But these are rare occurrences, which makes forex trading a highly decentralized and deregulated enterprise. So, whether you are a seasoned trader or want to start with Forex, opening a forex-friendly bank account is a must.

It will ease your trading flow and allow you to dispose of your income easily and with low commissions. And guess what? We can help you open one of these accounts remotely. They also have a territorial base for their tax rate, which means they only tax nationally-sourced income.

Full privacy. That means these jurisdictions are perfect for forex traders that want to protect their assets with as much confidentiality as possible and with ideal tax planning. A one-stop shop. All this means you can find terrific financial services in one single bank, which gives you top flexibility for your operations. Low minimum deposit and account balance. This is significantly lower than in many top-notch jurisdictions.

Moreover, the minimum balance you should keep is generally low. Low fees with full transparency. We know one of the issues of Forex that prevents many investors from getting into it, is its transparency issues.

They offer a wholly transparent pricing structure that offers competitive fees and commissions. Mundo experts have 25 years committed to helping you protect your assets. One consequence of such experience is an unparalleled network of experts and partners around the world to help our clients get the best services they can. We offer tailor-made, cutting-edge citizenship, tax, financial, and corporate solutions for our clients.

We want you to have the freedom to live, work, invest, and do business how you want, where you want, and when you want. Forex is a booming trading business, and a highly deregulated and decentralized one. We can help you open such an account remotely. Yes, we can help you open it from the comfort of your home. And you can get a Forex-friendly bank account from which you can handle all your operations in more than 24 currencies. And if you decide to go one step further, you can trade stock, options, futures, and many other investment instruments across more than markets on the planet.

Moreover, your account is a multi-currency account that allows you to hold more than a dozen different currencies at no additional cost. These currencies include the US, Canadian, Australian, New Zealand, Hong Kong, and Singapore dollar, euro, pound, yen, Swiss franc, and many other currencies.

And our partner banks give you cutting-edge security with first-level technology and rigorous verification processes. Your money and your trading operations are completely safe in their hands, and they offer pristine levels of transparency regarding fees and commissions, which is particularly important in the Forex world. They usually offer four different trading platforms that will give you access from your personal computer and smartphone wherever and whenever you want.

Even better: some of these platforms are specifically designed for rookie traders that want to begin with the basics and grow step by step, and others have in mind the experienced traders that can handle complex operations.

First, we work with a pre-approval system. This is a significant competitive edge as it allows us to have a good idea regarding the success of your application before you actually submit your application to open a bank account.

The pre-approval means we send your profile to our partner banks for a previous check to see if they may be interested in having you as a potential client. Moreover, our partner bank will probably contact you to schedule a short phone call.

This time usually takes at least 20 days. During this process, the bank may ask for some additional documents. That means the process is incredibly simple:. But we are here to help you: We offer you a secure bank account from which to handle all your operations and keep your money safe.

If you've earned money doing Forex trading, it's particularly difficult to open a forex friendly bank account which offers multi-currency options, and allows you to handle your main operations easily. However, there are still a few good options to get a multi-currency trading account that will allow you to handle your operations simply with the added options of tax optimization and confidentiality.

Also, if you're not only trading in Forex but also with bonds, stocks, and similar financial instruments, this account can be your trading one-stop-shop. This is significantly lower than in many other jurisdictions. Moreover, the minimum balance you should keep is generally low. That's fantastic, especially when considering that most jurisdictions that will let you open a bank account remotely usually require high amounts for the minimum deposit and minimum balance.

That's not the case here, generally. Low Fees With Full Transparency: One of the issues which prevent many investors from getting into Forex trading is transparency issues. However, that's not the case with all banks.

It is becoming harder ever day to trust the brokers see the links I have posted at the bottom of this article. Therefore, Forex traders either have to forget about trading, or find another way of having access to the currency market. Forex trading through a bank account looks like a good alternative. Because banks are more reliable and trusted organizations and governments have more supervision on them, you can trust them more than brokers, or at least you will not be faced with most of the problems that you have with the brokers.

They are there to make money, and they will do their best to make more money every day. Therefore, it is expected that even banks try to cheat their clients to make more money sometimes. However, it is less probable. Before trying to open a Forex trading account with a bank, first you have to make sure that you are already a consistently profitable trader, otherwise there is point to think about having a Forex trading bank account.

If you are not a consistently profitable trader yet, keep practicing and learning and passing the stages I have explained here , and then think about having a Forex trading bank account. To do that, first you have to find a bank that offers such a service in your country. You have to refer to each bank and talk to the account managers and consultants. You have to tell them that you want to open an account to trade currencies against each other, not just to have a regular saving or checking account.

Trading through a bank account is different from trading through a broker. The first difference is that there is no currency pair in your bank account. You should open a multi currency bank account and when you want to trade the currencies against each other, you have to convert one currency to another one.

Your bank account has to cover all these currencies otherwise you will not be able to trade some of the currencies against the other ones:.

After having all these accounts under your bank account, you have to deposit some money in each account. It has to be a lot more. As you know, you can wipe out your account or even have a negative balance only when your account is leveraged. Although you can lose money even when your account is not leveraged I will explain how , you can never wipe out your account even if the market goes against you for thousands of pips.

The other difference is in the spread that the banks offer. Of course, you can always negotiate with the banks and ask them to offer you a good deal.

