Forex Trading Company A Forex trading company, referred to as a Forex broker, is a company that is licensed by its regulatory authority to provide the financial services of Forex trading. Forex brokers fall under the category of financial institutions and banks. Forex trading companies exist everywhere in the world, from the U.S. to India to South African. The rise of the internet has opened a huge portal for this business as trading has become accessible from anywhere at any time by anyone, and is solely done online, meaning when a company opens its target audience is the entire world. Some companies have become known worldwide, dominating the world of Forex, while others are focused on specific areas like the middle-east, or Asia, and some are small companies that get a small number of clients to keep surviving. Opening a Forex trading company requires a license to do so, registration under a regulatory authority, and then the ability to provide specific things. Firstly a Forex broker needs to have a website, the website for a Forex broker is the whole company from the view point of a client. Whether they have a small office in a building, or multiple buildings across the world for their employees, the services are all offered through the website. So the better the website the more clients will be interested. Then a Forex trading company needs to purchase and offer a platform to its clients. Clients will not have their own trading platform, it is the duty of the company to do that. Buying a platform and paying for the services of the platform can be costly. A Forex company needs to be able to execute financial transactions, so it needs to have an account with all the prominent online transaction websites, as well as reputable bank accounts which would be trusted by clients. And lastly as mentioned before an office is needed for the employees which include customer support, sales, RTO, and desired additions like a receptionist or a secretary. As well as either in house or exterior agreements with an accounting firm/department, Human recourses and compliance. FxNet Team FxNet Ltd is a global, fully licensed Over the Counter (OTC) online Forex and commodities broker, regulated by the Cyprus Securities and Exchange Commission (CySEC). FxNet is located in Limassol Cyprus. FxNets mission is to reach and retain traders around the globe through exceptional customer service, integrity and continuous innovation that will provide our clients with simple, exciting and secured trading platforms. fxnet/news/forex-trading-company 5
Posted on: Mon, 27 Jan 2014 09:26:52 +0000
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