We are actively continuing to increase the number of bank accounts in order to diversify and choose more reliable banks among our partners. A client with a deposit of several thousand dollars may not be concerned about where his or her money is kept. However, when it comes to the thousands of customers of our company, total deposits reach several million and therefore Forex4you needed to address this issue properly.
We are pleased to announce a new partner bank to service bank payment transactions and segregated storage of client funds in one of the largest private banks of Czech Republic – PPF Banka A.S.
We have opened bank accounts in several currencies (EUR, USD, GBP, CHF).
To fund your account via a bank transfer to the Czech PPF Bank you must be verified and pay your invoice via Trader Room.
We are actively developing cooperation with the largest participants in the financial market. This latest partnership with a bank marks the first step in a major expansion of Forex4you bank and brokerage accounts that in the near future will affect the improvement of trading conditions and, in particular, reduce the spreads for clients. This is possible thanks to the achievements of our company, showing high and stable financial performance in recent years and obtaining a license in the autumn of 2012.
We also decided to clarify the information about the banks in which funds from clients are kept and to give a brief description. In the near future we will make a “Funds Storage” available in the Trader Room, where all clients will be able to see in which banks funds are stored in separate accounts of the Company’s funds (segregated accounts).
Forex4you is a trademark of E-Global Trade & Finance Group, Inc. Company is registered in the British Virgin Islands (registration no: 1384287) in 2007. Main shareholders: private individuals. E-Global Trade & Finance Group, Inc is authorized and licensed by the Financial Services Commission (“FSC”) under the Securities and Investment Business Act, 2010 (“SIBA”) in the British Virgin Islands (“BVI”). The scope of activity of E-Global Trade & Finance Group, Inc. is providing foreign exchange brokerage services on the Internet using electronic payment systems. In 2012, the company increased monthly turnover to over 15 billion USD; the total of active accounts of the company for one trade in 2011 was equal to 93,979. The number of employees is about 90 people. The main suppliers of liquidity are licensed companies based in London (UK). In 2012, the company introduced its own technology for the aggregation of liquidity. It also owns offices of a total of 1161.5 square meters.
PPF Banka A.S. was founded in 1992 under the name ROYAL BANKA CS, A.S., and has been fully integrated into the financial group PPF since 2003. In 2004 it was renamed PPF Bank A.S. PPF Bank is an integral part of the financial and investment PPF Group. The principal activities of the bank are in providing banking, financial, investment and consulting services. Customers of PPF Bank are primarily financial institutions, and medium-sized and large enterprises. The bank specializes in the sale of securities, primarily to professional investors in Europe, the U.S., Russia and a number of Asian countries. In recent years PPF Bank has gained a reputation as a solid and reliable partner in the financial community and among clients. This situation and the strategic role of the PPF Group allow the Bank to achieve optimal financial results. The majority shareholder (92.96%) of PPF Bank is PPF Group NV; a minority interest (6.73%) is held by “Capital of Prague.”
PPF Group – one of the largest investment and finance groups in Central and Eastern Europe. Currently, its assets are around 12.4 billion euros. The main activities of the group are banking, insurance, real estate, energy, mining and agriculture. PPF Group is represented in Central and Eastern Europe, Russia and Asia. The main shareholder of the group is Peter Kellner (94.25%), who also features in the TOP-100 list of Forbes.
Main building of PPF Banka in Prague