Business bank account for prop trading

traede

Newbie
4 0
I am going to set up a limited company for Proprietary trading. I heard most of UK bank won't open the business account for prop trading company. Any bank you recommend? thanks
 

traede

Newbie
4 0
Anyone? My accountant told it will be very difficult for 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?
 

f2calv

Experienced member
1,317 277
Barclays did it for me without any issue whatsoever - I just had to specify I wasn't trading other peoples money just my funds [as of course you need qualifications etc to trade other peoples money].
 

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