Have you ever wondered what it would be like to be your own boss? Do you want to work on what you want, when you want? Are you looking to get out of your 9-5 routine? Are you looking to build a business that has a stable future? Do you think the Forex market will help you achieve all of your goals? Good! The Forex market is a great market to get into, and you’ll be earning more money than your day job before you know it.
If you have decided that the Forex market is one that will be good for you, then you will need to get a Forex Trading Company license. This will allow you to operate in the market and comply with all the current rules and regulations that are set out by the authorities. But why is getting a Forex Trading Company license one of the best things you will ever do?
The Forex market has expanded a great deal over the last few years. The development of the internet has meant that to place an order, traders no longer need to phone a broker. Instead, traders can instantly execute a trade using online software. This means that the market is open for them 24 hours a day and they can trade a lot more than they used to. For brokers this means they are picking up a lot more commissions than previously.
If you are looking to be a broker then this has obvious advantages, but what if you don’t want to be a broker? Well there are plenty of other things you can do to get involved in the Forex market. For a start, most people need to learn before they trade. This obviously opens doors for you to sell educational resources. Some of the best membership sites charge in excess of $150 per month to their members. Imagine if you could setup a similar site and had 100 or even 1,000 members. That is a serious amount of income!
There are a couple of types of Forex Trading Company license so you really need to establish what your business will be doing. If you are offering advice only then the upfront investment will be a lot less. That being said, the fees for the license will always be the same. The license fee is EUR 27,000 which is a lot of money, but what this does is stops people entering the market that are not deadly serious. This means the only competitors you have are legitimate ones!
The market is continuously growing, which means there is always room for a new company. I’m not saying that the market is dead and there is no supply and too much demand. You will have competitors, but if you manage to obtain just a small proportion of the market you stand to make a lot of cash! This is why making the decision to get a Forex Trading Company license could be the best decision you ever make!
Register a Forex Trading company in Cyprus now.