Traders’ Room and CRM for Your FX Brokerage: 101
As with most businesses, the operation of a Retail FX Brokerage involves a lot of moving parts that must be synced together to create an efficient and viable business. These would include Legal (KYC, trading agreements, dispute management, regulatory reporting), Trading Platform Administration and Management, Liquidity and Risk Management Provisions, IB Management, Client Support, and, […]
Are You Fully Prepared to Start Your Own FX Brokerage?
Yesterday, I got an email from one of my old contacts thanking me for persuading him not to go into the retail FX brokerage business last year. The email was sent from the corporate domain of his new business venture, one that is apparently doing well with only a 30% involvement with the FX industry. […]
Tips to increase client conversions in FX B2B
Throughout my career I have encountered many different sales personalities. Each of them had their own network, their own approach to dealing with prospects, their own strategic vision and their own way of handling the sales process. However, just ask any sales manager and most will agree that the majority of sales people could be […]
Setting Up an office for your FX Brokerage
When someone starts thinking about opening a Forex brokerage their mind immediately fills with question after question. Which regulatory jurisdiction should I choose? How much capital do I need? What kind of license do I need? How do I get pricing? Where do I base the operation? The “office” / location question is usually the last […]
6 Points to Consider Before Starting Your Own Forex Brokerage
The foreign exchange (FX) market now generates more than $5 trillion a day, making it the largest market in the world from a volume standpoint, surpassing any other market in the world.* Over the past few years the opportunities and successes in the foreign exchange market have attracted a significant number of investors and traders. […]
Ready to Start Your Own Brokerage Firm?
The FX market presents tremendous opportunities for entrepreneurs looking to enter the largest financial market in the world with daily trading turnover of 5.3 trillion.* Advanced Markets and Fortex are pleased to announce their Start Your Own Brokerage program that includes a number of packages with different service bundles to accommodate any business model.