Sole trader keeps getting refused, need a personal EMI account with USD, AUD and other main currencies.

[Bablo Wulfhram]

Can you speak more on how they deal with corporate clients, ie financial‍ institutions?

 

[Marios]

They can consider corporate clients registered in a jurisdiction other‍ than their list of prohibited countries and equally the UBOs should not be citizens from⁠ those countries. Although they have high-risk appetite regarding line of business activities, they are very⁤ selective. From licensed entities, the ones they are ready to consider are forex brokers. Concerning⁣ other types of licenses, MSBs, crypto-exchanges, Curacao gaming etc. there are other solutions, not this⁢ one in particular.

 

[Bablo Wulfhram]

In the case of forex brokers, do they provide a service of⁢ giving IBANs to each of the broker's customers for easier withdrawals/deposits? Or is this provided︀ only to the FX corporate body? What about International Corporate Services Providers, Fund administrators? Do︁ they deal with such or does this work on a case-by-case basis?

 

[Marios]

When it comes to licensed forex brokers, they are given 2 dedicated accounts. One for‌ their operational activities and second, for the deposits and payouts of the client funds. International‍ corporate service providers shouldn't be an issue and regarding Funds, I have introduced one Fund⁠ in the past and they showed interest to onboard, however as said, it is a⁤ case-by-case