The company that supplies you with a white-label will take care of all of these things. Using an automated trading platform like MT4 or MT5 may dramatically reduce a new brokerage’s start-up costs. Brokerages get fully functioning and customized trading platforms with their branding
(discussed within the partnership). A wide range of instruments, fair and transparent pricing, and unique instruments can keep your company competitive in the Forex Premier League. The company offers business clients a turnkey Forex broker that includes multi-level liquidity, convenient and functional back-office, and an effective trading platform.
- Starting a Forex brokerage involves various aspects that business owners need to consider, such as legal, marketing, sales, operations, finance, liquidity, and technology.
- If you’re thinking about creating your own Forex brokerage service using a white label solution or just looking to learn more about it, this comprehensive guide is for you.
- The cost of a Forex white label solution from a technology provider varies depending on the provider, the level of customization required, and the features and services included.
- One more aspect the X Open Hub company specializes in providing multi-asset liquidity; this is why brokers access deep Tier 1 liquidity pools that make it possible to execute traders’ orders instantly.
B2Broker is a popular and well-established liquidity and technology provider for both the cryptocurrency and forex exchange industry. B2Broker has recently won an industry award as the best White Label Multi-Asset Liquidity Platform of 2023. The technology may be perfect, but every broker will occasionally need some technical support.
Get your White Label
It’s important to consider factors such as user-friendliness, customization options, advanced features, and reliability when selecting a platform. By researching and selecting a reputable platform, you can provide your clients with a high-quality trading experience that meets their needs and enhances your brand’s reputation. Foreign Exchange, commonly referred to as Forex, is a decentralized market for trading currencies.
As for the software, it also provides training in departments such as back-office, customer service, and market development, as well as daily workflows of regular traders. A White Label forex platform enables a trading firm to put its logo and branding on a platform that was created by a technology firm. To the end customer, the white label product appears as though it has been manufactured by the trading firm itself.
The forex industry is constantly evolving and with it its traders and their demands. There are many “go-to” traditional platforms that can be implemented in your white label solution. However, bear in mind that these benchmark platforms may not be progressing as quickly best forex white label solutions as forex traders are. Many traders are looking for user-friendly and highly intuitive platforms with Social Trading capabilities, chart interaction and analysis, and fast and efficient order placement capabilities to keep up with the fast-paced moving markets.
Forex White Label Guide
Where investing is concerned, if things go wrong, they must be fixed quickly, or brokers could risk losing their clients’ funds and trust. New brokerages that choose white label packages receive a key to a comprehensive and feasible business solution for a monthly/annual fee. There are many issues to consider and address, such as setting up the trading platform, connecting payment systems, developing retail investor accounts, determining to price, and many more. The first step to consider for white label program is to get a license to become a white label broker. You need to get your firm registered for getting the certification for that you need to submit all the financial non-financial information about your firm and also of the members that are using it. The scope of services to offer
Such a stage refers to the necessity of setting up the scope of services a broker is ready to offer for customers.
If you’re looking to open your own forex brokerage, you’ll need to finance properly. For example, if you’re looking for Forex broker turnkey solutions including all the stages, including creating the company from the ground up, you’re looking at a heavy chunk of change. If you’re going for a solution that includes trading platform access and technology, prices will reduce significantly. Your financial budgeting is individual, set to change, and should be negotiated with the company you’re set on working with.
Forex White Label Program is a program which is designed for restricted individuals and institutions that desire to build a brand name and a presence in the Forex industry. In a forex white label program, you will be presented with a platform (MT4) holding your brand or logo as well as content for your IB website. Along with the white label program, you also tend to get services like back office support, and administrative and support functions. Taking this example further, imagine a row of canned goods at the supermarket with fancy labels. Let’s imagine that it’s a gray can sitting next to all the labeled products.
X Open Hub is a division of XTB SA that offers white-label solutions for brokers, startups, and banks. They have over 12 years of experience, a team of over 250 IT professionals, and have built over 100 partnerships to deliver top-notch services to their customers. Using a white label Forex broker can offer many benefits, regardless of which business model you choose.
Brokers that provide white label services often offer a variety of different revenue options to their end clients. Forex white label program provides the traders with an entirely branded forex trading operations. Moreover, it offers comprehensive admin support to its traders along with a white label training program. Also, it is essential to choose the right trading platform that gives you with right trading conditions along with better pricing conditions. A successful forex white label partnership can provide significant revenue streams and help grow the white label partner’s business.
The platform also offers multi-language client terminals available on Web, Windows, Mobile iOS, and Mobile Android, making it accessible to traders worldwide. One of the key features of SmartStart is the Sirix platform, Leverate’s trading platform which is available on both the web and mobile. This platform offers traders a seamless trading experience with built-in copy trading and crypto capabilities.
Whereas a “Full” White Label involves two key components, a branded trading platform and the ability to take deposits directly from customers, a partial solution does not. The partial setup does include the rebranded platform (with the name/logo of the partner on it), but not the ability to take deposits. In either instance, the trading platform can be branded with the trading firm’s logo. The main difference is that the full white label can directly manage the client’s funds, while the partial white label cannot receive the client’s funds.
If the trader is a trading master, then he might face extra financial risks and personal liability risks. Moreover, forex broker should follow some risk management techniques that include risk reduction, risk avoidance and risk transfer in order to manage risks. It is advisable that forex trader can apply these techniques to the forex business so to manage all the risk that they might face in the forex trading business.