Introducing broker in UK-need NFA license? - MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community

MarioX · #1 (**permalink**) 01-30-09, 04:59 PM

Hello guys,

I have a question-mainly to British friends. I am introducing broker(introducing agent) for US FCM and my company is located in UK. Do I need any license from FSA if I do not target British clients?(my clients live both outside US and UK). Any information on this?

Thanks in advance for any help.

efxco · #2 (**permalink**) 01-31-09, 06:33 AM

i am not sure but i think NO, but FSA will be a good authenticity for all forex brokers

MarioX · #3 (**permalink**) 01-31-09, 07:10 AM

Quote:

Originally Posted by efxco

i am not sure but i think NO, but FSA will be a good authenticity for all forex brokers

Thanks. Yes-FSA license would be good. But it is expensive-my business is not that large so I could afford it.

hyiperz · #4 (**permalink**) 05-26-09, 07:31 AM

agreed, check the FSA authentication

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