How does one become a forex broker?
What do you need to do to setup a currency trading firm providing forex products to businesses?
Related Items
- Who is the best non dealing desk forex broker?
I want to start off with Forex Trading. I want to know the genuine website for Forex trading. Only the names of forex brokers which are non dealing de... - What do i need to have before i could set up a company and sell forex trading alerts to customers?
Apart from having a good strategy and money for initial setup, what do i need to have before i could set up an online company in Singapore and sell fo... - What is the best forex broker who has cent account with 1:500 leverage, allowing hedging, and 10,000 lot size?
I'm looking for a Forex broker who provide cent accounts with the following features: 1- hedging on same currency should be possible 2- Leverage is 1:... - Is it possible to make a great profit over a month with Forex trading?
I am a beginner and trying to learn forex. Is it possible to make such gains? I intend to invest say something around £250. Also, when is the best tim... - What is better out of trading ordinary spot forex or currency options?
I am 18 years old and I am considering trading currencies as a home based business. I've had practice with ordinary spot forex and find it okay. I wan... - What is the Best Forex Broker Offer Automated Forex Trading System?
Hi everyone! I am new to forex and have only just found out about all these automated forex robots and such that are supposed to really take a lot of... - Do automated forex trading robots work in the forex currency market?
I'm considering purchasing a program that is an automated trading "robot" on the forex currency exchange. Has anyone out there ever had a fallout or l... - which is the best Forex broker for trading purposes offering good terms?
I am form india and I want to know which Forex trading portal that offers attractive spread and good leverage, ... - whats the maximum order size when trading forex? does it very from the broker your with?
how do you calculate how big a lot size you can trade with , with the balance you have, ... - Any Website which provide free Forex Trading Signal?
I am very interested in Forex Trading but find its very difficult to identify the currency pair in which I should trade. Is there any site which provi... - what are the key fundamentals to watch for when trading forex? what economic indicators do u use? pls explain?
pls explain the correlations if u have time ie...when this indicator goes up, the value of the currency goes own etc etc ... - In forex Trading, are the market participants aware that I have a STOP Loss Order placed with my broker?
I mean, is it just my broker who is aware of any such order or do the big international investors also aware of it? ... - Do you realy make money trading Forex currency markets or is it best left to the banks?
I have just converted a website bought on Ebay to my own. Its called http://www.ForexVideoTraining.com Evan though I re-designed the site with banners... - What is required to start FOREX trading?
I am looking at using automated Forex Trading software but wanted to know what else i need to trade. It looks like i have to use a Forex broker or som... - For forex trading what is the best combination of broker and platform?
I'm a beginner and want to gain an understanding of the best combinations. I heard Visual Trader 2.0 and Metatrader are good - but which brokers can i...
July 10th, 2010 at 1:23 pm
Hi there,
Well first of all I opened up my own firm 2 years ago so I can offer you some incite on this matter. I do everything from stock, bonds, mutual funds, insurance, annuities, wealth management, options, futures etc you get the point.
You are going to need several things.
1.) clients,
2.) e/o insurance
3.) you need to produce at least 200k in gross commission to even be looked at if your opening up a firm.
4) compliance officer
5) clearing company to clear you trades.
6) series 7 license (allows you to trade equities)
7) series 63 license ( allows you to practice in your state)
8) futures license
9) Insurance License
10) series 66 or 65 license allows you to charge for your advise and time.
11) and you need experience.
Those are just a few things you need along with marketing etc.
I got to run I saw your post and thought I would give you a little info.
November 8th, 2011 at 2:07 am
keep up the good work dude.thanks for your share and effort.better than other sites. whois