Forex Broker License
- License CySEC MM
- Country Cyprus
- Application period 8-12 months
- Requirements At least 3 local employee
- Submit documents Name; Passport
- Application fee $96,000
- Monthly operational fee Based of how many local employee
- Deposit EUR 730,000 (USD 890,000)
- Annual renewal fee $9,600
- Remark MM (Market Making)
- License CySEC MM
- Country Cyprus
- Application period 8-12 months
- Requirements At least 3 local employee
- Submit documents Name; Passport
- Application fee $96,000
- Monthly operational fee Based of how many local employee
- Deposit EUR 730,000 (USD 890,000)
- Annual renewal fee $9,600
- Remark MM (Market Making)
- License CySEC MM
- Country CySEC STP
- Application period 8-12 months
- Requirements At least 3 local employee
- Submit documents Name; Passport
- Application fee $85,000
- Monthly operational fee Based of how many local employee
- Deposit EUR 125,000 ( USD 153,000)
- Annual renewal fee $8,500
- Remark STP (straight-through processing)
- License FCA MM
- Country United Kingdom
- Application period 8-12 months
- Requirements N\A
- Submit documents Name; Passport
- Application fee $165,000
- Monthly operational fee $165,000
- Deposit GBP 730,000 (USD 950,000)
- Annual renewal fee $165,000
- Remark MM (Market Making)
- License FCA STP
- Country United Kingdom
- Application period 8-12 months
- Requirements N\A
- Submit documents Name; Passport
- Application fee $165,000
- Monthly operational fee $165,000
- Deposit GBP 125,000 (USD 165,000)
- Annual renewal fee $16,500
- Remark STP (Straight-through processing)
- License MTR (Virtual Currency)
- Country Estonia
- Application period 3 months
- Requirements Estonia Company Local Office
- Submit documents 1. Scan copy of passport; 2. Scan copy of Proof of Residence; 3. Notarize non-criminal certificate
- Application fee $73,000
- Monthly operational fee $4,000
- Deposit EUR 12,000 ($15,000) paid-up capital
- Annual renewal fee $7,300
- Remark no info
- License LFSA
- Country Malaysia Labuan
- Application period 2-3 months
- Requirements Onshore Office Local Director
- Submit documents Name; Passport
- Application fee $62,000
- Monthly operational fee $3,900 (Local address and staff)
- Deposit MYR$500,000 paid-up capital. Can withdraw
- Annual renewal fee $6,200
- Remark Onshore Regulation Now
- License FSC
- Country Mauritius
- Application period 2-3 months
- Requirements Onshore Office Local Director
- Submit documents Passport; Proof of Residence
- Application fee $53,000
- Monthly operational fee $6,500 (Local address and staff)
- Deposit MUR700000 Est USD18000 (According to real-time currency rate)
- Annual renewal fee $5,300
- Remark Onshore Regulation Now
- License SDL
- Country Seychelles
- Application period 2-3 months
- Requirements Onshore Office Local Director
- Submit documents Passport; Proof of Residence
- Application fee $53,000
- Monthly operational fee $6,500 (Local address and staff)
- Deposit $50,000 paid-up
- Annual renewal fee $5,300
- Remark Onshore Regulation Now
- License CIMA (Securities Investment Business)
- Country Cayman Island
- Application period 3 month
- Requirements Onshore Office Local Director
- Submit documents Passport; Proof of Residence
- Application fee $62,000
- Monthly operational fee $1,000
- Deposit 0
- Annual renewal fee $6,200
- Remark Onshore Regulation Now
- License NFA (Member\CPA, CTO)
- Country United States of America
- Application period 5-6 months
- Requirements USA company Local Office
- Submit documents Name; Passport
- Application fee $70,000
- Monthly operational fee $7,000 (Upfront 3 months)
- Deposit 0
- Annual renewal fee $7,000 (Upfront 3 months)
- Remark No information
- License VFSC
- Country Vanuatu
- Application period 1-2 months
- Requirements Onshore Office Local Director
- Submit documents Passport; Proof of Residence
- Application fee $43,000
- Monthly operational fee $6,000 (Local address and staff)
- Deposit $50,000
- Annual renewal fee $4,300
- Remark Onshore Regulation Now
- License FSP
- Country New Zealand
- Application period 1-2 months
- Requirements Onshore Office
- Submit documents Passport; Proof of Residence
- Application fee $48,000
- Monthly operational fee $6,000 (Local address and staff)
- Deposit 0
- Annual renewal fee $4,800
- Remark Onshore Regulation Now
- License FCA AR
- Country United Kingdom
- Application period 1-2 months
- Requirements N\A
- Submit documents Passport; Proof of Residence
- Application fee $43,000
- Monthly operational fee $18,000 (Upfront 3 months)
- Deposit 0
- Annual renewal fee $4,300
- Remark AR: Appointed Representative; info
- License ASIC AR
- Country Australia
- Application period 2-3 weeks
- Requirements N\A
- Submit documents Passport; Proof of Residence, etc.
- Application fee $21,000
- Monthly operational fee $7,500 (upfront 3 months)
- Deposit 0
- Annual renewal fee $2,100
- Remark AR:Authorised Representative
- License MSB(Money Service Business)
- Country Canada
- Application period 1-2 weeks
- Requirements N/A
- Submit documents Passport; Proof of Residence, etc.
- Application fee $6,500
- Monthly operational fee 0
- Deposit 0
- Annual renewal fee $1,300
- Remark Easy to get; Suitable for startup
- License MSB(Money Service Business)
- Country United States of America
- Application period 1-2 weeks
- Requirements N\A
- Submit documents Passport; Proof of Residence
- Application fee $5,500
- Monthly operational fee 0
- Deposit 0
- Annual renewal fee $1,100
- Remark Easy to get; Suitable for startup
- License NFA (Non-Member\Exempt)
- Country United States of America
- Application period 3-5 working days
- Requirements N\A
- Submit documents Passport; Proof of Residence
- Application fee $3,800
- Monthly operational fee 0
- Deposit 0
- Annual renewal fee $760
- Remark Easy to get; Suitable for startup
FAQ's
Price of the license depends on jurisdiction and market, it starts from $2000 up to $18 000.
Depends on license from 3 business days to 3 months
Registered company, passport, proof of residence, deposit (Depends on regulator) and license application fee.
Here are the main expenses which may be required at the beginning: License application fee, deposit, annual license fees, company registration, trading platform, liquidity
Some licenses for example FCA UK requires GBP 730 000 deposit, some offshore licenses does not require any deposit.
Trading platform, company registration, white label solutions