Participating in the forex business offers numerous advantages, especially for those operating as forex brokers in the market. Firstly, the forex market boasts immense business potential, with trillions of dollars in daily turnover. As a result, forex brokers offer a wide range of trading opportunities to their clients, including trading in currencies, commodities, and indices.
Secondly, the forex market is highly liquid, meaning it is easily accessible and provides a wide array of trading opportunities. This allows brokers to swiftly and efficiently execute client orders and adapt flexibly to market changes.
Moreover, participating as a forex broker allows for targeting a broad spectrum of traders, including individual investors, institutional traders, and corporate clients. This creates diversified trading opportunities and enhances the broker’s market share.
Finally, participating as a forex broker offers the opportunity to establish passive income streams. Brokers often charge trading commissions and spreads to their clients, which can provide a stable source of income in the long term.
Overall, participating in the forex business offers numerous advantages, including immense trading potential, liquidity, diversified trading opportunities, and passive income streams. Therefore, many opt to engage as forex brokers in the market.
We are pleased to present you with the most relevant solutions for forex activities. Below, you will find basic information about the available options to suit any budget.
Company formation and acquiring a Forex license in Anjouan
The license encompasses the following activities:
– Trading with shares and other securities
– Financial consulting services
– Asset and fund management
– Depository services
– Clearing operations
– Issuance and underwriting of securities.
Advantages:
Taxation – 0%
No requirement for authorized capital
No need for local directors and AML officers
No obligation for a local office rental
Standard KYC documents required for license acquisition
Timeline: 3-4 weeks
Price – upon request
Company formation and obtaining a Forex license in Labuan
The license includes the following activities:
– Matching counterparties for financial products in the money or foreign exchange market
– Receiving payment for services as brokerage or commission fees
– Acting solely as a mediator, not as a principal
– Providing CFD in money and FX.
Advantages:
Taxation – 3%
Option to open a bank account in a local bank
Required deposit for authorized capital – RM 500,000
Need for at least 2 directors and a shareholder with relevant experience
Mandate for a local office and at least 1 employee
Timeline: about 6 months
Price – upon request
Company formation and acquiring a Security Dealers License in Vanuatu
In line with the 2021 legislation amendments in Vanuatu, the license is categorized into 4 classes (A, B, C, and D). Our legal experts will guide you on the suitable license class for your activity type.
The license covers the following activities:
– Forex brokerage
– Stock brokerage
– Trust management of third-party funds
– Fund management, etc.
– Activities related to cryptocurrencies, including blockchain.
Advantages:
Taxation – 0%
Required deposit for authorized capital – 50,000 USD (to the account of the Vanuatu VFS regulator)
Mandatory insurance policy acquisition – cost starting from 15,000 EUR (additional payment)
Need for a local director
Need for a local office
Standard KYC documents required for license acquisition
Timeline: 4 months
Price – upon request
Company formation and acquiring a Securities Dealer License in Seychelles
The license comprises the following activities:
– Issuing Managed Account Products
– Trading on behalf of others, etc.
– Collecting Deposits from third parties
– Offering trading in Forex or CFD
– Developing own price and fee schemes (managed account fees, profit shares, spreads, mark-ups, etc.)
Advantages:
Taxation – 0%
Required deposit for authorized capital – 50,000 USD
Need for at least 2 directors with relevant experience
Mandate for a local office
Mandate for a local Compliance officer
Timeline: from 3-4 months
Price – upon request
