Broker License Checklist
Forex Broker License – Applicant Check-List
We prepared this page in our continuous effort to simplify the procedures our clients have to follow in order to effectively achieve their forex license or investment licensing goals. Our web site has been designed in a friendly user way and can minimize the preliminary correspondence to arrive to concrete decision. Please see our forex brokerage check-list of major issues which must be considered by a prospective forex broker license applicant when deciding to apply for a forex broker license:
1. Minimum Capital Requirements
Every investment or forex brokerage firm must deposit minimum capital as required by relevant capital adequacy legislation of the country where licensing application is submitted. Please Contact Us in order for us to advise you on what are the minimum capital requirements for the selected type of license in a particular jurisdiction.
2. Costs and Application Fees
Every jurisdiction has each own tariffs as regards to the applicable government licensing fees. In addition you will have to provide for legal and consultancy work, which inevitably accompany your licensing procedure. We shall be able to provide you a quotation and information upon your request.
3. Setting up your Operational Office
Most jurisdictions that regulate forex brokerage fims require that the licensee holds fully fledged office in the country where the forex broker license will be issued. We can assist you with the setting up your office as per minimum requirements stipulated by regulations.
4. Employing Qualified Staff
Forex brokerage firms and investment business must be handled by properly qualified and experienced staff in order to protect investors’ money and be able to produce positive financial results. Our employment unit can handle all relevant subjects which include selection of the personnel, immigration and work permits, drafting employment contracts and most importantly check adequacy of the candidates against key position in your firm.
5. Producing Personal Documents
All directors and beneficial shareholders of the forex brokerage and investment firm, in addition to showing their relevance to the industry and their professional experience, must produce documentary evidence confirming their good reputation, financial status and character. This is achieved by presenting business and bank references, certificates from relevant police and other law enforcement agencies and some other similar documents.
6. Software and IT Arrangements
Forex brokerage firms or an investment firm must have professional business software, which shall be required in order to conduct investment or forex business. We are in position to provide advise and assistance on selection and acquisition of required software as well as advise you on your servers and other hardware configuration.
7. Marketing and Promotion
Having a broker license and the complete setup of your forex business does not by itself guarantee that you will get customers. You will have to make them know about your existence and services by setting up and implementing a feasible marketing plan and employing marketing techniques. DeltaQuest has knowledge and expertise to create tailor made marketing plan for your forex brokerage firm and to provide you with unique marketing techniques and ways in order to get maximum marketable exposure and success in order to attract clientele to your forex business.
Complete our Forex License Application form
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