How can a firm enter the FX broker business (become a broker)? either MM or ECN ?
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DislikedGo to the NFA website it will explain what you need to do and the cost involved not a cheap process, in order to be registered with them. That does not include the cost of employees, computer systems and the like. Good luckIgnored
DislikedI do not quite understand why you want to become a broker when you want to trade OPM.
With 10 MM Usd you qualify for a prime brokerage agreement. I know to trade FX on Barcaps Barx platform they expect you to deposit at least 1 mio USD and meet their monthly volume requierements. They will also grant you access to various ECNs (lava, fxall, etc.). Banks will do background checks on you.Ignored