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Thread: Start your own forex brokerage

      
  1. #1
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    Thumbs up Start your own forex brokerage

    Hello,

    I own a Financial Services Commission (Mauritius) regulated Forex brokerage company. The company is dually registered and licensed to accept client deposits and provide brokerage services (market making permitted).

    Exact license type – GBL1.

    Mauritius is considered as one of the stricter jurisdictions and not considered as “fishy” jurisdiction by traders of all breeds/sizes. It is not 0% tax but it is still about lowest in the world – 3%

    Along with the company, corporate bank acc opening with Mauritius Commercial Bank (biggest bank in Mauritius), goes free of cost (usually charged at $500).

    Free inclusions –
    Auditing for year 2011.
    Registered Office, Registered Agent, Secretary for 2011.
    Tax Filling for year 2011

    If anyone is interested in setting up the entire business as independent forex brokerage firm, we can set it up for you. It would be in full capability (you can be counterparty for your clients or make the market, provide them STP etc). Platform will be MT4 or MT5 with your company’s brand name.

    Depending upon what you are looking for, I have following to offer –

    Option 1 - License + bank account - $10,000
    Option 2 – Complete Forex brokerage setup - $15,000 (initial), $750 per month.
    Option 3 - License + bank account + Forex brokerage setup - $25,000 (initial), $750 per month.

    PS:
    a) Monthly fees is payable/charged by Metaquotes, not by us.
    b) If you proceed to setup your brokerage firm with Boston Technologies, it will cost $10,000 more than what we can do. Also, you will be placed on the same server on which about 12 other brokers will be placed. However, with us, it will be just 1 more broker apart from you (thus better and faster operations).

    Interested individuals can contact me at +91-8905697516

  2. #2
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    Thumbs up Start your own forex brokerage

    Hello,

    I own a Financial Services Commission (Mauritius) regulated Forex brokerage company. The company is dually registered and licensed to accept client deposits and provide brokerage services (market making permitted).

    Exact license type – GBL1.

    Mauritius is considered as one of the stricter jurisdictions and not considered as “fishy” jurisdiction by traders of all breeds/sizes. It is not 0% tax but it is still about lowest in the world – 3%

    Along with the company, corporate bank acc opening with Mauritius Commercial Bank (biggest bank in Mauritius), goes free of cost (usually charged at $500).

    Free inclusions –
    Auditing for year 2011.
    Registered Office, Registered Agent, Secretary for 2011.
    Tax Filling for year 2011

    If anyone is interested in setting up the entire business as independent forex brokerage firm, we can set it up for you. It would be in full capability (you can be counterparty for your clients or make the market, provide them STP etc). Platform will be MT4 or MT5 with your company’s brand name.

    Depending upon what you are looking for, I have following to offer –

    Option 1 - License + bank account - $10,000
    Option 2 – Complete Forex brokerage setup - $15,000 (initial), $750 per month.
    Option 3 - License + bank account + Forex brokerage setup - $25,000 (initial), $750 per month.

    PS:
    a) Monthly fees is payable/charged by Metaquotes, not by us.
    b) If you proceed to setup your brokerage firm with Boston Technologies, it will cost $10,000 more than what we can do. Also, you will be placed on the same server on which about 12 other brokers will be placed. However, with us, it will be just 1 more broker apart from you (thus better and faster operations).

    Interested individuals can contact me at +91-8905697516

  3. #3
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    Default Re: Start your own forex brokerage

    Please do not show this to FXBROKER lol...

  4. #4
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    Default Re: Start your own forex brokerage

    Like me you might well be wondering why all these "competitive Retail Forex businesses" would want to get into the brokerage business in the first place.


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  5. #5
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    Default Re: Start your own forex brokerage

    Dude you need millions to really start a real brokerage, not some like, black label affiliate broker.

  6. #6
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    Default Re: Start your own forex brokerage

    Quote Originally Posted by screw View Post
    Please do not show this to FXBROKER lol...
    ahahahaha, i get it

  7. #7
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    Default Re: Start your own forex brokerage

    I never knew it was that easy.

    I assume US clients are excluded from this offer unless they take exams?

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    Default Re: Start your own forex brokerage

    I'm with you on that one. If it were that easy, we would all have them and just sit back and make our living off of spreads.
    Quote Originally Posted by Sully View Post
    Dude you need millions to really start a real brokerage, not some like, black label affiliate broker.

    Pippin ain't easy, but it sho' is fun!

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    Default Re: Start your own forex brokerage

    And who's going to deposit money with that kind of brokerage? Would you feel comfortable making a deposit with Sniper Brokerage? I doubt it. You're going to go with FXCM, which happens to be publically traded on the NYSE?

    Pippin ain't easy, but it sho' is fun!

