Cyprus Company Formation » Forex Trading

Register a Forex Trading Company and be your own boss!

peter — Wed, 09 Dec 2009 08:08:23 +0000

We all have that dream; the one where we wake up when we want, work when we want and answer to nobody. Of course, for many this dream will be just that, where as for others, it will eventually be a reality. Here is the thing though; if you sit back and relax on your time off from work, it will be a dream. On the other hand if you take the initiative to move your life forward, the chances are you can be living the dream before you know it.

So what can you do? Well, if you’re reading this then you are definitely on the right track. Making the decision to register a Forex Trading Company is a big one, but definitely a good one. The market is booming and even when the economy is as bad as it is, you still stand to make the same amount if not even more money.

See, the good thing about being a Forex Broker is that you make money 24 hours a day. The markets are constantly open and people are constantly trading. Take a walk to the shop, go to the beach, or go away for the weekend and you’ll still make money. All you need to do is ensure that your technical support team are on hand to deal with any problems, apart from that the business will run itself.

Of course, promotion is the hardest part of developing any business. If you are deciding to register a Forex Trading Company, then this is no different, but know this; you have some help. As you are in an internet business, you have a powerful tool, one you might not even know about.

So what is this tool? Well, they call themselves internet marketers. They have one aim and that is to make money. They flip through a range of different markets finding products and services that they can sell on behalf of other companies and collect a commission. These people will be the driving force of your business as long as you treat them right and target them correctly. It may be a struggle to get your first couple of affiliates, but after than your affiliate database will grow fairly organically. Some of the best affiliates are known to get 100-200 clients for Forex Trading Companies every single month. Imagine what this would relate to in terms of profit!

Of course it is not that cut and dry. You need to ensure that you have made the decision to register a Forex Trading Company and that everything is above board. You need to ensure that all the legalities are in place that need to be, so that the affiliates can promote a solid business model. If you can do this, your chances of success are extremely high and your business will grow fairly organically. If you don’t then you will have wasted a lot of time and money, and will not be successful!

Look after your affiliates and they will look after you!

Forex Trading company license – is that the only expense?

peter — Tue, 24 Nov 2009 07:00:02 +0000

Setting up a Forex company is slightly more complicated than most people think. The market is huge and because money is exchanging hands on a regular basis, the rules and regulations set by authorities are extremely tight. Of course, this means that you’ll need more than a small investment to get your business off the ground, but once you have done so, you stand to gain a lot!

The first thing that needs to happen after you have registered you company is apply for a Forex Trading company license. It isn’t a case of filling out a simple form and submitting it to the CYSEC though. Oh no! In fact the CYSEC require a payment of EUR 27,000 before they will even look at your application. It doesn’t stop just there though. The cost extends a further EUR 5,000 up to EUR 10,000 depending on what fees you incur. What does this mean? You could be paying anywhere up to EUR 37,000 for a Forex Trading company license.

This definitely breaks most people’s bank, but that is the idea. This means the only people that run Forex Trading companies are those that are 100% serious. It keeps all the wannabes out of the market, meaning you’ll have a much bigger market share. This is where it gets interesting. There is plenty of room in the market for new companies, which is obviously great for the likes of YOU!

What you need to do is budget. There is no point applying for a Forex Trading company license if you don’t have the cash to back your business and make it a huge success. You’ll need money for staff, promotion and even website development. If you are looking to become a broker then you’ll need to devise to professional constructed software. Of course, on top of this you’ll need a support team that can handle any enquiries, as the chances are that you don’t have the first clue about the software.

The next thing you need to assess is the amount of share capital that you will need. The amount of share capital does depend on the type of Forex Trading Company that you are looking to be. The most basic is one that just offers advice and order transmissions. If this is something that sounds appealing you then the upfront share capital required will be just EUR 80,000. If you want to do anything else then you may be required to have a share capital of EUR 200,000. It doesn’t stop there though; if you want a full blown Forex Trading Company then you’ll need to have a share capital of EUR 1,000,000!

Setting up a Forex Trading Company is extremely complicated. Luckily there are a range of company formation specialists that are on hand to help you. Instead of going through the pain and frustration of trying to set the business yourself, it is advisable to let the professionals take care of it. After all, if you are investing this much money, you’ll need to ensure everything is above board!

What is the cost of a Forex Trading company license?

peter — Mon, 23 Nov 2009 11:26:14 +0000

Forex is a big business, which involves a lot of money. Because of this, rules and regulations have been put into place to ensure that the market is not full of ‘cowboys’. Of course what this does mean is that people looking to get into the industry will have a tough time. Why? Well, the expenses associated with setting up in the industry are fairly extreme. But where does it all start?

Well, after registering a company, the owner needs to obtain the correct license. Now for most other industries, a license wouldn’t set you back to much, maybe EUR 500, or in some cases maybe even EUR 1,000. Getting yourself a Forex Trading company license is a whole different kettle of fish though! If you want to do it properly then you’ll need to contact the CYSEC and they will charge a upfront fee of EUR 27,000 for the license.

So is that it, you are ready to go? Unfortunately, it doesn’t stop there after paying for the Forex Trading company license. The CYSEC incur a lot of fees and charges which will generally range between EUR 5,000 and EUR 10,000. So before you even become legal you will have forked out anything between EUR 32,000 and EUR 37,000.

As mentioned before, this is a big industry. In fact, you should be glad that setting up in the industry and buying a Forex Trading company license costs so much. It allows the market to remain competitive but not quite flooded, so there is plenty of scope for expansion on a daily basis. Even a small slice of such a big market could potentially make you a millionaire if you play your cards right.

The problem is, there is a lot more to it than simply purchasing a license. The related authorities require a decent commitment and one that needs to be paid in full before trading. If your company is looking to offer advice or simply the transmission of orders, then you’re in luck as you’ll only have to produce a share capital of EUR 80,000.

On the other hand, if you are looking to do anything else you could be charged an upfront share capital of EUR 200,000. In fact, in the most extreme cases the related authorities will actually require a share capital of EUR 1,000,000. Of course this is out of most peoples reach, but is one of the reasons that there is still plenty of money to be made in the Forex market!Making a decision before you proceed is definitely a wise choice. Ensure that you know exactly what your company will be doing as this could save you a lot of cash when producing share capital. Remember if you need to upgrade to a higher licensing agreement then this can be done as and when you need to. There is no need to invest a higher amount of share capital if you don’t need to! This money could be used to develop your business, rather than be wasted as share capital.