Knowledge Objectives 

1. Understand the operational structure and key functions of a Forex brokerage, including brokerage models (market maker, STP, ECN).
2. Identify and explain core regulatory frameworks (e.g., CySEC, FCA, ASIC) and their implications on accounting, auditing, and governance.
3. Understand AML, CTF, and KYC obligations and their integration with finance and compliance departments.
4. Gain knowledge of revenue streams in Forex companies (e.g., spreads, swaps, commissions) and related accounting treatments.
5. Learn the structure of intercompany agreements, revenue sharing, and the importance of arm’s-length principles.
6. Recognize key financial and trading metrics such as client equity, volume traded, active clients, and slippage impact.
7. Understand reconciliation obligations under regulation (e.g., MiFID II) and how automation (like MRS) supports compliance.

Skills Objectives 

1. Interpret trading and financial data to verify the accuracy of revenue recognition and expense matching.
2. Perform a high-level reconciliation of client funds and apply proper classification in financial statements.
3. Review and assess the adequacy of internal controls related to client onboarding, safeguarding, and data integrity.
4. Evaluate the accounting treatment of complex transactions including swaps, rollover fees, and leverage implications.
5. Analyze financial statements of Forex companies with attention to KPIs specific to the industry.
6. Navigate trading platforms and reporting tools to understand the source of data used in financial and audit processes.

Attitude Objectives

1. Develop a risk-aware mindset when overseeing Forex operations, especially regarding regulatory and financial exposures.
2. Foster ethical decision-making and accountability in financial reporting and corporate governance.
3. Appreciate the importance of cross-department collaboration (compliance, IT, dealing, accounting) in accurate reporting.
4. Adopt a proactive stance toward understanding technological tools that impact audit readiness and financial accuracy.
5. Value transparency and investor protection principles as fundamental responsibilities in a regulated industry.

• Introduction to Forex

• Basic Terminology
• Long/Short
• Bull/Bear
• Pip
• Bid/ask price
• Lot
• Leverage
• Margin call and stop out
• Slippage
• Swaps/Rollover
• Trading CFDs
• Trading Strategies
• Trading Sessions
• Information and Data analysis
• Introduction to Fundamental and Technical Analysis
• Reading Charts
• Support and Resistance
• Fibonacci Retracement
• Trading Platforms
• Brokerage Models
• Regulation
• Regulators and Requirements
• AML and CTF
• Approaching clients
• Know your customer (KYC)
• Safeguarding of client’s funds
• Accounting and Reporting
• Revenue
• Expenses
• Intercompany agreements and relationships
• Important metrics and Trading Statistics
• Reconciliations and Automation with MRS
• Relevant Regulation
• Audit requirements
• Reconciliation of client funds
• Automation of Reconciliations