Forex Broker License Services

Forex Brokers

Forex Brokers

Forex Brokers

Forex Broker License Services

Forex businesses face tight regulatory scrutiny. We work with startups and global fintechs to navigate US and international licensing requirements, build practical compliance programs, and manage the details that regulators care about.

Speak to an expert

As seen on:

Eligibility

Who Needs a Forex Broker License?

Many types of companies that deal in foreign exchange are subject to licensing. The specific license depends on your activities and where you operate. Here are some examples.

Fintechs with FX Features

Even if FX is just one part of your product, licensing might be required. This includes apps that mix trading, payments, and currency exchange.

Fintechs with FX Features

Even if FX is just one part of your product, licensing might be required. This includes apps that mix trading, payments, and currency exchange.

Currency Exchange Services

Companies that convert one currency to another, either online or in person, often need to register as money services businesses and obtain state or international licenses.

Currency Exchange Services

Companies that convert one currency to another, either online or in person, often need to register as money services businesses and obtain state or international licenses.

Cross-Border Payment Providers

Businesses that send or receive funds internationally must comply with money transmitter laws and may need additional licenses based on their service model and jurisdictions.

Cross-Border Payment Providers

Businesses that send or receive funds internationally must comply with money transmitter laws and may need additional licenses based on their service model and jurisdictions.

Forex Trading Platforms

Firms offering leveraged forex trading to retail clients generally require registration with a financial regulator, such as the CFTC in the US or the FCA in the UK.

Forex Trading Platforms

Firms offering leveraged forex trading to retail clients generally require registration with a financial regulator, such as the CFTC in the US or the FCA in the UK.

Learn More About Forex Brokers

Steps

Steps to Register Your Forex Business

Define Your Business Model

Your licensing path will look very different if you’re serving just one US state vs. offering services globally. The first step is deciding where and how you’ll do business.

Define Your Business Model

Your licensing path will look very different if you’re serving just one US state vs. offering services globally. The first step is deciding where and how you’ll do business.

Start Federal and State Registrations (US)

If you operate in the US, you’ll likely need to register with FinCEN as an MSB and implement an anti-money laundering program that meets Bank Secrecy Act standards.

Start Federal and State Registrations (US)

If you operate in the US, you’ll likely need to register with FinCEN as an MSB and implement an anti-money laundering program that meets Bank Secrecy Act standards.

Apply for Licenses in Required Jurisdictions

If you're targeting international users, you may need to register with regulators like the FCA in the UK or MAS in Singapore. Each has its own process and document requirements.

Apply for Licenses in Required Jurisdictions

If you're targeting international users, you may need to register with regulators like the FCA in the UK or MAS in Singapore. Each has its own process and document requirements.

Provide Detailed Compliance and Financial Info

Regulators want to see who’s behind your company, how your systems work, and how you’ll monitor transactions. Expect to submit documentation covering policies, controls, and risk management.

Provide Detailed Compliance and Financial Info

Regulators want to see who’s behind your company, how your systems work, and how you’ll monitor transactions. Expect to submit documentation covering policies, controls, and risk management.

Submit Applications and Respond to Requests

Regulators will often follow up with questions or requests for clarification. Timely and accurate responses help keep your application on track.

Submit Applications and Respond to Requests

Regulators will often follow up with questions or requests for clarification. Timely and accurate responses help keep your application on track.

Stay Ready for Ongoing Reporting

Once licensed, you’ll need to file reports, track transactions, and maintain your compliance program. Most licenses come with ongoing supervision.

Stay Ready for Ongoing Reporting

Once licensed, you’ll need to file reports, track transactions, and maintain your compliance program. Most licenses come with ongoing supervision.

Resources

Latest Content

Articles

Guidelines for Referral Program Compliance in Financial Services

Broker-Dealers

RIAs

ATS

Apr 22, 2025

16 min read

Articles

Guidelines for Referral Program Compliance in Financial Services

Broker-Dealers

RIAs

ATS

Apr 22, 2025

16 min read

View All

FAQ

Frequently Asked Questions

What is required to register as a forex broker in the US?

Can a forex broker serve US clients if licensed overseas?

What’s the difference between retail and institutional forex?

How much capital is required for RFED registration?

How long does forex broker registration take?

What’s the application process like for RFED registration?

Can I offer forex as part of a broader fintech product?

Let’s Talk About Your Forex Licensing Plans

Forex Broker License