$2 million is probably not enough, more like $10-$12 million to really be a substantial bank.
PERSONALLY If I had that kind of money, I would much rather build a casino. Costs will be less and the payout will be much greater.
To set up a forex brokerage/bank, in addition to large amounts of starting capital, you will need:
- a provider of realtime streaming data
- a programmer to create a customized trading platform for you (probably at least $20,000.)
- access to a large liquid market that you can trade your own money to hedge against the trades of your customers, and an automatic program (more programming fees) to impliment it.
|