It is vitally important for any forex brokerage firm to have adequate and reliable banking partners. Due to the fact that forex brokerage business falls into the ‘high risk’ category as per modern international banking standards, it is becoming increasingly difficult to find banks that would be willing to accept brokerage firms as their clients.
The other clear recent trend in the international banking world that has emerged, is that big international banks are trying to find new sources of income by themselves entering into online forex broker business and they are not interested in encouraging competition within the online currency trading field.
Kaith Consultants has established relationships with banks located in different international jurisdictions, and can promote banking relationships that would suit the demands of any broker, all in order to help you find a suitable forex banking solution or open a forex bank account. We continually conduct research looking for new banking partners, new banking services and technology that may be useful to our broker clients and their forex banking needs. We are able to offer unique tailor-made forex banking solutions for start-up or established brokerage businesses.
Below are some of jurisdictions we can offer this service
- Hong Kong
- Cayman Islands