How To Start a forex trading business?
With nearly 4 trillion dollars in
volume traded on a daily basis, the market for online foreign exchange (forex) trading and speculation is by
far one of the fastest growing in the world. Due to breakthroughs in technology, it’s not easier than ever to
participate in this industry’s rapid growth.
Unlike a brick and mortar business,
all that’s needed to build your own forex broker is a computer and an internet connection! If you ever asked
yourself how to start your own forex broker, the guidelines offered below will serve as an excellent starting
how to become a forex broker what’s the first step?
There are several components to consider when setting up a forex trading company. To start, it’s important to
incorporate a new business entity and establish a bank account. This first step is crucial
since it won’t be possible to either or receive payments until a bank account has been established.
Many new brokers also ask about applying for a forex broker license, a service also provided by Atomiq
Consulting. Although it is beneficial to operate as a fuly licensed brokerage, it isn’t a strict requirement
when initially launching your brokerage.
Choosing the best forex white label provider
After your new forex brokerage has been incorporated, the next step is to explore the various white
label solutions available in the market place. MT4 and MT5 are quite popular platforms although there are
others to select from as well. As an example, the Condor FX Pro Trading Platform has grown in
popularity due to its ease to use, functionality and start of the art design.
After discussing your business model with you in further detail, we will be able to guide you to selecting both
the best and cheapest white label solutions available in the marketplace. The good news is that the cost of
stablishing a forex white label is quite affordable, especially in consideration of the potential return on
The next step selecting a forex liquidity provider
After a white label has been selected, you need to consider the types of products your broker plans to offer.
Just a few examples are: forex, stocks, metals, energies, and cryptocurrencies. The fees charged by forex
liquidity providers will greatly depend on the type of products you wish to offer and the volume you expect to
send to the liquidity provider. For the reason, the best approach to take when selecting a forex & CFD
liquidity provider is to determine the types of products you wish to offer before officially launching the
Once you have selected a liquidity provider, you are ready to launch your new forex brokerage. Of cource, the
guidelines offered above are just a general overview of the process. There are more specific details to
discuss, especially the costs involved instarting your own brokerage. If you would like to explore these
specifics considerations in more derail, our team of experts are more than happy to schedule a call with you.
Why partner with atomiq consulting to launch your forex broker?
Our consultation services at a glance
Start Your Forex Broker with Atomiq Consulting Today!
Founded in 2014, Atomiq Consulting has been helping enterpreneurs and ivestors around the world successfully
launch their new forex brokerages. Due to our long established network of liquidity providers, legal firms, and
technologty companies, we are the ideal partner to help you start your own forex trading business.
To learn more about how to create a forex brokerage, ask specific questions about the process and meet our team
of experts, don’t hesitate to contact us today!
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