What license you need is determined by what kinds of products you want to sell, how you want to be compensated, and what kind of services you want to be able to provide.
How to Apply for a Financial License?
The application process for a Financial License can be different for each Financial Authority.
The Financial Authority will require a Financial Licensee to take certain classes, pass an exam or and meet the minimum requirements set forth by Financial Authority.
Main Types of Financial LICENSES
Brokerage license. Licenses for brokerage activities allow to bring ultimate clients to the stock markets of different countries for conducting transactions.
- Forex license. Forex licenses increase the level of loyalty and confidence of clients, which indicates integrity of funds and conscientious policy of the company.
- License for electronic money. Payment systems have high incomes from clients’ turnover of funds by providing services for handling transactions of the client. Such license will convince your clients of the reliability of your resource.
- Investment license. It is necessary for more efficient interaction with other companies, in which you are going to invest the client’s finance. The license for such financial services allows working with private and public funds, exchanges and organizations of any type.
- Banking license. Each microcredit company or large financial institution stand up for its clients. The license for providing such financial services not only enlarges the number of potential counterparties in the service sectors of accepting deposits and credit provision to clients, private banking aimed at serving VIP clients, but also increases the chances of advancement at the international level.
