Forex trading has become quite popular recently and for all the right reasons. If there’s one common suggestion that comes from people with big bucks, it’s definitely the suggestion of investing young. We all are aware that a 9 to 5 doesn’t make you rich rather it just covers your necessities.
Now, the problem is that being you g you don’t have a lot of money to invest in big projects. So, people nowadays go for forex trading as it’s quick and you can start from little investments too. To have better trading opportunities, forex brokers are required and that’s exactly what this article is about.
Since many people are into forex now, the boom for Forex brokers is on the rise as well. It’s a good time to start your career as a Forex broker. Nonetheless, you need to know that there are a lot of limitations and challenges when it comes to being a Forex broker until and unless you choose the right country for your Forex License.
Forex License in Mauritius is one of the most convenient and beneficial licenses to get. If you’re thinking to start your career as a Forex broker there’s no better country to get your license from. Why are we saying that? Let’s have a better look at why it is what it is.
To put it in the simplest of words, Mauritius is an international financial hub. Mauritius has established itself as one of the world’s registries of companies with the quickest growth since it was founded. In terms of effectiveness, creativity, and service variety, it is a leader. If you decide to obtain your licences in Mauritius, you will have virtually no constraints on your ability to sell your services and set your own prices for your customers.
Second only to the EU in terms of strength among second-tier licencing jurisdictions is Mauritius. While there are some issues with going offshore, if you select Mauritius, you will steer clear of a lot of the trouble associated with EU rules and get to experience the benefits of going offshore.
Advantages of a Mauritius Forex License
- Prominent international banking organisations with licences in Mauritius include HSBC, Barclays, Afraisa, and Standard Chartered;
- The financial services industry is expanding at a 6% annual rate, with significant investments coming from nations like Russia.
- Your Forex business won’t pay taxes because it’s a non-resident;
- You can manage your business from anywhere as long as the MLRO, compliance officers, and non-executive instructions are headquartered there;
- Professional service costs in Mauritius are very low;
- Your information is guaranteed to remain private whenever it is provided to either the Financial Services Company or the Registrar of Companies.
Mauritius’ legal system and a Forex licence
When it comes to the kinds of assets they can trade and the advice they can give their clients, Mauritian Forex brokers (with a Forex License in Mauritius) are essentially unrestricted, which can give your business a lot of freedom. When you choose to obtain your licence from Mauritian, you will be allowed to manage your customers’ CFD and FX portfolios and carry out transactions on their behalf.
Activities that are allowed include:
serving as a middleman in the security transactions of your clients.
provide investment guidance.
oversee the portfolios of your clients.
Trade securities to resell them to the general public.