Start Your Own Brokerage

Would you like to start your own brokerage?
As a financial company, you would like to start offering Forex?
Informational Packet (.pdf)
Detailed Business Plan Framework (.pdf)
Start Your Own Brokerage FAQ




BT Prime : our dedicated Prime Broker

NEW - We have found a NEW way to help our customers! For the longest time new brokerages have had problems with creating liquidity relationships. A new brokerage has no clients, no money, no history and no credit. However to allow our customers to have access to the same quality of liquidity as brokerages like Interbank FX , MIG FX or ACM , Boston Technologies has created a Primer Broker called BT Prime. Our Prime Brokerage, BT Prime, has built relationships and is now able to provide liquidity from more than 10 banks, ECNs and liquidity providers. It will soon also offer a Best Bid Best Offer platform that will consolidate the prices from all these providers in an unbeatable spread and commission!

Very much like a union or a federation of small brokerages, BT Prime is able to discuss with large liquidity providers advantageous spreads, commissions, leverages and conditions that a single small customer cannot obtain. In consequence BT Prime can offer all inclusive prices starting at 0.6 pips on the EURUSD on average for example (without any commission !).

We are of course ready to offer BT Prime services to anybody that needs it.

For more information please contact sales@bostontechnologies.com

Custom Back Office: backoffice.bttprime.com

NEW - It is clear that MetaTrader 4 has its own limitations. In order to complement the MT4 capabilities and to help our SYOB customers BT has developed a custom back office that is integrated with MetaTrader 4, our bridges and other sources of information.

In this new and custom-built back-office SYOB owners can see all the information they need: margin used, balance, equity, profit, loss, and many more information. All of this information is available per liquidity provider.

As you will see, more and more functions will be added to the back office.

We are of course ready to offer the usage of our custom back office to anybody that needs it.

For more information please contact sales@bostontechnologies.com

What is our Start Your Own Brokerage Package (SYOB)?

Boston Technologies is working with companies such as Citi, Deutsche, Gain Capital, ODL, Activtrades, MF Global, and ODL to create the most competitive Retail Forex business in the world. We couple the immensely popular MetaTrader4 Platform, our extensive partner network, and our own innovative technology to start organizations off with the right foundation needed to succeed in retail forex.

If your organization is looking to diversify company assets, there is no better time then now to begin looking at the forex market. By becoming your own brokerage house and starting relationships with liquidity providers, you will be able to lower the operational costs associated with such activities.

Here is a model to consider:

One of the largest brokers in United States, has over 200,000 clients. To run such a company you need about 1000 employees.

Smaller brokers on the other hand can manage up to 2000 customers with just 10 employees. One should expect to make at least 10$ per trade per customer every day. If each customer trades just 1 time daily, with 2000 customers, they are generating $20,000 a day for your business.

What can Boston Technologies offer you?

Boston technologies can offer any subset of the following services and products and much more. You are the owner of your own brokerage and as such you decide what you want to do and we are here to deliver it to you.

  • Together with our in-house lawyers and compliance department we can create your brokerage as an US entity, a UK FSA regulated entity, a European Union regulated entity or an Off-Shore Regulated entity
  • Together with our business banking relations we can provide you with an US or off-shore business banking solution in one of the top 10 banks in the world
  • We can provide you with a complete trading platform bearing your company logo and name
  • We can provide you with the hardware to run the platform.
  • We can provide you with price feeds, news feeds and other platform inputs.
  • We can install, configure, maintain and support your trading platform.
  • We can provide you with a complete website with research, charting, automatic account opening, price feed, market news and other features.
  • Together with our marketing partners we can provide you with customer leads
  • Together with our partners we can manage your dealing desk following your risk parameters.
  • We can provide you with a list of more than 25 banks and liquidity providers for FX Spot, FX Options, CFDs and Commodities
  • Provide you with the software connections to the liquidity provider
  • We can advise you and consult you on how to setup your business and why
What differentiates us from our competitors ?
  • Our experience : Boston Technologies has created more than 40 brokerages at this time.
  • Our size : In a typical month we handle about 60 billion USD in volume. We are about 40 employees and we have a yearly revenue of more than 5 million USD. As such we have a team of more then 15 people dedicated to support.
  • Our added values : please see on this page our added values.
  • Our prime broker : please see more information on this page
  • Our custom back-office : please see more information on this page.
  • Our CRMs : please see more information on this page.
  • Our risk management solution : we offer, together with our partners risk management solutions. Please email sales@bostontechnologies.com for more information.

