Hi Guys,

Need your suggestion and input on the following situation.

I'm actually planning to setup a registered company which offers internet user the following:

1) Live trading account, we are the broker with direct link to either forex or stock market hub. in order to get more members, we will be launching some offer that you never seen in market.

2) Managed trading account which will be controled by some client software (required installation) in this account, all investor are able to view their money growth, BUT the fund will be in our main trading account. profit / loss are visible in the client's page virtually. meaning to say in Managed account, you do not have permission to trade, the program will automatically trigger the buy/sell from our main trading account and show you based on your $ percentage. when the client make withdrawal, next % will be less for him thus he will be earning less. (this p/l is not only in forex but overall trades as we trade CPO, commodities, stock, futures etc)

3) Signal forecast site. it will be a few types of signal,
a. Long Term market overview,
b. Daily market overview,
c. Daily trading strategy, and
d. Immediate respond trading strategy (this only applicable if there's any breaking news)

for the signal site, I'm attaching a few professor to do analysis, review and market daily overview, these people are mainly from Golden Gate University, San Francisco and i only work with people i know in real life. they have been with me for years as share partner in other company.

things i'd like to know is:

1) Which country legally allow us to register the business? (must qualify all our current plan)
2) Detail info required for registration e.g. deposit with local reliable security firm, government, etc. we need to calculate the amount required in order to plan for our future.
3) if i were to offer good return to attach internet marketer, would it pull your attention and work for us?
4) what's the best name in your mind for the company?
5) to be determine later

Lots of goodies pack to choose from for our investor based on the invested amount as we already have many resources ready (in-house application, newsletter, books etc and this goodies has been in international market since 1990s. not mentioning any of the product name now in order to protect our interest but it will be review in the new site.

since many of you love autosurf and hyip, we will be offering these as well. no lifespan, it grows together with the company growth.

for technical side, we have an office and we will be on dedicated lease line with extremely high monthly charge from telco, unlimited bandwidth etc, and several server in the server room. not to worry about the cost as we have enough to spend for business, all we need to know is... put you in the management view, what's your point of view for this business and how long is your prediction until the day you will say "we are in profit"

at the moment i have company selling stock market software, trading books, newsletter, data service, consulting, and hosting. if i were to venture into this new business, i'll be putting a lot of effort and pulling staff from all my other company to concentrate on this one.

let the debate start...

no voice? sounds like not much businessman here hmm...

To be honest, it doesnt sound enticing (bad spelling i think).

First of all, to start such a business you need ALOT of revenue.
The start up will cost alot. Also you have to find a bank with a low commission. The commission rates can vary, but its really hard to find anything that allows you the 2-3 pip spread on e/u.

If you do have that, then you have to find a user base to pay your commissions. This right now is unbelieveably difficult. Especially with the number of newbies and brokers catering for such people about.

You will need a minimum deopsit of course and a nice leverage. The minimum deposit is for loss coverage. As you will be executing orders, you must be able to get a decent price on your price per pip for spread.

I would recommend 1000 usd as minimum deposit, and 800 euro. If you decide to provide both accounts.

Also the only place where registering as a business actually counts right now, its USA. You can register these types of businesses anywhere. But its never recognised unless its in USA to USA regulations.
Registering in the British Virgin Islands, is pointless and stupid. You can register businesses these days by post, so unless you are verified by some US regulators, then basically registering means nothing.

I hope I have been soem help to you.

well fxinvestmentpool admin, to be honest with you, i'm actually waiting for your comment, and a few more senior people which i find always post valuable resources. their name is in my mind.

thanks for all the recomendation and comments you gave, yes it is very useful to.

this business won't be up until end of this year, i have about 6 months to do the preparation and setup.

I thought of registering the company in US, personally fly in with another share holder and meet the 3rd share holder in the states to have all the agreement and procedure done. but i have 1 concern; if i were to register it in US, obviously the company will be located there, i need to find out more on staffing, price for an office unit, computer parts and telecomunication charges etc for comparison.

as for the money, we have more than enough to fund and to launch the company as paid up capital. all i have to know more is the monthly revenue and with say 1 million usd, how long we can sustain, if it's not sufficient then how much we actually need. etc etc ...

If you can get a 2 pip spread, and use metatrader, I will surely sign up .

The fact of the matter is, the userbase. You need to give something that shines. And a free 5$ account like marketiva is that thing that works. But the fact of the matter is, if you are offering that, you will turn into a bucketshop. Too expensive.

I suggest trying to seal some big investors, run it as a retail broker to start, then move to direct feed. Once you are direct feed you will get a few big cilent with a few million and be set for life.

But start small of course

Oh and for staffing, if you need any help, just buzz me, I'll work cheap too coz i really dont need the money, but I dont do things for free ... I guess i am a businessman at heart.

I think u will get more useful opinions by posting your idea in this trading forum.

http://www.elitetrader.com/

There are a lot of businessman there. Good luck with your new business.

Ouch phildunn, thats the first time you ahve actually hurt me.

No really.. Ouch.

There is also a lot of regulation to jump through trading in the US.

SEC for a start and the NFA
http://www.nfa.futures.org/registration/cpo.asp

I would also think that you would need to be heavily capitalised to achieve fully licensed status in America.

Big Brother is very much alive and well in the land of the (not so) free

I'm doin business studies, altough this my first semster on it, so I can't tell u much Globally but in oz i cud..

a name cud b NSI (National Secured Investments) hahaha

good luck on ur venture

sounds powderful hehe

i'm browsing through the NFA website, hoping to see more comments soon.