How to Start a Trading Brokerage
Many who want to start their own business dream of independence and turning an impressive profit and many ambitious professionals decide to set up their own brokerage company. There are, of course, several ways for you to do this; each of which has their own strengths and weaknesses and will impact the level of profitability you should expect to receive. The choice is quite simple, however, as it all depends on your own capabilities.
The simplest way to set up a trading brokerage – which also requires less cost but, with due diligence, brings quite a lot of money – is the registration of an introducing broker. In this particular setup, you are participating in an affiliate company of one of the forex brokers of your choice, and you do not need licenses, but it is quite enough to agree with a large brokerage company.
Your partner will provide you with all the necessary software and, from your side, you will need:
- Registration of a legal entity is desirable, but sometimes not necessary, depending on the requirements of the broker.
- Open office.
- Having experience in forex trading - you have to communicate with potential customers and answer any questions.
If you have sufficient capital, which amounts to several tens of millions of dollars, you can register a brokerage company. Virtually the entire commission that the trader left will be yours, although it should keep in mind that part of it will go to salaries.
To create your site, you will need to perform several actions:
- Creating a legal entity - it is better to do it in the offshore zone, as most working brokers do.
- Obtaining the necessary licenses is the most time-consuming and challenging step, you will have to fulfill a lot of requirements.
- Renting an office is one of the prerequisites; traders have little trust in virtual firms.
- Creating a site - here you should not save, because they meet with us just by clothes, you need to create a solid resource with easy navigation.
The third option is to open a white label broker.
The White Label broker program is designed for those who want to provide online trading services under their brand while minimizing the cost of acquiring and using MetaTrader 4/5 platforms. Under this program, broker partners retain full administrative independence of their brand and have the opportunity to offer their customers high-quality trading conditions, access to liquidity providers, news flow, as well as favorable and competitive spreads and commissions in the trading terminal under their logo.
As a result, you can:
- Use your own brand
- Use ready, customized and supported by the best specialists support service
- Provide mobile terminal
- Set up a trading terminal at your discretion (labels, charts, advisors, indicators, settings).
Becoming a white label broker is the best option for opening a brokerage business. Popcorn Technology will provide you with all the necessary tools for the job, so contact us today to find out how we can help you get started!
Request a demo version HERE right now or contact us to learn more about our product &
solution to get consulting from our broker specialists to better ascertain your business and
financial objectives email@example.com +44 203 5144 779Back to blog