Forex Brokerage Firm Business Plan – Executive Summary

Freeman Jones Forex Brokerage Firm, LLC is a registered and licensed Forex brokerage company
that will be located in the heart of Las Vegas – Nevada. The company will be involved in dealing
in currencies from leading countries of the world whose currencies are traded in the United
States of America.

Aside from the fact that we will serve as a bureau de change for business and individuals who
want to buy or sell foreign currencies, we will also engage in Forex trading on the internet. We
are aware that to run an all – round and standard Forex brokerage firm can be demanding
which is why we are well trained, certified and equipped to perform excellently well.

Freeman Jones Forex Brokerage Firm, LLC is a client – focused and result driven Forex
brokerage firm that will buy and sale Forex from leading nations, trade Forex online for clients
and also provide broad- based Forex services at an affordable fee that won’t in any way put a
hole in the pocket of our clients.

We will offer a standard and professional Forex services to all to our individual clients, and
corporate clients. We will ensure that we work hard to meet and surpass our clients’
expectations whenever they patronize our services.

At Freeman Jones Forex Brokerage Firm, LLC, our client’s best interest would always come first,
and everything we do is guided by our values and professional ethics. We will ensure that we
hire professionals who are well experienced in the Forex bureau firms industry with strong bias
in online Forex trading.

Freeman Jones Forex Brokerage Firm, LLC will at all times demonstrate her commitment to
sustainability, both individually and as a firm, by actively participating in our communities and
integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our
client’s needs precisely and completely. We will cultivate a working environment that provides
a human, sustainable approach to earning a living, and living in our world, for our partners,
employees and for our clients.

Our plan is to position the business to become the leading brand in the Forex brokerage
services line of business in the whole of Nevada, and also to be amongst the top 20 Forex
brokerage firms in the United States of America within the first 10 years of fully launching the
business.

This might look too tall a dream but we are optimistic that this will surely be realized because
we have done our research and feasibility studies and we are enthusiastic and confident that
Las Vegas is the right place to launch our Forex brokerage cum Forex trading company before
sourcing for clients from other cities in The United States of America.
Freeman Jones Forex Brokerage Firm, LLC is founded by, Mr. Freeman Jones and his family.
Freeman Jones is Forex trader per excellence with adequate results to show for it. He has well
over 15 years of experience working at various capacity within the financial consulting industry
with strong bias for Forex in the United States of America. Mr. Freeman Jones graduated from
both University of California – Berkley with a Degree in Accounting, and University of Harvard
(MSc. Finance) and he is a chartered account.

Our Product and Services

Freeman Jones Forex Brokerage Firm, LLC is going to offer varieties of services within the scope
of the Forex brokerage services industry in the United States of America and of course on the
global stage. Our intention of starting our Forex brokerage firm in Las Vegas – Nevada is to
leverage on the opportunities available in the city.

We are well prepared to make profits from the industry and we will do all that is permitted by
the law in the United States to achieve our business goals, aim and ambition. Our business
offering are listed below;

Trade Forex on behalf of our clients (both corporate clients and individual clients)
Buy and sell Forex from leading countries of the world
Provide other related Forex and financial consulting and advisory services
Our Vision Statement

Our vision is to build a Forex brokerage services brand that will become the number one choice
for individuals, smaller businesses and corporate clients in the whole of Las Vegas – Nevada.
Our vision reflects our values: integrity, security, service, excellence and teamwork.

Our Mission Statement

Our mission is to provide professional, reliable and trusted Forex trading and Forex brokerage
services that assist start – ups, corporate organization, manufacturing companies and non-
profit organizations in sorting out their foreign exchange and financial related concerns.

We will position the business to become the leading brand in the bookkeeping and payroll
services line of business in the whole of Nevada, and also to be amongst the top 20
bookkeeping and payroll services firms in the United States of America within the first 10 years
of operations.

Our Business Structure

Freeman Jones Forex Brokerage Firm, LLC, is a Forex brokerage cum Forex trading firm that
intend starting small in Las Vegas – Nevada, but hope to grow big in order to compete favorably
with leading Forex brokerage cum Forex trading firms in the industry both in the United States
and on a global stage.

