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.
Obtaining brokerage license in Australia is possible with the help of Law&Trust. Our specialists provide free consultations concerning the issues of selection of financial products and instruments, assist in completing forms in foreign languages, and also undertake full responsibility for collecting the necessary documentation package.
There are no special requirements for applicants in the jurisdiction. Every citizen or non-resident of the state continent can submit application for brokerage license.
The application should be accompanied by large package of documents that will contain comprehensive information about the material condition of all beneficial owners of the company, the authorized capital of the organization, as well as the development strategy. The application is considered by the Australian Financial Services Commission, which regulates the entire economic sector of the state.
In certain cases, the commission may request subsidiary documentation to confirm work experience or knowledge of the beneficial owners in the financial sector.
Obtaining brokerage license entitles to trade the options on stock exchanges that are controlled by Australian law. If it is necessary to expand the business to other regions, it is necessary re-submit application to foreign jurisdictions.
The total amount depends on the number of services that are necessary for you to obtain permission for brokerage activities.
The price with the approximate costs is posted on our site with no access restrictions, but the details for each particular case should be specified by telephone. Our lawyers accept applications for consultation and certificate processing by mail and in chat.