It is regulated by FCA, KNF, CySec, IFSC, DFSA, and FSCA, and operates under a robust regulatory framework to ensure the best interest of its clients. Simply, in a forex white label you rent out part of other companies offering and rebrand it to offer as your own, thus you can start your brokerage without having to either buying your own trading platform or having to develop it from scratch. Just because you have the money to brand your own FX platform and start a private label business doesn’t mean you’ll become an instant success (or ever succeed for that matter). This is a fact, despite what certain unscrupulous brokerage firms in the industry would like you to believe.
Smart Broker Solutions is an all-encompassing White Label solution provider that offers a wide range of features and advantages, including a MetaTrader 4 and MetaTrader 5 White Label License. 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. 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.
Tickmill offers a number of trading solutions to both institutional and retail clients. Founded in 2014, Tickmill has quickly established a reputation as a reliable and transparent provider of technology-focused trading products. The platform offers access to various markets with competitive spreads, speedy executions, and advanced tools for technical analysis.
In the realm of the forex market, a white label solution enables a company to utilize another company’s forex trading platform under its own brand. It is for this reason that many brokers settle for an easy solution by starting as a white label forex broker instead. By renting out a portion of the server of a white label forex broker, start-ups can avoid initial challenges and complications, allowing them to enter the forex trading market easier and faster. 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. With X Open Hub, becoming a Forex broker is easy and can be done in less than two weeks with their express start-up package, which includes a trading platform, an intuitive back office system, and access to their premier liquidity.
- The competition level is high enough; this said excellent products functioning appropriately should be sent to the market only.
- On the other hand, an introducing broker (IB) program involves partnering with an existing broker to refer clients, earning a commission on their trades.
- If you’re thinking about creating your own Forex brokerage service using a white label solution or just looking to learn more about it, this comprehensive guide is for you.
- Yes, the very purpose of white label forex solutions is providing an easy entrance to new brokers.
- Looking into your next steps with an experienced partner like allFX-Consult, ensures that you don’t get caught up in unwanted structures and wasted time trying to identify what to do next.
The trading platform will be having a brand name of your choice which means you get all rights and benefits that a business entity gets by offering services to clients. There are many ways to initiate customer interest and generate leads for your forex brokerage. Some of these ways include affiliation, affiliate networks, email marketing, social media marketing, and more. Luckily, if your starting brokerage is not well-equipped with marketing tools or knowledge in the field, a good white label forex broker provider will come equipped with affiliation solutions to help stream potential clients to your brokerage. Leverate’s Sirix Venture brokerage solution will help your brokerage generate leads at your capacity.
Dukascopy is a Swiss-based online bank and forex broker that offers both white label services and a proprietary trading platform to clients. Their white label solution is designed to provide customization options to fit the needs of their partners, including access to over 60 currency pairs and competitive pricing. Additionally, their platform is known for its advanced charting capabilities and technical analysis tools, making it a popular choice for traders.
This includes the trading platform, back-end infrastructure, risk management tools, customer support, and regulatory compliance. A trading firm would operate a white label business in the same way as its regular foreign exchange brokerage business. Traders can have their own service websites and trading platforms, they can set the platforms’ trading spreads and commissions, and they handle customer accounts, such as set up, withdrawals and deposits. They manage the client-facing activities, while leaving the tech support and development of the well-functioning online forex trading platform to the experts. Starting a Forex brokerage involves various aspects that business owners need to consider, such as legal, marketing, sales, operations, finance, liquidity, and technology. B2Broker considers all of these aspects to provide a comprehensive solution for its clients.
Forex Trade Example: Mastering Fundamental Analysis in Forex Trading
If you are interested in exploring some alternatives to MT4 or MT5, we are happy to show you some options to evaluate. FXCM (Forex Capital Markets) is a leading global online forex trading and CFD broker. Established in 1999, they offer competitive pricing, robust trading tools and premium resources accompanied by excellent customer support. FXCM makes trading simple with its easy-to-use forex trading platforms, including the popular MetaTrader 4 (MT4) and the company’s own proprietary platform, Trading Station. The platform gives you access to over 300 tradable instruments, including forex, indices, commodities, and cryptocurrencies, along with no dealing desk (NDD) execution, meaning faster order execution speeds with no interference from a dealing desk.
Like any other business model, establishing a forex brokerage also requires a large amount of capital to begin with. The exact amount of capital needed will vary based on what kind of platform you want to offer to your clients. But this overall cost can be cut down to a great extent by simply opting for a white label forex solution by finding a broker who provides white label forex services. There will still be some initial setup cost and monthly platform maintenance charges you will have to bear, but it is a lot less in comparison to the capital that you will have to spend for setting up a forex brokerage all by yourself. Forex trading has become increasingly popular in recent years, and many traders are looking for reputable and reliable brokers to handle their trades.
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. That is why you need to choose your country of incorporation and your base of operation carefully. For a more specific list of high-probability candidates, you can access the this section of our fx white label solution website. In our “IB Guide,” we also provide a detailed list of businesses that are well-positioned to succeed in the IB space. They are also referred to as “white label solutions” or “white label programs”. If you have a brokerage that is just starting, white labelling can provide you with the resources and support that you need until our business is self-sufficient to handle everything.
Smart Broker Solutions
Rather, it needs to be transferred to the broker who provides the white label service. For technology providers, white labeling allows them to expand their customer base by partnering with brokers who have an established brand and client base. The partial model provides business owners with no possibility to take deposits (they get access to a trading platform only), while the full model enables clients to get both opportunities.
Essentially, white label forex is a turnkey solution that provides all the necessary technology, infrastructure, and support for running a forex brokerage business. 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.
Forex White Label Requirements and options
The numbers are clear evidence for the rise in the number of traders who are actively engaged in forex trading. Each and every new trader who enters the forex market is a potential client for a forex broker. The forex brokerage industry has also been growing alongside the forex market.