How to apply for a foreign exchange trading license

When investors choose a foreign exchange trading platform, regulators must be one of their focuses. Most trading platforms will also claim that they hold the license of an institution and are supervised by it when promoting themselves. It should be noted here that some regulatory agencies that investors are familiar with now will divide licenses into several categories, and the rights and interests targeted by different categories or the scope of supervision are different.

British FCA, Australian ASIC, New Zealand FMA

Britain and Australia have very high requirements for foreign exchange brokers. For example, in Britain, to obtain a license, the market maker's deposit is 730,000 pounds, while in Australia, the license deposit is 6.5438 million Australian dollars. At present, the license examination in Australia has become very strict. The regulatory application fee of the first echelon is relatively high and the application time is relatively long. However, these regulatory agencies have been unanimously recognized by investors and regulatory peers in various countries and have always been recognized as the strictest, most sound and most protective financial regulatory system in the world.

Canada FTR

Canada MSB doesn't need to pay a deposit, and it is fast, with few complaints and good reputation. It is one of the few AA-class licenses in China that do not need to pay monthly fees. At present, among all AA regulatory licenses, the Canadian FTR MSB license is more cost-effective.

American NFA

The initial purpose of National Futures Association (NFA) is to establish the ethics of futures and other markets and protect the interests of traders and investors. Any person or company that provides trading services to customers in the US futures and foreign exchange markets must be registered with the US Commodity Futures Trading Commission (CFTC) and become a member of the NFA.

Saint Vincent BC

The financial regulator in Saint Vincent is called the Financial Services Authority of Saint Vincent and the Grenadines, or SVGFSA for short. Saint Vincent Island is called "the ancient offshore market". In the foreign exchange industry, this country has been labeled as an "unregulated jurisdiction", which is why it is particularly suitable for registering new brokerage companies. It is enough to register a financial company here, and it can be included in the business scope after declaration. Saint Vincent's license can also be called entry-level foreign exchange license.