Hi. I am at a loss as to what to do with my life. I have just been made redundant and now I thought that opening an exchange office might be a good thing to do. And perhaps there is a nice profit to be made in terms of commission. But is this complicated and do you need some special license? I am hoping that you could point me in the right direction.
That is a very interesting question. I have been trying to look it up for you - or really, mainly for myself, as I a actually quite curious to find out what the rules are on this. The only thing I can imagine you should do is to contact the Bank of England, who is after all responsible for things like the official exchange rate. You could ask them about what you need to do as a private trader to be allowed to own an exchange office. and don't forget to let me know as I have been unable to find out anything.
