card along with your original one. A Prime broker will customize the interface and platforms for you, so that you'll be running under your own logo. Money Changing Activity should be one of the main activities mentioned in the object clause of the company. Your new brokerage company set-up plan mustafa foreign exchange rate today would include:. Avoid Travelers cheques, travelers cheque are now a thing of the past. . As an, iB (Introducing broker) you'll be sending/referring all clients to your Prime broker, where they will eventually open a trading account. (a) Date of establishment of the company (b) Name/s and address/es of the Directors of the company. .
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Pay registration fees and meet a minimum capital requirements for opening a brokerage business (Broker-dealer applicants and registrants must have and maintain the minimum net capital required by Securities and Exchange Commission Rule 15c3-1 and comply with SEC Rule 15c3-3 governing customer protection, reserves and. It is advisable to get your foreign exchange ready before a week, or in the worst case at least three days before your travel date. The company should have a net owned fund.25Lakhs to apply for a single branch license and.50lakhs for a multiple branch license. Copy of the Certificate of Incorporation of the company. . When you swipe it some where out of India, the transaction happens in the foreign currency which includes with it a currency conversion mark up ranging up to 5 percent.
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