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Thread: OPENING AN ACCOUNT IN THE NAME OF A CLOSE CORPORATION

  1. 08-25-2011, 06:34 AM #1
    Eric Davies
    Eric Davies is offline Registered User
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    Aug 2011
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    1

    OPENING AN ACCOUNT IN THE NAME OF A CLOSE CORPORATION

    Hi

    I live in South Africa and would like to initially open a practice account and then a micro before upgrading to a standard account. However I would like to do so in the name of a close corporation. Is this possible or must the accounts be in the name of an individual?

    Kind regards
    Eric
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  2. 08-25-2011, 02:30 PM #2
    Rob at FXCM's Avatar
    Rob at FXCM
    Rob at FXCM is offline DailyFX Administrator
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    Apr 2010
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    Hi Eric,

    Since corporate accounts can only be opened as Standard accounts, you will need to put the practice account and Micro account in your own name. This is what I would recommend.

    1. Setup practice account (Under your name): FXCM Standard Demo (Microlots enabled)
    2. Apply for Micro account (Under your name): FXCM Micro Account
    3. Apply for Standard account (Under your corporation): FXCM Standard Account

    Let me know if you have any further questions directly at rob@fxcm.com

    Thanks!

    Rob


    Quote Originally Posted by Eric Davies View Post
    Hi

    I live in South Africa and would like to initially open a practice account and then a micro before upgrading to a standard account. However I would like to do so in the name of a close corporation. Is this possible or must the accounts be in the name of an individual?

    Kind regards
    Eric
    Add your post to join the conversation or contact me directly at rob@fxcm.com!
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