BankMyCapital

Forex & trading · Banking & EMI

Segregated accounts, live in 23 days

01Situation

A forex broker running MT4/MT5 infrastructure needed a client-fund segregation account as a condition of maintaining its regulatory standing, and had already been turned down by four institutions that either did not offer true segregation or would not accept a forex-brokerage client base at all.

Each prior application had asked a generalist bank for a segregated structure that bank did not actually offer as a product, which meant the rejections were a product mismatch dressed up as a risk decision.

What was actually broken
02Diagnosis

The broker's applications had targeted institutions by size and reputation rather than by whether they held a segregated-account product built for regulated brokerages. None of the four prior targets had that product in their catalogue.

The regulator's segregation requirement was specific about commingling and reporting, and the broker's existing operational setup had no clear audit trail for client versus operational funds, which would have failed review even at an institution willing to open the account.

The route we placed
03Mechanism

Jurisdiction and structure type only. We never name the institutions involved.

  • 1

    We matched the broker to an EMI whose core product is segregated client-fund accounts for regulated forex brokerages, eliminating the product-mismatch problem at the source.

  • 2

    We built the operational segregation the regulator and the EMI both required: separate ledgers, a documented reconciliation cadence, and a reporting format matching the EMI's compliance template.

  • 3

    We sequenced the account opening to close before the broker's regulatory deadline for demonstrating segregation, avoiding a compliance breach on the broker's existing licence.

Week by week
04Timeline

From fourth rejection to a compliant segregated account, inside the regulatory deadline.

Week 1, days 1-5

Product-fit shortlist

Identified EMIs whose core product is segregated client-fund accounts for regulated forex brokerages, ruling out the generalist banks the broker had already tried.

Week 2, days 6-12

Segregation build

Built separate ledgers, reconciliation cadence, and reporting format to the EMI's compliance template ahead of submission.

Week 3, days 13-19

Application and review

Filed the application with the segregation evidence attached upfront rather than requested after the fact.

Week 4, days 20-23

Account live

Segregated account approved and funded inside the broker's regulatory deadline for demonstrating compliant segregation.

05Outcome
Prior rejections
4, all product mismatches
Time to live account
23 days
Regulatory deadline
Met with days to spare
Structure
True client-fund segregation, audited ledgers
06Your case

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