Forex license cost: official fees and capital by country.

It depends on the country and on how you execute trades. Application fees on this page run from nothing in Latvia and MUR 7,500 for a domestic dealer in Mauritius to €50,000 in Luxembourg, or up to €100,000 of hourly fees in the Netherlands. Capital is usually the larger number: US$100,000 in Seychelles, €75,000 to €750,000 in the EU, £750,000 for a UK principal dealer. Company set-up, staff and audit come on top, and so does our fee, which we fix in writing after a free assessment.

Latvia charges nothing to apply. Among the rest, a domestic dealer in Mauritius pays least (MUR 7,500), then Vanuatu (VT 50,000) and Labuan (US$500); a Mauritian global business company pays US$1,000. The application fee is a small part of the bill, though: Latvia takes at least €5,000 a year, a domestic Mauritian dealer pays MUR 75,000 a year and holds MUR 1,000,000 of capital, Vanuatu wants a VT 5,000,000 deposit and VT 500,000 a year, Labuan US$5,000 a year and RM1,000,000 of paid-up capital. The cheapest licence is the one that actually covers the clients you plan to serve.

US$3,000 to apply and a US$6,000 annual licence fee for a securities dealer, under S.I. 120 of 2024. Each representative adds US$500 to apply and US$750 a year. The company needs US$100,000 of paid-up capital, kept in a bank account at all times. The FSA aims to decide a complete file within 30 working days.

Under the Financial Dealers Licensing Act: VT 50,000 to apply, VT 100,000 before the licence is granted, then VT 500,000 every year by the anniversary of incorporation. The applicant deposits VT 5,000,000 with the Commissioner and keeps it there; the interest on the deposit belongs to the State. Insurance of at least VT 5,000,000 per claim is compulsory as well.

Nothing, because there is none to buy. The FSA of St Vincent and the Grenadines said in a warning notice of 2 February 2026 that it does not issue licences for forex trading or brokerage. A company formed there pays company fees only and still needs a licence where its clients are.

€7,000 to apply for a Cyprus Investment Firm licence, plus €500 per ancillary service. The yearly fee for a firm in the €750,000 capital tier is €10,000 fixed, plus €3,000 for CFD services and a part linked to turnover, capped at €150,000; in the first year it is charged pro rata. Capital is €75,000, €150,000 or €750,000 depending on the dealing model, and CySEC must decide within 6 months of a complete file.

£11,260 to apply if the firm deals as principal (pricing category 6); an arranger or agency broker pays £2,820 (category 4). The yearly part starts after authorisation. The periodic fee begins at £2,200, and a principal dealer adds £8,922.80 for each trader above the first in 2026/27. Capital under MIFIDPRU is £750,000 for dealing on own account and £150,000 or £75,000 for agency models, and the FCA must decide within 6 months of a complete application.

No. Capital is your company's own money and stays on its balance sheet, though it cannot drop below the minimum. A fee goes to the regulator for good. Vanuatu sits in between: the VT 5,000,000 is deposited with the Commissioner and must stay there, and the interest on it goes to the State.

US$6,000 in Seychelles, VT 500,000 in Vanuatu, US$3,400 in Mauritius plus US$2,600 for the Global Business Licence, US$5,000 in Labuan for a new money broker, CI$10,000 in the Cayman Islands, BZ$30,000 in Belize and US$3,300 per sub-category in the BVI. In the UK the FCA's periodic fee starts at £2,200; in Australia ASIC's levy on a retail OTC derivatives issuer was A$166,679 for the full 2024-25 year.

We fix our fee in writing after the free assessment, once the country, the dealing model and the client countries are settled. Official fees and capital are shown separately, so you can check them against the regulator's own schedule.