FOREX LICENSE

We can assist you to obtain a Forex license from the jurisdiction we have listed below and we will arrange you the broker license with the regulation in order to operate a legal forex Brokerage. We will advise you, where it is best to apply for a Forex license and help you with full services including company training, compliance advisory & all the essentials.

Categories of Forex licenses

Level A Forex Jurisdictions

-$20 million of freely accessible capital, (clients’ deposits not included).

-Extremely strict reporting required

-Customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

Level B Forex Jurisdictions

  • Great Britain ( FCA– the regulatory body)
  • Australia (ASIC– the regulatory body)

-Less stringent reporting requirements.

-Obtaining a license can cost around $35,00-$50,000.

-A physical office presence is required.

-$100,000 of capital is needed (non- clients funds).

Level C Forex Jurisdictions

With a certain level of protection for the clients of Forex companies.

  • Cyprus (CySEC– the regulatory body)
  • Malta (MFSA– the regulatory body)
  • New Zealand (FSP– the regulatory body)

  • - A local office is required.

  • - There is a low level of reporting and the taxes are quite reasonable.

  • - $30,000 accessible capital is needed, which varies by license type.

  • - The price to obtain the license is about $35,000-50,000 for legal services

  • - Takes about six months once the documentation is provided to the government before the license is granted.

  • - Opening a bank account is easier than some of the jurisdictions below.

- Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

Level D Forex Jurisdictions
  • Belizethe most favourable (FSC– the regulatory body)
  • BVI (FSC– the regulatory body)

  • - These countries do have regulations and license principles

  • - You will have a license to show prospective clients and post on your website to gives clients a level of comfort.

  • - Licensing process takes about 3-4 months.

  • - The whole process is typically $20,000-$30,000.

  • - Deposit a minimum of $125,000 in your corporate account, you will have access to the money.

  • - No initial principle deposit needed

  • - With license it is much easier to open a corporate bank account.

-Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

Level E Forex Jurisdictions

(95% of Forex companies start without licenses)

  • Nevis
  • Seychelles
  • St. Vincent
  • or other offshore jurisdiction

  • - Jurisdictions where Forex licenses not required.

  • - The advantages are speed and low cost.

  • - The disadvantage is that, without a license it is difficult to open a bank account but possible.

  • - Licensing process takes about 3-4 months.

  • - The whole process is typically $18,000-$25,000.

  • - No initial principle deposit needed

-Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

New Countries for Forex license:
  • Latvia(Latvia Anti-Money Laundring Regulatory body)

  • - Company and Forex Licence in the Baltic countries.

  • - The registration process is fairly short (around 2-3 months).

  • - Opening of the bank account is easy.

  • - Latvia is a part of the European Union.

  • - Popular among the beginner-brokers.

-Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

Other countries to obtain Forex License
  • Ireland (Central Bank of Ireland Commission– the regulatory body)
  • Gibraltar (FSC– the regulatory body)

    European countries, licensing must comply with EU directives and European standards.

  • Panama (SVN– the regulatory body)
  • Cayman Islands (CIMA– the regulatory body)
  • Hong Kong (SFC– the regulatory body)
  • Singapore (MAS– the regulatory body)
  • Mauritius (FSC– the regulatory body)

NOTE: The license claiming procedure will differ from one to another countries.

Very popular jurisdiction to obtain Forex licence
  • Vanuatu(VFSC – the regulatory body)

  • - Low costs and fast registration (it is possible to be granted a license in only 2 to 3 weeks).

  • - Very low capital requirements: bond deposit only $50,000 USD.

  • - The whole process is typically under $10,000.

-Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

NOTE: The license claiming procedure will differ from one to another countries.