How to set up a forex introducing broker service in Australia?

by David Jenyns on December 4, 2011

Question by Jacky: How to set up a forex introducing broker service in Australia?
What personal qualification and criteria do I need to register an Australia Forex Introducing Broker Service? Some forex brokers tell me to get an AFSL license but I am not sure whether I am eligible to get one.

Best answer:

Answer by Paul E
If you want an answer, it might be better to contact ASIC, or another authority rather then random strangers.

Know better? Leave your own answer in the comments!

Bayuskam December 4, 2011 at 11:51 am

You can setup a Forex introducing broker service anywhere in the world regarding the rules and regulations of the country you are in. But there are certain things to put in place.

1. You need basic knowledge of how forex works and basic knowledge of education to maitain an organisation. You therefore, have to register a business name depending on regulation of that country but it is advisable.

2. Do a good search about the broker you want to promote. This promotion can be online or offline.

3. Register with the Broker on the broker’s website as Introducing Broker (IB) to agree with their terms and conditions. Make sure you contact the broker to explain your interest.

Then, you are done. you can see example here:

Cade Royal December 4, 2011 at 11:53 am

Get Details On Forex Live Brokers

Dani Z December 4, 2011 at 11:58 am

An easy solution is to contact one of the big brokers and make an affiliate company for it. In this way you will save a lot of time and effort.

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