Forex brokerage business activities have become highly regulated for the last 2 years. When a company offers Forex services to its commercial and/or individual clients, the company must be licensed.
International banks do not accept applications from unlicensed companies unless companies or individuals trade own funds. 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 Brokerage License at a low cost and with a minimum security deposit is Belize. Being a Belize registered agent our company provides full range services including license application services and annual support.
Belize Forex Broker Firms
The International Financial Services Commission (IFSC) is the regulatory body in Belize, responsible for the review and issuing of Belize forex licenses. The IFSC licenses are issued to financial companies which intend to engage in forex activity provided they meet certain criteria as required by the IFSC, this many include capital adequacy and fit and proper tests.
Obtaining a Belize Forex License
Before you can obtain your Belize forex license you must form a company in Belize for the sole purpose of carrying our forex & commodities brokerage activity. The application form for the forex license must be submitted to the IFSC along with the relevant documents including; Memorandum and Articles of Association, company manuals for internal and external procedures, your fit and proper test results, and your company business plan.
YourOwnBrokerage is fully equipped to assist you in applying for your Belize forex license. We will ensure the license is acquired in timely and professional manner with as little stress to the application as possible. Our highly experience consultants can also provide advice on how to comply with the relevant regulatory body (IFSC) and how to manage your forex broker firm in accordance with the necessary laws.