4 Guidelines Broker License Regulations in Labuan, Malaysia

The Labuan Financial Services Authority (LFSA), the regulatory body regulating forex trading in Labuan, Malaysia, recently announced many amendments to its forex broker license law. All interested in applying for a Labuan FX broker license should be informed of these recent updates, as described below: 1. Increased Capital Requirements Initially, capital requirements were set at RM 365,000 (Maylasia Ringgit), equivalent...

How much does Forex Brokerage Starting cost? 5 Key factors

Entrepreneurs and businessmen wishing to open their own forex broker often ask us about the overall cost of setting up a forex brokerage. Our research has shown that preparing a budget makes sense before formally opening the brokerage. This recommendation helps determine if a financial viewpoint makes business enterprise important. Having successfully helped several forex brokers go from the planning...

Different ways Bitcoin Buy or Sell

Bitcoin has grown in popularity. To newbies, “bitcoin purchase or sell” is often the next popular question to “what is bitcoin?”. Usually, seasoned consumers exchange-source bitcoin (virtual marketplaces). Trading on markets, though, poses a plethora of limitations; onboarding market participants typically takes 3-5 business days until successfully fulfilling various KYC criteria. Exchanges also impose embargoes on jurisdictions where bitcoin has...

Why Getting a Bank Account for Unregulated & Non-Licensed Forex Brokers – 3 Important Reasons

As each day passes, it becomes harder for unregulated and unlicensed forex brokers to obtain banking solutions, particularly direct banking relationships. While we have some banking solutions in place for SVG-registered forex brokers, it’s important to understand banking realities, particularly if you’re interested in starting your own forex brokerage. Find 3 explanations for seeking banking solutions for non-licensed forex brokers:...

What’s the right jurisdiction for a new Forex broker?

Entrepreneurs and developers interested in starting their own forex brokerages will carefully consider the jurisdiction that contains their broker. Since registration of a new forex broker in the wrong jurisdiction can be a costly mistake, we would like to stress that this decision should not be taken lightly. The following recommendations will help new forex brokers wondering where to integrate...

How to select the best jurisdiction to apply for a Forex Broker License?

We address regional license jurisdictions with both new and existing forex brokers on a daily basis. Due to the wealth of information available, deciding which jurisdictions are worth considering is often a challenge. With the support of our clients in many jurisdictions worldwide, Launch FXM is an outstanding advisor that guides you through the option of a forex broker license....

The 4 key important factors when obtaining a Forex Broker License

As it is an investment in time and resources, the licensing of a forex broker takes careful and diligent preparation. Partnerships with a consulting firm that is familiar with the current regulatory policy and adjustments are therefore important. It especially applies in the foreign exchange sector, where there are rapid changes in rules and regulations. Having had countless conversations on...