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how much money would i need to get into this business
tolislove 1 year ago
@tolislove Brokerages need to pay a fee to the trading floor they work on. They tend to also need some sort of reserve funds, a percentage of what their clients have with the brokerage. So really... how much you need would be a percent of how much your clients have xD.
The amount of money would be dependant on whether you'd employ your brokers, or become a partnership. You also need a licence (depends on the country), like series 3.
I'd work for a trading house first, to build my clientele.
MostReknown 4 months ago