ā¦.
š¼ Costs of Setting Up a Forex Broker
1. Company Registration & Legal Opinion: $6,000
2. Virtual Address: $12,000 per year
3. Bank Account: $5,000 ā $10,000
4. Lawyer Fees: $5,000 - $10,000
5. Website: $10,000 ā $30,000
6. 3-Month MT5 Rent: $30,000
7. Bridge: $1,500 ā $4,000 Monthly
8. CRM: $1,000 ā $3,000 Monthly
9. IB Portal: $1,000 ā $2,000 Monthly
10. Administrator Setup: $10,000
11. Access Servers: $10,000 per year
12. Risk Management Platform: $2,000 ā $5,000 Monthly
13. Deposit for Liquidity Provider: $10,000 ā $100,000
14. Regulation: $50,000 ā $500,000
15. WikiFX & Other Forex Media: $20,000 ā $40,000 per year
š” This is a complete overview of what it takes to set up a Forex broker.
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