We are aware of the importance of building a solid business structure that can support the
picture of the kind of world class business we want to own. This is why we are committed to
only hire the best hands within our area of operations.

Ordinarily we would have settled for two or three staff members and settle for just online Forex
trading services, but as part of our plan to build a standard Forex brokerage services firm in Las
Vegas – Nevada that will also be involved in buying and selling of Forex, hence we have
perfected plans to get it right from the beginning.

The picture of the kind of Forex brokerage services business we intend building and the
business goals we want to achieve is what informed the amount we are ready to pay for the
best hands available in and around Las Vegas – Nevada as long as they are willing and ready to
work with us to achieve our business goals and objectives.

At Freeman Jones Forex Brokerage Firm, LLC, we will ensure that we hire people that are
qualified, hardworking, and creative, result driven, customer centric and are ready to work to
help us build a prosperous business that will benefit all the stake holders (the owners,
workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior
management staff and it will be based on their performance for a period of five years or more
as agreed by the board of trustees of the company. In view of the above, we have decided to
hire qualified and competent hands to occupy the following positions;

Chief Executive Officer

Forex Traders / Consultants
Admin and HR Manager
Marketing and Sales Executive
Accountant
Customer Care Executive / Front Desk Officer
Roles and Responsibilities

Chief Executive Office:

Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching,

counseling, and disciplining managers; communicating values, strategies, and objectives;
assigning accountabilities; planning, monitoring, and appraising job results; developing
incentives; developing a climate for offering information and opinions; providing educational
opportunities.
Creates, communicates, and implements the organization’s vision, mission, and overall
direction – i.e. leading the development and implementation of the overall organization’s
strategy.
Responsible for fixing prices and signing business deals
Responsible for providing direction for the business
Creates, communicates, and implements the organization’s vision, mission, and overall
direction – i.e. leading the development and implementation of the overall organization’s
strategy.
Responsible for signing checks and documents on behalf of the company
Evaluates the success of the organization
Forex Traders / Forex Consultants

Responsible for trading Forex for the organization and for our clients under the firm’s platform
Handle business activities such as buying and selling Forex from leading countries of the world
in a highly professional manner
Responsible for ensuring that all Forex transactions whether it is cash transaction or online
credit transaction are recorded in the correct daybook, supplier’s ledger, customer ledger, and
general ledger
Provides other related Forex and financial consulting and advisory services
Admin and HR Manager

Responsible for overseeing the smooth running of HR and administrative tasks for the
organization
Designs job descriptions with KPI to drive performance management for clients
Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies,
Procedures and Processes
Maintains office supplies by checking stocks; placing and expediting orders; evaluating new
products.
Ensures operation of equipment by completing preventive maintenance requirements; calling
for repairs.
Defines job positions for recruitment and managing interviewing process
Carries out staff induction for new team members
Responsible for training, evaluation and assessment of employees
Responsible for arranging travel, meetings and appointments
Updates job knowledge by participating in educational opportunities; reading professional
publications; maintaining personal networks; participating in professional organizations.
Oversee the smooth running of the daily office activities.
Marketing and Sales Executive

Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
Identifies development opportunities; follows up on development leads and contacts;
participates in the structuring and financing of projects; assures the completion of relevant
projects.
Writes winning proposal documents, negotiate fees and rates in line with company policy
Responsible for handling business research, marker surveys and feasibility studies for clients
Responsible for supervising implementation, advocate for the customer’s needs, and
communicate with clients
Develops, executes and evaluates new plans for expanding increase sales
Documents all customer contact and information
Represents the company in strategic meetings
Helps increase sales and growth for the company
Accountant

Responsible for preparing financial reports, budgets, and financial statements for the
organization
creates reports from the information concerning the financial transactions recorded by the
bookkeeper
Prepares the income statement and balance sheet using the trial balance and ledgers prepared
by the bookkeeper.
Provides managements with financial analyses, development budgets, and accounting reports;
analyzes financial feasibility for the most complex proposed projects; conducts market research
to forecast trends and business conditions.
Responsible for financial forecasting and risks analysis.
Performs cash management, general ledger accounting, and financial reporting for one or more
properties.
Responsible for developing and managing financial systems and policies
Responsible for administering payrolls
Ensures compliance with taxation legislation
Handles all financial transactions for the company
Serves as internal auditor for the company
Client Service Executive / Front Desk Officer

