Starting Your Own Forex Brokerage in 2019? Hacks to succeed

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Starting Your Own Forex Brokerage?
Steps Hacks to Succeed
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Introduction

• Youre not the only one considering opening a
  forex brokerage with the rise in the number of
  traders.The more traders there are, the more
  brokers they need, which makes this 3 trillion
  dollars a day industry so attractive! However,
  the sheer number of forex brokerages available
  today is astounding. A quick search online throws
  a result of hundreds of brokers people can choose
  from.
• Unfortunately, this also means, there are plenty
  of unreliable forex brokers who make several
  promises they cannot keep and they end up burning
  the customers capital and eventually lose
  customers. So, how can brokerages remain
  reliable, viable and competitive while still
  being profitable?

Website Sanfrix.com
Mail Sales_at_sanfrix.com
3
Basic Steps

• Lets get to the basics of getting started and we
  can see how you can remain competitive in a
  cut-throat market like foreign exchange.

Website Sanfrix.com
Mail Sales_at_sanfrix.com
4
Step 1

• Company Incorporation Licensing
• There are legal requirements like deciding the
  operational jurisdiction, company registration
  and getting a brokerage license
• Establishing institutional relationships with
  several parties eg corporate banking solutions,
  payment gateway services, wire solutions, hosting
  services, etc.
• Finalizing the business model and set-up to get
  started

Website Sanfrix.com
Mail Sales_at_sanfrix.com
5
Step 2

• Technology, Liquidity Back Office Solutions
• Running a business in a dynamic market such as
  Forex means growing rapidly, consistently and
  most importantly staying abreast of technological
  and infrastructural changes
• In order to ensure a smooth journey, partnering
  with a forex brokerage technology provider who
  can keep up with the ever changing needs of a
  start-up is crucial

Website Sanfrix.com
Mail Sales_at_sanfrix.com
6
Hacks to Succeed

• Now that were done with checking off the basic
  requirements,
• lets look at some of the intangible yet critical
  aspects of what will keep your ball rolling.

Website Sanfrix.com
Mail Sales_at_sanfrix.com
7
Hack 1

• Dont Over-do Profit Margins
• Its normal for FX brokers to apply a markup fee
  on the forex interbank market price. For eg if
  the interbank charges 1 pip on EUR/GBP, some
  brokers raise it up to 3 or 4 pips on every trade
  of this currency pair. This means the broker is
  making a profit of 2 to 3 pips on each trade
• This will make your customers shop around. There
  are a diamond dozen brokers who will offer
  something way cheaper, especially, if these
  trades fall under the top 6 trading pairs. So
  greed is not the recipe for long term
  sustainability

Website Sanfrix.com
Mail Sales_at_sanfrix.com
8
Hack 2

• Incorporate Forex Risk Management Tools
• Get a risk management tool for your FX brokerage
  thats easily compatible with MT4/MT5. We cant
  stress that enough. Everything about running a
  successful brokerage is about making better
  decisions and running a trading business without
  a risk management tool is like gambling
• An effective risk management tool doesnt just
  protect your brokerage, but it also makes your
  business profitable over the long run by helping
  you make better decisions and avoiding losses

Website Sanfrix.com
Mail Sales_at_sanfrix.com
9
Hack 3

• Transparency and Support
• Many brokers charge a commission fee and are
  transparent about it and some arent. They
  promise commission free trading but draw up the
  spreads and the customers never receive the
  actual benefit of trading
• Forex trading is supposed to be as cheap as
  possible and you must aim at charging low
  commission fees if you want to and be transparent
  about it
• Customers dont want to invest large amounts of
  money with a manipulative broker. Also, keep your
  support high quality, quick and responsive at all
  times, especially during withdrawals to avoid
  giving red signals

Website Sanfrix.com
Mail Sales_at_sanfrix.com
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Heres how Sanfrix can help you on this journey...
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• Sanfrix has initiated several brokerages from
  various jurisdictions and can help you too,
  making the entire set up hassle-free.

• We offer deep institutional liquidity with
  customised pricing and execution analytics to
  make sure all your liquidity needs are met.

• Continued strategic partnership, free
  consultation support and 24/6 customer support
  from our Chief Success Officer.

• COMPANY INCORPORATION

• TECHNOLOGY

• LIQUIDITY

• CRM
• BACK-OFFICE

• STRATEGIC PARTNERSHIP

• Sturdy CRM customised for FX brokers with
  multi-tier affiliate management, unified
  communications, KYC, customer journeys,
  insightful reporting and more.

• We offer MT4 / MT5 Whitelabel solutions. Advanced
  technology and reliable solutions at an
  affordable cost.

Website Sanfrix.com
Mail Sales_at_sanfrix.com
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Contact Us

• Sanfrix can help you with all your brokerage
  needs and has helped several forex brokerages
  double their profits by simply implementing the
  right tools.
• Question is
• Will your brokerage be one of them?

65 9860 7215
sales.sanfrix
sales_at_sanfrix.com
t.me/sanfrixltd