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Does anyone want to be a broker?
Member Since May 21, 2020
3 posts
May 27, 2020 at 09:33
These solutions are targeted more towards IBs and affiliates rather than traders, for business development
Member Since Jun 22, 2020
69 posts
Jul 09, 2020 at 06:08
Dictiony posted:
I am happy to be a good trader.
You know what? Same here. I enjoy being a trader, so I do not see myself wanting to go beyond than that.
Member Since Jul 23, 2020
816 posts
Oct 04, 2021 at 16:26
I am happy to be a trader.
Member Since Jul 23, 2020
696 posts
Oct 04, 2021 at 17:57
Need a lot of capital to be a broker which I don’t have.
Member Since Dec 28, 2019
17 posts
Oct 15, 2021 at 19:18
To my mind, of course there are some traders who want to build a brokerage company, however it's kinda difficult in terms of getting licenses and building your own platform. There are some brokers who don't care about building their own platform and just copy the platform of some brokers and remake it. There is such a way however it won't attract lots of traders. The main difficulty is to get a license and to be approved by regulators. Moreover, you should be a professional trader and you have to submit it in order to let your traders know that you have a great experience in this fiel, without experience you will build nothing.
Nov 12, 2021 at 11:54
Well, I thought about creating my own brokers company however I realized that it requires to much time to dedicate to thi activity and you won't be able to divide your time correctly. I iamgine how much work does a broker require to do in order to get licenses, regulations and certifications. Moreover, some brokers prefer to have a registration not in their country, because of various issues from legal side, so that's why it's the toughest activity I have ever faced. Of course, you can run your own brokerage company, but after you create your company you have to attract clients, but here are plenty of difficulties too.
Member Since May 21, 2020
3 posts
Nov 12, 2021 at 13:59
Gavirus posted:
Well, I thought about creating my own brokers company however I realized that it requires to much time to dedicate to thi activity and you won't be able to divide your time correctly. I iamgine how much work does a broker require to do in order to get licenses, regulations and certifications. Moreover, some brokers prefer to have a registration not in their country, because of various issues from legal side, so that's why it's the toughest activity I have ever faced. Of course, you can run your own brokerage company, but after you create your company you have to attract clients, but here are plenty of difficulties too.
There is an excellent solution to all of your issues, where you simply take care of client acquisition and the provider takes responsibility for the legal, regulator and risk aspects.
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