License
Choosing a place of business jurisdiction for the brokerage business is the most important starting point for the Forex brokerage business.
Regulators issuing licenses will monitor FX operators for compliance with licensing requirements and determine whether to retain or revoke licenses based on compliance with the requirements.
It is noteworthy that some countries do not necessarily require licenses for FX businesses, and they can operate worldwide over the Internet.
Organization and characteristics of licenses by country
| Country국가 | Regulatory Agency규제기관 | Level |
|---|---|---|
| United Kingdom | FCA | 2 |
| Australia | ASIC | 2 |
| Labuan | FSA | 2 |
| Cyprus | CySEC | 3 |
| Malta | MFSA | 3 |
| Virgin Islands | BVO(FSC BVI) | 4 |
| Belize | IFSC | 4 |
| Seychelles | SFSA | 5 |
| Saint Vincent and the Grenadines | SVG FSA | 5 |
| Latvia | FCMC | 5 |
- Level 1 Jurisdiction CFTC and NFA in the U.S. are subject to strict requirements and heavy fines for violations.
- Level 2 Jurisdiction This includes the UK FCA and Australia's ASICs, where reporting and capital requirements are less stringent than Level 1. And registration as a country operator is more advantageous than an offshore operator. Currently, the licensing jurisdiction that provides the highest leverage at the most reasonable cost is Labuan.
- Level 3 Jurisdiction Cyprus CySEC, Malta MFSA, etc. require mitigation rather than Level 2 jurisdiction. License costs and capital requirements are comparably high, but it takes about six months to obtain a license, which is relatively fast.
- Level 4 Jurisdiction Vanuatu, Virgin Islands, Mauritius, etc. are included, and corporations can be established in a few days, and licenses can be issued within three months. Capital requirements are reasonable, and it is easy to open a bank account after obtaining a license.
- Level 5 Jurisdiction These include Saint Vincent and the Grenadines, the world's most popular Forex brokerage jurisdiction. In fact, in this jurisdiction, you can run a brokerage business without a license and have no leverage limitations. Starting in this jurisdiction, a business operator in the initial phase can obtain a higher license step by step by step.
당사 서비스
Establishing a company with jurisdiction: including all paperwork and obtaining necessary licenses
Opening an electronic wallet and bank account for deposit and withdrawal
Complete Apostille Document Preparation
Provide sufficient operational advice and know-how
Choosing a place of business jurisdiction for the brokerage business is the most important starting point for the Forex brokerage business.