How much it costs to open a forex trading website?

[anaconda]

Dear all,


How much it costs to open a forex trading website like easy-forex.com or etoro.com etc.?


Also, please let me know the technical and other aspects for opening such website. I mean, from where I can get a license, from where I can get the customized software etc.

Also, if you think I should post this question in some other category of this forum, please let me know which one.


Thank you very much in advance I'm looking forward to hear from you.


AnacondA

 

[MrGecko]

http://www.trade2win.com/boards/forex-discussion/31833-creating-bank-forex-broker.html#post428368

 

[dcraig1]

Just what the world is in dire need of - another fx trading web site.

 

[anaconda]

http://www.trade2win.com/boards/forex-discussion/31833-creating-bank-forex-broker.html#post428368

I didn't understand...you have talked about somewhat different thing(starting off a bank..). All I want to know is, how much it costs to open a forex trading/broker website like easy-forex.com ? Any approximate idea?


And what are the requirements to open such a website.

 

[MrGecko]

No, you didn't understand.

How much it costs to open a forex trading website like easy-forex.com or etoro.com etc.?

Lots.

And what are the requirements to open such a website.

well...

I didn't understand...

puts you right out.

 

[MrGecko]

You'll probably have to go offshore. Get a gambling license. Satisfy capital requirements. Get your hands on prices. Build a relationship to hedge. Build models to price options etc.. Hire a legal team. Raise a marketing budget. Operational staff + equipment, premises.

Is this for a school project?

 

[fifty2aces]

I think this is the kind of situation where if you have to ask, you're probably way out of your depth. Also, why would you want to - do you seriously think there is a demand for more bucket shops?

 

[BREND]

Watch out for their spreads. Some platforms quote very wide spreads.