Best Affordable FX Brokerage License Options Today (Budget ~$50K)

Status
Not open for further replies.
G

gatrader

🗣️ Loud Newcomer
Dec 5, 2021
132
0
36
Hi everyone,

I'm currently exploring options for obtaining an FX brokerage license, and I've got a budget of about $50k max. Ideally, I'd like to find a jurisdiction where the yearly maintenance costs aren't excessive (10/20k max).

I was initially considering Mauritius, but now I'm not so sure. I've seen that some jurisdictions become quite hyped for a time, only to fade away or become more trouble than they're worth.

Does anyone have any suggestions for cost-effective licensing options that have some staying power and won't break the bank year after year? Also, I'd love to hear more about any recent experiences with Mauritius or any other up-and-coming jurisdictions.

Thanks in advance for any insights!
 
All other licenses to my knowledge require an capital of at least 50k . So Mauritius will be your only option .
 
Which one would you consider to be more trusted Vanuatu or Mauritius and what are the benefits from one to the other?

Toggle signature
Winners never quit and quitters never win....
 
gatrader said:
gatrader said:
Hi everyone,

I'm currently exploring options for obtaining an FX brokerage license, and I've got a budget of about $50k max. Ideally, I'd like to find a jurisdiction where the yearly maintenance costs aren't excessive (10/20k max).

I was initially considering Mauritius, but now I'm not so sure. I've seen that some jurisdictions become quite hyped for a time, only to fade away or become more trouble than they're worth.

Does anyone have any suggestions for cost-effective licensing options that have some staying power and won't break the bank year after year? Also, I'd love to hear more about any recent experiences with Mauritius or any other up-and-coming jurisdictions.

Thanks in advance for any insights!
Click to expand...
Click to expand...
with 50k you cant really get any reputable license.
Besides the fact that Vanuatu and Mauritius are not within your budget, the set up timeframe is also very long.
If you have the ability to increase the budget, it would be better to buy a ready made license that only requires ownership change. It will save you a lot of time.

Other than that you can consider Comoros certification, which is within your budget, acceptable by most platform providers, Metaquotes, certain EMIs and very few PSPs.

Toggle signature
TG: @ClearskyPayments
Join our payments channel https://t.me/PaymentSolutionsClearsky
Payment and Financial Licenses: https://t.me/FinLicense
 
yes but its a criminal offence because its a fictious regulator.
If you present that fancy paper to an EMI its not a good idea
 
gatrader said:
gatrader said:
Hi everyone,

I'm currently exploring options for obtaining an FX brokerage license, and I've got a budget of about $50k max. Ideally, I'd like to find a jurisdiction where the yearly maintenance costs aren't excessive (10/20k max).
Click to expand...
Click to expand...
That's unfortunately insufficient budget in today's realities that won't get you licensed virtually anywhere considering setup costs + capital requirements + substance. I'd consider adhering to @Sols advice.
gatrader said:
gatrader said:
I was initially considering Mauritius, but now I'm not so sure. I've seen that some jurisdictions become quite hyped for a time, only to fade away or become more trouble than they're worth.
Click to expand...
Click to expand...
As already mentioned by @Clearsky Network you're not going to get that on your budget. Setup fees, FSC fees and locally required staff arrangements would most likely alone consume all your initial setup budget.

@Clearsky Network dear colleague, although I see where it's coming from, Comoros is pure garbage by all reasonable standards. Of course, it's not a solution which is a staying power.
 
What is a realistic budget for registering a company, applying for licenses, and being compliant with all international regulations?
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

Forums

User Menu

Login
Community platform by JohnnyDoe © 2025 JohnnyDoe
  • Width
  • Queries
    11
  • Time
    0.7483s
  • Memory
    14.09MB
Top Bottom