Do I need a license to trade forex for others using my software hosted outside Singapore? ?
Filed Under (Small Business) by kubalasek on 03-04-2005
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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?
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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?
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.