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Forex License

Forex License

We can assist you to obtain a Forex license from the jurisdiction we have listed below and we will arrange you the broker license with the regulation in order to operate a legal forex Brokerage. We will advise you, where it is best to apply for a Forex license and help you with full services including company training, compliance advisory & all the essentials.

Categories of Forex Licenses

Level A Forex Jurisdictions

USA (CFTC, NFA– the regulatory body)

Japan (FSA Japan– the regulatory body)

  • -$20 million of freely accessible capital, (clients’ deposits not included).
  • -Extremely strict reporting required
  • -Customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

Level B Forex Jurisdictions

Great Britain ( FCA– the regulatory body)

Australia (ASIC– the regulatory body)

  • -Less stringent reporting requirements.
  • -Obtaining a license can cost around $35,00-$50,000.
  • -A physical office presence is required.
  • -$100,000 of capital is needed (non- clients funds).

Level C Forex Jurisdictions

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.
  • - Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

Level D Forex Jurisdictions

Belizethe most favourable (FSC– the regulatory body)

BVI (FSC– the regulatory body)

  • - These countries do have regulations and license principles
  • - 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.
  • - No initial principle deposit needed
  • - With license it is much easier to open a corporate bank account.
  • -Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

Level E Forex Jurisdictions

(95% of Forex companies start without licenses)

Nevis

Seychelles

St. Vincent

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.
  • - Licensing process takes about 3-4 months.
  • - The whole process is typically $18,000-$25,000.
  • - No initial principle deposit needed
  • -Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

New Countries For Forex License:

Latvia(Latvia Anti-Money Laundring Regulatory body)

  • - Company and Forex License 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.
  • -Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

Other Countries To Obtain Forex License

Ireland (Central Bank of Ireland Commission– the regulatory body)

Gibraltar (FSC– the regulatory body)

European countries, licensing must comply with EU directives and European standards.

Panama (SVN– the regulatory body)

Cayman Islands (CIMA– the regulatory body)

Hong Kong (SFC– the regulatory body)

Singapore (MAS– the regulatory body)

Mauritius (FSC– the regulatory body)

NOTE: The license claiming procedure will differ from one to another countries.

Very Popular Jurisdiction To Obtain Forex License

Vanuatu(VFSC – the regulatory body)

  • - Low costs and fast registration (it is possible to be granted a license in only 2 to 3 weeks).
  • - Very low capital requirements: bond deposit only $50,000 USD.
  • - The whole process is typically under $10,000.
  • -Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

NOTE: The license claiming procedure will differ from one to another countries.