Class A Forex Jurisdictions
Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.
Class B Forex Jurisdictions
With a certain level of protection for the clients of Forex companies.
These countries have regulations and license requirements and you will have a license to show prospective clients and post on your website to gives clients a level of comfort.
There is a low level of reporting and the taxes are quite reasonable.
Class C Forex Jurisdictions
- Nevis
- Seychelles
- St. Vincent
- or other offshore jurisdiction
Jurisdictions where Forex licenses not required.
The advantages are speed and low cost.
In most cases such licenses will allow global coverage as well.
Regulation
Regulation is a key parameter for building your client trust as a respectable company they can work with. beside trust building regulation will assist you with obtaining respectable payment and banking solutions you will surly need. as better known the regulation is your reputation is higher however class A regulation has their costs.
License
Each license you will obtain comes with it’s own set of rules and obtaining a license is not only to buy it but it come with heavy duty of keeping it and comply with the regulation laws and requirements of the license. Some licenses are more strict and some less. in addition for the compliance work required to hold the license each license require a minimal capital requirement to ensure your company can provide financial services to local residents safely. such capital requirement can start at minimum of 50,000 USD to millions, depends of the region and type of license you wish to obtain.
Next Steps…
Contact us for consultancy call so you can get an idea on your best next steps and plan your business future.