So I learned the hard way, the 50k limit is a general limit on individuals. Unless you have a business bank account and been previously cleared for forex, you are stuck.
It seems the law is that you can open an arbitrage company, but that would require you to put money into the business and be accepted then still by a bank as a customer. Other ways are by piggy backing on existing companies who do import/export and put the money on top. That is though then very suspicious and I think will get you into Money Laundry investigation in no time.
I have been doing as such Arbitrage with China now, only about 6%, but that pretty consecutive and wiring about 20k back daily.
It seems the law is that you can open an arbitrage company, but that would require you to put money into the business and be accepted then still by a bank as a customer. Other ways are by piggy backing on existing companies who do import/export and put the money on top. That is though then very suspicious and I think will get you into Money Laundry investigation in no time.
I have been doing as such Arbitrage with China now, only about 6%, but that pretty consecutive and wiring about 20k back daily.
There is not premium with China now.. its actually cheaper there.
