Operating within a legal framework as a forex licensee ensures that your business is conducting operations transparently and ethically, and reduces the risk of legal issues or regulatory penalties. Having a forex license also enhances the credibility and legitimacy of the business in the eyes of key stakeholders. This, in turn, helps build trust among clients and partners which is a key component of a sustainable forex business, signaling that a licensed forex company operates transparently, protecting clients and partners from fraudulent activities and unethical practices. Needless to say, traders and investors are more likely to choose a licensed forex broker or platform over unregulated alternatives. A forex license can ensure access to payment processing services as many payment processors, including banks, electronic payment systems, and other financial institutions prefer to work with licensed forex businesses due to the increased level of trust and regulatory supervision. This can lead to smoother transactions and access to a wider range of payment methods. It also means that holding a forex license can significantly ease the process of opening a corporate bank account for a forex business as many reputable banks require a valid license from businesses operating within regulated industries. The industry...