How many forex & crypto brokers fail?

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A series of questions in Q&A format received from current and potential clients posed by the B2Broker team to CEO Arthur Azizov with expert advice from the top for those looking to start a brokerage business.

Steve Chow, Head of Business Development for Asian Region & Director of Hong Kong Office, asks Arthur a question he has been asked many times concerning start up brokerage businesses with little experience. What percentage of forex/crypto brokers and exchanges fail within their first year? Arthur gets straight to the point, revealing that around 50% starting their journey in the first year don’t make it. However, he stresses that there are clear reasons behind the lack of success such as lack of the right skills, insufficient budget and no clearly-defined sales plans. Arthur explains the importance of having the correct overall strategy with a clear vision, focusing on many factors such as 24/7 tech support and licencing. Watch this video for expert advice on how to ensure your brokerage succeeds!

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Crypto Trading
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