Starting a stock brokerage firm
Are you about starting a Forex brokerage firm? Okay, so we have considered all the requirements for starting a Forex brokerage firm. If you enjoy being your own boss and also working from home, then one of the businesses you should consider starting is an internet based business.
The truth is that the advent of the internet has indeed created loads of business opportunities for people all over the world. With a computer and an internet connection, you can make millions from the comfort of your home if you know how to leverage on the internet.
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If you are interested in Forex foreign exchangeone of the viable and profitable businesses that you can start along that line is a fore brokerage company. Forex brokerage firm just like any other brokerage firm is an intermediary between retail Forex traders those who trade on foreign exchange market and the Forex market.
Forex brokerage companies provide the platform for retail Forex traders to trade Forex on the internet. Starting a Forex Brokerage Company can be rewarding but you would have to compete with other well established Forex brokerage companies on the World Wide Web. The truth is that, there are loads of standard and substandard Forex brokerage firms out there, all you need to do to make good profits is to make yours standout. The fact that you will be competing with people from all over the globe is enough reason for you to be creative with your Forex brokerage firm.
In order to attract Forex traders you should ensure that your Forex trading platform is user friendly and the payment portal is secured. It is also very important that you make the withdrawal process seamless for your clients retail Forex traders. The financial services industry is indeed a broad industry and one of the active line of businesses in the industry that any entrepreneur who have solid understanding on how foreign exchange works is to either start a Forex brokerage firm or to launch an online Forex trading business.
A non-bank foreign exchange company also known as foreign exchange broker or simply Forex broker is a company that offers currency exchange and international payments to private individuals and companies.
The term is typically used for currency exchange companies that offer physical delivery rather than speculative trading. As a Forex brokerage company, your responsibility is to provide Forex trading platform for retail Forex traders. So what you need to do is to hire experts to help you develop a user friendly Forex trading platform. Your trading platform must be secured and easy to navigate.
It is also important to make use of secured payment portal and also Forex traders should be able to withdraw their earnings without stress. The truth is that the numbers of people that register and trade on your Forex trading platform is what will determine the money you will make.
In order to attract people to your trading platform, you should develop Forex trading demo; a learning tool for Forex trading. The Forex Brokerage Services industry is indeed in a mature stage of its growth. The industry is characterized by growth in line with the overall outlook of the economy, consolidation from the largest players in the industry and wholehearted market acceptance of industry products currencies from different nations and services.
The Forex Brokerage services line of business will continue to be in high demand by business establishment in the United States, most especially as the number of businesses and international trade increases. Manufacturing industries and other corporate organizations are also expected to continue to source for Forex especially when they are involved in intentional trade or have international business partners.
The Forex Brokerage Services industry is indeed a large industry and pretty much active in countries such as United States of America, United Kingdom, France, Italy, Nigeria, South Africa Japan, China, Germany, and Canada et al. Over and above, starting a Forex brokerage firm requires professionalism and good grasp of our foreign exchange works on a global platform.
Besides, you would need to get the required certifications and license and also meet the standard capitalization for such business before you can be allowed to start a Forex brokerage firm in the United States; the industry is heavily regulated to guide against fraud and criminality.
Freeman Jones Forex Brokerage Firm, LLC is a registered and licensed Forex brokerage company that will be located in the heart of Las Vegas — Nevada. The company will be involved in dealing in currencies from leading countries of the world whose currencies are traded in the United States of America. Aside from the fact that we will serve as a bureau de change for business and individuals who want to buy or sell foreign currencies, we will also engage in Forex trading on the internet.
We are aware that to run an all — round and standard Forex brokerage firm can be demanding which is why we are well trained, certified and equipped to perform excellently well. We will offer a standard and professional Forex services to all to our individual clients, and corporate clients. We will ensure that we hire professionals who are well experienced in the Forex bureau firms industry with strong bias in online Forex trading.
Freeman Jones Forex Brokerage Firm, LLC will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.
Our plan is to position the business to become the leading brand in the Forex brokerage services line of business in the whole of Nevada, and also to be amongst the top 20 Forex brokerage firms in the United States of America within the first 10 years of fully launching the business.
This might look too tall a dream but we are optimistic that this will surely be realized because we have done our research and feasibility studies and we are enthusiastic and confident that Las Vegas is the right place to launch our Forex brokerage cum Forex trading company before sourcing for clients from other cities in The United States of America.
Freeman Jones Forex Brokerage Firm, LLC is founded by, Mr. Freeman Jones and his family. Freeman Jones is Forex trader per excellence with adequate results to show for it. He has well over 15 years of experience working at various capacity within the financial consulting industry with strong bias for Forex in the United States of America.
