Do I Need to Get a License to Start a Forex Business?

Do I need to get a license to start a Forex business? Forex trading is, at its most basic, simply buying currency at a low price and then, hopefully trading it for a higher price in order to make a profit. Many people are drawn to Forex trading by the possibilities of swift wealth accumulation as well as the ease with which trading can be commenced. There is often considerable confusion about when Forex businesses require a licence and when they can trade without one. Take a look at circumstances where licensing is important and where it can be avoided

Who is your audience?

If you're simply trading using your own monies and aren't investing resources belonging to other people or agencies, then there is no need to be licensed. Coddan can give you information regarding everything you need to do to get your company registered, incorporated and operational, either abroad or in the UK. 

You do normally need a license if you're intending to offer a brokerage service to customers. Unfortunately, we cannot help you to obtain a Forex license in the United Kingdom.