1. CHOOSE A REGULATED BROKER
When working with a currency broker you must make sure that they have the appropriate authorisations and regulations in place. This way you know that these companies are acting in accordance with the principles and framework set out by the regulating bodies.
2. OPEN AN ACCOUNT WITH A CURRENCY BROKER
You will need to register, usually on line and send in two forms of identification for compliance checks. In the normal course of business, new accounts are processed quickly and can often be opened on the same day as the registration.
3. HAVE A PERSONAL ACCOUNT MANAGER
With a currency broker you will have a relationship manager available on the telephone, whatsapp or email to answer every question. They will also discuss with you the most suitable strategy to match your requirements.
4. THE PROCESS
Once you are ready to buy or sell a currency, the following steps will take place:
E. Robert.Joseph@centralfx.co.uk
M. +44 (0) 7956 396 250