Start Your Own Forex Broker
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 now 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 point.
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 send 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 fully 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 of 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 establishing a forex white label is quite affordable, especially in consideration of the potential return on investment.
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 this 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 broker.
Once you have selected a liquidity provider, you are ready to launch your new forex brokerage. Of course, the guidelines offered above are just a general overview of the process. There are more specific details to discuss, especially the costs involved in starting your own brokerage. If you would like to explore these specifics considerations in more detail, our team of experts are more than happy to schedule a call with you.
Our Consultation Services at a Glance
- Assistance with Selecting the Best White Label Provider
- Company Incorporation / New Entity Registration
- Assistance with Bank Account Establishment & Payment Services (PSPs & Payment Gateways)
- Professional Forex Website Design
- Expertise in Forex Broker Licensing
- MT4 Server Management & IT Support
- Marketing Guidance: Lead Generation & Sales Consultation
- Risk Management Consultation
Why Partner With Atomiq Consulting to Launch Your Forex Broker?
Founded in 2014, Atomiq Consulting has been helping entrepreneurs and investors around the world successfully launch their new forex brokerages. Due to our long established network of liquidity providers, legal firms, and technology 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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