How To Become Broker
WANT TO OPEN YOUR OWN BROKERAGE?
01
COMPANY REGISTRATION
To become a Forex broker, you need to register with a foreign company.
We allocate 2 groups of countries that are suitable for the organization of Forex services. They are different in the requirements of doing business and the cost of registration.
Unregulated jurisdictions – are the countries where Forex services are not regulated. These include Saint Vincent and the Grenadines, Marshall Islands, Dominica. Company registration takes
2 weeks. It is the right decision to register a company in this country to start a business. 9 out of 10 Forex brokers use this option.
Semi-regulated jurisdictions – are the countries where there is a regulation of Forex brokers and low requirements for doing business. These include Vanuatu, Malaysia, Belize, or Seychelles. The option is doubtful since there is no advantage to work with registration costs from 60000 USD.
PERSONALIZATION OF SOFTWARE
Trading platform and CRM is a set of programs for traders of a broker, as well as his employees.
We have 2 types of Trading platforms, Meta-trader, and Web Trader.
Your customers will be able to trade Forex and cryptocurrency at the same time. The platform has web and mobile terminals. You will not need to develop a Trader’s Room: it is already designed and ready to use. The platform developer also provides a special CRM system for your employees.
02
03
WEBSITE CREATION
Content specialists will create a high-quality professional website.
Six criteria of a good Forex broker website:
1. Availability of financial and analytical services, such as quotes flow, economic calendar, and others.
2. The presence of a transition to the Trader’s Room and trading terminal.
3. Live site. Regular visitors need to see the update of the company’s news and information about promotions.
4. Convincing the history of the company. A technology company with attractive terms looks more advantageous than a company with a fictitious 100-year history and licenses.
5. A site without errors. All pages of the site are opening, contact forms are working.
6. The site must adapt to mobile devices, as half of the traders’ trade on the market from mobile phones and tablets.
SETTING UP PAYMENT SYSTEMS
We will make the introduction and assist you to become a client.
There are many ways to accept payments from customers: Bank transfers, plastic cards, e-wallets, and cryptocurrencies. Some methods of acceptance are easier to organize, while others are more difficult.
E-wallet. These include Webmoney, Qiwi, Paypal, Skrill, Neteller, Yandex, and others. The broker needs to open a wallet in the selected payment system and place it on the website and in the Trader’s Room.
We will make the introduction and assist you to become a client.
Bitcoin’s acceptance. Over the past 2 years, the amount of funds accepted in bitcoins has grown and is 30% of all transfers. Manual acceptance of funds can be organized through the Local bitcoins service. You can automate acceptance using Our solutions Crypto payment Hub.
We have developed a unique solution for safe and easy crypto deposits
VISA / Mastercard solutions will be presented to the company that we registered for you.
04
05
LEAD GENERATION AND TELEPHONY
We will connect you with various lead providers.
Brokers attract customers by advertising on the Internet, participating in exhibitions, holding free seminars, and working with “cold” and “hot” leads.
We will connect you with various lead providers so you can choose who you will work with and collaborate with.
We are connected to several telephony providers and they are all connected directly to our CRM.
CHOICE OF TRADING PLATFORM
WE WILL HELP YOU CHOOSE THE RIGHT TRADING PLATFORM BASED ON YOUR BUSINESS NEEDS.
If you’re involved in forex trading, you probably have at least some familiarity with the MetaTrader 4 and MetaTrader 5 platforms. These software solutions rank among the most popular trading platforms for a wide range of traders and advisors, thanks in large part to the value of their tools and resources when it comes to evaluating positions and taking action.
WHICH IS BETTER– THE MT4 OR MT5 PLATFORM?
If you’re new to trading, or are simply interested in trading forex, MT4 is an obvious choice. If you’re more advanced and find use in the additional tools offered in MT5, nevertheless, this platform is certainly worth considering. The full answer to this question should seem pretty clear by now after reading the below MT4 and MT5 comparison.
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STILL FIGURING WHICH PLATFORM IS BETTER FOR YOU?
Technology Vector Team will select the best option for you at an affordable price. Get in touch with us for getting the detailed information and starting your own brokerage business today!
