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Start a FX/CFD broker in the Marshall Islands

It is easy to start a FX/CFD broker in the Marshall Islands. We outline here how to do it. The question is whether you really want to.

ESMA is mad about gamification

And is probably going to ban payment for order flow
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Offshore broker, onshore prop

If you were to start a broker today, it seems like it would be best to start an offshore broker for EMs and then do prop for Europe and the UK.