It is possible for someone to create a broker ?? - page 2
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I heard somewhere that you need about 50,000 dollars to start a retail broker, but off course that's like the lowest that you can get, its not easy to run and jump in to the competition with such amount.. but who knows nothings impossible now a days, some of our well known brokers might as well started with such amount but we can never tell
:D
HI !
i want to know if there is any possiblity for ordinary peaple to open a new broker and what are the duties and the approximate capital ??
thanks for interest !!Anyone can be broker. But not everyone can finance it. It requires a huge amount of capital if you want to be a broker.
Anyone can be broker. But not everyone can finance it. It requires a huge amount of capital if you want to be a broker.
Yeah, i agree with you.. We need a huge amount of capital to create broker, like FBS, etc..
...
According to FINRA :
A document with all the requirements regarding net capital broker should oblige : NET CAPITAL REQUIREMENTS FOR BROKERS OR DEALERS
If you take a closer lokk at the sizes (I really would like to trade that lot sizes
) time and closing prices those are all a few seconds long 1 pip scalping orders (even can guess which broker demo account is used for that)
Hey TIMEX this a bloody great EA mate 2000 to 2,000,000
HI !
i want to know if there is any possiblity for ordinary peaple to open a new broker and what are the duties and the approximate capital ??
thanks for interest !!It is possible for an ordinary people to be a broker but it will be needing a lot of capital for this. It would be a big role for this person to do all the required things in setting up a business..It wouldn't be that easy as you think.
Awe
because my friend create a very good EA but he didin't find a broker for real trading !
Hey TIMEX this a bloody great EA mate 2000 to 2,000,000
*)
because my friend create a very good EA but he didin't find a broker for real trading !
I can see this?
HI !
i want to know if there is any possiblity for ordinary peaple to open a new broker and what are the duties and the approximate capital ??
thanks for interest !!If anyone have huge capital then he/she can start forex broker business. But usually many partner invest money to create a broker. It is obviously a good business. Now you will see new brokers are growing like mushrooms. So we traders have to be careful of scam broker.
Hi..
I believe i have perfect solution for you and others who wanted to have own brokerage company to provide multiple instruments but without involving BIG capital.
Hi Everyone,
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XD Markets establish and incorporated on November year 2012 in Republic of Lithuania, a member of European Union and Eurozone
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X Direct Markets