Warning: SQLite3::querySingle(): Unable to prepare statement: 1, no such table: sites in /home/admin/web/local.example.com/public_html/index.php on line 46
 WorldWideMarkets Review - Is its scam or safe?

WorldWideMarkets Review - Is its scam or safe?

Where to register the company for your Forex Brokerage?

Where to register the company for your Forex Brokerage?


Thinking about starting your own Forex Brokerage? The first logical question is "Where is the best location to incorporate and license your broker?".
However before we proceed on to answer this question, there are other related questions a person who has a serious interest in opening his FX Brokerage needs to answers.
Q1) Which regions are your going to concentrate on for retail clients?
Q2)When do you plan on launching your company & product?
Q3)How much money do you plan on establishing your brokerage?
Q4)Which business model are you going to have ? (STP,Market Maker,DD,Mixed)
Q5)Which bank will open you a corporate bank account?(depends on license & country of incorporation)
Q6)How're you going to collect the payments from your clients?
For the purposes of answering the question, we will divide certain geos(regions) in Tiers based on the level of reporting, capital requirement & tight regulated environment each jurisdiction has.
1) Tier 1 :
To safeguard investors from fraudulent and ponzi schemes, many countries have established private or state owned organizations to monitor and regulate the Forex Market and are actively supported by the governments. Example of countries in this Tier are JAPAN(FSA JAPAN) & USA(NFA & CFTC).
There are profound reporting requirements, broker required to provide high quality in services and prove the availability of $20 Million USD of free liquid capital not including clients money. There is also a compulsion to have local offices and a significant membership fee as well.
2) Tier 2:
Regulations like FCA UK & ASIC Australia fall under this category. These jurisdictions require lower initial capital and are committed to reporting. Obtaining a license from these authorities may take anything between 6 months to a year depending on how fast the required documents are submitted.
Applying for a license from these regulatory authorities typically requires one to have a minimum of $100,000 USD of non client funds. The cost for this is approximately $35,000 to $50,000(depending on what license you take) for example if you plan to have a Dealing Desk which doesn't forward the liquidity flow to a third party then you need to show a high availability of disposable liquid funds available approximately $1 Million USD where as for STP(Straight Through Processing) models where you forward all the liquidity flow it's about $100,000 USD.
3)Tier 3:
Offshore with certain level of protection for investors like Cyprus(CySEC),, Malta(MSA), New Zealand (FSP) are the Tier 3 jurisdictions.
These regulators require the availability of a local office, simpler reporting & very low taxes. Specially Cyprus which offers good access to EU and is also ESMA compliant. The cost for CySEC range from 125,000 Euro to 750,000 Euro depending which model you're going for STP or Dealing Desk and the process time remains on par with the Tier 2 regulators.
4)Tier 4:
BVI, Marshall Islands, Belize & Seychelles are the Tier 4 jurisdiction and have a official regulation and license the broker needs to obtain if providing FX Instruments. Obtaining a license and getting a license usually takes 3-4 months and cost around $20,000 to $30,000 USD with a $500,000 USD in capital requirement(Belize). Also with these licenses it's easier to open and maintain a bank account.
5)Tier 5:
There are certain offshore jurisdictions Like St. Vincent & Grenadines or Bermuda where there getting a Forex license is not compulsory. Setting up a company needs only a little capital and the money saved can then be used on operations or marketing.
It's a bit difficult to obtain an account in a credible bank for Tier 5. Most startups go around this issue by listing their company for more than one service for example Consultancy, Marketing,FX, Travel etc or through EMIs which can provide an online IBAN. (B2B accounts mostly).
Many big brokers around the world start with small licenses and obtain their bigger licenses much later such examples include big names like Alpari, Admiral, Primus etc.
To keep up to date with the latest trends in FX industry or info on brokerages or white labels visit Stratton Forex. We'd love to hear from you.
Also check out our Recommended Brokers & Partners or Contact Us for the cheapest brokerage startup solutions in the world guaranteed!
Subscribe to our blog for keep up to date with the latest market trends and opportunities.
submitted by StrattonForex to u/StrattonForex [link] [comments]

Help Help! Help me impress my bosses!

