We provide assistance with a full package of Forex Formation services for starting new Forex that includes company formation, opening bank accounts, PSP clearing services, platforms (software), regulations as well as other services
There are a number of key points to take into consideration when beginning the process of forming a site for your Forex Company.
You need to create a site that will attract and drive traffic, create valid leads, deal with conversions as well as acquisitions and SEO. You will also need to administer back office banking and maintain your business.
The most two important factors when forming a Forex Company are as follows:
Choose a Reliable Forex Software Provider
This is probably the most important decision you will make as not only will you be entering into a long-term partnership with your Forex software provider, but your entire site will be based on the software provided by whom you choose. It is recommended to look around and delve into the various Forex software providers out there and compare their prices, recommendations and quality. You will want to use a provider who has experience and knowledge in launching successful online Forex sites.
Obtain a Forex license
Obtaining a Forex license may be a tedious task, however it is of utmost importance to attain one if you wish to run a legitimate online Forex site as well as gain credibility, increase your traffic flow and provide online payment options to your customers.
The first step is to decide on a jurisdiction. There are certain countries that allow online Forex if it is done in a regulated manner, however you need to apply for a license in the respective region. This process may take from a few weeks up to a year, depending on the jurisdiction.
There are 50 jurisdictions worldwide to choose from, with the most popular being Cyprus, New Zealand and Belize.
When deciding on which jurisdiction to choose, one should take a few points into account: the general reputation of the place, licensing requirements, the duration of the application process, costs and taxes. You should also take into account that you will have to physically locate servers in the jurisdiction of your choosing.
Choose a payment system provider
In order to get your online Forex Company running, and to complete your Forex Formation, you will need to decide on a payment system provider. This is necessary for you to be able to accept payments via your website. We also recommend providing your customers with multiple paying options, thus you need to find a payment system provider who can meet your requirements.
There are many options out there, however to make the process simpler, you also have the option to find a Forex software provider that provides you with a complete package of services, including Forex payment processing, integration with all major e-merchants, multi-currency support and advanced risk management and fraud detection.