If you wish to invest assets and trade on behalf of your company, a business account may be the right choice for you.
Your Benefits at a Glance:
- Secure and reliable 24/7 trading platform
- 0 fee structure for trading on our F.A.S.T. Exchange
- Dedicated business account specialist
- A wide range of simple and easy-to-use features
- 0 incoming transfer fees
Requirements
You should have representation rights for the business you plan to register and wish to invest assets on behalf of. We will need the following essential documents to review for opening a business account:
- A recent company register excerpt (no older than 2 months)
- Bank account statements of all relevant bank accounts used for deposits/withdrawals showing the company name and your IBAN (no older than 2 months)
- Legal authorization to act on behalf of the company you want to register (if not apparent from previous documents)
- Most recent financial statements available (annual account, balance sheet, Profit & Loss statement)
- A dated and hand-signed organizational chart showing the company structure, including ownership percentages (if the ownership structure has more than one level and must show the levels up to the ultimate beneficial owners)
- Current and official shareholder list or equivalent (where applicable, depending on company type)
Depending on the nature of your business, we might need to request additional documents. To provide you with the best possible service, we will also require some information about your business and intentions:
- Description of your business model
- Intended use of the business account you want to open with us
- Expected total investment for the respective year
Additionally, you will need to complete biometric verification as part of the online application.
How to Start
If you wish to start onboarding as a business, please visit our login page, click on sign up, and choose Institutional.
Frequently Asked Questions (FAQ)
Why are these documents and information required?
Since January 10, 2020, companies like One Trading have been legally obliged to obtain a minimum amount of information from their users in the European Union to combat money laundering and terrorist financing, commonly referred to as Know Your Customer (KYC) practices.
As a Virtual Asset Provider registered with the Italian OAM (Organismo Agenti e Mediatori), One Trading is subject to the national implementation of the 5th European Money Laundering Directive passed on January 10, 2020.
In accordance with our legal obligations, we are required to obtain information on our customers (both natural and legal), as well as the purpose of the intended business relationship. There is no way to circumvent this process.
What is a company register excerpt?
To get to know our potential clients and determine the identity and seriousness of their application, it is necessary to provide an extract from the company register of the respective country. This document contains all information about companies such as their name, address, business sector, ownership data, etc.
Companies based in the United Kingdom (UK) will need to provide a Company Snapshot or Certificate issued by Companies House.
Why do you need an organizational chart of the company?
In addition to business information, we also need to understand the ownership structure and identify the ultimate beneficial owners (natural persons) who directly or indirectly hold at least 25% of the shares of the company.
We are a start-up and don’t have financial results available yet. What can we provide?
For young companies or start-ups without financial statements, we require a detailed business plan including a financial forecast instead.
Who is allowed to sign up for a business account?
The person signing up must be authorized to act on behalf of the company (e.g., Director, Manager, CEO) as seen in the company register excerpt.
I have a power of attorney. Am I allowed to sign up for a business account?
No, this is not possible.
Who is allowed to sign the documents?
All documents must be signed by the representative(s) of the company. If joint representation rights apply, we need the signatures of all relevant representatives.
How long does the review take?
If the necessary documents and information are provided accurately, the review process can be completed within several days.
My application has been rejected. Why?
One Trading reserves the right to decline business account applications for several reasons.
How are my private information and the provided documents stored?
Data protection is of the utmost importance to us. We keep our users' data encrypted in a restricted-access database and implement many other security measures in accordance with section 32 GDPR. For further information, please check out our privacy policy.
Can I use my private bank account for transfers from/to my business account?
Business accounts may only be used for business purposes and on behalf of the registered company. Thus, deposits or withdrawals are only allowed to bank accounts with the same business name.
What should I do in case of any change in the company (e.g., company name, director, address, bank account, etc.)?
Any changes must be reported to us immediately during the business relationship, together with the relevant evidence.