One of the distinguishing characteristic of the FSA Broker License is that it can be either regulated or unregulated. If you choose the unregulated one all you need to do is open a corporate account where there are no capital requirements unlike neighboring jurisdictions.
This is the most cost effective and fast alternative for brokers looking to get started. Even more if your company is also registered in St. Vincent opening a bank account is very easy.
If you plan to start a regulated Forex broking company the license will be issued by the Financial Service Authority (FSA) of St. Vincent.
In this case you will be requested to submit the following documents:
Notarized passport copy
Proof of address – notarized utility bill no longer than 3 month old
Director and Shareholder’s Bank reference letter
Director and Shareholder’s Curriculum Vitae
Corporate documents such as the company’s Memorandum of Association and Articles of Association,
Certificate of Incumbency
In addition to providing assistance with filling in the required documents for registering as a forex broker we can also submit your application to the FSA. In case you have any further questions or you require assistance in any of these areas, don’t hesitate to contact us.
The registration process in St Vincent is fairly short, around 2-3 weeks.