Forexware Blog

Start Your Own Brokerage

by Forexware Team | Tue Apr 19, 2016

The foreign exchange (FX) market now generates an impressive $5 trillion a day, making it the largest market (by volume) in the world.  By combining our leading-edge technology and years of expertise in the FX industry, Forexware can deliver the forex market directly to any entrepreneur interested in starting his or her own FX brokerage. … View Article

Think BIG start small…

by Forexware Team | Mon Apr 4, 2016

Think BIG start small… Written by Marina Pinto   As a sales and relationship specialist for almost 10 years, one of the things I have come to admire from many of the prospects I speak with is their enthusiasm.  Enthusiasm, drive and passion are all characteristics that are not only needed to be successful in… View Article

Choosing the Best FX Liquidity Provider II

by Forexware Team | Mon Feb 8, 2016

Part II: Market Maker versus STP Broker Written by Fred Scala   I often hear people mention that they only want to deal with an STP broker: they don’t feel comfortable trading against a market maker. Back when e-trading was in its early stages brokers that employed a market maker strategy were often accused of… View Article

Choosing the Best FX Liquidity Provider I

by Forexware Team | Fri Jan 8, 2016

Part I: Spreads, execution and latency Written by Fred Scala   A lot of people think the tightest prices available will give them the best liquidity stream. That is not always true. Depending on your business the best stream might not have the tightest prices. When you speak with an LP about which streams might… View Article

How Do I Forecast Volume Based Revenue Generation?

by Forexware Team | Thu Dec 10, 2015

The ability to accurately forecast revenues is a crucial tool in identifying targets for success.  Brokerages that utilize a Straight Through Processing (STP) model may calculate volume-based revenues related to total client deposits, estimated monthly trading volumes, and round turn markups.  As the number of clients increase, total deposits, trading volume, and subsequently revenues will… View Article

Running a Brokerage: Four Simple Things to Keep in Mind

by Forexware Team | Tue Nov 10, 2015

Remember the Basics   The basics of this business are simple:  1. Service clients. 2. Turn a profit.  How you go about the former will heavily determine the result of the latter.  Just like in any service related business, those who are successful understand what their clients really want.  So what do they want? Safety… View Article

How Do I Start My Own Brokerage?

by Forexware Team | Thu Oct 22, 2015

At Forexware we are often asked the question, “How do I start my own brokerage?”  When one thinks about it the process can appear quite overwhelming.  For example, if you asked someone to describe a brokerage they would probably conjure up images of a noisy trading floor in a high rise building with paper flying… View Article