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What to consider before opening your own brokerage?
Opening a brokerage involves various steps, including legal and regulatory requirements, technology setup, and client acquisition. The specifics can vary based on your location and target market.
Continue Reading at What You Need to Know Before Starting Your Own Brokerage
Is frequent spam calling a sign of broker red flags?
Yes, it might be.
You may receive a phone call asking for more deposits or more frequent trade. This is possible as your contact information is accessible to the company.
Thus, your data may facilitate the broker to contact you by email or cell phone, urging you to be more speculative and increasing your risks in the market.
Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker
How can affiliates help in growing a brokerage business?
Affiliates can play a crucial role in growing a brokerage business by promoting the broker's services to a wider audience. To incentivize affiliates, brokerages offer proper commissions and provide them with the tools and resources to market the services effectively.
Continue Reading at What You Need to Know Before Starting Your Own Brokerage
How to prove a broker's licensing claim?
Normally, a regulated broker will have a license number. Traders can check out the legitimacy of the number through the official website of the said regulator. If the number doesn't exist or is registered under a completely different company, there is a chance that it might be a scam.
Continue Reading at 4 Signs to Recognize Forex Broker Scams
