It is important to define your target region first. Pinpointing the location of your customers will help you choose the best jurisdiction to register your Forex brokerage. This is important as in this line of business, licensing requirements differ from country to country.

To become a Forex broker, it is necessary to register a foreign company. We allocate 3 groups of the countries which 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 and Marshall Islands.
Semi-regulated jurisdictions - are the countries where there is a regulation of Forex brokers, and low requirements for doing business.
Regulated jurisdictions – these are the European Union countries with the UK and Cyprus being the most popular. Registration of a forex company takes months (at least 6) and its cost exceeds $100k.

First of all, time is money and you don’t want to overpay. That’s why, regardless of your experience in forex business you should start by finding a partner, be it, forex consultant or technology provider. Look for companies which operate as FX one-stop-shop offering assistance in completing formalities, providing technology and IT support and turnkey solutions that will help you acquire customers. Remember to pay attention to future costs as it will have a crucial impact on your FX brokerage business.

There are several trading platforms on the market, the most popular like MetaTrader4 and MT5 and cTrader or less known but equally good xStation, Utip or the newest trading platform – Match-Trader. When starting your own forex broker without a big budget to invest you should consider a White Label solution, and the most reasonable choice client-wise would be MT4 WL. As a White Label Broker, you can operate under your own company name, although MetaTrader White Label offers limited branding options and basic, shared mobile app. On the other hand, MT4 offers an extensive system of EA (Expert Advisor) trading bots which makes it the most chosen platform by traders.
While choosing a trading platform you need to find a solution that will be the best for you. Apart from startup costs you also need to estimate your ongoing costs as it can significantly decrease your profits. Consider a solution provider with a flat monthly fee, who doesn’t charge a turnover fee. Also, look for a provider who offers in-house technology as it will guarantee flexibility. That’s why it’s so important to have a trusted advisor or technology provider who will help you set up a solution tailored to your needs.

Website is the first face of your business. It has distinctive features, a good SEO efficient site can add more benefits to your bussiness.

Six criteria of a good Forex broker website:

According to statistics, good SEO ranked website will double your bussiness in less span. Our experience in the industry will help to clear the obstacles to get you to the global standards. We can build a specific customizable website for your requirements as your wish.

You will need to partner with reliable payment service providers to allow you to compete effectively in the market, as well as having different deposit and withdrawal options to make it as convenient as possible for your clients. Furthermore, if you are going to offer Bitcoins 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 Localbitcoins service. You can automate acceptance using solutions from OrangePay or Cryptonator companies.

You should allow sufficient time to test the trading platform, payment processing systems, mobile app, and other technical aspects by a focus group of your potential customers before your brokerage goes live. This will enable you to pick up on, and deal with any concerns before launching for real. Once you have completed these steps and are ready with an effective marketing campaign, you are set to go live.

The logical conclusion will be the visit of your company's first client to open an account. This is an indication that all the steps of creating a company from registration up to the first deposit, are correct. With a team of professionals and a competent approach to business organization and development you will succeed!
If you want dreams to become a reality – make the first step and we will help you.