Setting up Physical Commodities Brokerage Firm - ADVICE NEEDED

If you have contacts, which are the gold dust of the industry, why not get a job in an established firm, contacts are going to assure at least one person will give you an opportunity to work a desk. You will get a reasonably decent base salary and potential to earn big commissions if you are good and learn the industry from within an established company you will be in a far better position to go it alone.

Also one of the biggest hurdles in the cash market is getting people to not only trust you but the clients you represent, the way around this is to become a member of the leading government body in whichever industry you are broking, i worked as a veg oils broker for a while and FOSFA was the agency you would need to be a member of to be eligible for any insurance deals against clients reneging on a deal.

As a third option there are "broker prop firms" setting up where you can rent a desk in a brokerage firm and have access to all technology etc as the other brokers and you keep most of your commission, the company earns the rent on the desk and a small cut of your revenue. I dont know any names though i am on the trading side of the industry now.