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.