Opening a Corporate Forex trading account online

FxPro is a well-established and respected leading broker offering full access to interbank pricing through any one of their six Trading Platforms.

FxPro offers an ideal trading solution and are a preferred partner for corporate and high-volume traders.

FxPro’s Trading Platforms feature quality execution capabilities as well as advanced and easy-to-use order entry and position management tools – all in a secure environment.

Opening a corporate Forex trading account may require a difference procedure and different types of documents from the normal account opening.

In this article, we will explain how to signup and open a Forex trading account as a corporate, and what documents are required.

We will use the example of FXPro and will also include the case of other brokers.

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How to open an account as a corporate?

To apply for a corporate trading account, the representative of the company must first register with FxPro via the usual sign-up procedure on the FxPro homepage.

To go to the sign up page, please click on here.

For your information, the account opening page looks like as below.

Visit FxPro Official Website

For the comparison of FXPro’s all account types, visit the page here.

The personal details provided must belong to the representative in question.

Once the representative’s email address has been confirmed and the login credentials for the new account have been received, the company representative must contact FXPro Back Office Department by phone or email.

The Back Office Department will ask for the following details: company name; country registered in; nature of business.

After the application is completed

Once FXPro receives all necessary documents, their Back Office Department will review them and assist in the completion of the application.

Please note that corporate account opening may take more days than the normal account opening processes to be completed.

Also you will be required several documents to verify your accounts.

FxPro Official Website

What documents are required to open corporate FX accounts?

As an FCA regulated broker, FXPro required to confirm your identity before approving your MT4 account.

To ensure FXPro’s Compliance Team can process your application as quickly and smoothly as possible, please ensure the documentation you provide meets the requirements.

For a corporate account, online FX brokers would need see the following documents to verify you account.

1. Certificate of incorporation
2. Certificate of Incumbency OR Good Standing
3. Certificate of shareholders
4. LEI number
5. Board resolution
6. Company structure
7. Memorandum and articles of association
8. Proof of address dated within the last three months and states your current company address: utility bill, council tax bill, bank or credit card statement
9. Register of Shareholders and Directors
10. Copy of accounts
11. UBO Identification
12. Certificate of directors
13. Shareholders (who own 25% or more of the company) and Director KYC documents:
14. A valid passports
15. Proof of address dated within the last three months and states your current address: utility bill, council tax bill, bank or credit card statement

Please note that your broker might request any additional documentation that would assist them in verifying any information which remains unclear.

Fore more information, please contact your broker directly.

See the List of Online Forex Brokers

For the detailed information about the required documents to open FXPro’s account, visit the page here.

Differences depending on the jurisdictions

The required documents maybe different depending on the region you reside in.

Here are the examples of the required documents in each region.

In case of traders in UK

• Identification documents
  Must be valid: passport, UK photocard driving license
• Proof of address
  Dated within the last three months and states your current address: utility bill, council tax bill, bank or credit card statement, UK photocard driving license (if this hasn’t been used as your identification document).

In case of traders in EU

• Identification documents
  Must be valid: passport, EU photocard driving license, government ID card.
• Proof of address
  Dated within the last three months and states your current address: utility bill, council tax bill, bank or credit card statement, government ID card (if this hasn’t been used as your identification document).

Traders in Rest of the World

• Identification documents
  Must be valid: passport, government ID card.
• Proof of address
  Dated within the last three months and states your current address: utility bill, council tax bill, bank or credit card statement, government ID card (if this hasn’t been used as your identification document).

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How to ensure your documents will be accepted?

As an FCA regulated broker, we are required to confirm your identity before approving your MT4 account. To ensure our Compliance Team can process your application as quickly and smoothly as possible, please ensure the documentation you provide meets the below requirements:

1. Photocard driving license

Place your ID on a flat surface, then take a clear, in focus picture of it from above as shown in the example below.

2. Government ID card

Place your ID card on a flat surface, then take a clear, in focus picture of it from above. This must be repeated for the front and back of the card as shown in the example below.

3. Passport

Open your passport to the photo page and place it on a solid surface. Then take a clear, in focus picture of it from above. The photo must include both pages as shown in the example below.

4. Proof of address

Place your document on a flat surface, then take a clear, in focus picture of it from above as shown in the example below, please make sure all 4 corners of the document is in the picture.

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What’s your next step after opening an account?

Here are your next steps selected during your account application, or after opening an account.

1. Log in to your secure client portal using your email and password
2. Navigate to the documents section
3. Upload a 1 x valid proof of ID and 1 x proof of current address

Alternatively, email your documentation to your broker or send them through the live chat service

FXPro offers 24-hour support to ensure they provide you with the best experience.

Get in touch with a member of FXPro’s team to answer any questions you might have.

Contact FxPro Support Team

Third Party Payment is prohibited

In case you are opening a corporate account, all processes will be done under the corporate name.

Meaning that you or any other corporate executives(even a founder of the corporate) cannot use the account in their name.

For example, for deposit and withdrawal, you can only transfer  funds to your corporate trading account from your bank account under your corporate name.

You can use other payment methods as long as the account is registered under the corporate name.

This is the same for withdrawals too.

It is often that CEO of the company deposits the funds to his trading account from his bank account. That is one thing prohibited from FXPro.

Visit FxPro Official Website

For the comparison of FXPro’s all trading platforms, visit the page here.

Become a VIP of FXPro

By opening a corporate (company) account with FXPro, you can directly transfer company’s fund to your trading account.

Typically corporate account has large amount of deposit and trading volume, which makes it easy to become a VIP of FXPro.

To have a premium (VIP) account of FXPro, you need to deposit at least $50,000 or trade higher volume.

By becoming a VIP of FXPro, you can get a free VPS (Virtual Private Server), tighter spread and decreased trading commission.

If you are looking to deposit more than $50,000 or trade large amount in your live account, then contact FXPro support team to discuss the opportunity.