Business banking for forex and CFD brokers

Map the brokerage’s own capital, fee revenue, liquidity-provider transfers, client deposits and withdrawals. State who owns each balance and which legal entity contracts with clients. A payment account suitable for operating expenses is not automatically a permitted client-money account.

Your compliance adviser should identify segregation, acknowledgement, reconciliation and other requirements applicable to your licence. An institution must confirm the proposed arrangement explicitly. If your firm trades only its own capital, use the proprietary trading review instead of describing it as a customer-facing broker. The legal activity matters more than the word forex.

A suitable operating arrangement may support local currency accounts, exchange between balances and SWIFT payments. Confirm incoming collection routes separately from payouts to liquidity providers, suppliers and group entities. State payment countries, recurring beneficiaries and expected transaction sizes.

Broad international currency coverage does not imply support for all client withdrawals or third-party deposits. Explain how customer identity matches each payer and beneficiary and where a processor enters the flow. Crypto-related transfers require their own counterparty and asset review; a fiat operating account is not permission to add undisclosed crypto settlement.

Provide the licensed entity, regulator, permission scope, client markets and group structure. Application status is not the same as authorisation, and a licence in one jurisdiction does not establish access to every market. If permission is required but absent, an account cannot fix that problem.

Relevant records can include licence evidence, customer onboarding and monitoring procedures, liquidity-provider contracts, financial statements and previous banking history. Explain complaints, restrictions and earlier refusals. The institution will review actual controls and payment purpose rather than rely on a regulatory badge or a polished website alone.

Start with your operating-account requirement, licensing position, ownership and residence, currencies, monthly volume and customer-money needs. We help clarify the account purpose and identify an institution whose current product and eligibility fit. Formal documents follow through the appropriate onboarding process, not as confidential attachments in the first chat.

Xavion is not a bank, broker or account issuer. The institution performs its own checks and confirms support, limits, fees and timing. Our guarantee applies only to cases approved after the free review for a suitable account; it does not guarantee a particular client-money structure. We cannot lift restrictions at your existing bank. Any paid placement work is agreed separately.