Broker licenses

Country	Australia

The "Law on Corporations" is in effect in Australia, which regulates the activities of forex markets. Online trading is a subtype of over-the-counter contracts for margin difference. The latter, in turn, is a financial product that fully complies with the legislation of the region.

Services of brokers in stock markets without provision of a special license are illegal activities that can be considered as fraudulent activities or financial fraud.

Country	Belize

In order to obtain brokerage license in Belize, a person should examine the regulations of this jurisdiction, as well as the procedure for certification of new company.

The country's regulatory authority is the International Financial Services Commission (IFSC) that imposes different requirements on organizations depending on the number of their financial instruments, specific focus of the scope of activity and other factors.

Country	Czech Republic

One of the advantages of processing brokerage license in the Czech Republic is the fact that the National Bank of the country acts as the regulator of the financial and forex markets. The state institution complies with all regulations of the legislation and guarantees equal conditions for consideration of applications for citizens of the state and non-residents.

If you obtained brokerage license in one of the EU member states, business expansion into neighboring regions that are also part of the Union is possible by a simple procedure of inter-jurisdictional authorization without additional filing of documents and payment of large state fees.

Country	Germany

Obtaining a brokerage license gives the opportunity to carry out activities, subject to low taxation, while also submitting minimum reporting statements, in various countries via the Internet. In the German Forex market, supervision of the activities of participants is carried out by such organization as the BaFin (German Federal Financial Supervisory Authority).

The BaFin is the most stringent regulator in Europe. It controls the activity of brokers in real-time mode, monitors compliance with the standards and ensures the stable functioning of financial markets.

Country	Latvia

Permission for brokerage activities in Latvia is issued by a special commission on regulation of local financial resources and funds. The license gives the right to provide a range of services in the financial sector. These include:

• Consulting clients on issues of material deposits and trading in currency markets.
• Placement of users' funds for storage.
• Creation of own types of Internet currency or means of its exchange.
• Trading in the markets of securities and shares.
• Investment of various funds allowed by the state, etc.

Only legal entity who is a resident of a given country or another state that is member of the EU can obtain a brokerage license in Latvia. When submitting application, natural persons need to register a new company in the territory of Latvia.

Country	Lithuania

The Forex market is one of the most famous stock exchanges among traders around the world. Companies engaged in this field of business are considered investment ones in the territory of Lithuania. Their activities are licensed according to the protocol on legal entities of the country's financial sector. The state regulations list all types of services that an organization of this kind can provide, as well as financial instruments available for the work of businessmen.

The procedure for obtaining a brokerage license in Lithuania is the same for both residents of the country and applicants from the republics of the European Union. In addition to these citizens, beneficial owner of an investment company from any other country can apply for a registration of a brokerage license.

Country	Malta

Malta is a member of the European Union. In early 2004, it obtained the rights of a licensor to issue certificates for brokerage activities in accordance with EU standards and requirements. Obtaining a brokerage license in Malta is advantageous because the country maintains a high level of economy, hence the tax environment remains attractive for local citizens and non-residents.

The EU Directive on Passportization allows all owners of brokerage permissions from Maltese jurisdiction to expand their business throughout Europe by means of a simplified form.

Country	United Kingdom

Lawyers of the company Law&Trust offer to obtain a brokerage license in Great Britain for unimpeded carrying out of investment activities in the United Kingdom. The main regulator of forex exchanges is the FCA, that is an organization created at the expense of the material assets and funds of the companies it controls.

Regulations established by the FCA should be strictly observed by the clients of the licensor, that is the guarantor of long-term business cooperation.

License for brokerage activities in the UK is issued to companies that fully comply with all legislative norms of the country, have their own office on the territory of the state and have certain amount of authorized capital.