Creating a bank and forex broker

Hi, does anyone know the process involved to create a bank and a forex broker (the bank will provide the trading processes for the broker)?

I've read that a bank takes ~$2,000,000 to start off with.

How much does a forex brokerage firm usually cost to start? How does one go about setting up the contracts between a bank and a forex broker?

any help is greatly appreciated

And where do you live?

I think you're putting the cart before the horse... it's less about the money it costs and more about the services you plan to provide. Once you have a clear-cut business plan you'll know how much you need... until then it's too premature.

Once you know, then you can factor in what liquidity you need to meet legal requirements, get the money and go forward.

well yea i totally agree.

but I was still wondering how hard it would be just so I can know if this is even attainable (effort-wise) for one person. The monetary part can be covered

What country are you planning to set this up in? The U.S. and most European countries are very strict about who gets to call themselves a bank. There are a lot of regulations involved about what you can and can't do and how you have to keep your funds.. If that's where you want to set it up, you'd be better off talking to a lawyer who specializes in banking law in your country.

If you go offshore to some of the small countries like Panama or Vanatu that specialize in banking, you might find a different story.

Try searching for "start a bank" at google for some more info.

Are you interested with a bank or a brokerage company?

I've the same goal, maybe we can discuss this trough PM

hi please PM me when you get the chance