Derivatives Broker Guidelines

In order to be a licensed Derivatives Broker, below are the requirements to be fulfilled:

• Company registration issued by the Ministry of Commerce (MOC)
• Patent & VAT registration from the General Department of Taxation (GDT)
• Application for Derivative Broker License
• Appointment letter for DB from a licensed Central Counterparty (CCP)

Regulatory Capital Requirement

• Minimum capital requirement of USD 500,000
• Maintain net capital (10% of the capital)
• Security bond deposit (15% of the capital deposit to SERC bank account)

Operating Costs

• MT4 license & maintenance fees
• Training & examination fees for Director, CEO and Derivative Representatives
• Marketing Opportunities – seminars / events
• Privilege Client Service Center setup
• Special Sales Task Force setup

Human Resource Requirement