Licence Holders authorised to provide any investment service and to hold and control Clients Funds or Customers Assets;
Category 4:
Licence Holders authorised to do something as trustees or custodians of collective investment schemes.
Licence requirements for a FOREX Company in The island of malta
Online FOREX trading is usually provided in one of two forms:
Acting as a riskless principal Category 2 Licence required.
This is also known as a white label partner and means an entity that is linked to executing two matching deals, one with the client then one offsetting trade with an additional principal, entered into at the identical price and as well. Therefore the entity is acting as counterparty to help both transactions i. i. an execution of orders with respect to its clients. In order for a great entity to execute orders with respect to clients, a category 2 investment services licence is called for.
Dealing on own account or operate an MTF Category 3 Licence required.
An entity which would love to deal on its own account or operate an MTFD is required to have a Category 3 expense services licence.
Application Process to get a FOREX Licence in Malta
The application process both to get a FOREX Licence is broken down into three (3) distinctive phases, as follows:
Stage One Preparatory
Prior to submitting an application, the MFSA recommends that this promoters arrange to meet considered one of their representatives to description their proposal. The applicant must submit a comprehensive written description of the proposed activity before that meeting. Following this assembly, the promoter is required to submit a draft (rather than a Final) Application Form, for review together with supporting documents as specified inside Application Form. The MFSA will determine whether a licence ought to be granted and what Group licence applies.
Phase A couple Pre-Licensing
Once the review process is comprehensive, the Authority will trouble it’s in principle approval for the issue of a licence. The Applicant will be required to finalise any outstanding matters, such as incorporation in the company (or registration with the partnership), submission of signed copies with the revised Application Form with supporting documents in their final format, and some other issues raised during the applying process. An Investment Services License will be issued as soon as all pre-licensing issues are resolved.
Phase Three â Post-Licensing / Pre-Commencement of Business
The Applicant may also be required to satisfy several post-licensing matters prior to help formal commencement of business and comply with the terms of the Licence going forward.
Licensing Fees for a FOREX Licence in Malta
Category 2 Licence:
Establishment Fees:
EUR¬ 1, 500 application fee upon submission of the draft application.
EUR¬ 3, 000 licence fee upon the issuance with the licence.
Annual Fees: Supervisory Paid upon companyâs revenue
EUR¬ 3, 000 for revenue around EUR¬ 250, 000
EUR ¬ 350 per tranche or part thereof for each additional EUR¬ 250, 000 in revenue up to maximum of EUR¬ 5, 000, 000.
Category 3 Licence:
Establishment Charges:
EUR¬ 2, 000 application fee upon submission with the draft application.
EUR¬ 4, 000 licence fee upon the issuance of the licence.
Annual Fees: Supervisory Fee based upon companyâs revenue
EUR¬ 4, 000 for revenue around EUR¬ 250, 000.
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A FOREX license in Malta! 