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FX brokers as banks

MrTony

well-known Member
Dec 14, 2017
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BVI
Could somebody tell how to use banks, which involved in FX activity? Could we use them as usual banks for accepting funds from counterparts and payment of invoices?
Here some examples of such banks: Saxo Bank, Swissquote, IG Bank, Dukascopy.
 
Depends if they accept third party payment first of all I guess.
Then double check the broker , as you already know big part of them are just scammers and don't allow you to withdraw your funds.
Last point, how will you explain them to pay for you different suppliers.
My opinion: sounds risky for your money
 
Could somebody tell how to use banks, which involved in FX activity? Could we use them as usual banks for accepting funds from counterparts and payment of invoices?
Here some examples of such banks: Saxo Bank, Swissquote, IG Bank, Dukascopy.

I have talked with a banker from Saxo some time ago
She told me, that (obviously) Saxo is Investment bank
So, you can make few transfers per month for you commercial activity, but investments might be main purpose of the account
 
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