Why is it so difficult to open an account for a Ltd company?


Junior member
28 1
I used to have a trading account with IB for my Ltd company. I closed it a few years ago. Now I wanted to open another one, but the amount of obscure paperwork they demand is unbelievable.

IB want a utility bill in the name of the company. I haven't got one because my company operates from my home, and all utility bills are in my name.

Then they want a less than 6 months old notarised extract from the register of companies (whatever that means). They clearly don't want my certificate of incorporation because that's got a date of 2001.

Degiro want a notarised board resolution. Why notarised?

Degiro also want "Recent (not older than three months) and official copy of the registration with the Chamber of Commerce". What!? Why do I suddenly have to join a random chamber of commerce? And what if I joined last year?

It's absolutely insane.
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