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Forex Trading Company Brochure

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Setting up a Forex company is slightly more complicated than most people think. The market is huge and because money is exchanging hands on a regular basis, the rules and regulations set by …

Setting up a Forex company is slightly more complicated than most people think. The market is huge and because money is exchanging hands on a regular basis, the rules and regulations set by authorities are extremely tight. Of course, this means that you’ll need more than a small investment to get your business off the ground, but once you have done so, you stand to gain a lot!

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  • 1. For ex t ra d i n g c o mp a ny in c y pr u s w i t h l i c e n s e F ro m cy s e c . Real Forex Trading companies formed by professionals.
  • 2. This definitely breaks most people’s bank, but that is the idea. This means the only people that run F o r ex trading comp a n y w it h l i c e ns e Forex Trading companies are those that are 100% i n c yp ru s by cy sec. serious. It keeps all the wannabes out of the mar- Setting up a Forex company is slightly more ket, meaning you’ll have a much bigger market complicated than most people think. The market share. This is where it gets interesting. There is is huge and because money is exchanging hands plenty of room in the market for new companies, on a regular basis, the rules and regulations set which is obviously great for the likes of YOU! by authorities are extremely tight. Of course, this means that you’ll need more than a small invest- What you need to do is budget. There is no point ment to get your business off the ground, but applying for a Forex Trading company license if once you have done so, you stand to gain a lot! you don’t have the cash to back your business and make it a huge success. You’ll need money The first thing that needs to happen after you for staff, promotion and even website develop- have registered you company is apply for a Forex ment. If you are looking to become a broker then Trading company license. It isn’t a case of filling you’ll need to devise to professional constructed out a simple form and submitting it to the CYSEC software. Of course, on top of this you’ll need a though. Oh no! In fact the CYSEC require a pay- support team that can handle any enquiries, as ment of EUR 27,000 before they will even look at the chances are that you don’t have the first clue your application. It doesn’t stop just there though. about the software. The next thing you need to The cost extends a further EUR 5,000 up to EUR assess is the amount of share capital that you will 10,000 depending on what fees you incur. What need. The amount of share capital does depend does this mean? You could be paying anywhere on the type of Forex Trading Company that you up to EUR 37,000 for a Forex Trading company are looking to be. The most basic is one that just license. offers advice and order transmissions. If this is something that sounds appealing you then the upfront share capital required will be just EUR 80,000. If you want to do anything else then you may be required to have a share capital of EUR 200,000. It doesn’t stop there though; if you want a full blown Forex Trading Company then you’ll need to have a share capital of EUR 1,000,000! CA PI TAL | REQUIRED SHARE CAPITAL FOR REGULAR FOREX TRADING COMPANIES Forex Trading companies that will handle clients moneys and which will offering tradings through a own forex trading platform will be required a share capital of EUR 200.000 - Forex Trading Companies which will not handle clients moneys or only offering the services of Reception and trans- mission of orders and / or provision of investment advice, will be required a share capital of EUR 80.000. COS TS | THE TOTAL COSTS ARE ESTIMATED AND CALCULATED ON THE EXPIRIENCE FROM OTHERS The total estimated costs of EUR 77.000 are based on the experience from other business cases where CCLOGIC Ltd has been the agent to help to obtain the CYSEC License. DU RATIO N | THE DURATION FRAME OF INCORPORATION AND OBTAINING THE LINCENSE The duration or turnaround time of registering a fully licensed Forex Trading Company is 3 to 4 months and is based on earlier experience.
  • 3. step 1 - the beginning | step 2 - in progress | step 3 - accomplished | WE PROVIDE A CONTRACT WITH OUR PREPARATION OF CORPORATE DOCUMENTS OBTAINING THE LICENSE AND RECEIVABLE TERMS, CONDITIONS AND PROCEDURES. AND APPLY FOR THE CYSEC LICENSE. OF ALL CORPORATE ORIGINAL DOCUMENTS While we in close cooperation with you Once you decide to proceed with the regis- will prepare the documents for the Cyprus Once all documents are prepared and sub- tration of your Forex Trading Company, we authorities like CYSEC, we will also col- mitted to the authorities, it will take between will send you our Contract which need to be lect the required documents from you, like 1 and 2 months before the license is issued signed and returned to us, upon receivable passport copy, utility bill, references etc. the and you are allowed to operate, all corporate by our Sales Team, we will send you tem- documents we will prepare are for instants documents, like company certificate, memo- plates for the preparation of the documents, the operations manual, business plan and randum of articles, shareholder certificate for you to see what exactly it is we need to other different forms, finally everything is etc. will be send to you in the meantime. complete for you, everytime one document is submitted at once. This process can take CCLOGIC Ltd archives a success rate of ready, it will be send to you for approval and between 1 and 3 months. 100% in approved Forex Trading Companies signing. CCLOGIC Ltd will prepare all docu- and will follow the development of the busi- SECOND INSTALLMENT ments required. ness case until the license is issued. EUR 12.500 INSTALLMENT FINAL PAYMENT EUR 25.000 EUR 12.500 CYSEC LICENSE FEE EUR 27.000 complete solutions oFFerings that will guide the evolution oF your business.
  • 4. www.cclogic.com 77 str o vo lou aven ue, strovolos cen ter oFF. 2 0 4 | 2 0 1 8 st rov ol os | nico sia , cyp rus +3 5 7 2 2 5 8 9 3 6 1 | skyp e:cclogic | sales@ccl ogi c .c om