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Signals service Website

Discussion in 'Forex Company Comparisons' started by oraclefusions, Apr 14, 2014.

  1. oraclefusions

    oraclefusions Recruit

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    I would like to create a website of my own for the following purpose.

    1. Provide my technical analysis of market with potential trade set up for next 24 hours
    2. Display my MT4 trades with an 4H Delay.
    3. References to trade books and other motivational videos etc.

    For point 2 above, if i start to get visitors and they can see the success of my live mt4 accounts trades for weeks/months and if they are
    interested (i will have a contact form on my site), I will ask them to pay me a monthly amount via paypal
    and they can access a page on my website where i will be linking live trades.

    I am not a broker nor a licensed trade, I did my study of market and got help from any experienced traders but I believe
    i can profit from this market earn some extra money


    I will have a disclaimer that my signals are for educational purposed and be taken on their own risk nor am broker and other similar stuff.

    Question is, later down the line, if i start to make good money and have many clients, will i be audited, and asked for a license or be
    penalized? I already state that my site is for educatonal purpose and the money i am charging is to share my trades which are based on my
    experience and be taken as education also.

    If not, then how can i shape my website or enter details where i can still charge my clients for my signals and still under the law
    cheers
     
  2. Pharaoh

    Pharaoh Colonel

    Joined:
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    Quite a few countries require account managers to get some sort of license. Most of the time, signals providers aren't under the same restrictions.

    My one worry is that somewhere out there, a handful of countries may treat signals providers or even analysts the same as account managers. I think you probably are safe, but still, it wouldn't be a bad idea to quietly double-check with the financial regulators in your country just to be sure.
     

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