We can assist you in obtaining a Forex license from jurisdiction we listed below and will provide with their regulatory and broker licensing needs in order to lawfully operate as a brokerage firm in the foreign exchange industry
We will advise you where it is best to apply for a Forex license and provide you with full services including: company formation, compliance advisory, all the essentials requirements to start a Forex company, merchant account and business account opening, nominee directors, office service etc.
The procedure of applying for a Forex license can be difficult without professional firm. Using a professional firm to help you through the entire license application process can ensure that you follow all the correct procedures and supply the correct documents to the regulatory authority.
-$20 million of freely accessible capital, (clients’ deposits not included).
-Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.
With a certain level of protection for the clients of Forex companies.
Cyprus (CySEC– the regulatory body)
Malta (MFSA– the regulatory body)
New Zealand (FSP– the regulatory body)
-A local office is required.
-There is a low level of reporting and the taxes are quite reasonable.
-$30,000 accessible capital is needed, which varies by license type.
-The price to obtain the license is about $35,000-50,000 for legal services
-Takes about six months once the documentation is provided to the government before the license is granted.
-Opening a bank account is easier than some of the jurisdictions below.
Belize the most favourable (FSC– the regulatory body)
BVI (FSC– the regulatory body)
-These countries do have regulations and license requirements, so you will have a license to show prospective clients and post on your website to gives clients a level of comfort.
-Licensing process takes about 3-4 months,
-The whole process is typically $20,000-$30,000.
-Deposit a minimum of $125,000 in your corporate account, you will have access to the money.
-With license it is much easier to open a corporate bank account.
(95% of Forex companies start without licenses)
or other offshore jurisdiction
-Jurisdictions where Forex licenses not required.
-The advantages are speed and low cost.
-The disadvantage is that, without a license it is difficult to open a bank account but possible.
-Company and Forex Licence in the Baltic countries
-The registration process is fairly short (around 2-3 months)
-Opening of the bank account is easy
-Latvia is a part of the European Union
-Popular among the beginner-brokers
European countries, licensing must comply with EU directives and European standards.
-Low costs and fast registration (it is possible to be granted a license in only 2 to 3 months)
-Very low capital requirements, only $2000 USD
-The whole process is typically under $10,000.