Hi Liquid,
All correct again bar one point which is crucial to all of this.
For us to have true and full regulation from ASIC (Aussie version of FSA) or the FSA I can tell you even without the cost issue and time issue....There is another reason why it just couldnt happen.
If you operate once, as a non regulated broker and take clients in a non regulated enviornment, the cchances of you gaining or even being put on any kind of list for FSA/ASIC appoval is less than 0.001%
We had no choice starting out. Simply didnt have the operational ability or funds to do it right from day one. Hence the gaming license route making more sense.
If you can help me find a better way believe me I am all ears! Seriously, if you know more about it, I would really appreciate any sound advice on that -
[email protected]
Mr Stone