Freeman Jones graduated from both University of California — Berkley with a Degree in Accounting, and University of Harvard MSc. Finance and he is a chartered account. Freeman Jones Forex Brokerage Firm, LLC is going to offer varieties of services within the scope of the Forex brokerage services industry in the United States of America and of course on the global stage.
Our intention of starting our Forex brokerage firm in Las Vegas — Nevada is to leverage on the opportunities available in the city. We are well prepared to make profits from the industry and we will do all that is permitted by the law in the United States to achieve our business goals, aim and ambition.
Our business offering are listed below. Our vision is to build a Forex brokerage services brand that will become the number one choice for individuals, smaller businesses and corporate clients in the whole of Las Vegas — Nevada. Our vision reflects our values: Our mission is to provide professional, reliable and trusted Forex trading and Forex brokerage services that assist start — ups, corporate organization, manufacturing companies and non-profit organizations in sorting out their foreign exchange and financial foreign exchange rate ato 2016 concerns.
We will position the business to become the leading brand in the bookkeeping and payroll services line of business in the whole of Nevada, and also to be amongst the top 20 bookkeeping and payroll services firms in the United States of America within the first 10 years of operations. Freeman Jones Forex Brokerage Firm, LLC, is a Forex brokerage cum Forex trading firm that intend starting small in Las Vegas — Nevada, but hope to grow big in order to compete favorably with leading Forex brokerage cum Forex online stock brokers in nigeria firms in the industry both in the United States and on a global stage.
We are aware of the importance of building a solid business structure that can support the picture of the kind starting a stock brokerage firm world class business we want to own.
This is why we are committed to only hire the best hands within our area of operations. Ordinarily we would have settled for two or three staff members and settle for just online Forex trading services, but as part of our plan to build a standard Forex brokerage services firm in Las Vegas — Nevada that will also be involved in buying and selling of Forex, hence we have perfected plans to get it right from the beginning.
The picture of the kind of Forex brokerage services business we intend building and the business goals we want to achieve is what informed the amount we are ready to pay for the best hands available in and around Las Vegas — Nevada as long as they are willing and ready to work with us to achieve our business goals and objectives. At Freeman Jones Forex Brokerage Firm, LLC, we will ensure that we hire people that are qualified, forbes dead moneymakers, and creative, result driven, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders the owners, workforce, and customers.
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company.
In view of the above, we have decided to hire qualified and competent hands to occupy the following positions. Freeman Jones Forex Brokerage Firm, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well — structured Forex brokerage cum Forex trading firm that can favorably compete in the highly competitive Forex market in the United States and the world at large.
Part of what the team of business consultant did was to work with the management of our organization in conducting a SWOT analysis for Freeman Jones Forex Brokerage Firm, LLC.
Here is a summary from the result of the SWOT analysis that was conducted on behalf of Freeman Jones Forex Brokerage Firm, LLC. Our core strength lies in the power of our team; our workforce.
We have a team that can go all the way to give our clients value for their money; a team that are trained and equipped to pay attention to details and to deliver excellent returns whenever our clients engage our services to trade Forex for them. We are mpc options playback output positioned and we know we will attract loads of clients from the first day we open our doors for business.
As a new Forex brokerage cum Forex trading firm in Las Vegas — Nevada, it might take some time for our organization to break into the market and gain acceptance especially from corporate clients in the already saturated Forex brokerage services industry; that is perhaps our major weakness. So also, we may not have the required cash to leverage on the opportunities of buying huge Forex as permitted by the law of the United States when such opportunity present itself to us.
So also, we may not have enough budget to give our business the kind of publicity we would have loved to. As a standard and well — positioned Forex brokerage cum Forex trading firm, we are well — equipped and ready to take advantage of any opportunity that comes our way.
There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good. The Forex brokerage cum Forex trading services industry is indeed a very large industry and of course it is testing weak form stock market efficiency on bombay stock exchange of india industry that works for businesses across different industries.
If you are conversant with the trend in the Forex brokerage cum Forex trading industry, you will agree that loads of businesses but in the United States and in other part of the world are becoming active in international trades hence the increase demand for Forex. The truth is that, a company in the manufacturing sector that depend on raw materials from the international market, or a company actively involved in importing and exporting and of course international tourist and international students et al cannot effectively operate their business or fit into a new country without having the currency of the host nation.
Another notable trend in the Forex brokerage services industry is that in the last five years, the industry has performed impressively as a real estate earnest money dispute reduction in unemployment boosted the revenue generated in the industry.
So also, the Forex brokerage services cum Forex trading industry has benefited from the advancement of online Forex trading software and platforms, with new cloud-based offerings providing a new revenue stream for operators, and attracting new customers.
Going forward, increasing product penetration and of course an expanding customer base is expected to drive growth in the industry. The demographic and psychographics composition of those who need the services of Forex brokerage cum Forex trading firms cuts across individuals, small businesses and large corporations.
