Take advantage of our many years of experience helping a great number of FX businesses succeed. We’ll start by discussing your ideas and objectives and let you know if they make sense as they are or should be modified to help you save money, time and headaches. As we mentioned earlier, most organizations that want to become white labels in order to run their own brokerage firms are not very qualified to do so. Some of these “unqualified” groups go ahead and try doing it anyway [with a very, very low rate of success].
- As for the software, it also provides training in departments such as back-office, customer service, and market development, as well as the daily workflows of regular traders.
- It allows them to focus on growing their business while leaving the technical aspects of the platform to the third-party brokerage firm.
- Now that you know what the White Label model is and how it works, it’s time to understand how to start your own White Label brokerage business.
- No, it doesn’t offer the platform branding possibilities 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.
In addition, keep in mind that as your client base grows, you will start paying more and more, and sooner or later, you will still need to buy your own trading platform. It may be hard to imagine, but many top-rated forex brokerage firms initially started as white labels. The reason is very simple, and it lies within the fact that when starting a forex brokerage from the ground up, it can be a very complex venture that involves a lot of financial, legal, and technical complications. ETNA Digital Advisor is a white label platform for managing passive investments.
White label provides forex brokers with services and solutions to support the needs of brokerage companies. For example, small retail traders will most probably prefer to use a credit card or electronic wallet, while more professional or institutional clients, who fund their accounts with larger amounts, are likely to fund their accounts through wire transfers. To be able to accept deposits then, you will need to have in place the apparatus through which to process them, that will be secure and reliable.
And you will need to keep finding ways to portray your own brokerage in the eyes of customers as the one that has an edge over the rest. It is true that some clients, especially those opening larger accounts, will fund mainly via wire transfer, which require no special system or technology to process them. Clients with smaller accounts, on the other hand, normally prefer funding via credit card, since from a percentage basis, credit card fees will be relatively lower than wire fees for smaller deposits. As far as fees are concerned, MetaQuotes charges standard upfront and monthly fees to all licensed brokerage firms for each MT4 white label they sub-license to their referral partners. This solution allows the affiliated company to build and strengthen its brand in the realm of currency trading while minimizing the huge costs and legalities that accompany the launch of a full blown, licensed brokerage firm from scratch.
Interactive Brokers
You can evaluate which bundle is best for you by comparing the starting and standard packages with the complete package. MT4 White Label and White Label MetaTrader 5 trading systems may be purchased via UpTrader. To receive the more popular MetaTrader 4 version, a new business must secure an UpTrader White Label, since fresh copies of the program have been unavailable for
quite some time. Both types of White Label models are a convenient way to launch a broker and optimize the operation of all elements within the system in order to get a well-established business that can bring profit and prosperity. A deep pool of institutional liquidity will satisfy even the most sophisticated traders you serve.
With a broker based on the White Label model, newer players can reduce costs since they only pay for the use and maintenance of the product. It is not uncommon for beginners to save up to $100, ,000 as a result of using these services. As for trading platforms, MT4 and MT5 are the two most popular solutions implemented by more than 70% of Forex brokers. Therefore, you should select those products that will empower your clients with the latest tools and instruments. In this article, we have reviewed some of the top White Label providers in the industry, offering a wide range of products and services to suit brokers of all sizes and levels of expertise. With their cutting-edge technology, personalized support, and flexible pricing plans, these providers can help you build and grow a new brokerage business while providing traders with a seamless and secure trading experience.
This solution
is equally well-suited to newbies to the market and more established, seasoned participants since it meets the needs of brokers of varying levels of skill. White label solutions are cost-effective, and it saves time, improves overall offer to provide a holistic service package, offers a trading platform and range of financial instruments, provides technical and dedicated customer support. The white label goes beyond branded terminals and a platform, it also includes the life cycle of the brokerage. This offers the startup the tools it needs for every process including risk and money management, monitoring, client relations, and several others. It is for this reason that many brokers settle for an easy solution by starting as a white label forex broker instead.
The bank’s white-label offering is known as Saxo Markets, which provides a turnkey solution for businesses looking to offer trading and investment services under their brand. Currently, they serve over 120 banks and brokers and 300+ financial intermediaries. Quadcode’s white-label solution provides clients with a full-packed brokerage business tailored to their needs, powering 150 million trading accounts in over 170 countries. It serves brokerage firms and financial institutions seeking impeccable, off-the-shelf fintech solutions redefining industry standards. Regulated UK White Label provider offering multi-asset liquidity and advanced trading technology to financial institutions and retail brokerage firms worldwide.
Would you like to start a White Label brokerage?
Even if you do secure adequate funds and possess or amass the necessary knowledge and expertise, however, these two elements alone are not enough to turn you into a successful white label forex broker. The simple answer lies in the fact that because it is potentially lucrative and thus attractive to new entrants, the forex brokerage landscape is also fiercely competitive. It is no secret that in the first two decades of the 21st century, Forex has seen an exponential increase in regulatory laws.
White Label Limitations
First of all, find a reliable company offering White Label solutions for different types of brokers, from the Forex to the crypto industry. Study different websites with ratings, read reviews and get acquainted with a short description of the company – this information will help you to decide whether it is worth cooperating with the chosen company offering this solution or not. Also, don’t forget to compare service packages and their cost in order to choose the best solution. Starting your own brokerage business from scratch is a very painstaking, expensive and time consuming process that requires the investment of a large number of different resources in order to develop all its vital elements. Creating an exchange infrastructure, connecting electronic payment services, launching a matching engine for matching orders, installing a trading terminal – these are just a small part of the tasks to be solved at the start. The White Label model allows you to access a ready-made brokerage exchange infrastructure and start using it for your own purposes, which significantly saves time, money and effort.
Saxo Bank also publishes case studies of the solutions it has provided to its clients. These case studies are available online and offer insight into how Saxo Bank has helped its clients with their specific needs. 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.
By choosing a platform that offers these features, you can provide your clients with a top-notch trading experience that meets their needs and helps you build a successful brokerage business. In addition to the trading platform, Sirix Broker provides a back-office solution that allows brokers to segment their traders into groups and adjust their trading conditions according to their needs. Brokers can also control what traders see, view their activity on a rich dashboard with real-time reporting, and engage traders with notifications. Sirix Social empowers traders with an integrated copy trading feature, and Sirix Crypto allows brokers to add crypto CFDs to their offering. Sirix trading platform offers a user-friendly interface with one-click execution and advanced charting. It can be customized with a broker’s own logo and design scheme to maintain a consistent brand identity.
Beginner business owners cut their costs, as they leverage the White Label trading platform, facing no necessity to purchase the product. 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. Furthermore, best forex white label solutions the step is also related to creating a convenient and functional website, user-friendly UI, and other important features that influence an end-user’s choice. Beginners may benefit from the company’s branded MT4 and MT5 solutions, while business owners can make use of additional services.