Forex License

Having a forex broker license in the country where your brokerage firm operates is mandatory. Operating a brokerage firm without a valid license is illegal, meaning all of your trading operations are against the law.

Forex regulations and licensing issues are quite complex and it is advisable to use the assistance of a professional firm who will be able to guide you through the forex license application process. You will also gain assistance on all of the regulatory requirements brokers must meet, drafting business plans and manuals that are part of the license application procedure all to help you ensure that your license application will succeed.

DeltaQuest can assist you with the setup of your brokerage firm and can assist you in obtaining a forex license in your chosen jurisdiction.

Please complete our preliminary Forex Broker Application form or Contact Us to start the process of obtaining your own forex broker license.

As a forex brokerage firm, you will want to find the jurisdiction that can offer you the most advantages when obtaining your forex license, or broker authorization. There are numerous factors to consider when deciding on the type of license and which regulatory jurisdiction to choose, like: minimum capital requirements for a forex brokerage, corporate taxation, regulatory compliance, anti money laundering regulations, qualifications of staff, time frame for obtaining and the costs involved in getting a forex license. In some regulatory jurisdictions, the regulations for forex broker firms are less stringent, whilst others tend to have an excessive regulative approach.

Being approved and licensed by the national regulatory authority ensures that forex businesses and investment firms conducting broker activities maintain strict quality control standards and are subject to periodical audits, reviews and evaluations which force licensed forex brokers to comply with industry standards. In addition, forex brokerage firms must maintain a sufficient level of funds and liquidity in order to meet their financial obligations towards their customers and to be able to execute and complete contracts made with their clients.

 

 Print This Page