How can i start a forex brokerage firm

1.           How can I start a Forex brokerage firm?    Copyright’s 2020  © Sanfrix Pvt Ltd All Rights Reserved  For Further info contact sales@sanfrix.com Call us at: +​65 9860 7215 

2. Opening a forex brokerage is an exciting business opportunity for many because of the  profits one can generate. Here’s a quick rundown of steps to take and I’ve elaborated on  how to get the technology in place, as that is the mammoth task  1. Getting a license  2. Documentation and paperwork for incorporation  3. Bank account set up  4. Setting up back-office functions  5. Get a CRM  6. Have Trader’s Room / Client Cabinet in place  7. MT4/MT5, Desktop, Web and Mobile Trader  8. Forex Liquidity  9. Other risk management tools  Mainly, there are two ways to start your own forex brokerage (I’ve explained this in detail  below)  1)​ Open a company from scratch, by developing your own tools  2)​ Use white-label solutions from a prime broker or a​ forex technology provide​r    Opening a Forex company from scratch:  Opening a forex brokerage from scratch requires solid start-up capital. You need to comply  with all the regulatory requirements and develop your own in-house trading platforms &  other tools by hiring developers which is time-consuming.  In addition to this, you need to get your website and branding together and go to the market  with a good strategy and perfectly working and tested tools. The entire process doesn’t just  cost a lot of money (we’re talking a few hundred thousand dollars and a couple of years)  The benefit of choosing this route is that you get to keep 100% of profit and have full  control over your tools at any point. However, to keep this going you also need to account  for your tech support and other operational costs.  This is why almost everyone chooses to go with a ​white-label solution​.    Copyright’s 2020  © Sanfrix Pvt Ltd All Rights Reserved  For Further info contact sales@sanfrix.com Call us at: +​65 9860 7215 

3. Using forex white-label solutions:  This process is straightforward. Just choose a solution that fits your budget and business  objectives. Simply plug and play, and go straight into the market and do your thing. As  simple as that!  There are multiple providers to choose from, but this is where you make a wise decision.  Choose a provider who can give you a 360-degree solution, so you won’t have to deal with  multiple vendors and also get great pricing.  The most important factor in choosing a provider is to make sure your forex technology  provider doesn’t charge you based on the number of trade volumes. This will seriously eat  into your profits. There are several players in the market such as Sanfrix who provide all the  solutions you need to run a successful brokerage and don’t charge you based on trade  volumes but a flat subscription fee!  Starting from Company Incorporation - Brokerage licensing - Banking solutions - Website  development - Trading Platform - Custom development for your brokerage, white-label  solution providers like ​Sanfrix​ and ​EasyFx solutions​ are reliable and competitive in  comparison to other players in the market.    I hope this answers your question.                        For more details:  Visit: ​www.sanfrix.com  Mail us at ​sales@sanfrix.com    Copyright’s 2020  © Sanfrix Pvt Ltd All Rights Reserved  For Further info contact sales@sanfrix.com Call us at: +​65 9860 7215