I was just wondering, does anyone here have no idea about how big budget does it take to start your own Forex trading dealer business?
I'm not seriously thinking about starting myself, because I'm sure I don't have that much money or neither knowledge. However, I was just interested about this number of money needed.
1) I guess first you should invest money to develop (or maybe buy) the whole system (online trading only). How much could this cost? It could be MetaTrader based only, so own web based system would not be necessary. Clients would download MetaTrader and place orders via your company spread.
2) Secondly you should have enough money to keep you in safe - not going into bankgroup against your clients. This is propably something impossible to say even closely as it depends about how big portfolios are your clients trading against you.
I'm not seriously thinking about starting myself, because I'm sure I don't have that much money or neither knowledge. However, I was just interested about this number of money needed.
1) I guess first you should invest money to develop (or maybe buy) the whole system (online trading only). How much could this cost? It could be MetaTrader based only, so own web based system would not be necessary. Clients would download MetaTrader and place orders via your company spread.
2) Secondly you should have enough money to keep you in safe - not going into bankgroup against your clients. This is propably something impossible to say even closely as it depends about how big portfolios are your clients trading against you.