Before even getting started in the branded FX space, you need to make sure that your business name, logos, images, and any other visual representation of your brand instills a sense of trust and confidence in your clients. This is an area where we recommend that you invest time and money to get it done right. Our express start-up package will provide you with an award-winning trading platform, easy to use back office system and access to top-tier liquidity. When you look for Forex White Label on Google, you find the solutions of just one company in the first 2-3 pages who kind of holds monopolistic position but they are not the only Forex White Label Solutions available for forex brokers. While looking into Sirix and other competitors in the field, the important factor in choosing a platform is finding one that will make any trader feel at home. Execution capabilities are important, while the dashboard, indicators, and analysis features are crucial components for your traders’ user experience and trading abilities.
It allows them to offer the same trading services as established brokers without the costly investment. It is a comprehensive solution that provides traders with an excellent trading experience while helping brokers grow their businesses. In comparison to IB, White Label (WL) has a distinct goal and a more intricate approach.
Tradesmarter Trading
Along with the white label program, you also tend to get services like back office support, and administrative and support functions. If we distinguish the main pros and cons of every model, brokers experience the highest simplicity (no payment providers are needed) and the opportunity to enter the market within the shortest terms. As for cons, the partial WL model destroys the anonymity principle, as traders’ personal information is accessible for a primary broker.
- B2Broker is a popular and well-established liquidity and technology provider for both the cryptocurrency and forex exchange industry.
- What I’m referring to here is the business of an introducing broker or IB.
- New brokerages that choose white label packages receive a key to a comprehensive and feasible business solution for a monthly/annual fee.
- Forex White Label Cost or price varies depending on which FX White Label Solution you choose and who is the provider.
- Reliable liquidity providers connect your order book with the largest banking institutions and funds like BNP Paribas, Barclays, Goldman Sachs, etc.
- Our express start-up package will provide you with an award-winning trading platform, easy to use back office system and access to top-tier liquidity.
Also, you can save thousands of dollars that are spent on setting a business physically. White label service provider get a little chance to customize their platform while on the hand the brokers can have a fully branded and customized trading platform. There are no costs or fees for using the Forex White Label Program network and platform.
COMPANY
Soft-FX offers the Forex Broker Turnkey solution as a one-stop portal to enter the FX business market. This comprehensive solution provides the necessary tools for a Forex brokerage with a reliable software foundation, multi-layered liquidity, robust trading platform, and a convenient back office. The solution includes over 30 technical connectors to major FX liquidity providers, advanced analytics modules, KYC/AML services, and integration with 60+ fiat payment systems. The trading platform has advanced features, including algorithmic trading capabilities, multilingual trading terminals, and advanced trading orders to satisfy even the most demanding clients. Additionally, Soft-FX provides full support throughout the solution implementation process.
With a background in higher education and a personal interest in crypto investing, she specializes in breaking down complex concepts into easy-to-understand information for new crypto investors. Tamta’s writing is both professional and relatable, ensuring her readers gain valuable insight and knowledge. 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]. Back in the late 90s and early 2000s, it was much easier to start a private label business and offer traders your own version of the MT4 platform without needing to overcome many legal hurdles.
Alternatives to a WL broker solution
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. Experts recommend selecting jurisdictions that are reliable enough on the one hand and guarantee softer conditions from the viewpoint of the legislature. There is no guarantee a trading platform meets your expectations and target clients’ needs.
When it comes to retail Forex, the software that most currency traders use and prefer is Metatrader 4, a.k.a., MT4. The Metatrader platform, developed by the Russian company MetaQuotes, has been in existence since 2003 and has gone through various version changes, including MetaTrader 3 in 2003, MetaTrader 4 in 2005 and MetaTrader 5 in 2010. Despite its most recent release, MT5 continues to be much less popular than MT4 and most brokers today use MT4 instead of MT5. X Open Hub provides a complete front & back end technology and liquidity solution to help you convert your IB business or White Label into your own fully branded, customised brokerage and realise more profits.
Why should you sign up for the white label program?
Full and final payment would be charged before delivery of the project. We would like to conclude this article by reiterating; White Label in FOREX is a WIN-WIN for everyone operating in the forex market. Each while label is therefore tailor-made for partners, offering them the best opportunity to not only maximize their earning potential but providing them with an ideal environment to do so. Eventually, both models have strong and weak points, and a newer broker should decide which solution corresponds with his (her) goals better. 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.
GCI captures ‘Most Valuable IB Program’ recognition by ForexRating … – FinanceFeeds
GCI captures ‘Most Valuable IB Program’ recognition by ForexRating ….
Posted: Thu, 07 Sep 2023 07:00:00 GMT [source]
Thus it necessary to research the trading platform before you opt for their services. It is important to opt for the forex white label program that is fully branded to your specifications. White label program will help you to rebrand your brand or services as per your needs and requirements. Moreover, the platform should offer customer support to analysis and report full-trade.
Develop your own Trading Technology right from scratch
Wherever the truth lies, your branded FX business can easily meet its demise if you do not tread the legal waters intelligently and with caution. Even though the ideal solution for you will depend on your specific objectives, each option comes with its set of advantages and disadvantages. Request an access to our XOH Trader platform and test-drive our customized trading environment for 1 month. A fully branded Forex White Label from Spotware (cTrader White Label) or Match-Trade Technologies (Match-Trader White Label) cost you as low as USD 1000 a month. Make a 50% advance or full payment for booking your White Label project. A company registration procedure may cost $1500 – $ , depending on a certain jurisdiction.