Brokers Licence

Discussion in 'Forex Brokers' started by cloned777777, Aug 18, 2005.

  1. Do i need forex brokers licence to be able manage my friends funds.

    I have 10 of them or so , and they will all pay 10k each.
    i will invest that into currency market and if we make it, then i give them percentage of the profit...

    i am not shure if i need to be licenced and insured.

    the folks i am talking about are friends.
    but i will have them sign a risk statement etc..

    is there a forex brokers license ?

    if so , url plz. I googled it to no luck
  2. Truff


    No license is required to mange Forex accounts. You don't even need one for futures if you are managing friends.
  3. KevinK

    KevinK Guest

    Does anyone know...what about stocks, less than 10 people, all friends?
  4. ..and thank you Truff for the answeres