1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

How to become a forex broker!?

Discussion in 'Forex Trading Systems and Strategies' started by automatedtrading, Aug 1, 2010.

  1. automatedtrading

    Joined:
    Jul 13, 2010
    Messages:
    22
    Likes Received:
    0
    Hi All,

    May I ask something about broker? example how to become a forex broker?

    I choose Marketiva.com to describle. They want to become a forex broker, they have to program a flatform, website etc...

    I want to ask that : example with Marketiva broker.
    1/ Where do Their flatform load datafeed from ?
    2/ How to Customer's deals (buy/sell) transfer to a bank in interbank?
    3/ For a broker, I want to ask the form which brokers are using for LEVERAGE problem!. Mean when a customer use leverage 1:100, he put an order with amount 100k, so the customer only use : 100k/100 = 1k, I wanna ask that: with leverage 1:100,how to broker use money problem for 100k-1k = 99k? (How to brokers solve 99k?).

    Please tutor me, thank you!
     
  2. Laszlo Dobiasz

    Laszlo Dobiasz Private, 1st Class

    Joined:
    Aug 17, 2010
    Messages:
    29
    Likes Received:
    0
    It is an interesting question. Especially interesting in regard to scammer brokers. How can they work?
     
  3. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,634
    Likes Received:
    2,189
    You'll find some answers to that here:

    http://www.forexpeacearmy.com/forex-forum/general-forex-talk/4865-may-2009-question-month.html

    Personally, I wouldn't want the headaches. A "perfect" brokerage would still get so many complaints from traders.


    Leverage isn't such a big problem. All it really does is magnify both profits and losses. This is the same as many other leveraged financial products, i.e. the client "takes control" of 100k using 1k. It only becomes an issue if the client wants to take delivery at the end of the contract.
     
  4. Stanly

    Stanly Private

    Joined:
    May 19, 2010
    Messages:
    20
    Likes Received:
    0
    to understand the subject better, you can check this information - How to Become a Forex Broker | eHow.com .

    What I can tell - for becoming forex broker you need to pass lots of certifications and have to pay a lot of money. but the funniest part is starting already after you become the broker - when you need to attract your clients :nerd:
     
  5. MargaretLekker

    MargaretLekker Recruit

    Joined:
    Aug 15, 2013
    Messages:
    6
    Likes Received:
    0
    I think all the operators handle different incentives or promotions that encourage merchants to work with them, but I'm more interested as a trader find operators that are reputable, who has experience and support me in all my investments.
     
  6. RahmanSL

    RahmanSL Major

    Joined:
    Jan 16, 2010
    Messages:
    2,508
    Likes Received:
    195
    This thread is over 3.5 years old!

    BUT, for those still interested in starting a broker company to...urghh...make money from forex traders (especially Newbies and Wannabe traders), besides the above suggestion by the Ruler-of-Upper and Lower-Nile, there is an interesting article on how to go about that over at 100ForexBrokers site entitled: "How to become a Forex broker?"
     
  7. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,634
    Likes Received:
    2,189
    Step 1. Sell your soul to the master of the infernal regions.
     

Share This Page