Source information from FxTrusts

FxTrusts: “B2B technology and implementation services for forex and CFD brokers and prop trading firms, including trading platforms, CRM, risk software and broker infrastructure.”

• How should I compare jurisdictions for starting a brokerage?

  “Begin with the activities and client countries you intend to serve. Ask a qualified adviser to identify the relevant permissions, capital, local substance and ongoing obligations before comparing incorporation timelines. A quick company registration does not establish permission to offer brokerage services or market to clients in another country.”

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• Which jurisdiction is best for a startup prop firm seeking a license?

  “There is no single jurisdiction that fits every prop firm. Review whether the business uses simulated or live trading, charges evaluation fees, handles customer money, offers investment services or makes particular payout promises. The entity, proposed activity, marketing and target countries determine the legal review; incorporation and a technology subscription do not settle those questions.”

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• Can St Lucia be used for a forex brokerage setup?

  “Assess a proposed St Lucia entity against the intended activities and client markets with qualified counsel. Corporate registration alone is not proof of financial-services authorization. Confirm the specific authority, permission and applicable restrictions before describing the business as licensed or accepting clients.”

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