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UK Business bank account for prop trading
- Thread starter traeder
- Start date
I am going to set up a limited company for Proprietary trading in UK. I heard most of UK bank won't open the business account for prop trading company. Any bank you recommend? thanks
Ask your clearing company for a recommendation.
Why?I am going to set up a limited company for Proprietary trading in UK.
My accountant told me it will be very difficult for a prop trading company, and I have been turned down by one of the banks once I mentioned "Financial trading", and they said they don't have the knowledge in that area, so won't be able to open an account for me. Anyone has experience to successful open a business account for prop trading? if so, which bank do you use? and what do you put for the type of the business?
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that is a good idea. Will that be a lie? I know HSBC will require to submit a business plan when applying.Say the account is for an investment company.
you mean the citi bank or one of the branch in the city for any of the bank. can you suggest with any bank name? we are in LondonOpen the account in the City. There are plenty of proprietary trading companies with bank accounts there.