Blog Details

Home  Blog Details

Starting Your Own Forex Brokerage

by | Aug 6, 2020 | Incorporation

Since Forex and CFD trading came online from 2000, the number of retail online foreign exchange traders has grown many folds over the span of 20 years. Brokerages introduced the Introducing Broker scheme, thus creating and evolving into brand new careers and businesses such as social trading, follow or copy trading, and many other support services that circumference the brokerage business. Many introducing brokers who had done well within the past two decades are slowly transforming themselves into broker/dealers themselves, or into other relevant financial businesses, such as crypto-exchanges.

The trading platform is a crucial tool for the broker. Trading platforms are commonly used in the retail investor space. For the institutional trading space, CQG, TT, Currenex, FXAll, or bank’s customized platforms still remain common for execution and data reading purposes. For the retail and crypto trading space, trading platforms with their proprietary charts or more commonly with tradingview charts are used.

Three types of Forex & CFD trading platform owners:

1st Type: Full Software License

2nd Type: The Professional White Label

3rd Type: The Startup White Label

For the established broker/dealer, well-endowed financially, has a strong support team, and is very experienced with managing a mature Forex and CFD brokerage operation, obtaining full licence of a trading software is greatly preferred. Ownership of the software’s full license will allow the company to have access to the trading platform in entirety. All permissions could be opened without have to seek approval from a third party.

For full unrestricted access to your trading platform, your initial capital required to start business will be higher than the Startup and Professional level white label platform solutions.

Server locations are very important; customers complaining about ultra-low speed, delays in execution and having a Liquidity Provider with deep market liquidity are all crucial and basics to maintaining your reputation as a reliable broker.

Partners working with us have access to markets like Bitcoins, Stocks, Futures, Metals, Energy and Agricultural. Partners who apply they full licence software and white label solutions through us will also have access to fund management tools like the PAMM (Percentage Allocation Management Module), MAM (Multi Account Manager), PAMM and MAM integrated to your ECN provider, and other unique fund manager execution systems. Our role in this business is to help the entrepreneur in the broker dealer business reach their business objectives. Attract more customers so they can create more transactions.

A good trading platform must be prescribed with a robust CRM system. A robust CRM system helps you better manage customer information, and the greatest value comes in the data collected. These data will help you in evolving your business and create opportunities for you by understanding your customer’s real needs. Create a private space where your clients can make payments to you with privacy. This is one of the pre-requisite of an ideal CRM customer support portal. We are positioned strongly to offer Asian based payment solutions to our partners. To know more about how to setup your brokerage or if you require specific solutions in one of the area above, reach us, and we will get back to you ASAP.

To find out more about Forex Brokerage information, please contact us.

Related Posts

The Startup Broker Dealer in 2024

The Startup Broker Dealer in 2024

It is essential to start a broker dealer business with proper business registrations and licenses,  without a proper setup, this could lead to restrictions in compliance with international laws and limit the ability of the broker dealer to receive payments. Most...

read more
Incorporate a St Lucia CFD Broker

Incorporate a St Lucia CFD Broker

The forex and CFD broker dealer industry continues to attract entrepreneurs worldwide, drawn by its potential for substantial returns. However, navigating the regulatory landscape is crucial before venturing into this highly regulated sector. Why Choose St. Lucia for...

read more

Why Brokerages Need a License

We have seen many innocent investors fall victim to early stage brokers operating without a license, and had shut down their operations as they couldn’t pay up a client’s earnings. Whenever this happens, victimized customers do not have any avenue to seek compensation...

read more