About Forex Licenses
International exchange market has thousands of regular participants. Today, most legitimate brokers strive to obtain a license as a guarantee of their reliability to potential customers. Such licenses are issued by various financial authorities that verify the validity of the broker’s operations, conduct audits, and regulate a broker’s activities after issuing them a license. Forex brokers need a license to confirm that it is operating legitimately and to display the traders’ transactions on the interbank market.
Where we offer Forex Licenses:
Seychelles
Requirements
- Domestic company
- 2 natural person appointed as directors
- 2 shareholders (legal or physical person)
- Оne licensed Representative of Securities Dealer and a Compliance officer
- Minimum paid‐up capital USD 50,000
- Satisfies the FSA that it is a fit and proper person to be licensed as a dealer
- Provides for a separate account to hold clients’ funds
- Local office
- Has Professional Indemnity Cover in place.
Mauritius
Requirements
- Incorporation of Mauritius offshore corporation
- Local registered officer and local directors
- Corporate bank account suitable for forex operations
- Merchant service account for accepting credit and debit cards
- Draft requisite business plan, financial statements and financial projections
- Draft requisite Anti-Money Laundering & Know-Your-Customer policies
- Arrange for requisite surety bond
- Representation before licensing regulatory authority, banks and liquidity providers
- Share capital not less than USD 500,000
