Kantox Account Type

　　Kantox offers a range of multi-currency accounts designed for businesses, allowing them to collect, hold, and make payments in various currencies from a single interface. The accounts are available in 29 currencies and come with features such as Kantox-issued IBANs that appear in the companys name, the ability to assign accounts by currency or client, and options to auto-convert funds to save on foreign exchange conversion fees. This structure empowers businesses to manage their cash flow efficiently and cater to clients' preferred payment methods.

Kantox Broker Account Opening Process

　　Opening a broker account with Kantox involves several steps:

• Account Registration: Businesses must start by opening a demo account, which can later be switched to a live trading account.
• Documentation Submission: Companies need to provide necessary paperwork, including articles of incorporation, identities of individuals transacting, and certified documentation regarding the companys postal address.
• Compliance Verification: Kantox conducts due diligence to ensure compliance with regulatory requirements, including KYC protocols.
• Approval Process: The submitted forms are processed, which may take up to 48 hours for approval.
• Trading Access: Once approved, businesses can begin trading, with the option to request automatic trading facilities after initial verification.

　　By following these steps, businesses can efficiently set up their accounts and start managing their foreign exchange operations with Kantox.