how to start my own currency exchange business?
max asked:
hello i was wondering if any one knows how to start a currency exchange business?
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hello i was wondering if any one knows how to start a currency exchange business?
June 26th, 2009 at 4:16 pm
You would need a very large amount of capital and a legal means of obtaining cash in a wide variety of currencies. It’s not a feasible business idea for a private owner to establish.
June 29th, 2009 at 10:51 am
max, I found a list of US currency exchanges. Try visiting one of them to see if they have a service representative that can assist you.
June 30th, 2009 at 9:36 am
1 - register a company name
2 - rent an office
3 - set up a credit line (deposit of about £50k required)
4 - buy a phone and a computer
5 - find some client!! (thats the hard part)
5 years ago you would have been onto a winner, but the market is saturated with providers now, and competition is fierce.