How to become a forex broker!? | Forex Factory

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How to become a forex broker!?

  • #1
  • First Post: Aug 1, 2010 9:48pm Aug 1, 2010 9:48pm
Hi All,

May I ask something about broker? example how to become a forex broker?

I choose Marketiva.com to describle. They want to become a forex broker, they have to program a flatform, website etc...

I want to ask that : example with Marketiva broker.
1/ Where do Their flatform load datafeed from ?
2/ How to Customer's deals (buy/sell) transfer to a bank in interbank?
3/ For a broker, I want to ask the form which brokers are using for LEVERAGE problem!. Mean when a customer use leverage 1:100, he put an order with amount 100k, so the customer only use : 100k/100 = 1k, I wanna ask that: with leverage 1:100,how to broker use money problem for 100k-1k = 99k? (How to brokers solve 99k?).

Please tutor me, thank you!.
  • #2
  • Aug 18, 2010 11:13am Aug 18, 2010 11:13am

Get 50 million first then put it in NFA.. easy peasy

Peace And Quite Is Utterly Malapropos Of My Departure . . .
  • #3
  • Aug 18, 2010 11:45am Aug 18, 2010 11:45am
Skip the NFA (Its a voluntary org built by the biggies to squeeze out smaller brokers and make everyone think NFA is better. blech!!), get your feed from a big bank, buy the best servers you can afford, and play the game 100% honestly as a STP. (no ridiculous spread widening, no stop hunting) and you'll get rich without getting constantly sued.

http://www.bostontechnologies.com/startbrokerage.html
  • #4
  • Aug 18, 2010 12:35pm Aug 18, 2010 12:35pm
Quoting Aja
......get your feed from a big bank.........no ridiculous spread widening.......
this is a problem with liquidity not with a broker......
have only one bank as a liquidity provider......
and you'll see this every day.....
In the end....
Every bank is a market maker.......
  • #5
  • May 19, 2018 7:35pm May 19, 2018 7:35pm
I am interested to find information on what it would take to create a forex broker. And separately, what will be needed to be able to work with US based clients.
Qqq Return Today: 0.7%
  • #6
  • Jun 5, 2018 8:16am Jun 5, 2018 8:16am
To become a forex broker you have to go by certain steps:

1 step: Company registration
2 step: Choosing a bank
3 step: Website Development
4 step: Choosing a trading platform
5 step: Office
6 step: Staff
7 step: "The first customer"


As the cost for the process can be very high and the timelines can exceed, you can also opt for other options like IB and White label solutions.
  • #7
  • Jun 15, 2018 3:33am Jun 15, 2018 3:33am
Quoting forex.darren
To become a forex broker you have to go by certain steps: 1 step: Company registration 2 step: Choosing a bank 3 step: Website Development 4 step: Choosing a trading platform 5 step: Office 6 step: Staff 7 step: "The first customer" As the cost for the process can be very high and the timelines can exceed, you can also opt for other options like IB and White label solutions.
Hi! Thanks for the info. someone I know wants to open up a forex brokerage firm with his partners. Can you please suggest some genuine Broker or technology provider who can provide these services at low cost?
  • #8
  • Jun 20, 2018 1:54am Jun 20, 2018 1:54am
Quoting s.allan123
{quote} Hi! Thanks for the info. someone I know wants to open up a forex brokerage firm with his partners. Can you please suggest some genuine Broker or technology provider who can provide these services at low cost?
Have you checked out LMAX?
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  • #9
  • Sep 13, 2018 6:33am Sep 13, 2018 6:33am
Quoting rockit
{quote} Have you checked out LMAX?
no i havent checked them.. what are there conditions and do you have any first hand experience with them?
  • #10
  • Last Post: Sep 22, 2018 9:20am Sep 22, 2018 9:20am
Quoting automated
Hi All, May I ask something about broker? example how to become a forex broker? I choose Marketiva.com to describle. They want to become a forex broker, they have to program a flatform, website etc... I want to ask that : example with Marketiva broker. 1/ Where do Their flatform load datafeed from ? 2/ How to Customer's deals (buy/sell) transfer to a bank in interbank? 3/ For a broker, I want to ask the form which brokers are using for LEVERAGE problem!. Mean when a customer use leverage 1:100, he put an order with amount 100k, so the customer only...
They simply transfer all orders to liquidity provider where they have collateral (like 1M deposited into prime broker). This model is called STP model. If they're connected to several liquidity providers trading execution usually improves considerably because several sources of price feed is always better than one. This type of execution model is called ECN.

The first thing you need to examine is white label offers from brokers, like IB, Hotforex, Tickmill or Oanda, or make an inquiry to prime broker like LMAX
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