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FAQ - FAQ General

FAQ General

What Are LOYEX's opening hours?
Is Loyal Bank audited?
When was Loyal Bank founded?
What is LOYEX?
Is Loyal Bank regulated?
How can I open a current account with Loyal Bank in order to be able to trade FX?




What Are LOYEX's opening hours?

Sunday 23:00 CET through to Friday 23:00 CET. You will be able to trade at any time when the markets are open.

Is Loyal Bank audited?

Loyal Bank Ltd is audited by KPMG, a world leader in audit, tax and advisory services.

When was Loyal Bank founded?

1997.

What is LOYEX?

LOYEX is an investment/securities trading service of Loyal Bank Limited.

Is Loyal Bank regulated?

Yes. Loyal Bank is regulated by the International Financial Services Authority.

How can I open a current account with Loyal Bank in order to be able to trade FX?

You can download the bank account contract and account opening form from Loyal Bank's website.

To open a personal current account please complete the:

Please make sure you submit the following documents with the Loyal Bank personal account application form and contract:

  • Notarized Copy of passport for the Account Holder and Additional Authorised Cardholder (if any) or other acceptable ID (usually a passport with the page with photo and signature). USA and Canadian citizens please provide a notarized copy of your Driver's License.
  • One copy of a recent utility bill for Account Holder and Additional Authorised Cardholder (if any).
  • A recent Bank statement for the last 3 months for the Account Holder and Additional Authorised Cardholder (if any).
  • A recent Bank reference for Account Holder and Additional Authorised Cardholder (if any).

To open a corporate current account please complete the:

 

Please make sure you submit the following documents with the Loyal Bank personal account application form and contract:

  • A notarized copy of the Certificate of Incorporation /Certificate of Good Standing of the company
  • A notarized copy of the Memorandum and Articles of Association/Incorporation of the company
  • Description of the nature of the business activity of the company on company letterhead signed by the Director(s).
  • Resolution of the Board of Directors of the company authorising opening of the account and conferring authority on the person who will operate the account
  • Notarized Copies of current passport or other acceptable ID for Authorized Person, Additional Authorized Persons (if any), all Directors/Officers and Beneficial Owners.

A notarized copy of Driver's License is also required for USA and Canadian citizens.

  • Notarized Copy or original of a recent Utility Bill or a Bank Statement as a proof of address for the Authorized Person, Additional Authorized Persons (if any), all Directors/Officers and Beneficial Owners.
  • Recent Bank References for the Authorized Person and Authorised Persons (if any) as well as for all Directors/Officers/Beneficial Owners.