Licenses
(OTC Market) FX/CFDsThe legal system of each jurisdiction imposes different requirements on companies seeking to obtain a license for financial activities as well as special requirements for its corporate structure, minimal share capital, staff and officers background, IT systems, AML / KYC legal documents and finance reporting. Therefore, it is extremely important to understand all the specific requirements before choosing a particular jurisdiction.
Our professional team can assist you with choosing your jurisdiction, understanding how to obtain a license and the renewal processes, the cost of obtaining a license and legal requirements for applicants, together with important legal key points so that you can start your work safely and professionally. |
Popular Regulators
Most legitimate brokers strive to obtain a license as a guarantee of their reliability to potential customers. Such licenses are issued by various financial authorities that verify the validity of the broker's operations, conduct audits, and regulate a broker’s activities after issuing them a license.
Based on our experience, there are a few jurisdictions which propose various competitive opportunities to establish Forex brokerage regulated entities.
Australia (ASIC)ASIC is the regulatory body in Australia, responsible for the review and issuing of forex licenses. The ASIC licenses are issued to financial companies which intend to engage in forex activity provided they meet certain criteria as required by the ASIC, this many include capital adequacy and fit and proper tests.
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Cyprus (CySEC)An FX Brokerage Firm licensed by the CySEC can offer investment services, establish representative offices or establish fully-operational branches in any desired location within the European Union (EU) without any additional requirements from that (host) EU State, whilst being supervised from CySEC, in Cyprus, directly.
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UK (FCA)The United Kingdom offers one of the most prestigious Forex broker licenses in the world. UK regulation may be considered as an industry high-quality benchmark for brokerage and investment companies. FCA regulation brings brokerage business to the highest level in the industry and provides them with direct access to one of the biggest financial markets within Europe.
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MauritiusThe Financial Services Commission, established in 2001, is responsible for licencing and the regulation of non-banking financial services including insurance, the Mauritius stock exchange and the newly formed GBOT (Global Board of Trade), the first international multi-asset class exchange in Mauritius.
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Seychelles (SFSA)Seychelles is one of the most cost effective jurisdictions for Forex License, making it a possible choice for every startup broker that is not quite sure of what their profits will be.
On top of the low capital and legal fees for Seychelles Forex License, this is also an attractive option due to the fact that brokers can often get their Seychelles Forex license rather fast, due to favorable requirements in comparison to most other jurisdictions. |
Vanuatu (VFSC)Vanuatu (formerly known as the New Hebrides Islands) might not be as well-known as some of the other tropical paradises in the Pacific Ocean, but it has plenty to offer business owners, especially those active in the finance industry. As such, Vanuatu offers a variety of tax benefits, as the nation has no income tax, no capital gains tax nor inheritance tax.
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