Belarus: The Fastest Way to Start a Regulated Forex Brokerage

Due to favorable tax conditions, more and more Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers have been applying for a Belarus license.

Since 2016, Belarus has been under regulation, having since seen 17 companies and 2 national banks added to the register of forex companies by the National Bank of the Republic of Belarus (NBRB).

In order to provide services in the retail forex market in Belarus, it is necessary to obtain a license issued by the NBRB to be included in the official register.

Brokers must also undergo an assessment of their trading software, deposit a guarantee payment to the compensation fund and become a member of the local Association of Financial Market Development (ARFIN).

Your Gateway into the Markets that Matter

Obtaining a license also requires the incorporation of a local legal entity together with the preparation of necessary documentation and other legal procedures.

While a Belarus license is relatively easy and a cheap option, obtaining any license is a specialist area that requires a certain level of know-how.

The live webinar will be held on April 29^th at 12:30 Moscow time (GMT +3), hosted by Dmitry Kazak, Head of Compliance and Business Development at B2Broker and special guest Alexey Sidorov, Chairman of the Board, ARFIN.

Join Mr. Kazak and Mr. Sidorov as they help equip you with the knowledge to start your brokerage cost-effectively in a safe and secure environment.

Special emphasis will be paid to enabling you to approach your clients almost anywhere in the world with complete regulatory coverage.

The webinar will clarify the process in a few easy steps and cover the following aspects:

• Registration of a legal entity in the Republic of Belarus
• Opening a bank account/document requirements
• Application procedure
• Reporting and accounting
• Trading software verification
• Client onboarding
• Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term
• Comparisons vs other jurisdictions
• The future of Forex in Belarus and what lies ahead
• Q&As: Alexey Sidorov (ARFIN)

Learn more about B2Broker’s presentation and join the conversation by accessing the following webinar link.