  10. #10
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    Default Re: Start your own forex brokerage

    3% tax is really low though

  11. #11
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    Default Re: Start your own forex brokerage

    Quote Originally Posted by skynet View Post
    3% tax is really low though
    Why should that matter? There's tax on everything you do, Nevada has 0% tax



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  12. #12
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    Default Re: Start your own forex brokerage

    No, Nevada has no state corporate tax, your stillpaying super high federal income tax like 25 percent or more depending on how big your company is

  13. #13
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    Default Re: Start your own forex brokerage

    You say tomato, I say tomatoe...

    The matter at hand here is it wise to try and become a broker, really just an IB for a broker at this point without real knowledge of the market? I guess sales skills could come into major play but being able to answer some basic market questions is vital.

    Just makes you wonder how many brokers out there are just IBs for someone else.



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    Default Re: Start your own forex brokerage

    Leave your vegetables in your salad, I'm tellin you straight forwardly that Nevada has tax, no state tax but federal tax still applies. It's common knowledge.

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    Default Re: Start your own forex brokerage

    Quote Originally Posted by sniper012 View Post
    And who's going to deposit money with that kind of brokerage? Would you feel comfortable making a deposit with Sniper Brokerage? I doubt it. You're going to go with FXCM, which happens to be publically traded on the NYSE?
    Sniper Brokers, shooting down pips for your clients one pip at a time

  16. #16
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    Default Re: Start your own forex brokerage

    Whatever, I'm not a complete idiot, I been around you know?

    All I am saying is IB's should be IB's, White Labels should be White labels, but regular people shouldn't think they can start a forex brokerage like FXCM without hitting the lotto, Powerball when its at its highest, not some pick 5. That's the kind of capital you need to start a real broker.



    "I came to make pips and chew bubble gum...damn, I'm all out of gum..."
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    Default Re: Start your own forex brokerage

    Quote Originally Posted by sniper012 View Post
    And who's going to deposit money with that kind of brokerage?
    You'd be surprised... hehehe




    "I came to make pips and chew bubble gum...damn, I'm all out of gum..."
    -DickP, 2011

  18. #18
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    Default Re: Start your own forex brokerage

    Isn't this pretty common guys? White labels, Introducing Brokers and the such? Every industry has a sales force to get people to buy.
    "I agree, Obama destroyed Forex in America"

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    Default Re: Start your own forex brokerage

    Quote Originally Posted by navneetp View Post
    Hello,

    I own a Financial Services Commission (Mauritius) regulated Forex brokerage company. The company is dually registered and licensed to accept client deposits and provide brokerage services (market making permitted).

    Exact license type – GBL1.

    Mauritius is considered as one of the stricter jurisdictions and not considered as “fishy” jurisdiction by traders of all breeds/sizes. It is not 0% tax but it is still about lowest in the world – 3%

    Along with the company, corporate bank acc opening with Mauritius Commercial Bank (biggest bank in Mauritius), goes free of cost (usually charged at $500).

    Free inclusions –
    Auditing for year 2011.
    Registered Office, Registered Agent, Secretary for 2011.
    Tax Filling for year 2011

    If anyone is interested in setting up the entire business as independent forex brokerage firm, we can set it up for you. It would be in full capability (you can be counterparty for your clients or make the market, provide them STP etc). Platform will be MT4 or MT5 with your company’s brand name.

    Depending upon what you are looking for, I have following to offer –

    Option 1 - License + bank account - $10,000
    Option 2 – Complete Forex brokerage setup - $15,000 (initial), $750 per month.
    Option 3 - License + bank account + Forex brokerage setup - $25,000 (initial), $750 per month.

    PS:
    a) Monthly fees is payable/charged by Metaquotes, not by us.
    b) If you proceed to setup your brokerage firm with Boston Technologies, it will cost $10,000 more than what we can do. Also, you will be placed on the same server on which about 12 other brokers will be placed. However, with us, it will be just 1 more broker apart from you (thus better and faster operations).

    Interested individuals can contact me at +91-8905697516
    This is great, can u show me more? email me at my email

  20. #20
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    Default Re: Start your own forex brokerage

    Quote Originally Posted by navneetp View Post
    Option 1 - License + bank account - $10,000
    Option 2 – Complete Forex brokerage setup - $15,000 (initial), $750 per month.
    Option 3 - License + bank account + Forex brokerage setup - $25,000 (initial), $750 per month.

    PS:
    a) Monthly fees is payable/charged by Metaquotes, not by us.
    b) If you proceed to setup your brokerage firm with Boston Technologies, it will cost $10,000 more than what we can do. Also, you will be placed on the same server on which about 12 other brokers will be placed. However, with us, it will be just 1 more broker apart from you (thus better and faster operations).

    Interested individuals can contact me at +91-8905697516
    So how much money you making off us?

 

 
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