Welcomes guests and clients by greeting them in person or on the telephone; answering or
directing inquiries.
Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client
with a personalized customer service experience of the highest level
Through interaction with clients on the phone, uses every opportunity to build client’s interest
in the company’s products and services
Manages administrative duties assigned by the manager in an effective and timely manner
Consistently stays abreast of any new information on the company’s products, promotional
campaigns etc. to ensure accurate and helpful information is supplied to clients
Receives parcels / documents for the company
Distribute mails in the organization
Handles any other duties as assigned my the line manager
Forex Brokerage Firm Business Plan – SWOT Analysis
Freeman Jones Forex Brokerage Firm, LLC engaged the services of a core professional in the
area of business consulting and structuring to assist our organization in building a well –
structured Forex brokerage cum Forex trading firm that can favorably compete in the highly
competitive Forex market in the United States and the world at large.

Part of what the team of business consultant did was to work with the management of our
organization in conducting a SWOT analysis for Freeman Jones Forex Brokerage Firm, LLC. Here
is a summary from the result of the SWOT analysis that was conducted on behalf of Freeman
Jones Forex Brokerage Firm, LLC;
Strength:
Our core strength lies in the power of our team; our workforce. We have a team that can go all
the way to give our clients value for their money; a team that are trained and equipped to pay
attention to details and to deliver excellent returns whenever our clients engage our services to
trade Forex for them. We are well positioned and we know we will attract loads of clients from
the first day we open our doors for business.

Weakness:
As a new Forex brokerage cum Forex trading firm in Las Vegas – Nevada, it might take some
time for our organization to break into the market and gain acceptance especially from
corporate clients in the already saturated Forex brokerage services industry; that is perhaps our
major weakness.

So also, we may not have the required cash to leverage on the opportunities of buying huge
Forex as permitted by the law of the United States when such opportunity present itself to us.
So also, we may not have enough budget to give our business the kind of publicity we would
have loved to.

Opportunities:
The opportunities in the Forex brokerage services industry is massive considering the number
of individuals especially students, players in the manufacturing sector, importers and exporters,
start – ups and of course corporate organizations who can’t afford to do without the services of
Forex brokerage cum Forex trading companies.

As a standard and well – positioned Forex brokerage cum Forex trading firm, we are well –
equipped and ready to take advantage of any opportunity that comes our way.

Threat:
Some of the threats that we are likely going to face as a Forex brokerage cum Forex trading firm
operating in the United States are unfavorable government policies, the arrival of a competitor
within our location of operations and global economic downturn which usually affects
purchasing / spending power. There is hardly anything we can do as regards these threats other
than to be optimistic that things will continue to work for our good.

Forex Brokerage Firm Business Plan – MARKET ANALYSIS

Market Trends
The Forex brokerage cum Forex trading services industry is indeed a very large industry and of
course it is one industry that works for businesses across different industries. If you are
conversant with the trend in the Forex brokerage cum Forex trading industry, you will agree
that loads of businesses but in the United States and in other part of the world are becoming
active in international trades hence the increase demand for Forex.

The truth is that, a company in the manufacturing sector that depend on raw materials from
the international market, or a company actively involved in importing and exporting and of
course international tourist and international students et al cannot effectively operate their
business or fit into a new country without having the currency of the host nation.

Another notable trend in the Forex brokerage services industry is that in the last five years, the
industry has performed impressively as a large reduction in unemployment boosted the
revenue generated in the industry.

So also, the Forex brokerage services cum Forex trading industry has benefited from the
advancement of online Forex trading software and platforms, with new cloud-based offerings
providing a new revenue stream for operators, and attracting new customers. Going forward,
increasing product penetration and of course an expanding customer base is expected to drive
growth in the industry.

