How expensive is it to start a futures brokerage firm

[yv09]

Hi,

I was interested in starting up a futures brokerage firm. I already have my series 3. I read a little on NFA's site as far as registering yourself as an AP and principle. Anyone know what the others fee's are with the NFA, do i need to have a certain amount sitting at the bank? Besides the usual office expenses, etc... what fee's am i looking at, anyone done this before that could share some knowledge? This is strictly going to be an introducing broker, not an FCM or anything special.

Thanks

 

[TraderZones]

Quote from yv09:

Hi,

I was interested in starting up a futures brokerage firm. I already have my series 3. I read a little on NFA's site as far as registering yourself as an AP and principle. Anyone know what the others fee's are with the NFA, do i need to have a certain amount sitting at the bank? Besides the usual office expenses, etc... what fee's am i looking at, anyone done this before that could share some knowledge? This is strictly going to be an introducing broker, not an FCM or anything special.

Thanks

Contact current brokers. Many have IBs. They will give you a lot of ideas. They have their advertisements on their sites, in financial magazines and elsewhere.