Need a piece of advice

[Veronika]

Hi all! I'm going to open a brokerage firm. What should I start with?

[Mike Boss]

In what line of business ?

Finance brokerage ?

[Veronika]

At the moment I'm an entrepreneur. However I would like to open a Finance brokerage firm.

The biggest problem is, I dont know how to start. Therefore your advice would be a great help.

I would like to find out what's involved in starting a Finance Brokerage Firm and also becoming a Broker.

Couple of Questions I have listed below.

I hope someone can assist me and at least point me in the right direction on where to start.

1. What is my first step?

2. Do I need to be a broker to start a brokerage firm?

3. If it is not necessary to be a broker, does the firm need to have some sort of license?

4. If yes, than what type of license do I need?


Many thanks in advance.

[Mike Boss]

Veronika,

I already run a finance brokerage, the main issue you would have at the moment is in obtaining funding lines from lenders, as a lot of lenders are culling brokers at the moment rather than taking new ones on, especially new starts.

That said, i'd be interested in having a chat with you, so if you're interested, drop me a mail at mikeboss@thebosscorporation.co.uk with some contact details and I can give you some more information.

[Ian J]

Originally Posted by Veronika

does the firm need to have some sort of license?

I notice that you are posting from Belarus and assuming that you wish to operate from your own country the laws there may be different to those in the UK

To be a successful finance broker you need to be able to do two things. Firstly you need to be able to generate leads and secondly you need to be able to place them.

[Veronika]

Originally Posted by Mike Boss

Veronika,

That said, i'd be interested in having a chat with you, so if you're interested, drop me a mail at mikeboss@thebosscorporation.co.uk with some contact details and I can give you some more information.

Thank you Mike! I will contact with you shortly.

[brad1985]

Well,to star a company,you must get enough money ready.than go to apply your company.The whole process may take some time and you must bo patient.May you good luck.

[Emily0415]

you asked the question, you must know something about brokerage, but what kind of broker? A broker for stock or gold or futures?
The money you need is in propotion to the order I put them.
familiar with price movement, related figure, etc.
the more money you have, the more rich people you know, the smoother you will be on the way to your sucess!
Good luck!

[GloriaAdviser]

hi i would like to know how can i become a energy broker ? and insurance broker could anyone tell me please thank you very much.