Offshore Private Banking services for FX and Stock Traders

Forex and stock traders – did you know that you can easily trade in foreign exchanges, and do so without the need to use external brokerage services? Read on to learn more.

If you are a seasoned trader, I'm sure you are well-aware that the first step to trading online is to open a brokerage account. The best (well-known) and logical way to do so is by signing up with a trusted and well-respected stock broker.

However, there is one more entity to consider, especially if you are interested in trading FX and stocks without involving a brokerage firm: How does trading using an offshore private banking's services sound to you?

A brief about private banking

By definition, private banking is financial services provided by banks exclusively to individuals who categorically have sizeable assets, and typically have a high income. On the contrary to retail banking, private banking's services are offered on a more personalized manner.

What many don't know is that private banking also offers numerous banking, investment, and other financial services that are only accessible to the above-mentioned clients. The services include but not limited to precious metal investing, FX/stock investing, mutual funds, CDs, institutional sales and wealth management service.

What many don't know is that private banking also offers numerous banking, investment, and other financial services that are only accessible to the above-mentioned clients. The services include but not limited to precious metal investing, FX/stock investing, mutual funds, CDs, institutional sales and wealth management service.

Offshore private banking offers more than onshore banking

Private banking can be onshore or offshore. But if you want more perks with your FX or stock trading activities, you may want to consider to go offshore. But why offshore private banking is more favorable to your trading activities?

Simply put, offshore private banking services include all the onshore private banking services, with one major perk: Additional features that are exclusive to offshore banks.

So, not only you have access to personalized banking, investing and other financial services, you also have access to banking secrecy, stable jurisdiction that is allegedly more stable than your home country, favorable – and fairer – tax laws, and top-notch financial services that can be accessed without the need of your physical presence.

Related: 5 Reasons Forex and Security Traders Need to Set Up an Offshore Company

Which jurisdiction traders should consider?

There are offshore jurisdictions that are recommended for private banking, but one of the best that we recommend is Saint Vincent and the Grenadines (SVG).

SVG is an island-country located in the Caribbean. It's an independent sovereign country with a strong reputation in the legal system, favorable privacy laws and beneficial banking regulations.

SVG, similar to other offshore jurisdiction, offers absolute confidentiality and secure online banking service. But unlike many others, our partner bank in SVG also offers a full-range of financial services offered at a personal level, including :

  • Gold- and Silver- backed bank account
  • The world’s first true Gold Backed and Silver Backed Debit Card
  • Access to a multi-currency facility (USD, EUR, GBP, and more...)
  • Precious metal investing
  • FX trading
  • Online Banking
  • Mutual funds
  • Managed accounts
  • ...and many more.

For traders, our partner bank in SVG offers the popular MT4 (Metatrader 4) FX brokerage platform, as well as GTS TradeStation multi-product online trading platform.

Takeaway

Please note that, just like a brokerage firm, there are fees and charges that are related to your trading activities. Make sure you are well-informed regarding the fee schedules.

As always, please do your due diligence in deciding the best offshore bank jurisdiction for you. If you are still considering your options, please read our tips on choosing the best offshore bank.