After obtaining an IFSC license, a company will be able to do the following:
- Money transmission services
- Payment processing services
- Trading in foreign exchange
- Trading in financial and commodity-based derivative instruments and
- Other securities (e.g., futures, options, interest rates, foreign exchange
- Instruments, shares, stock, contracts for differences etc.)
- Brokerage, consultancy or advisory services in any of the above services.
More details
- Incorporated and licensed in 2017
- Capital Requirement of USD 50,000
- Able to upgrade to full license with a capital requirement of only USD 500,000
- Without any additional costs
- Comes with an MT4 Mainlabel license
- In-house CRM and minimal corporate clients
- Singapore bank account
- Has 1 director and 1 shareholder
- No open or unresolved legal issues with IBFC. Clean record.
- Dormant firm. Non-operational as of now
- Estimated Monthly Maintenance – USD 16,000