My-offshore.com is one among the few global professional consultancy firms that offer a complete range of consulting services and effective solutions related to the establishment, licensing and operation of Forex Brokerage Firms. Forex broking license is that license, which is tightly governed and regulated by countries across the globe. It is getting more and more difficult for broking firms to enter in to new regions as the regulatory requirements have become more stringent. Choosing the right jurisdiction for setting up the FOREX broking firm is very crucial as the success of the business greatly rely on this factor. An efficient and dependable regulatory body is essential for the FX broker’s success as the ever changing challenges of the financial market has to be well tackled.
We process the following types of Offshore Forex broker licenses in various jurisdictions
- Reception and transmission of orders in relation to one or more financial instruments- Market making & non-Market Making.
- Execution of orders on behalf of clients
- Dealing on own account
- Investment advice
My-offshore.com offers Forex Brokerage Firm licensing and advisory licensing solutions in a number of jurisdictions, which currently include:
Labuan, Malaysia, Regulated by LFSA
LFSA, Malaysia offers one of the strongest regulatory frameworks for various financial services activities from Labuan. It offer straight-through-process license for Money broking, with stringent capital adequacy requirement, which is in line with the onshore STP license of many of its European counterparts. LFSA licensed firms enjoy great tax relief.
Vanuatu, Regulated by VFSC
Vanuatu, located in the South Pacific Ocean is fast becoming a preferred jurisdiction for many Forex brokers looking for regulation. The main advantage of obtaining a Vanuatu license is that highly cost effective due to the low capital requirements that Forex brokers need to meet in order to receive a Vanuatu Forex license.
Belize, Regulated by FSC
Belize IFSC is one among the few regulators who offers a very specific guidelines for FX brokers and their operations. Belize license offers a great degree of credibility among global investors. Belize offers a with very favourable tax laws for International Business Companies, (o% Corporation Tax).
BVI, Regulated FSC
Today, all BVI forex broker licenses are regulated by the BVI FSC. BVI FSC has a great deal of expereince in regulating financial services firm and hence applying to BVI FSC can be quite challenging. The application should carry good strength and reasoning in order to get approval from BVI FSC.
Seychelles, Regulated by FSA
The Seychelles is an attractive jurisdiction option for those who are starting a Brokerage Firm and who need a cost effective Forex Regulation solution. The Seychelles Licence application turnaround is fast and efficient and has a very attractive tax rate.
Cyprus, regulated by CYSEC
Cyprus is one of the most famous region for setting up a FOREX broking firm. It’s a well known regulatory body for FOREX regulation. Cyprus is a member of the EU and the Cypriot financial services regulatory body is the ‘Cyprus Securities and Exchange Commission – CySec.
Australia, Regulated by ASIC
The Australian financial services industry is one of the toughest industry to tackle with. Getting a forex license from ASIC is a cumbursome and time consuming process. Lot of effort, due diligence and documentary work is required to complete an ASIC FX license.
UK, Rgulated by FCA
FCA UK is one of the most reputed regulatory body in the FX industry. All the major brokers in the world hold an FCA license as it gains easy access to global market. The reputation coupled with cunsumer protection makes the FCA FX license stand out from other regulatory licenses