If you're looking to trade forex in the United Kingdom, there are a few things you need to know. First and foremost, you'll need to have a license from the Financial Conduct Authority (FCA).
Secondly, you'll need to be registered with a UK forex broker. Finally, make sure you understand the UK's technical standards for forex trading. In this article, we'll explain each of these points in more detail. For more information about Kenya forex trading, you can explore this link.
Image Source: Google
If you're registered with a UK forex broker, you'll need to provide them with your passport or driving license number as well as your account number. Once they have this information, your broker will be able to KYC (know your customer) you and ensure that you meet their trading requirements.
There are two types of license available to traders in the UK: a general forex license and a commodity trading license. To qualify for a general forex license, you must have at least three years' experience in financial markets, including two years of experience in forex trading.
To qualify for a commodity trading license, you must have at least five years' experience in financial markets and at least two years of experience in forex trading. How to open a forex account in the U.S.
In order to trade in the U.S., you will need to open a forex account with a broker operating there such as Charles Schwab, TD Ameritrade or E*TRADE, among others). State-by-state regulation is quite strict across the country and may differ from one state to another.