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    • rosco92
    • By rosco92 4th Dec 17, 12:40 PM
    • 1Posts
    • 0Thanks
    Bank Account for Investment Trading
    • #1
    • 4th Dec 17, 12:40 PM
    Bank Account for Investment Trading 4th Dec 17 at 12:40 PM
    Good afternoon,
    I hope you're well. A friend and I have incorporated a business to start trading cryptocurrencies, however, getting a business account set up is proving difficult.

    I've just been into Santander and been informed that without FCA registration they, nor other high street banks, will allow us to have a business account. I have read through the FCA guidelines and it talks about needing it for investment management, however, there are no guidelines around investment fund management for cryptocurrency trading. This leaves us between a rock and a hard place as we are not able to get investors money into an account - cannot use a personal account otherwise HMRC will be on alert - and we can't get any guidance on it from the regulator we need help from.

    Clients investment > Our account (business) > we trade their investment on a trading exchange > we withdraw their investment with returns from exchange into business account > send money back to clients but take a commission.

    How can we get ourselves a business account and ensure that we are all above board?

    Thank you,
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