International banking is becoming increasingly difficult as time goes on.
High-net-worth individuals who have earned their money through hard work, and investors seeking to secure assets and do business freely, are having a difficult time.
The options are even more limited for midsize investors. And this is especially true if you are a Forex trader.
Also, if you have made your money trading Forex, it is particularly difficult to open a Forex compatible bank account that is multi-currency and allows you to handle your core trades with ease.
Forex is a fantastic business, but many investors and traders shy away from it due to its lack of transparency. It is generally unclear how brokers deal with commissions, which keeps people out of business.
Also, managing your operations and being able to easily deposit and withdraw your money can regularly bring you headaches.
However, there are still main options to have a multi-currency trading account that will allow you to manage your operations in a simple way with the maximum optimization of taxes and confidentiality.
At epayblock we work with banks in jurisdictions that do not belong to the CRS, which means that they do not immediately report their financial information to the tax authorities of other countries.
In addition, these jurisdictions also have tax credits and exemptions for foreigners and investors that can reduce their income tax rate to less than 10%.
Plus, you can open your account with a low minimum deposit, and our partner banks offer top-notch and reliable financial services.
In fact, such a bank account is not only ideal for well-established traders, it can also be a fantastic addition if you are just starting your foray into the world of Forex.
If you are not only trading Forex but also bonds, stocks and similar financial instruments, this account may be your only option for trading.
As you may know, Forex is a global exchange market. It is a 24 hour market, five days a week. Furthermore, it is a highly liquid market where substantial amounts of money are moved from one currency to another with small spreads.
Also, the transaction costs of Forex trading are generally low, making it ideal if you are looking to get started in the world of financial trading.
You can start small and even use significant amounts of leverage to trade much larger amounts of money than you actually have, giving you substantial wiggle room right from the start.
Yes, Forex is a volatile market, and sometimes people will try to scam you with courses that present it as an easy way to make money. And you know that that does not exist.
Still, it can be the first step towards a career in trading and investing, especially as it comes with low costs and basically suits every style of trading you might have in mind.
Also, as you may know, at Mundo Offshore, we love freedom. It is our main value. And currency trading doesn’t have a single central regulator.
Yes, to be sure, currencies vary depending on the monetary policies imposed by central banks, and occasionally they directly interfere with the market. But these are rare occurrences, making currency trading a highly decentralized and deregulated enterprise.
Therefore, if you are an experienced trader or want to get started with Forex, opening a corporate bank account for forex is a must. It will facilitate your flow of operations and allow you to dispose of your income easily and with low commissions.
In these more than two decades, we have provided a wide range of services for high-net-worth individuals, investors, traders and entrepreneurs around the world, such as tax planning, corporate consulting, investment, immigration and banking services.
One consequence of such experience is an unrivaled network of experts and partners around the world to help our clients obtain the best services they can. We offer customized and cutting-edge corporate, tax, financial and citizenship solutions for our clients.
We want them to have the freedom to live, work, invest and do business how they want, where they want and when they want.
Forex is a booming business, and a highly deregulated and decentralized one. It is natural that we offer services for those who want to start operating in this business.
That’s why we can help you open a Forex trading account in jurisdictions that offer you the best protection of your assets, tax planning, and the highest security and confidentiality.
And guess what? 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 bank account compatible with the currency market from which you can carry out all your operations in more than 24 currencies.
If you decide to go one step further, you can trade stocks, options, futures and many other investment instruments in more than 100 markets around the world.
Additionally, 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 dollar, the Canadian dollar, the Australian, the New Zealand dollar, the Hong Kong dollar, the Singapore dollar, the euro, the pound, the yen, the Swiss franc, and others.
Our partner banks offer you state-of-the-art security with world-class technology and rigorous verification processes. Your money and your trading operations are completely safe in your hands, and they offer pristine levels of transparency regarding fees and commissions, which is particularly important in the world of Forex.
They generally offer four different trading platforms that allow you to access from your personal computer and smartphone wherever and whenever you want.
Even better: some of these platforms are specifically designed for novice traders who want to start with the basics and grow step by step, and others have seasoned traders in mind who can handle complex trades.
In addition, they also offer accounts that are backed by physical gold and silver, which will add an extra layer of protection to the money you have earned trading.
By Boris Dzhingarov
© 2021 Copyright Boris Dzhingarov – All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
© 2005-2019 http://www.MarketOracle.co.uk – The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.