IN SEARCH OF A FIRMENDEPOT?
The depot for business customers
While access to the international financial markets has become increasingly easier for private investors in recent years, opening a securities account for companies is still often associated with some hurdles. In addition, the offerings of many online brokers are aimed exclusively at private customers.
If you are interested in opening a company depot, please feel free to contact us at Contact to our team to discuss any questions you may have prior to your application. We have already compiled some of the most common initial questions before opening a company depo on the following page: Questions and important documents before the company depo opening.
Open a custody account now and Company account use
If you are interested in opening a corporate account, please feel free to contact our team to discuss any questions prior to your application.
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More InformationTips from a tax consultant Roland Elias
TRADER GMBH! - When is it worthwhile and what do you need to know? Are you considering whether you should set up a company as a private investor in order to possibly enjoy tax advantages?
Then feel free to watch our video, which we created together with tax consultant Roland Elias.
Frequently asked questions about the Company account
For more information, please visit our Help Center
Do the conditions differ between a company custody account and a private custody account?
The conditions of a corporate custody account do not differ from a private account structure. Only the costs of the market data packages (real-time prices) are higher for company accounts, as you are automatically classified as a commercial customer.
What is the minimum deposit in a corporate custody account?
The minimum deposit for a corporate securities account is €25,000, which can be made either in the form of a deposit or an incoming Deposit transfer can be provided.
How long can I expect the opening process to take?
Please note that there are different levels and involved departments (New Accounts > Client Risk Assessment > Compliance) when opening a corporate account. They need a certain amount of time to review your documents and information. A general processing time is difficult to predict due to the tier structure and the sometimes high volume.
Note: Please start the opening process only when the opening of your company has already been completed and you can retrieve the required documents.
What kind of documentation of my custody activities do I receive in a corporate custody account?
The documentation of their custody account activities is also carried out as in a private account structure, in the form of a standard Account statement.
Do I need an LEI number (Legal entity identifier)?
The Legal Entity Identifier (LEI) is required for corporate securities accounts in accordance with Art. 9 EMIR for the purpose of reporting over-the-counter (OTC) derivative transactions to trade repositories. EMIR mandates the reporting of OTC derivative contracts to increase transparency in the derivatives market. As part of this reporting, counterparties to the transaction must be identified using a unique code, which for legal entities is the 20-digit LEI.
What is EMIR?
The European Market Infrastructure Regulation (EMIR) is intended to contain systemic risks in the European derivatives market. EMIR imposes obligations on certain parties to derivatives transactions. This includes some notifications to BaFin and ESMA. For more information on EMIR, please visit BaFin's website at. European Market Infrastructure Regulation (EMIR).