There are obvious advantages when it comes to setting up your Forex operation in a jurisdiction that is either only mildly regulated or completely unregulated (non-licensed Forex). However, a variety of potential other problems that you might run into which means that you need to carefully manage your business for it to be successful in the long run.

The good news is our team has all the experience you need to successfully set up your offshore business while still basing your operations in the EU if that is the route that you decide to go.

We will help you set up your offshore broker to run your platform, set up a comprehensive and integrated corporate structure, help you set up a holistic payment structure, open the necessary processing and bank accounts, set up and operate your back office in Bulgaria, draft the necessary contractual and policy framework, and assist with any residence permits that you need for your stuff.

Non-licensed Forex Brokerage Company

Bank, EMI, and PSP Accounts

Depending on where you decide to get your licensure, figuring out your PSP and banking solutions can be rather complicated, but we can help you figure out how to meet the necessary requirements.

There are two main kinds of bank accounts that are necessary for all forex brokers: C2B and B2B. There are also two different banking approaches that you can choose to secure a bank account without any license or regulation or apply for a forex broker license. The latter is continually becoming more difficult for you to achieve, so we recommend the second option.

Non-licensed Forex Broker – How Do We Approach Banking

Non-licensed Forex Brokerage Company

The very first step in obtaining a corporate bank account is figuring where your broker currently is. If you are currently in the process of establishing your forex brokerage, you need to focus on obtaining a license in whichever jurisdiction you choose. On the other hand, if your broker is a non-license group such as Saint Vincent, you need to look towards the banking options that will work for non-licensed brokerages, which are much more limited but, in exchange, costs will be minimized. However, the limitations do mean that you may want to look towards non-EU banks (in places like Montenegro and Serbia) that may be more receptive to high-risk operations.

On the other hand, you could choose to go with another option which is called cryptocurrency gateway. A cryptocurrency gateway will allow you to use blockchain solutions to channel C2B funds from your clients. Blockchains solutions will be integrated directly into your cash flow structure. We will further explain how this works and help you set them up if you are interested in going this route.

There are a variety of different options when it comes to what kind of regulatory status you want for your brokerage, but we have the knowledge to help you set up several different kinds of banking and payment solutions, no matter which one you choose. Our services include free, high-level consultations to help figure out your specific needs, providing you with comprehensive overviews of all the different banking solutions currently being offered, and advising you on which solution will work best for you. We will also help you procure a PSP and payment gateway and assist you with any applications and ongoing communications. As soon as you are ready, go ahead and give us a call, and our consultants are ready to help you get started.

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