Why Consider A Forex Broker License In Malaysia? – 3 Major Advantages
Forex Broker License Focus: Labuan, Malaysia
The regulatory landscape in the online foreign exchange industry can be likened to a rollercoaster ride, with plenty of twists, turns and surprises along the way. Jurisdictions which were popular only several years ago have basically shut their doors, while newer regions are constantly emerging. A fairly recent entrant to the market is Labuan, Malaysia, a jurisdiction worth evaluating if you are interested in applying for a forex broker license.
Consider 3 reasons why brokers interested in obtaining a forex license should strongly consider Labuan, Malaysia:
#1. The Approval Period for a Forex Broker License in Labuan, Malaysia is Quite Fast
For the majority of jurisdictions offering FX broker licensing, it’s quite common to see an application approved after 6 months and in extreme cases 12 months or more. Labuan, Malaysia happens to be an exception to this rule. A major advantage in applying for a forex broker license in Labuan is that the average approval time is roughly 3 months.
We wish to highlight, however, that the time frame quoted is contingent upon first receiving all required documentation. Given our experience in this region, we make the entire application process clear and easy to understand, which is a major advantage in partnering with Atomiq Consulting to obtain a forex broker license in Labuan, Malaysia.
#2. A Myriad of Banking Options
Banking happens to be one of the most challenging aspects of the forex industry, even for licensed brokerages. As each year passes, options are becoming even more difficult to come by. In fact, banking challenges aren’t exclusive to offshore brokerages: forex brokers regulated in Europe and other regions face similar difficulties. Because Labuan, Malaysia offers a variety of banking options to both new and existing brokers alike, many FX brokers are now seriously considering this region when evaluating forex broker license options.
#3. Labuan, Malaysia Offers Competitive Costs When Compared to Other Jurisdictions
Both capital requirements and ongoing costs are quite competitive when Labuan is compared to other global jurisdictions. For this reason, we often recommend Labuan, Malaysia to entrepreneurs interested in starting their own brokerages. Rather than paying exorbitant fees in other jurisdictions from the start, a license in Labuan is a great option for first time brokers as it has maintains a higher level of credibility when compared to offshore licenses and comes complete with full regulatory oversight.
Atomiq Consulting – Your Forex Broker Licensing Partner
Atomiq Consulting specializes in forex brokerage licensing, company formations and banking services for FX brokers. Our positive track record, global portfolio of clients, and industry knowledge make us the ideal partner for guidance with obtaining a forex broker license in Labuan, Malaysia.
If you are interested in applying for a forex broker license in Labuan, Malaysia, don’t hesitate to contact us today to explore our services further!
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