What Is a White-Label Broker in Forex?

What Is a White-Label Broker in Forex?

But before allowing clients to fund their accounts via credit cards, you’ll need to be able to process them. You’ll need a secure online interface to accept and carry out credit card transactions and also a merchant account to receive the funds. If you are a brand new white label company without extensive banking history, a merchant account might be a bit of a challenge to open and the processing fees you’ll likely incur will be higher than normal. Given the fact that most brokers nowadays tend to absorb the credit card fees on client deposits anyway, this will become an added cost for your business initially if you do the same.

white label fx broker

At the same time, the Forex broker offers essential technology, liquidity, and back-office support. Their trading platform, TickTrader, provides a flexible setup scheme for different trading conditions, allowing brokers to manage Forex and digital assets transactions efficiently. It offers several trading account types designed for both spot operations and margin (leverage) trading, catering to a wide range of trading strategies.

Exploring the Health Benefits of Forex Trading: Stress Relief and Improved Focus

The platform also offers multi-language client terminals available on Web, Windows, Mobile iOS, and Mobile Android, making it accessible to traders worldwide. Starting a broker with a White Label solution is the best-suited solution for those who have little to no experience in the field but want to become a successful Forex broker and create their own brands in the industry. Forex White Label providers make it possible for companies to offer retail traders services a lot easier than they would be able to if they started their own business from the scratch. Multicurrency based margin accounts allow brokers to minimize volatile risks between clients’ equity and brokers’ equity.

white label fx broker

Saxo Bank’s white-label solution covers the full value chain of trading and investment, from execution to post-trade services. They also provide daily account management and operational support through prime services and 24/7 IT maintenance to ensure that their partners can rely on the platform to be up and running without technical issues. In addition to the desktop trading platform, X Open Hub offers a mobile app called XOH Mobile that offers complete account management, white label fx broker graphs, and other vital tools required for real-time financial trading. This enables businesses to begin providing brokerage services without requiring considerable capital investment or technological skills. It allows them to focus on growing their business while leaving the technical aspects of the platform to the third-party brokerage firm. Find a provider company

The foremost concern is to find a reliable company that offers WL solutions for FX brokers.

WL MT5 Structure

Quadcode’s solution allows you to infuse your traderoom with a personal touch by selecting a logo, color schemes, and trading tools that align with your brand, setting you apart uniquely in the market. While talking about goals and objectives, this brokerage solution matches the definition of “cheap and cheerful.” UpTrader makes it easy to enter the market – the implementation procedure duration starts from 5 days. This is why WL brokers are equipped with next-level solutions to conquer the market. Dip into legal issues

Brokers should understand that the FX brokerage regulation depends on the country. Some jurisdictions tighten rules and requirements, while other countries create a fertile ground for newer players. This said you need to take your WL provider’s and your own business’s location into account.

white label fx broker

With over a decade of experience in the industry, Leverate is a reliable option for forex brokers seeking a turnkey white label solution. B2Broker is a technology and liquidity provider for the forex and crypto industry, offering turnkey solutions for brokers, start-up exchanges, and platforms. With its White Label package, B2Broker enables brokers to offer their clients a customizable and feature-rich trading experience.

Tradesmarter Trading

The WL MT as a part of the complex solution includes Liquidity, Trading platform, Trader’s Room, Payment System, IB Program and PAMM/MAM/Copy trading solutions. Binary Options are financial products requiring traders to speculate if the price of the underlying assets will either go up or down. The products usually have an expiry date and/or time, and provide fixed returns if the asset price moves in favor of the trader. Based on our research we selected FXWhiteLabel as the Best Forex White Label Provider Overall.

  • You don’t have to become an artist and paint the next Mona Lisa to make a white label work.
  • White label solutions are not only cost-effective, but they help start-ups save a lot of time that would have been dedicated to selecting, evaluating, and choosing components of the new brokerage’s future infrastructure.
  • When comparing various providers, it’s important to inquire about all of the fees and services included in the package, as well as any potential additional expenses.
  • Interactive Brokers offers comprehensive instructions on how to set up white branding on their website, as well as a dedicated team available for further information about the program.
  • It is thus possible to begin your brokerage without investing in or building from the bottom up a trading platform of your own.

The Quadcode team customizes all elements according to the specific requirements of the region and target demographic, managing the installation, setup, support, and seamless implementation of updates directly to the application. They efficiently oversee around 90% of operational procedures, including technical infrastructure management, risk minimization, security measures, customer support delivery, and billing efficiency monitoring. While the cost of the white branding fee is not disclosed, it can vary depending on the level of customization required and the specific needs of the broker. To get an accurate quote for the white branding fee, you need to contact IBKR directly and discuss your specific requirements with them. The application review generally takes 2-3 weeks, and we noted that they require $10,000 to be funded into your account, which will be applied towards your first five months of commissions. Over 20 years of White Label experience providing tailored off-the-shelf and customized solutions, enabling licensed financial institutions to expand their product offerings with full client control.

Three Ways White Label Broker Work – A-Book, B-book and Mixed One

When you’re ready to give your own Forex brand a go or if have any questions before getting started, just complete our short form below. 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. Better now than later, after you spend all your time and money trying to fight a losing battle whose only byproduct is a lifetime addiction to Prozac. To solve our own problem, we created a website that helps investors find, learn and compare the different platforms to save and invest online.

In most cases, the White Label brokers pay a certain amount of fee, which mostly tends to be floating depending on the turnover. The reason for this is that both of the sides that participate in the agreement get some advantages from the process. 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.

Best CySEC Forex Brokers

Established and experienced broker with customizable services for professional advisors and brokers, offering fast and efficient access to global markets with risk management tools. Forex White Label Solutions are the best turnkey brokerage solution available for entrepreneurs who want to start their own forex brokerage business. Another very important downside is that resorting to a white label solution provider largely decreases your independence as a broker, as well as room for growth. However, it should be noted that such problems and challenges become less noticeable when you look at so many advantages that white labeling offers. Simply put, if you are someone who wants to start a Forex brokerage business without all the challenges that might come with the establishment of a new Forex broker, white labeling might be a great option for you. Thanks to the White Label Forex platform, companies have the ability to start brokerage without having to either buy their own trading platform or develop it on their own.

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Posted: Tue, 03 Oct 2023 11:58:14 GMT [source]

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