Freeman Jones Forex Brokerage Firm, LLC will initially serve small to medium sized business, from new ventures to well established businesses and individual clients, but that does not in any way stop us from growing to be able to compete with the leading Forex brokerage service firms in the United States. As a standard and licensed Forex brokerage cum Forex trading service firm, Freeman Jones Forex Brokerage Firm, LLC offers a wide range of Forex related services hence we are well trained and equipped to services a wide range of clientele base.
Our target market cuts across businesses of different sizes and industries. We are coming into the industry with a business concept that will enable us work with individuals, small businesses and bigger corporations in and around Las Vegas — Nevada and currency converter euro to usd historical cities in the United States of America.
Below is a list of the businesses and organizations that we have specifically design our products and services for. The level of competitions in the Forex brokerage services industry does not in any way depend on the location of the business since most people on that trade Forex can operate from any part of the world and still effectively compete in the Forex trading platforms. We are quite aware that to be highly competitive in the Forex brokerage services industry means that we should be able to make available Forex from leading countries of the world and also to produce results and give good starting a stock brokerage firm on investments when our clients, both individual clients and corporate clients give us Forex to trade on their behalf.
Freeman Jones Forex Brokerage Firm, LLC might be a new entrant into the Forex brokerage services industry in the United States of America, but the management staffs and owners of the business are considered gurus. They are people who are core professionals and licensed and highly qualified Forex traders in the United States. These are part of what will count as a competitive advantage for us.
Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category start — ups Forex brokerage cum Forex trading firms in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.
We are mindful of the fact that there is stiffer competition amongst Forex brokerage firms cum Forex trading firms in the United States of America; hence we have been able to hire some of the best business developer to handle our sales and marketing.
Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization. We will also ensure that our excellent service deliveries speaks for us in the market place; we want to build a standard bookkeeping and payroll service business that will leverage on word of mouth advertisement from satisfied clients both individuals and corporate organizations.
Our goal is to grow our Forex brokerage services firm to become one of the top 20 Forex brokerage firms in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the Las Vegas but also in other cities in the United States of America.
Freeman Jones Forex Brokerage Firm, LLC is set to make use of the following marketing and sales strategies to attract clients. We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.
We are set to take the financial consulting services industry by storm which is why we have made provisions for effective publicity and advertisement of our Forex brokerage cum Forex trading firm. Below are the platforms we intend to leverage on to promote and advertise Freeman Jones Forex Brokerage Firm, LLC. Freeman Jones Forex Brokerage Firm, LLC is established with the aim of maximizing profits in the Forex brokerage services industry and we are going to go all the way to ensure that we do all it takes to attract both corporate and individual clients on a regular basis.
Freeman Jones Forex Brokerage Firm, LLC will generate income by offering the following Forex trading cum Forex brokerage services for individuals, manufacturing companies, NGOs and for corporate organizations. We have been able to critically examine the Forex brokerage cum Forex trading market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to startups in Las Vegas — Nevada.
Below is the sales projection for Freeman Jones Forex Brokerage Firm, LLC, it is based on the location of our business and the wide range of financial consulting services that we will be offering.
Please note that the above projection might be lower and at the same time it might be higher. It is a fact that Forex trading both online and offline is driven by the demand of a certain currency which is why the prices cannot be fixed; prices for Forex fluctuates on a regular basis. At Freeman Jones Forex Brokerage Firm, LLC we will keep the prices of our services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services.
In addition, we will also offer special discounted rates to all our customers at regular intervals. At Freeman Jones Forex Brokerage Firm, LLC our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients.
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In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches. Starting a Forex brokerage cum Forex trading firm can be cost effective; this is so because on the average, you are not expected to acquire expensive machines and equipment. Aside from the working capital or capitalization as is required by the regulating body, basically what you should be concerned about is the amount needed to secure a standard office facility in a good and busy business district, the amount needed to furniture and equip the office, the amount to purchase the required software applications, the amount needed to pay bills, promote the business and obtain the appropriate business license and certifications.
This is the financial projection and costing for starting Freeman Jones Forex Brokerage Firm, LLC. Going by the report from the market research and feasibility studies conducted, we will need over one hundred and fifty thousandU.
Just a moment
It is important to state that the testing and evaluating expenses would be high because of the large amount needed as working capital.
Freeman Jones Forex Brokerage Firm, LLC is a business that will be owned and managed by Freeman Jones and his immediate family members. They are the sole financial of the firm, but may likely welcome partners later which is why they decided to restrict the sourcing of the start — up capital for the business to just three major sources.
All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited. The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. One of our major goals of starting Freeman Jones Forex Brokerage Firm, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.
We know that one of the ways of gaining approval and winning customers over is to offer our Forex brokerage cum Forex trading services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while. Freeman Jones Forex Brokerage Firm, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.
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