Foreign exchange licenses that start-up foreign exchange exchanges can apply for

The foreign exchange market has been around for a long time. In fact, 156 can be seen very intuitively through the foreign exchange Sky Eye platform. 3780 can be seen by large and powerful companies. Apply for each MM full license, but for start-ups, the full license puts too much pressure. Next, I will recommend a few high-quality, more cost-effective ones, and they are available at all levels.

1. Canadian MSB rating: three stars

Supervised by FINTRAC in Canada, its business scope covers: foreign exchange transactions, transfer and remittance business, cashing or selling money orders, traveler's checks, etc.

Application process: To register a BC provincial or federal company, the compliance officer submits the application form.

It should be noted that Canadian companies usually do not verify their names, so you need to prepare several alternative company names.

2. Australian ASIC-AR license level: four stars

Everyone who knows the value of an Australian license knows that AR licenses are different from MM full licenses and do not require additional deposits.

ASIC’s regulatory scope includes:

1. A wide range of institutions in the pension, insurance, deposit and loan industries

2. Local banking financial institutions and International bank branches operating in Australia

3. Securities, futures, foreign exchange, financial derivatives and other financial trading institutions

4. All practitioners involved in financial product information consultation and services

5. All financial industry practitioners must hold a certificate to work and engage in financial business in accordance with regulations

Since the AR license is affiliated with the MM full license, they need to pay a certain amount to the big brand on time. Maintenance costs.

You can also apply for a U.S. NFA license, which is also very practical and is included in Foreign Exchange Sky Eye.