Ask a Business Lawyer. Get Business Law Questions Answered ASAP.
Hello, my name is ***** ***** I will try to help you. Please remember I just report or interpret the law, so the outcome may not be what you hoped for.
It is my understanding that you are trading foreign exchange in the futures market. Generally, anyone who acts as a broker in the futures in the U.S. market has to be licensed. There is also an investment adviser's act that governs giving advice. Based on the foregoing, without knowing more about how you will operate, you will need to be licensed. However, here is a link and you can call to see if what you want to do qualifies for an exemption.
If I have answered all your questions, please positively rate my answer as that is how I receive credit. If you have more questions, please let me know. If the answer was especially helpful you can provide a bonus.
Are you buying contracts to deliver foreign currency at some future date? Are you buying specified amounts of foreign currency for which you pay in full immediately?