For more information please contact sales@bostontechnologies.com

What would it take to setup a brokerage from an idea to a fully operational business?
  • Setup of a legal entity: You'll want to first talk to our compliance and legal specialist. We have experience with most popular FX jurisdictions in the world and we can advise you on what you can do and how much it would cost.
  • Liquidity partners and other such relationships need to be built as early as possible. Boston Technologies, together with BT Prime can offer such existing relationships already established.
  • Technology: In today's market you need an electronic trading platform Boston Technologies can also provide. Depending on the platform you chose you need a minimum of 1 server, but 3 is recommended. We are hosting them for you.
  • Installation of the software and configuration: We will install and configure for you trading platform, liquidity connections, the integration and the back office.
  • Our in-house web programmers can assist you to build you're your own website and online marketing solution. We will construct and host a website with automatic demo downloads, direct deposit, legal forms, live charts, quotes, news and everything your online forex brokerage needs.
  • We can help you design your trade process flow and then we can implement it for you:
    You need to be able to answer the following questions:
    • Will you do Straight Through Processing (STP)?
    • Where will you unload your risk?
    • What types of accounts will you create for your clients?
  • If you chose to be a dealing desk broker we can help you create your dealing desk, and acquire information sources. As described by our partner: "We steadily accelerated revenue improvement since beginning with [our customer] late last year, (calculated on a per lot basis) for April revenue increased by 62% above their performance before we started. The market risk we carry for this client is extremely conservative compared to their balance sheet and we will be able to further improve this number as we complete some studies of their client base and are given permission to increase VAR."
  • BT can provide training to:
    • Managers on how a brokerage makes money and how it can lose money
    • IT personnel to manage MetraTrader 4 and Forex systems.
    • Sales and Marketing departments.
    • To Managers about offering a managed accounts solution. We can help set up a program extension to manage multiple accounts at once.
    • Back office employee. You will need to determine who does what for trading, deposits, reports, account management, and dispute resolution.
    • AML and Know your Customer compliance employee.
  • Boston Technologies can also help you locally in your own town by helping you Setup your own office (trading and dealing desk office, phone system, internet, hiring assistance, and everything else you need)
How long will it take?

Total setup time from the first phone call to the first live trade is normally 1 month. Once the contract is signed and the first payment is received we typically deliver the basic brokerage services in about 1 week. This includes company establishment, operations setup, trading platform setup, and setup of process flow. Actual times may vary based on a number of factors.

Boston Technologies is able to deliver most of the brokerage in a record time. Here are the time-lines:

  • Trading flow setup (1 week)
  • Beta Testing and Training (1 week)
  • Establish FX Spot liquidity from our existing providers (2 days)
  • Platform delivery (1 week)
  • Construction of the company client forms and procedures (2 days)

We are offering a free 1 hour compliance consultation if you wish to know more.




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Risks and Contingencies

Type Description Mitigation/Contingency
Operational Latency Risk : Broker offers "no delay" price to customer before securing a price that offers guaranteed profit. We do not confirm trade in MT4 before broker confirms it. We only give a same or worse price in MT4 (depending on configuration)
Connectivity risk : Internet Connectivity to interbank network slows down or goes out altogether Redundancy of hardware , and network
Dealing Desk Portfolio Risk : Can't hedge order book positions fast enough, particularly during news trading Same as 1, if we can't hedge order won't open
Liquidity Risk : Liquidity provider goes bankrupt Use more then 1, insure funds, user segregated accounts
Prime Broker Risk : Prime broker goes bankrupt Use more then 1, insure funds, use segregated accounts
Market Regulation - Suppose Capital requirements change according to local laws. How easy or difficult is it to shift operations to a different jurisdiction? Incorporating away takes 2-3 weeks. Moving customer paper work and funds is harder. Best is to have a shell ready to go.
Large Lots risk - MT4 is not offering partial fills. What if some clients trade or use EAs requiring large lot sizes? How large is too large? What's the best thing to do once those limits are hit? This depends on your liquidity provider and his available volumes. Too large typically is 10 millions in 1 ticket for most of them except EBS (for EBS minimum ticket size is 1 million)
Business Burn rate Risk - If the business runs out of cash before breaking even - what's a decent exit strategy for broker and existing customers? Sell the business. Large brokers are ready to pay to buy small brokers a lot of money. Contact George for contact info for such brokers.



F.A.Q.