Do I need a license to trade forex for others using my software hosted outside Singapore? ?

forex
Infinitio asked:

I am planning to run an automated forex trading platform hosted on a server outside Singapore. Client’s trading platform will be hosted on the server and trades will be executed on their behalf. Do I need a license and how do I obtain the license?

Create a video blog
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Netvouz
  • MisterWong
  • De.lirio.us
  • Fark
  • Furl
  • Haohao
  • Hemidemi
  • IndianPad
  • LinkaGoGo
  • Netscape
  • NewsVine
  • Reddit
  • Slashdot
  • Spurl
  • StumbleUpon
  • Technorati
This entry was written by Sam Beatson and posted on November 16, 2008 at 8:47 am and filed under Small Business. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

2 Comments

  1. James K
    Posted November 18, 2008 at 10:37 am | Permalink

    Many of the so-called “Auto Robots” are simply dressed up scripts which alert you to indicators when they appear. They really are terribly oversold.

    If you still want one - there’s a full rundown of the best Forex Robots on this site:

    Hope this helps?

  2. Ritch
    Posted November 19, 2008 at 11:32 pm | Permalink

    If you are trading for others, you may need a license based on your countries rules about being an advisor sort of speak. You may want to contact some of your local officals You should be okay if the funds remain in your account.

Post a Comment

Your email is never published nor shared. Required fields are marked *
*
*