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What is the difference between a white label and main label forex broker?

When all the previous stages are completed, make your brokerage business ready to enter the Forex market. Test all the services and technical aspects, ensuring yourself everything is working correctly. Never be in a hurry, leaving enough time for the pilot version and bugs fixing.

Some white label providers also have training programs for new brokers and will also assist you in branding, platform customisation and promotional activities. Building a brand name and image is crucial for attracting traders to your platform, and white label forex solutions make it easier for you. A white label product or service will be sold to a large number of customers without a specific brand name. The brand who avails the white label solution will be able to present the service as theirs by selling it under their brand name. Similarly a forex white label technology can be rebranded and sold by different brokerages.

Forex white label vs. lottery white label

Before you decide to start your own, make sure that you have some type of experience or education that can act as the foundation upon which you’ll build your empire. If you hedge risks and use a hybrid model and a bridge, you probably need to control trading activity especially in an important market news period to control financial risk. You can set up this rule for all requests or only for those that are already approved by lower-ranking staff. It is very important to verify your client with a KYC check, confirm payment details, to do this just direct all requests through a Compliance department. In some cases you might need requests approved by a phone call, so that you are sure that requests are submitted by a real client, not a scammer, so you can set up obligatory manager calls. To avoid these problems and make withdrawals without risks for a broker and fast for a client, it is better to follow a certain procedure, where every step is under control of your departments.

If you’ve heard of it before and are looking forward to getting started with it, you are in the right place because you will learn everything there is to know about the forex white label. Depending on the country where you form the entity you plan to use to run your white label business, you might also have to register or get licensed there. However, there are many countries where you can incorporate your business that do not have such regulatory requirements. Nevertheless, even if you incorporate in a country with lax Forex statutes, you might still fall under the scrutiny of their regulators if the office where you meet clients is in that same country.

Taylor Bingwa, Customer success manager UpTrader

The term white label is used as the packages are sold with a white label and the company gets to put their own brand name before reselling it. In addition to reducing your costs, white-label solutions allow you to get started in weeks rather than months as the foundations have already been laid. IX Prime is a provider that has liquidity within the forex and CFD trading sectors. That means white label brokers get instant access to 300+ instruments, LD4 hosting servers, and real-time price data. White label partners also get access to analytics, order and management tools, and a dedicated account manager. You don’t need prior experience in the lottery business to start yours today.

white label forex broker meaning

Here the forex broker himself is a counterparty for his clients and executes client trades at real quotes received from banks and liquidity providers. If you’re a budding FX broker, you can trust us to handle the software part. After all, we’ve been delivering trading platforms to brokers since 2002! So you can be sure we’ll address all your business’s technology needs. If your target traders reside in Asia, you have options for any budget. For example, launching a regulated brokerage in Hong Kong costs a minimum of $650,000.

What to choose? White label MT 4 /5 vs MetaTrader 4/ 5 Full License

And there is a risk of professional traders bankrupting the broker with large earnings. However, running an offshore company has its own drawbacks, such as certain difficulties with signing up for bank accounts and payment system providers. To avoid such problems, you can open a company in a regulated jurisdiction , it will be much more expensive, but will show clients and business partners https://xcritical.com/ that you are a serious company that can be trusted. In 2020 you do not need to have considerable knowledge in brokerage business. There are a lot of white label crypto currencies brokers as well as white label ecn brokers, you can even get a white label trading app. FX Meta Tech excels in providing technology solutions for Forex brokerage through its professional & top-notch service.

  • A personalised offering, including our service fees and a full description of the technical setup, instruments, leverage, spreads and markups, client groups and account currencies.
  • Saxo Bank’s white-label solution covers the full value chain of trading and investment, from execution to post-trade services.
  • Brokers usually combine sources of profit from the trading activity of their clients and rarely work exclusively with one model.
  • IBKR offers free client relationship management tools, full white branding and custom website creation services, flexible client management, and reliable client onboarding processes.
  • White Label – A White Label is a broking firm that is licensed by the bog forex brokers to operate in its own name, take up trading requests from traders and get them executed on the main broker’s platform.
  • The white label trading platform should be stable and fast in all situations.
  • Regardless of whether the broker has started to earn money or his expenses have not been repaid yet, he must pay.

If the currency rate is higher when the trader closes the trade, the trader makes a profit. An outdated trading platform can be an immediate turn-off for your clients. Hence, you need to make sure the platform provider you choose will keep introducing regular updates to advance the platform for a superior trading experience. This will be useful for attracting more clients to your platform as a new broker. One of the most significant benefits is the ability to quickly broaden the product or service range without the need for extensive research and development or extra staff.

actions you should be taking if you want to be a Forex Trader

You decide which platforms, trading instruments, spreads and leverages you would like to provide to your clients and sign the contract with us. Tell us which platforms and instruments you are interested in and get an offer. Once we have agreed on the setup, we can start the onboarding process.

white label forex broker meaning

As a result, the broker turns a profit by levying his customers commissions or by increasing the spread. There are no conflicts of interests, because the broker earns money whether a trader has taken profit or not. Also, we created a handy infographic with everything needed to launch your forex brokerage business.

Bottom line: where to find a trustworthy WL provider?

Fees Charged – It is important to pick a white label provider who charges a genuine commission and fee for the services. An individual should only pay for what he is offered by these providers, any hidden charges must be carefully evaluated beforehand. However, MT5 includes several new features and improvements over MT4, such as support for more financial instruments, a more advanced trading language, and improved back-testing capabilities. MT5 also includes a built-in economic calendar and market depth features, which can provide traders with additional insights into market activity.

Own Brokerage

In recent years, white-label solutions have become an easy and effective way to not only get started in the financial world but get ahead. Launchfxm.com is neither a broker nor a liquidity provider and does not hold client funds Brand logos mentioned on this site could be/are owned by the respective companies and not by Launchfxm.com. Offering a comprehensive online trading platform to your customers is now easier https://xcritical.com/blog/top-5-trading-platform-design-features-to-improve-user-experience/ than ever with B2Broker’s integration with Match-Trader. Together, these two provide an expansive suite of powerful tools for any business looking to leverage cutting-edge technology solutions. Between forex white label solution and lottery white label, you need to choose a model that will work for you. The only way to know which of the two is more beneficial is to compare them based on important factors.

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