Offshore unregulated Forex Broker and Customer Service Desk

[Jillinger]

Hello, we have an offshore unregulated forex brokerage registered in Saint Vincent and The Grenadines. We are currently accepting only cryptocurrencies as deposits and it is definitely not an ideal setup.

We are looking for a solution to accept customers deposits via wire and debit/credit cards on bank accounts that won't be frozen after 20k euro of deposits, do you guys have a suggestion to solve this problem?

We also want to open an office, preferably UK to hire sales agents and sell CFD products to customers NON UK. What would be the best way to proceed without getting arrested by UK authorities?

Are there countries where we can set up an office and be calm that if we ever get caught we would get a slap on the wrist or be shut down in the worst case scenario?

 

[JohnLocke]

Any particular reason for why it has to be the UK ?

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[Jillinger]

Admin said:
Any particular reason for why it has to be the UK ?
Click to expand...

The ease of finding agents that speak the required language and have the right skillset and the quality of life that UK can provide, but as I specified in the post, it doesn't have to be UK. A good sleep is more valuable than any comfort or ease of finding good employees.

Do you have in mind a civilized country that would be more suitable?

 

[JohnLocke]

I don't think it is civilized but most of such kind of businesses are located in Costa Rica where they don't mind about such activity. It is even cheap to setup everything there if required.

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[Jillinger]

Admin said:
I don't think it is civilized but most of such kind of businesses are located in Costa Rica where they don't mind about such activity. It is even cheap to setup everything there if required.
Click to expand...

Even though the idea of Costa Rica really tickles us, the prospect of working in the night doesn't at all 😀. Most of customers will be based in Europe. My bad for not specifying it but GMT -2 to GMT +4 is the range of time zones that we can actually work with.

 

[Jillinger]

Is there anyone who can help or has any ideas to set up such a company?

 

[JohnLocke]

This is not going to work in the UK, I just say so it won't be possible without license.

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[shyomaster]

We are in a similar situation looking for payment processing solutions. @Jillinger, you can try Simplex, they process VISA -> crypto so you can accept visa. However, they are very sensitive to forex companies, so you'll have to mask it somehow.

 

[JohnLocke]

shyomaster said:
very sensitive to forex companies, so you'll have to mask it somehow.
Click to expand...

Does it mean they won't accept it so you will have to setup a cover business?

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[shyomaster]

yep. They'll accept crypto-crypto trading pairs, for example they work with Binance.