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To Start Forex Broker !

How to Start-up Forex Brokerage Services?


Many Traders thinks, to start a Forex Business is not easy and involves a lot of investment but the truth is having $2500 you can start a forex brokerage business. Yes! It is !!

Still wondering how ????????



                                                  

 

 

1.  Choose Bank: - $500 - $2000 

 

Go for Primary banks which gives you more trust to the clients and everything depends on your desire and the thorough preparation of all documents. Documents cost may vary according to the country; for example, Hong Kong: $1800, St. Vincent and the Grenadines $500, Cyprus: $1000. Once you complete the documentation you can start processing your bank account with the minimum required balance. Apart from the bank account opening fee, you may require the minimum balance to maintain according to the banking norms.


Website References:

 http://www.offshoreworldwide.com/services  
 http://www.offshorecompany.com
 http://hk-companyformation.com

2. Gray White Label: - $500- $1500

Gray White Label MT4 platform also known as Trader White Label & Partner white label:Grey label is the the first stage of business model. You won’t get branded company name instead you will be sharing the common MT4 name. It may cost One-time investment $1000 to $1500 and follow by monthly maintenance $2 per standard lot or fixed charges ranges from $500 - $1500.

 

 Website Reference:

  http://metawhitelabel.com                                                                                                                                          http://tradefxplatform.com/                                                                                                                                                          http://www.match-trade.com/match-trader_wl.html                                                                                                            http://metatradepro.com/                                                                                                                        http://www.fxprimus.com/en/become-a-partner#white-label                                                                                          http://havetrade.co.uk/                                                                                                                                        http://www.pheasantech.com/                                                                                                                          http://osgforex.com/introducing-brokers.html

 

 3. Create Website: - $100 - $500 


Just create a simple website; a basic website starts from $100 to $250 which can be done in freelancer sites. 


Website Reference:

 

WFB Services: Click Here

https://www.freelancer.com                                                                                                      

https://www.fiverr.com/                                                                                                                    

https://www.upwork.com                                                                                                    

https://www.skillshare.com/                                                                                                            

http://www.guru.com/

 

4. API Plugins & VPS: - $100 - $300

 

Starting a Forex Brokerage it not only involves gray label and website. You may also require API plugins like Copy Trader, VPS to connect you Liquidity Trades to Primary brokers. Gray White Label not suitable for Retail Clients its plays for big investors or institutional clients. To segregate your client funds you may require to open an MT4 account with Tier 1 Liquidity providers (LP) . Such as Dukoscopy, FXCM, Swiss quote, Saxobank.  Use the Copy trader to copy the client’s trades to Liquidity Providers and segregate your client’s funds according to Liquidity Providers.

 

5. Open Merchant Account: - $0 - $25

 

Payment gateway plays intermediary roles between Traders and Forex Brokers. Payment Gateways such as Skrill, Neteller, Fasapay, Web money & Bitcoin are the leading payment gateways among in forex industry.  To Open a Merchant account it’s not easy as earlier, Fasapay and Bitcoin it is possible but when it comes to Skrill or Neteller they may ask about your regulation, Registration number. As a startup forex brokers you may not have sufficient documents; however, you can apply to merchant account and speak to the payment gateway customer care department and try to accomplish merchant account

 

 Now What!!!

 

Hire Employees and start your forex brokerage services. You may not require On-Role Employees to start up the marketing. You can approach Introducing Brokers and affiliate marketers to promote your brokerage services with your revenue share. If you need further assistance you can contact us and we can help you. Note Worldforexbrokers (WFB) haven't affiliated with above forex brokers.

STILL DON’T BELIVE?

 As WORLD FOREX BROKERS (WFB) interact with Forex Brokers vs Traders as a tailor made product available for you with the cost of $2500. Kindly note WFB suggesting to open an LP account to precede the startup forex brokers. 

Contact us 

 
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