Offshore banking is getting harder and harder as time goes by.
High net worth people that have made hard-earned capital and investors looking to secure their assets and do business freely are having a rough time.
Options are even more limited for medium-sized investors.
And this is especially true if you are a Forex trader.
Let’s name just one example. In Hong Kong, without a six-digit asset worth, it’s tough to get private banking services.
Furthermore, if you’ve earned your money doing Forex trading, it’s particularly difficult to open a Forex friendly bank account that is multi-currency and allows you to handle your main operations easily.
Forex is a fantastic trading business, but many investors and traders run away from it because of its lack of transparency. It’s usually unclear how many brokers deal with commissions, which keeps people away from the business.
Moreover, handling your operations and being able to deposit and easily retire your money can regularly give you headaches.
However, there are still top options to have a multi-currency trading account that will allow you to handle your operations in a simple manner with top tax optimization and confidentiality.
We work with banks in non-CRS jurisdictions, which means they don’t immediately report your financial information to the tax authorities of other countries. Likewise, these jurisdictions also boast tax credits and exemptions for foreigners and investors that can lower their income tax rate to less than 10 %.
In addtion, you can open your account with a low minimum deposit (usually around $2,500), and our partner banks offer reliable, top-notch financial services.
In fact, such a bank account isn’t ideal just for well-established traders, but it can also be a fantastic addition if you’re only starting in the Forex world.
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.
As you may know, Forex is a global exchange market. That means it is a 24-hour, five-days-a-week market. Moreover, it’s a high-liquidity market where substantial amounts of money are moved from one currency to another with small spreads.
Likewise, the Forex trading transaction costs are generally low, which makes it ideal if you’re looking to start in the financial trading world. You can start with small transactions and even use significant amounts of leverage to trade with way larger amounts of money that what you actually have, which gives you substantial leeway 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 win money. And you know that doesn’t exist. But still, it can be the first step towards a trading and investment career, especially as it comes with low costs and it suits basically every trading style you may have in mind.
Moreover, as you may know, in Privatus Maximus Offshore, we love freedom. It’s our core value. And forex trading doesn’t have one single central regulator. Yes, to be sure, the currencies vary depending on monetary policies imposed by central banks, and they occasionally interfere directly over the market. 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.
Five reasons why you should open a Forex-friendly bank account with Privatus Maximus Offshore
Friendly tax regime
- We work with jurisdictions that generally don’t have dividends tax or capital gains tax. They also have a territorial base for their tax rate, which means they only tax nationally-sourced income. Furthermore, they have plenty of tax credits and exemptions that can lower your income tax rate to less than 10 % in some cases.
- Full privacy
We work with jurisdictions that aren’t part of the CRS/AEOI, which are reporting standards that demand member countries to exchange tax information with foreign tax authorities.
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
Our partner banks don’t just offer Forex friendly accounts, but also regular multi-currency accounts and precious metals accounts fully backed by physical gold and silver. All this means you can find terrific financial services in one single bank, which gives you top flexibility for your operations.
In fact, the trading account won’t allow you just to trade Forex, but also invest in stocks, futures, options, bonds, and many other financial instruments. It’s just the first step for a career in investment and trading.
- Low minimum deposit and account balance
Most banks we work with require a minimum deposit of around $2,500. This is significantly lower than in many top-notch 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
We know one of the issues of Forex that prevents many investors from getting into it, is its transparency issues. That’s not the case with our partner banks. They offer a wholly transparent pricing structure that offers competitive fees and commissions. This will give you both the certainty that you’re not being scammed, but allowing you to keep with your earnings almost in full.
Who are we, and what can we do for you?
In Privatus Maximus Offshore, along with Privatus Maximus Trust, we have 25 years committed to helping you protect your assets.
In this more than two decades, we’ve provided a wide array of services for high net worth individuals, investors, traders, and businesspeople around the world, such as tax planning, corporate consultancy, investment, immigration, and banking services.
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. It’s only natural that we offer services for those willing to start operating in this business.
That’s why we can help you open a Forex-friendly trading account in jurisdictions that offer you top asset protection, tax planning, and enhanced 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 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 100 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.
Moreover, they also offer accounts that are backed up by physical gold and silver, which will add an extra layer of protection to the money you’ve earned trading.
It’s shut-up-and-take-my-money level.
How to open a Forex friendly account? So, what do you need to know to open such an account?
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. If their answer is affirmative, that doesn’t necessarily mean you’ll be accepted, but it significantly increases your chances.
Now, to go through this process, we’ll require the following:
- Bank form, filled and signed
- Notarized passport copy
- Certified copy of proof of residence
- Banking reference and/or six-month bank statements
Moreover, our partner bank will probably contact you to schedule a short phone call.
If you pass the pre-approval, we’ll submit your application to the bank and wait for their response. 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:
- You send us the documents and forms
- You have a short phone call with a bank representative to finalize the pre-approval process
- We submit the application to the bank
- If everything goes right, you have a Forex-friendly trading bank account
In Privatus Maximus, we know that reliable, Forex-friendly bank accounts are scarce, especially when considering those that offer you ideal tax planning and asset protection.
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.