Main Aspects of Getting Forex License
Do you want to launch your own commercial project as a broker? Then one of the main points that should be given special attention is getting Forex Broker License. Certified FX is required to fulfill certain rules and perform its operations in accordance with strict norms established in state where enterprise is registered and licensed. If you are licensed Forex trader, it favorably affects firm’s image, increasing profitability in the mind of target audience, and, accordingly, contributing to prosperity.
Where to get a Forex license
Main thing brokerage firms starting its commercial journey needs to think about is the location. It’s worth noting here that real organization’s location and its registration place do not have to match. When choosing a state for registering an enterprise, it’s essential to take into account many nuances, in particular, the specifics of whole process, expenses needed to cover commissions, tax base, and so on.
Commonly chosen spaces for getting Forex trader license are states with a high level of economic development, in particular the UK, USA and Australia. Official permission to operate in one of above states is a guarantee company’s operations will be more inviting to potential partners and gain confidence from traders. The presence of permission also greatly simplifies the procedure for creating banking account, including that firms may count on a reduced commission fee.
Nevertheless, opening organizations in these states may be connected with a requirement for a large capital needed, which will become an obstacle for novice brokerage firms. In this case, it is optimal to turn to several alternative variants.
Jurisdictions popular among FX entrepreneurs
Here we should mention Cyprus. There’re several reasons why FX brokerage firms select this state to develop their commercials.
- Cyprus is an EU member; it gives brokerage firms opportunities to provide services throughout EU, interacting and cooperating with all EU members.
- Low corporate tax rate.
- Dynamic development of financial segment.
- Qualified workforce.
Getting Forex trading license in Cyprus costs from 40 to 100 thousand euros. Whole self-licensing process lasts about six months.
Another platform for launching and promoting Forex activities is Malta. This’s a secure commercial space for this direction as Malta has a strong regulative frame and is an EU member. The organization needs to have a start-up capital of 730 thousand euros.
Offshore Forex licensing
Faster option is to get Forex brokerage license in Hong Kong. This permit is more suitable for businesspersons having less initial capital. In these states, there are light norms regarding the amount of starting capital, as well as more loyal regulative rules. Many brokerage firms select this option, though it is not as prestigious as above.
Most demanded offshores for getting Forex licenses are Seychelles and Mauritius. In second option, initial capital norms are put forward in the amount of just over $20,000. Whole procedure lasts about five months. New Zealand and Vanuatu can be mentioned among other low-cost variants: these states have lower costs for obtaining a permit and more loyal basis for regulating FX environment.
Procedure of getting permission can be quite complicated. That is why, better way to conquer this niche is to buy Forex license firm as a turnkey option.
Forex broker license for sale: a simple option even for beginner entrepreneurs
Forex license for sale is great way to get started in the brokerage structure fast and not bearing extra cost. In addition, you will be able to protect yourself from possible difficulties and potential troubles connected with such a process.
Do you need a license to trade Forex? We’ll help you buying a ready-made FX broker license. Our experts will not only advise you on all your questions, but also provide full support from the beginning to the end of the transaction. ELI-Deal has a huge number of ready-made companies for sale – one of them is already ready to become your reliable source of income.
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Here are presented Cyprus forex broker licensed companies for sale! Overview of Cyprus forex broker licensed companies for sale A corporation with a STP license in Cyprus (details are coming) Only a full share transfer is allowed. There was no activity during the shareholder application process. A Cyprus-based STP licensed company The company has a four-year license. The share capital should be 150 000 euros....
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