OFFSHORE FOREX BROKER LICENSE

An offshore forex license, also known as a broker’s license, is a license that authorizes a natural or legal person to trade on behalf of third parties. Brokering activity is highly controlled and strictly regulated in all countries.

The choice of the jurisdiction in which to incorporate a broker company or securities agency is crucial, since the requirements and regulations of all offshore countries have become very strict in the last 5 years.

What is a broker license (a securities agency license)? It is an authorization issued by the financial authorities of the country where you have created your offshore company, so that should you lose your investors’ money you are not breaking the law. 

WHY CHOOSE US TO CREATE YOUR OFFSHORE BROKERAGE?

We can help you obtain your offshore broker’s license (securities agency). Naturally, we recommend that you operate in a legal, ethical and responsible manner.

Many countries have stopped granting licenses for securities agencies – let yourself be guided by professionals in the field with 14 years of experience.

We can obtain offshore forex license with minimum paid capital and / or in a relatively short time, you choose.

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BENEFITS OF OBTAINING A FOREX OFFSHORE LICENSE

The most important is to BE REGULATED, otherwise, you face a prison sentence for not having the right to engage in such activity.

Another advantage:

  • Speedy license (1-3 months).
  • Low maintenance cost.
  • Due Diligence and simple KYC.
  • Chance to operate worldwide.
  • Access to the market maker (Market Maker).
forex licence

COUNTRY CLASSIFICATIONS FOR CREATING AN OFFSHORE FOREX COMPANY

Type A license

The United States and Japan fall into this category. To obtain a license, you will have to demonstrate that you have $20 million in capital, excluding client funds. There are requirements to submit all reports to regulatory authorities (customer complaints, annual account, audits, etc.) According to reports by the agency Reuters, banks have had to pay fines of almost 6 billion dollars due to irregularities in their brokerage arms.

Type B license

The jurisdictions of Great Britain (regulated by the FCA) and Australia (supervised by ASIC) are level B jurisdictions. They have less stringent requirements and require less initial capital in order to create an offshore broker company. Obtaining a securities agency license can cost between £5,000 and £8,000. A physical presence is required (real office with real person working on site) along with £100,000 of capital. The estimated time frame is around 3-4 months.

Type C license

These countries have regulators that offer a good amount of protection for Forex clients. Level C jurisdictions include Cyprus (regulated by CySec), Malta (supervised by MFSA), Bulgaria (supervised by BFSC), Latvia, Lithuania, Estonia and New Zealand (supervised by the FSP).

A local office is required. There are not many reporting requirements and the taxes are quite reasonable. The term for obtaining the securities agency license is about 2-3 months on average, while the cost allowing for government fees and legal aid services is around £45,000-60,000.

You will also need to deposit an average of 125,000 euros to capitalise the company (Bulgaria, Cyprus and Malta).

Type D license

Jurisdictions like Belize and the BVI. In our experience, Belize is more favourable. These countries have these activities under regulation, so you will get a license to publish on your website and give you greater credibility in the market.

The great advantage they offer is the time frame for obtaining a securities agency license. The incorporation process takes only a few days and the process for obtaining the license is 3-4 months. Costs are less than £35,000. You will also have to deposit a minimum of $125,000 as capital, which you can use after you have been licenced.

Type E license

We will put the remainder of the most popular jurisdictions in this category. In these jurisdictions, a Forex license is not required. Vanuatu, the Seychelles and Saint Vincent fall into this group.

In about a week and at a cost of £25,000 you are the lucky owner of a brokerage firm.

In this category, we could also place Latvia, and to a lesser extent, Estonia and Lithuania. The process of registering the company with its license takes between two and three months, and opening a bank account is quite easy. Because Latvia is part of the European Union, it has a higher degree of credibility than some other countries.

THE COUNTRIES WE HAVE CHOSEN TO CREATE A LICENCED OFFSHORE FOREX COMPANY

United Kingdom
United Kingdom
lithuania
Lithuania
Hong Kong
Hong Kong
bulgaria
Bulgaria
Georgia
Georgia
Czech Republic
Czech Republic