Key takeaways
- Most brokers use one or more PSPs alongside a corporate bank account.
- PSPs ask for the same clarity as banks: ownership, licence or legal opinion, business model.
- A certified PSP confirmation letter can support a MetaQuotes file.
- Regulated licences open access to more mainstream providers.
Why brokers need PSPs
Clients fund accounts with cards, bank transfers, e-wallets and local payment methods. Payment service providers handle this acquiring, often across many countries, while the bank account holds company funds.
What PSPs ask for
- Corporate documents and UBO identification.
- FX licence or legal opinion.
- Website with terms, risk warning and restricted jurisdictions.
- Expected volumes, countries and chargeback controls.
- AML/KYC policies.
PSP letters and MetaQuotes
MetaQuotes asks for a bank reference letter. Where a business operates mainly through a payment provider, a certified PSP confirmation letter can support the file. See bank reference letter guide.