They usually do it specially if you open a big account with them. They are prefect for Forex trading. It means you can convert the currencies to each other for free and without paying any fees or spread. As I mentioned, there is no currency pair when you trade through a bank. It means you pay USD to receive EUR. In other words, it means you convert the money you have in your USD account to EUR.

You can do this through the Internet and your online bank account. You have to use your online banking system to convert the currencies against each other.

But that is not a problem at all. You can use the demo platform of a broker to do your analysis. Of course, the prices you see on the MT4 platform of a broker will not be exactly the same as the prices that your bank offers, but this is normal.

There is no two banks or brokers that offer exactly the same price. You hold EURs and the price moves accordingly which means EUR goes up against USD as you expected and it reaches 1. I mean your money is not wiped out. This is because there is no leverage here. If there was a leverage, then all your USD would be wiped out long time before the price reached 1.

As I mentioned earlier, avoid the banks that offer any leverage, because obviously they want to act like brokers and make your account wiped out as soon as possible. You may ask what advantages it will have for the banks to offer such services to traders while they charge no fees and offer no leverage for converting the currencies to each other?

Banks want you to deposit your money with them, no matter if you trade Forex or you want to do something else. They use your money to offer loans and mortgages to their other clients to make more money. They use your money to work and make more money. Unlike the retail brokers, banks have too many ways to make more money out of your money. It is the brokers who have to cheat to cover their expenses and make profit. I am not saying that banks are saints and angels.

They just have some better options to make money than cheating their clients. Indeed, trading through a bank account, be it currencies or stocks, is what almost all professional traders and investors do.

You can hardly find a professional trader that trades through the retail brokers, not because brokers cheat and can hardly be trusted, but because trading through a bank account has several other advantages and is more trusted. One of the most important advantages of trading through a bank account is protecting your money while the sudden and strong movements like The Swiss Franc Tsunami occur.

If this happens while you have a position and the price goes against you for thousands of pips like something that happened on Negative balance happens only when your account is leveraged. Although you will lose money if the market goes against you when your account is not leveraged, it will never get wiped out and will never end up with a negative balance.

But the other reason which is even more important is that your account with a retail broker can be in one currency. For example you open a USD or EUR account and then you can trade the currency pairs through it. After opening a multi-currency account with a bank, you have to deposit money in each of the accounts to become able to exchange currencies to each other.

For example you deposit 10, unit in your USD, EUR, GBP, CHF, JPY, CAD, AUD and NZD. Therefore, your whole account will never be wiped out if something like the CHF tsunami happens. The reason is that only those currencies that are involved will be affected, not the other currencies. Then the CHF tsunami happens and CAD loses its value against CHF. Then only the CAD you have bought will be affected not the money you still have in your USD, EUR, GBP, CHF, JPY, AUD and NZD accounts.

This is a big advantage of trading through a bank account, because your money will be safe automatically against the strong and sudden movements. But there is a problem here which is money. You can keep on making and saving money through your routine job and the other opportunities while you are learning how to trade and you are improving your trading skills.

Maybe the money you make through your full time job is not enough even to cover your expenses, and so, you can never save any money to become able to open a trading bank account. This is the problem that many of those who are learning to trade forex have. Chances are the lose their interest and give up on trading for good. For this reason, we thought about creating a good source of income for our website followers. You need a good source of income, no matter if you are already a consistently profitable trader, or you are still learning how to trade.

If you are still learning how to trade, then you have to be able to cover your expenses and keep on learning how to trade with peace of mind. Even if you can afford to open a reasonable live trading account, you still need an extra source of income to cover some probable losses that can happen sometimes, and also to be able to survive when there is no trade setup for a long time.

Therefore, you need another source of income that makes money for you consistently while you trade and invest to make more money. This is what all professionals do. They have several sources of income including trading and investment. They make money, and then they make their money make more money for them through trading and investment. Here at LuckScout. com, we have thought about all these things. That is why we are working on creating some great opportunities to support you and help you to make your dreams come true.

Those who follow us properly, will become able to become financially free. I don't believe in luck. I believe in sweat. The more you sweat, the luckier you get.

I had heard of Forex Trading through ones personal bank account before. It is a lot less risky than the brokers accounts. please tell me i have some money that i have win in my trading account with the forex trading now i want the money to be withdrawal they said i must open my bank account for them to do that is this wise please give me an answer thank you. very informative article!.

I just have a question, is there any bank that does provide forex trading services. Skip to content It is becoming harder ever day to trust the brokers see the links I have posted at the bottom of this article. How To Trade Forex Through A Bank Account Before trying to open a Forex trading account with a bank, first you have to make sure that you are already a consistently profitable trader, otherwise there is point to think about having a Forex trading bank account. Before you read the rest of this article, submit your email, not to miss the messages that nobody can afford to miss:.

By The LuckScout Team I don't believe in luck. View all of The LuckScout Team 's posts. Notify of. new follow-up comments new replies to my comments.

Newest Oldest Most Voted. Inline Feedbacks. Myriam Pierre. The LuckScout Team. Reply to ron 2 years ago.

You also need to find out where the smart money is getting traded. Chances are the lose their interest and give up on trading for good. The forex market also features digital sites that run the currency exchange trade and has multiple distinctive qualities that new traders are fascinated by. Several factors influence the market trend and hence the direction of forex trade. What is the Forex Bank Trading Strategy? Also, traders should analyze strategies, whether predictive or reactive.

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