number of forex brokers

M

marketsurfer

forex brokers seem to be poping up everywhere. just read the latest TA of stock/commodities and was amazed at the numbers of forex brokers----

questions:

1. how many forex brokers are there ??

2. obviously there are few barriers to entry to open a forex broker business---what exactly is required ??


thank you in advance

surfer surfer
 
1. A zillion. The biggest forex broker is UBSW (UBS Warburg).
2. Capital, technology and good dealing rates from banks I suppose.
 
Quote from swoop[TR]:

1. A zillion. The biggest forex broker is UBSW (UBS Warburg).
2. Capital, technology and good dealing rates from banks I suppose.
More...


swoop,

it seems that many forex brokers are simply IB's with white labeled platforms.


surf surf surfer
 
Quote from marketsurfer:


it seems that many forex brokers are simply IB's with white labeled platforms.
More...

With little value-add either...I don't really understand all the white-labeling.
 
Quote from corvus:



With little value-add either...I don't really understand all the white-labeling.
More...


i agree. there must be little to no barriers to entry in the business.

best,

surfer
 
 
thanks for the research. i called a MAJOR forex broker and inquired about white label. one is required to place 100k in an account with them and they will set you up. you do not need to trade the money, and the money never leaves your control. talk about easy ! i am sure the futures broker do not make things this easy .

best,

surfer
 
Quote from marketsurfer:

thanks for the research. i called a MAJOR forex broker and inquired about white label. one is required to place 100k in an account with them and they will set you up. you do not need to trade the money, and the money never leaves your control. talk about easy ! i am sure the futures broker do not make things this easy .
More...

Guess that's the advantage of being unregulated. :)

But seriously, I can see some purpose in this...say someone did have a trading group for whom they provided research or signals or whatever. Attaching a $x commission/trade or something as a "fee" seems appropriate.

But I haven't seen a white-label that adds much, imho.

But the *IB* that WOULD add value would be the one handling GAIN, OANDA, FXCM, etc and letting me cross them. :D
 
You must log in or register to reply here.
Back
Top