Do I need to be registered if I am looking an investor?
Member Since Jul 20, 2019
373 posts
Oct 09, 2020 at 11:49
puretechnical7 posted:
If I trade the forex market and I will hopefully provide a sustainable and profitable trading service, do I need to be licensed or something like that?
There are only 3 options being allowed to trade money of other people:
1. Pass a pro-course of an investment bank and/or an official registered pro-trader and apply for a license at your local financial regulator. Only after a proper license registration you'll be allowed to trade with clients' funds.
2. Take the broker of your choice and open a PAMM or MAM account on it. Other people will see if you're good and will then invest into your account.
3. Search for a good local prop-trading-company. If you're good they might invest into you as their prop-trader.
patience is the key
Member Since Jun 09, 2020
36 posts
Oct 14, 2020 at 11:15
Yes, only then you will be deemed safe.
Member Since Jun 30, 2020
17 posts
Oct 15, 2020 at 05:10
It will be to your benefit if you are registered. A proper license offers protection for you as well as the investor.
Member Since Jun 30, 2020
47 posts
Oct 21, 2020 at 10:01
Anything which is registered is always more trustworthy. Like Fxview, FBS, Tickmill.
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
