Do I need a license to trade forex for others using my software hosted outside Singapore? ?

December 17th, 2009 | by Michael |
forex
mellie asked:


I am planning to run an automated forex trading platform hosted on a server outside Singapore. Client’s trading platform will be hosted on the server and trades will be executed on their behalf. Do I need a license and how do I obtain the license?

LAVERNE

  1. 3 Responses to “Do I need a license to trade forex for others using my software hosted outside Singapore? ?”

  2. By hope on Dec 17, 2009 | Reply

    If you are trading for others, you may need a license based on your countries rules about being an advisor sort of speak. You may want to contact some of your local officals You should be okay if the funds remain in your account. If you are looking for the best forex software, visit this site

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  3. By hanz on Dec 18, 2009 | Reply

    Legally yes, you need a license. All business need a license to operate.

  4. By Lawrence on Dec 20, 2009 | Reply

    Yes you need to. This is because you trade for others.

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