Anyone has idea how much money do I need if I want to start a broker company? Because I want to start a broker company in my country, because Forex is not yet popular here so I think it is a good business.
Anyone has idea how much money do I need if I want to start a broker company? Because I want to start a broker company in my country, because Forex is not yet popular here so I think it is a good business.
I think you will need about 400-500k to start a broker business. There are websites that help you start this. Btw, I wonder how long this topic would last, because instaforex aren't going to be happy with more competition. I would post a link but I don't want to be banned.
I think you have to have minimum 5000k- as possible dollar needed for open a broker .
I think what amount you need to start broker business , it will vary for country-wise. Isn't it?Quote:
Originally Posted by cfxsignals
Are u sure that 400-500K is too small, i think you need over 20,000,000$, You will have to pay for all the high leveraged client whenever they trade, don`t let us assume.
I think 10,000,000$ is enough if u have a normal amount of clients.
u can start with nothing :P , there alot of company that offer the broker white label , forexcent is 1 of them , u win u 1 part of the comisson , its not u broker but is a way to start
This is due to the mediator, who would like to deal with him, and trading through
Insta broker, for example permits the filing of only $ 1 you started trading this amount $ 1 .. but a very small amount of benefit only to anyone who wants to work Beginner on the account until the real feel of responsibility and commitment to get used to face the impact of emotions and greed
Its not that easy to be a broker. You have to take a permission from the govt. It takes a huge amount to take the licence. You have to deposit around $3-5 million in central bank just for security. you have to have a liquidity of huge amount. Liquidity must be around $10 to 15 million always. there are many other expenses. I guess you need around $20 mil to start a medium level broker.
Hello Dear.
For opening a broker house you need around 50-60K USD because you required Liquidity for Your Broker Firm and Without Liquidity You never ever run a broker House because Liquidity is the LEGS of Forex. Without Legs no one Run. I think you Talk with Another Broker and Do Business with Then as Withe Lavel Business or be a Partner with them.
---------- Post added at 12:41 AM ---------- Previous post was at 12:39 AM ----------
Hello Dear.
For opening a broker house you need around 50-60K USD because you required Liquidity for Your Broker Firm and Without Liquidity You never ever run a broker House because Liquidity is the LEGS of Forex. Without Legs no one Run. I think you Talk with Another Broker and Do Business with Then as Withe Lavel Business or be a Partner with them.