I need some help figuring out the Minimum Capital Requirements regarding FOREX for these regulators...I just got this job and it would make me look awesome if I could come through. Any ideas?
FCA- Financial Conduct Authority – UK CySec – Cyprus Securities and Exchange Commission – Cyprus FMA – Financial Markets Authority – New Zealand ASIC – Australian Secrities and Investments Commission – Australia RAFMM – Russian Association of Financial Markets Members – Russia BVI FSC – British Virgin Islands Financial Services Commission – British Virgin Islands HCMC – Hellenic Capital Market Commission – Greece FINMA – Swiss Financial Market Supervisory Authority – Switzerland BaFin – Federal Financial Supervisory Authority – Germany IIROC – Investment Industry Regulatory Organization of Canada – Canada MiFID – Markets in Financial Instruments Directive – European Union PRA – Prudential Regulation Authority – UK FSA – Financial Services Agency – Japan AMF – Financial Markets Authority – France MAS – Monetary Authority of Singapore – Singapore CONSOB – Italian Securities Exchange Commission – Italy AFM – Netherlands Authority for the Financial Markets – Holland CSRC - China Securities Regulatory Commission – China CIRC - China Insurance Regulatory Commission - China CBRC - China Banking Regulatory Commission – China CVM -Securities and Exchange Comission – Brazil BCB - Central Bank of Brazil- Brazil SUSEP - Superintendence of Private Insurance – Brazil
submitted by BTC-section to Forex [link] [comments]

Trade Forex with World Wide Markets online. Forex - YouTube The lovely British Virgin Islands - YouTube Government of the British Virgin Islands and LIFElabs.io to develop BVI~LIFE™ PROFESSIONE FOREX - CORSO PER PRINCIPIANTI - YouTube

The British Virgin Islands (BVI) Financial Services Commission (FSC) is responsible for the financial services that are carried out within the BVI. It hosts a number of Forex Brokers that aim to expand their businesses in other regions with different restrictions and lower tax rates. The British Virgin Islands Financial Services Commission is a name which seems to be popping up more and more. All forex brokerage firms operating from the British Virgin Islands have to be regulated by the country’s financial regulator, and in this case, it is the BVI FSC. The BVI Financial Services Commission is the one that issues the regulations for forex trading. The Commission is the only regulatory agency that operates in the British Virgin Islands for the financial services sector. It is responsible for authorizing and licensing companies that engage in the financial sector. British Virgin Islands(BVI) Forex Brokers . About BVI British Virgin Islands (BVI) is a British overseas territory located in the Caribbean to the east of Puerto Rico. The British Virgin Islands is frequently labelled as a “tax haven” Financial services account for over half of the income of BVI. ... The December 2001 enactment of the Financial Services Commission Act, 2001 established the British Virgin Islands Financial Services Commission as an autonomous regulatory authority responsible for the regulation, supervision and inspection of all financial services in and from within the BVI. ... Forex Place Ltd. Action Date: Saturday, 6 April ...

[index] [4019] [526] [5538] [4599] [919] [2235] [247] [3052] [4665] [1668]

Trade Forex with World Wide Markets online.

Government, LIFElabs.io to develop BVI~LIFE™, a digital currency for the betterment of the territory. Tortola, British Virgin Islands – December 3, 2019 – As part of an on-going initiative ... Trading nel Forex by Professione Forex. 20:45. PFX_02_01_Analisi Tecnica Parte 1.mp4 by Professione Forex. 14:20. PFX_02_01_Analisi Tecnica Parte 2.mp4 by Professione Forex. 10:17. JSXPROID bekerjasama dengan XM dan Tradepedia menyelenggarakan tutorial berupa video yang dapat anda pelajari secara free pada website : https://linkweb.cc/f... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. The Virgin Islands in stunning 4K. An aerial trip though the Virgin Islands, St Thomas, St John, Tortola, The Indians, Peter Island, Virgin Gorda, Sandy Cay,...

https://corpbolmawojse.tk