Costs directly depend on the scope of services you are going to order. For instance, some companies suggest turnkey Forex broker solutions, and this service includes all the stages, starting with a company creating. While talking about access to a trading platform, prices change drastically. The budget issue is entirely individual and should be discussed with a company you’ve fixed on. Thus, a solution and infrastructure provider is called white-label provider. The white-label provider allows a new brokerage company to enter the international financial market under its own brand or to expand the range of provided services for the account of a prime broker.
Speaking of WL Forex solutions, it is worth mentioning that the usability of the trading platform and its components directly affects the degree of interest of users in continuing to trade with a particular Forex broker. At first sight, Forex is a liquid market, as we are talking about fiat currencies. If to switch the attention to brokerage companies, the liquidity is referred to the depth of the order book.
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Since there is a growing number of forex traders, credibility and reputation are what you need to succeed in this field. White label solutions are very popular in forex because they offer a great reputation. In a competitive market, being a forex broker white label will give you a competitive edge. You are likely to attract more customers than other brokerage companies that are developing their own platforms. Some might argue that a more cost effective alternative is to go with a different platform, one that a broker might be willing to offer you for free.
The solution provider could be a developer as well as an agent between the developer and brokers. The products and services offered in this brochure are for professional clients and eligible counterparties clients only, who are deemed to be aware and accept the risks of trading using margin. As well as issues of market access and liquidity, compliance, and licensing, are hurdles that all new companies have to overcome.
Company
But don’t count mainland China in – they don’t allow margin trading there. Planning a Business Model – To set up a robust forex brokerage company, an individual should conduct a proper market survey by studying various competitors beforehand and evaluating the target audience. It is also essential to determine the funds that might be required for setting up and scaling the business in the future. If you find a good white label partner for your FX brokerage platform, you will enjoy a wide range of networking benefits.
- At the same time forex white label brokers do not have to be worried to set up and maintain server with server locations and stay up-to-date at different corners of the globe.
- But don’t count mainland China in – they don’t allow margin trading there.
- In the forex market, white labeling is used for trading software, platforms, and other additional services that brokers may offer.
- Initial cash burn, marketing strategies, software requirements, registration and incorporation processes – everything depends on your choice of a target market.
- This said you need to take your WL provider’s and your own business’s location into account.
- Though the hassles of licensing and incorporation is also a big reason, the cost factor definitely takes the cake.
- Because of this common misconception, people often choose to become an IB instead of taking a chance and trying their luck at achieving genuine success.
If you buy the MT5 Full License and manage the MT platform and servers by yourself, you pay around $15K per month. But your business is absolutely independent and you can do anything. As the business grows, it is never late to switch to the server-owner model. A company registration procedure may cost $1500 – $ , depending on a certain jurisdiction. There is a register of forex companies that ensures the reliability and transparency of operations carried out under the supervision of the regulator, the National Bank of the Republic of Belarus.
Which is the best trading platform for a white label forex brokerage?
According to statistics, 90% of FX traders face losses, and the other 10% experience regular profits. Meanwhile, this market’s opportunities are always attention-magnets for millions of professional and beginner traders. In order to stand out in the market, the broker has to create something special besides the technical equipment. All the above-described models have their own pros and cons, depending on the goals and objectives of white-label brokers. The white-label provider supplies the MT4 and MT5 server segment, software, mechanism for conducting transactions on the external market, reliable backup system, building of a global access server network, etc.
You will be able to access the latest technology of the MetaTrader 4 . You can be sure that your trading platform will always be outstanding. All this happens while you do nothing but engage in business with another company. A major benefit of white label branding is that it saves companies time, energy, and money in terms of production and marketing costs. It is https://xcritical.com/ 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.
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Because of lower transportation costs, the retailer could sell the product for less and still reap a bigger profit margin. This is an area where we recommend that you invest time and money to get it done right. Many potential clients will take only seconds to judge your business. Whether it’s education, helpful tools, or anything else that your clients will appreciate, focus on offering your customers value.
For example, Whole Foods Market’s “365 Everyday Value” line of products. 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. Dedicated and direct customer service and specialized technical service. Gain Capital forms part of StoneX Group Inc which is regulated in several jurisdictions around the world. This guarantees that start-ups partner with a well-regulated provider that strives to meet the highest standards of both transparency as well as governance.
What is White Label Forex and What are Its Distinguishing Features?
It’s not that difficult, but regardless, we’re here to make your life easier. We can analyze your branding initiative and either give you our seal of approval or steer you https://xcritical.com/blog/top-5-trading-platform-design-features-to-improve-user-experience/ in a different direction. You would not expect to become a successful brain surgeon without first going to medical school and practicing on a lot of animals, right?
Decide what asset classes you will offer
It is a practice where a white label service provider develops an FX trading platform and presents it to another business for usage. On one hand, it could lead to better execution, as trading platforms will become more integrated with one another. Take note that aside from HSBC, Oanda is also currently providing its services to RBS and the ABN Amro group. The more that big banks tie up with the same brokers, the more liquidity and better execution we see in the markets.