VANUATU FOREX LICENSE
Forex License Vanuatu
Forex license Vanuatu is the best solution for start up brokers and forex managed accounts. You can have forex bank account in Vanuatu and payment gateway with a proper forex license. Offshore forex company formation is not ever easy like Vanuatu.
Vanuatu Forex License as Offshore Forex License
There are a lot of jurisdictions for offshore forex license. BVI, Seychelles, Belize, BVI, Mauritius and St. Vincent are popular jurisdictions to start an offshore forex company. Belize forex license, Seychelles forex license, BVI forex license requires high paid up capital. These jurisdictions are not easy for a start up broker since capital requirements are over 100,000 USD. Vanuatu forex license requires only few thousand dollars and approval time is short. For example, BVI forex license, Belize forex license and Seychelles forex license approvals take around 6 months. Vanuatu forex business model is also for forex brokers accepting US clients.
Vanuatu Bank Account as Forex Merchant Account
Offshore forex companies should have proper bank account since their regulation is not clear. Some banks might choose to block merchant accounts or charge higher fees. We choose pre-defined banks for our clients which have long life and safety. We open forex merchant account and credit card gateway in the same bank. So, CRM and forex platform are integrated easily and bank accounts maintain a long time.
Unlike onshore bank accounts, the Vanuatu bank account has fewer audits. Therefore, you have a lot of time to adjust your accounting. Also, it is the popular solution for offshore forex broker for US citizens. Your company can use a credit card gateway to accept funds from the US people and the Canadian people. Because of the flexibility and ease of use, it is a good step to start a new forex brokerage.