Our Target Market

The demographic and psychographics composition of those who need the services of Forex
brokerage cum Forex trading firms cuts across individuals, small businesses and large
corporations.

Freeman Jones Forex Brokerage Firm, LLC will initially serve small to medium sized business,
from new ventures to well established businesses and individual clients, but that does not in
any way stop us from growing to be able to compete with the leading Forex brokerage service
firms in the United States.

As a standard and licensed Forex brokerage cum Forex trading service firm, Freeman Jones
Forex Brokerage Firm, LLC offers a wide range of Forex related services hence we are well
trained and equipped to services a wide range of clientele base.

Our target market cuts across businesses of different sizes and industries. We are coming into
the industry with a business concept that will enable us work with individuals, small businesses
and bigger corporations in and around Las Vegas – Nevada and other cities in the United States
of America.

Below is a list of the businesses and organizations that we have specifically design our products
and services for;

Manufacturing Companies
NGOs
Blue Chips Companies
Corporate Organizations
International businessmen and businesswomen
International Students
Importers and exporters
International Tourists and visitors
Individuals
Entrepreneurs and Start – Ups
Our Competitive Advantage

The level of competitions in the Forex brokerage services industry does not in any way depend
on the location of the business since most people on that trade Forex can operate from any
part of the world and still effectively compete in the Forex trading platforms.

We are quite aware that to be highly competitive in the Forex brokerage services industry
means that we should be able to make available Forex from leading countries of the world and
also to produce results and give good returns on investments when our clients, both individual
clients and corporate clients give us Forex to trade on their behalf.

Freeman Jones Forex Brokerage Firm, LLC might be a new entrant into the Forex brokerage
services industry in the United States of America, but the management staffs and owners of the
business are considered gurus. They are people who are core professionals and licensed and
highly qualified Forex traders in the United States. These are part of what will count as a
competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be among the
best within our category (start – ups Forex brokerage cum Forex trading firms) in the industry
meaning that they will be more than willing to build the business with us and help deliver our
set goals and achieve all our aims and objectives.

Forex Brokerage Firm Business Plan – SALES AND MARKETING STRATEGY

We are mindful of the fact that there is stiffer competition amongst Forex brokerage firms cum
Forex trading firms in the United States of America; hence we have been able to hire some of
the best business developer to handle our sales and marketing.

Our sales and marketing team will be recruited base on their vast experience in the industry
and they will be trained on a regular basis so as to be well equipped to meet their targets and
the overall goal of the organization. We will also ensure that our excellent service deliveries
speaks for us in the market place; we want to build a standard bookkeeping and payroll service
business that will leverage on word of mouth advertisement from satisfied clients (both
individuals and corporate organizations).

Our goal is to grow our Forex brokerage services firm to become one of the top 20 Forex
brokerage firms in the United States of America which is why we have mapped out strategy
that will help us take advantage of the available market and grow to become a major force to
reckon with not only in the Las Vegas but also in other cities in the United States of America.

Freeman Jones Forex Brokerage Firm, LLC is set to make use of the following marketing and
sales strategies to attract clients;
Introduce our business by sending introductory letters alongside our brochure to corporate
organizations, schools with international students, players in the manufacturing sector,
importers and exporters, international tourists and other key stake holders in Las Vegas and
other cities in Nevada.
Advertise our business in relevant financial and business related magazines, newspapers, TV
stations, and radio station.
List our business on yellow pages ads (local directories)
Attend relevant international and local Forex, finance and business expos, seminars, and
business fairs et al
Create different packages for different category of clients (start – ups and established corporate
organizations) in order to work with their budgets and still deliver profits to them they hire our
services to trade Forex on their behalf
Leverage on the internet to promote our business
Engage direct marketing approach
Encourage word of mouth marketing from loyal and satisfied clients
Forex Brokerage Firm Business Plan – Publicity and Advertising Strategy
We have been able to work with our brand and publicity consultants to help us map out
publicity and advertising strategies that will help us walk our way into the heart of our target
market. We are set to take the financial consulting services industry by storm which is why we
have made provisions for effective publicity and advertisement of our Forex brokerage cum
Forex trading firm.

