T4FXB

USA (CFTC, NFA- the regulatory body)

-$20 million of freely accessible capital, (clients� deposits not included).

-Extremely strict reporting required

-Customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

Great Britain ( FCA� the regulatory body)

Australia (ASIC� the regulatory body)

-Less stringent reporting requirements.

-Obtaining a license can cost around $35,00-$50,000.

-A physical office presence is required.

-$100,000 of capital is needed (non- clients funds).

With a certain level of protection for the clients of Forex companies.
Cyprus (CySEC� the regulatory body)
Malta (MFSA� the regulatory body)
New Zealand (FSP� the regulatory body)
A local office is required.
There is a low level of reporting and the taxes are quite reasonable.
$30,000 accessible capital is needed, which varies by license type.
The price to obtain the license is about $35,000-50,000 for legal services
Takes about six months once the documentation is provided to the government before the license is granted.
Opening a bank account is easier than some of the jurisdictions below.
Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

Belizethe most favourable (FSC� the regulatory body)
BVI (FSC� the regulatory body)
These countries do have regulations and license principles
You will have a license to show prospective clients and post on your website to gives clients a level of comfort.
Licensing process takes about 3-4 months.
The whole process is typically $20,000-$30,000.
Deposit a minimum of $125,000 in your corporate account, you will have access to the money.
No initial principle deposit needed
With license it is much easier to open a corporate bank account.
Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.
Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

(95% of Forex companies start without licenses)
Nevis
Seychelles
St. Vincent
or other offshore jurisdiction
Jurisdictions where Forex licenses not required.
The advantages are speed and low cost.
The disadvantage is that, without a license it is difficult to open a bank account but possible.
Licensing process takes about 3-4 months
The whole process is typically $18,000-$25,000.
No initial principle deposit needed
Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

With a certain level of protection for the clients of Forex companies.
Cyprus (CySEC� the regulatory body)
Malta (MFSA� the regulatory body)
New Zealand (FSP� the regulatory body)
A local office is required.
There is a low level of reporting and the taxes are quite reasonable.
$30,000 accessible capital is needed, which varies by license type.
The price to obtain the license is about $35,000-50,000 for legal services
Takes about six months once the documentation is provided to the government before the license is granted.
Opening a bank account is easier than some of the jurisdictions below.
Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

Belizethe most favourable (FSC� the regulatory body)
BVI (FSC� the regulatory body)
These countries do have regulations and license principles
You will have a license to show prospective clients and post on your website to gives clients a level of comfort.
Licensing process takes about 3-4 months.
The whole process is typically $20,000-$30,000.
Deposit a minimum of $125,000 in your corporate account, you will have access to the money.
No initial principle deposit needed
With license it is much easier to open a corporate bank account.
Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.
Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.

(95% of Forex companies start without licenses)
Nevis
Seychelles
St. Vincent
or other offshore jurisdiction
Jurisdictions where Forex licenses not required.
The advantages are speed and low cost.
The disadvantage is that, without a license it is difficult to open a bank account but possible.
Licensing process takes about 3-4 months
The whole process is typically $18,000-$25,000.
No initial principle deposit needed
Extremely strict reporting requirements and customer complaints to regulatory agencies which reflect a strong reaction from the regulators.