For FX Brokers in the current environment, opening a corporate bank account to facilitate client deposits and withdrawals can be very challenging. Most banks around the world have adopted a policy of refusing to open corporate accounts for FX Brokers. The rationale behind these policy is simple – from the bank’s point of view it’s inherently high-risk business and the potential profit from holding the deposits and processing the transactions isn’t worth it. Here’s a more in-depth view from the bank’s perspective:
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