Below are the platforms we intend to leverage on to promote and advertise Freeman Jones
Forex Brokerage Firm, LLC;

Place adverts on both print (community based newspapers and magazines) and electronic
media platforms; we will also advertise our Forex brokerage company on financial magazines
and other relevant financial programs on radio and TV
Sponsor relevant community based events / programs
We will leverage various online platforms to promote the business. It makes it easier for people
to enter our website (Forex trading platform) with just a click of the mouse. We will take
advantage of the internet and social media platforms such as; Instagram, Facebook , twitter,
YouTube, Google + et al to promote our brand
Install our Bill Boards on strategic locations all around Las Vegas – Nevada.
Engage in road show from time to time all around Las Vegas – Nevada to promote our brand
Distribute our fliers and handbills in target areas all around Las Vegas – Nevada
Ensure that all our workers wear our branded shirts and all our vehicles are well branded with
our company’s logo et al.
Sources of Income

Freeman Jones Forex Brokerage Firm, LLC is established with the aim of maximizing profits in
the Forex brokerage services industry and we are going to go all the way to ensure that we do
all it takes to attract both corporate and individual clients on a regular basis.
Freeman Jones Forex Brokerage Firm, LLC will generate income by offering the following Forex
trading cum Forex brokerage services for individuals, manufacturing companies, NGOs and for
corporate organizations;

Trade Forex on behalf of our clients (both corporate clients and individual clients)
Buy and sell Forex from leading countries of the world
Provide other related Forex and financial consulting and advisory services
Sales Forecast

The truth is that, a company in the manufacturing sector that depend on raw materials from
the international market, or a company actively involved in importing and exporting and of
course international tourist and international students et al cannot effectively operate their
business or fit into a new country without having the currency of the host nation.

We are well positioned to take on the available market in Las Vegas – Nevada and on our online
platforms and we are quite optimistic that we will meet our set target of generating enough
income / profits from the first six month of operations and grow the business and our clientele
base beyond Las Vegas to other cities in Nevada and other states in the U.S.

We have been able to critically examine the Forex brokerage cum Forex trading market and we
have analyzed our chances in the industry and we have been able to come up with the
following sales forecast. The sales projection is based on information gathered on the field and
some assumptions that are peculiar to startups in Las Vegas – Nevada.

Below is the sales projection for Freeman Jones Forex Brokerage Firm, LLC, it is based on the
location of our business and the wide range of financial consulting services that we will be
offering;

First Year-: $250,000

Second Year-: $550,000
Third Year-: $950,000
N.B: This projection is done based on what is obtainable in the industry and with the
assumption that there won’t be any major economic meltdown and natural disasters within the
period stated above. There won’t be any major competitor offering same additional services as
we do within same location. Please note that the above projection might be lower and at the
same time it might be higher.

Our Pricing Strategy

It is a fact that Forex trading both online and offline is driven by the demand of a certain
currency which is why the prices cannot be fixed; prices for Forex fluctuates on a regular basis.

At Freeman Jones Forex Brokerage Firm, LLC we will keep the prices of our services below the
average market rate for all of our customers by keeping our overhead low and by collecting
payment in advance from corporate organizations who would hire our services. In addition, we
will also offer special discounted rates to all our customers at regular intervals.

Payment Options
At Freeman Jones Forex Brokerage Firm, LLC our payment policy will be all inclusive because we
are quite aware that different people prefer different payment options as it suits them. Here
are the payment options that we will make available to our clients;

Payment by via bank transfer

Payment via online bank transfer
Payment via check
Payment via bank draft
Payment with cash
In view of the above, we have chosen banking platforms that will help us achieve our plans with
little or no itches.

Forex Brokerage Firm Business Plan – Financial Projections and Costing

Starting a Forex brokerage cum Forex trading firm can be cost effective; this is so because on
the average, you are not expected to acquire expensive machines and equipment.

Aside from the working capital or capitalization as is required by the regulating body, basically
what you should be concerned about is the amount needed to secure a standard office facility
in a good and busy business district, the amount needed to furniture and equip the office, the
amount to purchase the required software applications, the amount needed to pay bills,
promote the business and obtain the appropriate business license and certifications.

