If you trade your own funds, our company is able to assist you with opening a forex trading account. the only country, where a company is able to obtain forex trading licence at a low cost and with a minimum security deposit is belize.. The trading and service providers who manage the forex accounts instead of the investors need to get registered for license in terms of fsp category 2 of fais. those who introduce brokers and others who solicit the forex investments under their financial advice process need to be registered in fsp category of fais.. Do i need to get a license to start a forex business? forex trading is, at its most basic, simply buying currency at a low price and then, hopefully trading it for a higher price in order to make a profit. do i need to get a license to start a forex business? forex trading is, at its most basic, simply buying currency at a low price and.
Generally you are not required to get any license for forex trading. but there are countries with some restrictions. for example - in india the government does not allows forex trading (it allows involving indian rupees inr - like usd/inr , euro/inr) to do forex trading involving other currency obtaining a license is required.. Belize and vanuatu forex brokerage license fsp also was a popular option but since january 2015 the new zealand fma has been scrutinising all fsp applications for forex trading and delaying decisions without providing any real reasons. the way around that problem is to first get licenced in vanuatu or belize and then the nz fma review. In order to officially operate in the market, forex broker must possess the trading license issued by the specific regulatory body. for instance, in case forex broker intends to solicit to cyprus-based traders/investors it is obliged to have the license from the cyprus securities and exchange commission ( cysec )..
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