Forex Market Traders

One Comment to “How does one become a forex broker?”

1. Vanorton Says:
   November 30th, 2008 at 10:36 pm

   Hi there,

   Well first of all I opened up my own firm 2 years ago so I can offer you some incite on this matter. I do everything from stock, bonds, mutual funds, insurance, annuities, wealth management, options, futures etc you get the point.

   You are going to need several things.

   1.) clients,
   2.) e/o insurance
   3.) you need to produce at least 200k in gross commission to even be looked at if your opening up a firm.
   4) compliance officer
   5) clearing company to clear you trades.
   6) series 7 license (allows you to trade equities)
   7) series 63 license ( allows you to practice in your state) futures license
   9) Insurance License
   10) series 66 or 65 license allows you to charge for your advise and time.
   11) and you need experience.

   Those are just a few things you need along with marketing etc.

   I got to run I saw your post and thought I would give you a little info.

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