For individuals and businesses seeking to obtain a Gibraltar broker license, the procedure can be relatively complicated and timely. Therefore obtaining advice and guidance from a professional consultancy firm is a highly advisable step, as it will help you to avoid any legal or administrative complications.
Gibraltar Forex Broker Firms
As Gibraltar is part of the EU, there are a number of advantages to having a Gibraltar forex license. Through EU membership, applying with the Gibraltar FSC (Gibraltar Financial Services Commission) for a forex license means you are applying for a forex license that is in accordance with European Union standards. Gibraltar is an affluent and well established offshore jurisdiction when it comes to issuing a forex broker licenses. When investors apply for a Gibraltar forex license, they are required to comply with EU directives and European standards when issuing a forex license.
The Gibraltar FSC is responsible for issuing all financial licenses. It is the main financial regulatory body in Gibraltar, and licenses both forex and banking licenses. When apploying for a Gibraltar offshore forex license, you are applying for a recognized and well regulated forex license, as Gibraltar is a member of the Gibraltar Financial Service Commission in compliance with all European standards.
Established in January 1991 through the Financial Services Commission Act of 1989, the Gibraltar Financial Services Commission (Gibraltar FSC) is now the main regulator for all financial activity in Gibraltar. The Gibraltar FSC is now responsible for the licensing and regulation of auditors, banks, forex brokers, insurance brokers, investment firms, professional trustees and occupational pension schemes in Gibraltar.
Obtaining a Gibraltar Broker License
To obtain a Gibraltar Forex License you must have a company that is formed in Gibraltar with the specific intention of providing forex services. Your company is required to have a special Memorandum and Articles of Association, along with a full range of documentation relating to the internal and external operations of your company. Furthermore, a full document that includes your compliance procedures must be included, along with your fit and proper test details and your company business plan.
The procedure for applying for and obtaining a Gibraltar FSC Forex License is a fairly complicated procedure. Using a professional consultancy firm to guide you through the entire application procedure can ensure that you follow all the correct procedures and supply the correct documents to the Gibraltar FSC.