This is the financial projection and costing for starting Freeman Jones Forex Brokerage Firm,
LLC;

The Total Fee for incorporating the Business in the United States of America – $750.
The budget for basic insurance policy covers, permits and business license – $2,500
The Amount needed to acquire a suitable Office facility in a business district 6 months (Re –
Construction of the facility inclusive) – $40,000.
The amount required for capitalization (working capital) – $50,000
The Cost for equipping the office (computers, software applications, printers, fax machines,
furniture, telephones, filing cabins, safety gadgets and electronics et al) – $5,000
The cost for purchase of the required software applications (CRM software, Accounting and
Bookkeeping software and Payroll software et al) – $10,500
The Cost of Launching your official Website – $600
Budget for paying at least three employees for 3 months plus utility bills – $10,000
Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,500
Miscellaneous: $1,000
Going by the report from the market research and feasibility studies conducted, we will need
over one hundred and fifty thousand (200,000) U.S. dollars to successfully set – up a medium
scale but standard Forex brokerage cum Forex trading services firm in the United States of
America.

It is important to state that the testing and evaluating expenses would be high because of the
large amount needed as working capital.

Generating Funding / Startup Capital for Freeman Jones Forex Brokerage Firm, LLC

Freeman Jones Forex Brokerage Firm, LLC is a business that will be owned and managed by
Freeman Jones and his immediate family members. They are the sole financial of the firm, but
may likely welcome partners later which is why they decided to restrict the sourcing of the start
– up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

Generate part of the start – up capital from personal savings

Source for soft loans from family members and friends
Apply for loan from my Bank
N.B: We have been able to generate about $50,000 (Personal savings $40,000 and soft loan
from family members $10,000) and we are at the final stages of obtaining a loan facility of
$150,000 from our bank. All the papers and document has been duly signed and submitted, the
loan has been approved and any moment from now our account will be credited.

FOREX BROKERAGE BUSINESS GROWTH: Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and
competence of the employees, their investment strategy and the business structure. If all of
these factors are missing from a business (company), then it won’t be too long before the
business close shop.

One of our major goals of starting Freeman Jones Forex Brokerage Firm, LLC is to build a
business that will survive off its own cash flow without the need for injecting finance from
external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our
Forex brokerage cum Forex trading services a little bit cheaper than what is obtainable in the
market and we are well prepared to survive on lower profit margin for a while.

Freeman Jones Forex Brokerage Firm, LLC will make sure that the right foundation, structures
and processes are put in place to ensure that our staff welfare are well taken of. Our company’s
corporate culture is designed to drive our business to greater heights and training and re –
training of our workforce is at the top burner of our business strategy.

As a matter of fact, profit-sharing arrangement will be made available to all our management
staff and it will be based on their performance for a period of three years or more as
determined by the board of the organization. We know that if that is put in place, we will be
able to successfully hire and retain the best hands we can get in the industry; they will be more
committed to help us build the business of our dreams.

Check List / Milestone

Business Name Availability Check: Completed

Business Incorporation: Completed
Opening of Corporate Bank Accounts various banks in the United States: Completed
Opening Online Payment Platforms: Completed
Application and Obtaining Tax Payer’s ID: In Progress
Application for business license and permit: Completed
Purchase of All form of Insurance for the Business: Completed
Conducting Feasibility Studies: Completed
Generating part of the start – up capital from the founder: Completed
Applications for Loan from our Bankers: In Progress
Writing of Business Plan: Completed
Drafting of Employee’s Handbook: Completed
Drafting of Contract Documents: In Progress
Design of The Company’s Logo: Completed
Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
Recruitment of employees: In Progress
Purchase of the Needed software applications, furniture, office equipment, electronic
appliances and facility facelift: In Progress
Creating Official Website for the Company: In Progress
Creating Awareness for the business (Business PR): In Progress
Health and Safety and Fire Safety Arrangement: In Progress
Establishing business relationship with vendors and key players in the industry: In Progress