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Best Affordable FX Brokerage License Options Today (Budget ~$50K)

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gatrader

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Dec 5, 2021
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#1
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Hi everyone,

I'm currently exploring options for obtaining an FX brokerage license, and I’ve got a budget of about $50k max. Ideally, I’d like to find a jurisdiction where the yearly maintenance costs aren't excessive (10/20k max).

I was initially considering Mauritius, but now I’m not so sure. I've seen that some jurisdictions become quite hyped for a time, only to fade away or become more trouble than they’re worth.

Does anyone have any suggestions for cost-effective licensing options that have some staying power and won't break the bank year after year? Also, I'd love to hear more about any recent experiences with Mauritius or any other up-and-coming jurisdictions.

Thanks in advance for any insights!
 
#7
Not the answer you're looking for but: Raise more money. Don't start a financial service business if you can barely afford the cheapest option in the world.
 
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#11
gatrader said:
Hi everyone,

I'm currently exploring options for obtaining an FX brokerage license, and I’ve got a budget of about $50k max. Ideally, I’d like to find a jurisdiction where the yearly maintenance costs aren't excessive (10/20k max).

I was initially considering Mauritius, but now I’m not so sure. I've seen that some jurisdictions become quite hyped for a time, only to fade away or become more trouble than they’re worth.

Does anyone have any suggestions for cost-effective licensing options that have some staying power and won't break the bank year after year? Also, I'd love to hear more about any recent experiences with Mauritius or any other up-and-coming jurisdictions.

Thanks in advance for any insights!
Click to expand...
with 50k you cant really get any reputable license.
Besides the fact that Vanuatu and Mauritius are not within your budget, the set up timeframe is also very long.
If you have the ability to increase the budget, it would be better to buy a ready made license that only requires ownership change. It will save you a lot of time.

Other than that you can consider Comoros certification, which is within your budget, acceptable by most platform providers, Metaquotes, certain EMIs and very few PSPs.
 
#18
gatrader said:
Hi everyone,

I'm currently exploring options for obtaining an FX brokerage license, and I’ve got a budget of about $50k max. Ideally, I’d like to find a jurisdiction where the yearly maintenance costs aren't excessive (10/20k max).
Click to expand...
That's unfortunately insufficient budget in today's realities that won't get you licensed virtually anywhere considering setup costs + capital requirements + substance. I'd consider adhering to @Sols advice.
gatrader said:
I was initially considering Mauritius, but now I’m not so sure. I've seen that some jurisdictions become quite hyped for a time, only to fade away or become more trouble than they’re worth.
Click to expand...
As already mentioned by @Clearsky Network you're not going to get that on your budget. Setup fees, FSC fees and locally required staff arrangements would most likely alone consume all your initial setup budget.

@Clearsky Network dear colleague, although I see where it's coming from, Comoros is pure garbage by all reasonable standards. Of course, it's not a solution which is a staying power.
 
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