
can't you withdraw the money from there using a credit / debit card if it is that complicated?
Click to expand...
No, I can't. First of all, it should be done regularly and the amounts are too big for ATM's.
Second, I need money in bank so that I can wire them to another company. And if I get it in cash, I won't be able to bring cash into bank, it's all in different countries.
 
#5
lory said:
No No, you don't withdraw in any ATM, from within the ADVCASH account you can withdraw from that account to your Visa or MasterCard, so the money goes straight to your bank account to which the card is connected.
Click to expand...
Oh, now I see what did you mean. But the answer is the same, alas.
Bank didn't issue a card to our corporate account, and even if it did, the amounts are too big for card2card transfers.
 
#7
pesto said:
What bank are you using there, can they open accounts for foreigners and do international wire transfers?
Click to expand...
ForteBank. They open accounts for foreign companies fo sure (we got one), as for personal accounts - don't know, never asked about it.
The problem is not in the bank, it's EMI's that refuse to send wires.
 
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