How to Become a Bitcoin Forex Broker?
Becoming a Bitcoin forex broker can be very lucrative business since Bitcoin is the world’s first digital currency and has an expanding popularity worldwide. Forex with Bitcoin may overwhelm strict monetary policies and compliance issues. You will need a forex platform, forex CRM and forex merchant account to start forex Bitcoin business.
1.Forex Platform with Bitcoin Forex Symbols
Our forex technology enables aggregated feed from Bitcoin exchanges which are adjusted to FX brokers conditions. The liquidity for crypto currencies is based on real volumes from selected and trusted crypto exchanges such as BTC-e, Bitfinex, Bitstamp, Gdax, and Poloniex. You can provide low latency data feeds and trading for FX, CFD, BTC, ETH, LTC, DASH, and other cryptocurrencies. You can create cryptocurrency based accounts in your forex platform and your client can fund their accounts with crypto currencies and withdraw their profits in many cryptocurrencies. Your clients can use their forex robot and forex EA strategies on your forex platform for forex Bitcoin trading
2.Dynamic Cryptocurrency Wallets with Advanced Forex CRM
Bitcoin forex brokers need a complete, extensively configurable and expandable advanced Forex CRM system equipped with a modern traders room and catered specifically for forex Bitcoin brokerages. Traders room enable crypto wallets to deposit, withdraw and transfer funds to their forex platform. IB Area allows Introducing Brokers to efficiently manage their clients and get their rebates instantly with cryptocurrencies. Through the last few years, the product has evolved from an advanced forex CRM platform over time to a comprehensive application for brokerage firms, including solutions required for the most common needs seen within the forex industry and Bitcoin forex market.
3.Forex Merchant Account for Fiat Money Transactions
Each Bitcoin forex broker need a forex merchant account to make fiat money transactions to dilute your political risk and asset protection. You have to maintain your wealth privacy by putting your liquid savings in sound, well-capitalized institutions where they are treated best. Meta FX Solutions recommend offshore banking for fiat Money transactions. It’s not about tax evasion or other illegal activities. It’s simply about legally diversifying your business risk. An offshore bank account also protects you from overzealous government agencies armed with the summary power to freeze your assets. If you ever find yourself in a wrestling match with a government agency or a frivolous lawsuit, a foreign bank account gives you resources you can count on.