Why And How To Launch A Forex Brokerage In 2024
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Government backing: Government support is crucial for the Forex market's resilience during global crises, recognizing its significance to the world economy.
- Rise in retail Forex trading: The increase in online retail Forex trading is a significant trend due to accessibility and user-friendliness.
- Growing need for FX brokerage companies: The rise in retail trading creates a demand for online FX brokerage firms, offering profitable business opportunities in the sector.
- Understanding FX brokers and models: Brokers act as intermediaries between traders and the foreign exchange market, with various models like ECN, STP, hybrid, white label, IB, and market makers.
- Advantages of starting a Forex trading company: Starting an FX brokerage business offers benefits such as high revenue potential, global market access, scalability, technology competitiveness, regulatory compliance, and fostering entrepreneurship.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
