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. One more possible solution for business owners who have just entered the market is
UpTrader, a company that primarily focuses on CRM systems for FX brokerage companies. 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. Liquidity is suggested both in a complex and as an independent
product.
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 as forex traders are.
No forex broker will publicise their cost (for the obvious reason of fierce competition) but the pricing ranges between $5k-$12k one-off cost for getting the platform(s), and no less than $3k monthly, for support. If you are a networker in the forex industry, you most definitely have to give a forex white label, a go! Setting up one’s own structure is where everyone in this industry wishes to end up.
Nowadays the market movements gradually became smaller, the proportion of the cost grew up and affected the revenue for the traders. Obviously, this market needs some mechanism to hold the balance, otherwise, no trader would like to trade with the high cost and high risk. If traders leave the market, the liquidity would be affected as a result. Whether it’s education, helpful tools, or anything else that your clients will appreciate, focus on offering your customers value. All that is needed to choose is liquidity, parameters, platforms and the business will become operational. Gain Capital is a well-established firm that has more than 18 years of experience in enabling businesses that have complementary product portfolios to expand and grow their offering.
How much is traded in the forex market daily?
This option offers traders less resistance and will allow them to enter the market with fewer risks. White you will not be working with your own clients with this solution, you will be referring them instead. Axi is a reputable, well-regulated, and large brokerage that offers white labelling to other financial start-ups. With Axi, companies can leverage the industry-leading, out-of-the-box solutions which allow companies to provide forex and CFD trading platforms to their clients quickly and easily. The first step in applying for a forex white label is to choose the forex broker and white label partner. The forex broker should have a good reputation, regulatory compliance, reliable trading platform, competitive spreads, and quality customer support.
- It requires much lower cost to build a trading platform for your brokerage business.
- The company may integrate payment providers, CRMs, and other components, but the turnkey solution doesn’t include them.
- Moreover, it is not required to be an expert in trade or trading site configurations before launching a white label.
- A trading firm would operate a white label business in the same way as its regular foreign exchange brokerage business.
The benefit for both firms is that the technology firm can concentrate on making and upgrading the product or service, and the trading firm can focus on marketing and selling the product. One big advantage of not taking deposits and operating as a partial provider instead is simplicity. Getting the platform branded is something that’s relatively easy to do and can be accomplished in less than two weeks if all your company documents are in order. It is also simpler to allow your customers to deposit their money directly with the licensed brokerage firm that’s providing your platform. In fact, if you go this route, your customers will likely feel more secure because they will know that their accounts and money are with a well known and regulated broker (not a new private label brand). The white label cooperation model is a form of partnership in which a producer (a company that produced a white label product or service) leases its trading software to a broker in exchange for a monthly fee or a percentage of income.
When you see the word “partial” applied to a white label solution, it is not referring to a partial/lower fee or a free trading solution of any kind. 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. A Forex White Label business enters into a partnership agreement with an existing FX brokerage firm to receive access to the broker’s trading platform and liquidity, but under the unique brand of the white label affiliate.
Forex affiliate programs: A better way to earn in the financial market
“Exante” provides Cryptocurrency FIX API that makes crypto OTC broker be able to be built. When you read the three main reasons why you should hold off on becoming a white label below, think about your current situation. If any of these three apply to you, delay your launch date and focus on your problem areas.
Choosing a white label route as a forex provider means you don’t have to build your own platform, buy a server, find PSPs and payment solutions, handle the technical side of things, or deal with configurations or customizations. The ideal WL platform supplier will provide all the above services and more, all at a feasible cost for your brand. No, it doesn’t offer the platform branding possibilities best forex white label solutions of a full or partial white label, but when it comes down to the nitty-gritty, an IB business can make as much or even more money than a private label setup. An introducing broker does not have any initial or monthly platform fees to pay and doesn’t have to worry about the nuisances that accompany the processing of customer deposits and dealing with potential compliance/legal issues.
Customer Incentives – What do You Have to Offer?
For the developers of the software, it can be viewed as a promotion without any costs. If the company that uses your platform becomes very successful, more people learn about the software that you have developed. You can also see how people react to the services of your platform and use this information to further develop it. In a highly competitive environment, white label solutions provide startup brokers with the perfect solution to get them off the ground. With white label solutions, brokers pay monthly or annual subscriptions which are a fraction of the cost of licenses.
So although it’s understandable that every networker in the industry wants to start a forex brokerage, it’s crucial to ask the right questions and receive the right answers (not wishful thinking) prior to going ahead with a new arrangement, like a forex White Label. When it comes to your white label forex business, you want to align with a broker that has access to a large list of currency pairs in their MT4 platform. The reason for this is the white label allows you to build your brand, acquire clients but the licensee will do all the due diligence and KYC to get your clients live on the MT4 trading platform.
As for the integration of outer services, Soft FX may integrate Zoho and Microsoft Dynamics CRM systems. These agreements can contain a number of schedules to allow users the freedom and flexibility to choose definitions for substantive elements of each contract. The white label agreement is also used between the parties to specify conditions of the agreement and determine how revenue will be distributed between the company and the affiliate when a client or customer accesses the company’s website by using the affiliates.
In addition to being very straightforward, establishing a White Label Forex brokerage is also a lot more cost-effective compared to creating a Forex broker on your own. Although there are many advantages that White Labeling comes with, there also are some disadvantages. One of the biggest disadvantages is that the commissions must be paid in any case. Although most of the contracts provide a percentage of the turnover, most of them also include a fixed commission.