I've been trading for a year now with a company that charges commission ($XX.x) on every lot I trade. After looking at my account statement and computing the total commissions I've paid the past year, I realized how much potential this business has especially on my country where forex trading is quite unpopular and only starting to grow.
1. How much capital do you think I need for this business?
2. How do I get to use MT4 as my trading platform? I know you pay the developers of the software but does any one of you know how much brokers pay for their MT4 rights?
3. Do you think being an introducing broker of a bigger brokerage company is better than putting up my own with my own brand?
I'll appreciate all your inputs. Thanks.
1. How much capital do you think I need for this business?
2. How do I get to use MT4 as my trading platform? I know you pay the developers of the software but does any one of you know how much brokers pay for their MT4 rights?
3. Do you think being an introducing broker of a bigger brokerage company is better than putting up my own with my own brand?
I'll appreciate all your inputs. Thanks.