Where Should I Open My Forex Brokerage?
Where Should I Open My Forex Brokerage?“Location, location, location”- a well-known known expression when it comes to real estate. The same applies to a brokerage, although it does not have the same importance. However, it does affect how you will conduct your business. For the most part, the location of a brokerage company defines how it is regulated. Compliance with the laws and regulators is a common head spinner for all great business ideas. Yet for a brokerage, compliance with regulators also has a positive effect since it gives clients confidence about the safety and security of their trading capital as well as the peace of mind of the legitimacy of the brokerage. The decision of which jurisdiction to open your forex brokerage in is a balance between brokerage freedom, marketing, available resources, and more. In this article, we will discuss the ingredients about regulation, brokerage location, and all the things in between. Globalization is very much a factor for any online business. With the right technical support, you do not even have to have a real, physical office. The list that we need to address when choosing a location is getting longer, but we should never lose sight of our ultimate goal. Let's start with the regulators and the areas they cover, starting with the most demanding ones.