Starting Your Own Forex Brokerage in 2019? Hacks to succeed (1) - PowerPoint PPT Presentation

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Starting Your Own Forex Brokerage in 2019? Hacks to succeed (1)

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You’re probably here because you’re considering opening a forex brokerage. So what makes this business so appealing after all? mail us at sales@sanfrix.com – PowerPoint PPT presentation

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Title: Starting Your Own Forex Brokerage in 2019? Hacks to succeed (1)


1
Starting Your Own Forex Brokerage?
Steps Hacks to Succeed
2
Introduction
  • Youre not the only one considering opening a
    forex brokerage with the rise in the number of
    traders.The more traders there are, the more
    brokers they need, which makes this 3 trillion
    dollars a day industry so attractive! However,
    the sheer number of forex brokerages available
    today is astounding. A quick search online throws
    a result of hundreds of brokers people can choose
    from.
  • Unfortunately, this also means, there are plenty
    of unreliable forex brokers who make several
    promises they cannot keep and they end up burning
    the customers capital and eventually lose
    customers. So, how can brokerages remain
    reliable, viable and competitive while still
    being profitable?

Website Sanfrix.com
Mail Sales_at_sanfrix.com
3
Basic Steps
  • Lets get to the basics of getting started and we
    can see how you can remain competitive in a
    cut-throat market like foreign exchange.

Website Sanfrix.com
Mail Sales_at_sanfrix.com
4
Step 1
  • Company Incorporation Licensing
  • There are legal requirements like deciding the
    operational jurisdiction, company registration
    and getting a brokerage license
  • Establishing institutional relationships with
    several parties eg corporate banking solutions,
    payment gateway services, wire solutions, hosting
    services, etc.
  • Finalizing the business model and set-up to get
    started

Website Sanfrix.com
Mail Sales_at_sanfrix.com
5
Step 2
  • Technology, Liquidity Back Office Solutions
  • Running a business in a dynamic market such as
    Forex means growing rapidly, consistently and
    most importantly staying abreast of technological
    and infrastructural changes
  • In order to ensure a smooth journey, partnering
    with a forex brokerage technology provider who
    can keep up with the ever changing needs of a
    start-up is crucial

Website Sanfrix.com
Mail Sales_at_sanfrix.com
6
Hacks to Succeed
  • Now that were done with checking off the basic
    requirements,
  • lets look at some of the intangible yet critical
    aspects of what will keep your ball rolling.

Website Sanfrix.com
Mail Sales_at_sanfrix.com
7
Hack 1
  • Dont Over-do Profit Margins
  • Its normal for FX brokers to apply a markup fee
    on the forex interbank market price. For eg if
    the interbank charges 1 pip on EUR/GBP, some
    brokers raise it up to 3 or 4 pips on every trade
    of this currency pair. This means the broker is
    making a profit of 2 to 3 pips on each trade
  • This will make your customers shop around. There
    are a diamond dozen brokers who will offer
    something way cheaper, especially, if these
    trades fall under the top 6 trading pairs. So
    greed is not the recipe for long term
    sustainability

Website Sanfrix.com
Mail Sales_at_sanfrix.com
8
Hack 2
  • Incorporate Forex Risk Management Tools
  • Get a risk management tool for your FX brokerage
    thats easily compatible with MT4/MT5. We cant
    stress that enough. Everything about running a
    successful brokerage is about making better
    decisions and running a trading business without
    a risk management tool is like gambling
  • An effective risk management tool doesnt just
    protect your brokerage, but it also makes your
    business profitable over the long run by helping
    you make better decisions and avoiding losses

Website Sanfrix.com
Mail Sales_at_sanfrix.com
9
Hack 3
  • Transparency and Support
  • Many brokers charge a commission fee and are
    transparent about it and some arent. They
    promise commission free trading but draw up the
    spreads and the customers never receive the
    actual benefit of trading
  • Forex trading is supposed to be as cheap as
    possible and you must aim at charging low
    commission fees if you want to and be transparent
    about it
  • Customers dont want to invest large amounts of
    money with a manipulative broker. Also, keep your
    support high quality, quick and responsive at all
    times, especially during withdrawals to avoid
    giving red signals

Website Sanfrix.com
Mail Sales_at_sanfrix.com
10
Heres how Sanfrix can help you on this journey...
11
  • Sanfrix has initiated several brokerages from
    various jurisdictions and can help you too,
    making the entire set up hassle-free.
  • We offer deep institutional liquidity with
    customised pricing and execution analytics to
    make sure all your liquidity needs are met.
  • Continued strategic partnership, free
    consultation support and 24/6 customer support
    from our Chief Success Officer.
  • COMPANY INCORPORATION
  • TECHNOLOGY
  • LIQUIDITY
  • CRM
  • BACK-OFFICE
  • STRATEGIC PARTNERSHIP
  • Sturdy CRM customised for FX brokers with
    multi-tier affiliate management, unified
    communications, KYC, customer journeys,
    insightful reporting and more.
  • We offer MT4 / MT5 Whitelabel solutions. Advanced
    technology and reliable solutions at an
    affordable cost.

Website Sanfrix.com
Mail Sales_at_sanfrix.com
12
Contact Us
  • Sanfrix can help you with all your brokerage
    needs and has helped several forex brokerages
    double their profits by simply implementing the
    right tools.
  • Question is
  • Will your brokerage be one of them?

65 9860 7215
sales.sanfrix
sales_at_sanfrix.com
t.me/sanfrixltd
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