Finally, it is the easiest way for new businesses to enter a new industry. Tradestation, the popular online brokerage, developed its own trading platform? Well, actually, it has a white label agreement with Interactive Brokers. Tradestation focuses on building its brand and attracting new clients, while Interactive Brokers handles the technical aspects of the platform. When it comes to pricing, Soft-FX offers a user-friendly pricing calculator tool that enables prospective clients to get an estimate of the cost of the Forex Broker Turnkey solution.
We will explore the top white-label brokerage providers, guide you on selecting the right broker, evaluate available market solutions, and examine the benefits and drawbacks of white label brokerage. Whether you’re looking for information or references, or want to learn more about white label brokerage, keep reading to find out more. In addition to providing access to the financial markets, a Forex broker can offer other asset classes, including indices, metals, and energies. To add value to clients, many Forex brokers offer client-focused services such as tutorials, bonuses, contests, and investment services like Copy Trading, PAMM/MAM, Liquidity, and IB Modules.
What Is a White-Label Broker in Forex?
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. The solution provider could be a developer as well as an agent between the developer and brokers. The solution is highly customizable, which allows for a quick and easy setup of the broker’s business. Furthermore, the white label service includes detailed documentation for each feature and transparent pricing. IBKR offers free client relationship management tools, full white branding and custom website creation services, flexible client management, and reliable client onboarding processes.
- When entrepreneurs, individuals or organizations looking to start their own trading brokerage, opt for a white label route, they have the technology and infrastructure set up for them.
- Here the forex broker himself is a counterparty for his clients and executes client trades at real quotes received from banks and liquidity providers.
- White Label is a partnership between several companies in which one produces a product and the other brands it and sells it to its customers.
- Eventually, both models have strong and weak points, and a newer broker should decide which solution corresponds with his goals better.
- Many brokers entirely rely on the owners of a trading platform, and that is among the most widespread mistakes.
- With the right approach, you can achieve increased sales and skyrocket your business’ audience.
- This plan features a fixed monthly price, which is particularly advantageous for new brokerages because it enables them to build their clientele and revenue without paying for each new client.
Currently, they serve over 120 banks and brokers and 300+ financial intermediaries. Before diving into the details of the best White Label brokerage companies, it’s important first to define White Label brokerage. White Label brokerage is a business model in which a company uses the services of a third-party brokerage firm to provide trading and investing services to their clients while maintaining their branding. The third-party brokerage firm offers the technology and services, while the company utilizing the service is responsible for modifying and rebranding the platform as its own. The integration of TWS into white labeling allows Forex brokers to offer their clients a well-established and trusted trading platform with a wide range of currency pairs.
Starting a White Label Forex brokerage FAQ
A newer business owner applies to an existing reliable Forex broker to use its trading platform and liquidity, offering services as a new brand. This model gains popularity rapidly, as beginners get high-end support and maintenance on every step. At first sight, Forex is a liquid market, as we are talking about fiat currencies.
Similarly, for brokers, Interactive Brokers offers a turnkey solution providing access to powerful trading technology and advanced trading tools for trading on over 150 markets in 33 countries and 26 currencies. IBKR’s services include pre-trade compliance, real-time market-risk management and monitoring, lower costs with no ticket charges or minimums, and a suite of advanced trading technologies called IBKR BestX. In addition to the features mentioned earlier, Soft-FX’s Forex Broker Turnkey solution provides additional benefits that can aid in the successful launch of your brokerage business. The solution delivery and installation process can be completed within a quick time frame of just 2 weeks. Additionally, you can employ a hybrid business model that combines A-Booking and B-Booking to maximize the profit potential of your brokerage.
Factors to Consider When Choosing a White Label Provider
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. Launch a digital advisor within days and focus on your unique value proposition while we take care of all the technology needs of a modern robo-advisor. Prices come straight from liquidity aggregators, without any market maker interference.
With the right approach, you can achieve increased sales and skyrocket your business’ audience. Today, the White Label model is used in many areas of business, offering a turnkey product that helps save time, money, and effort for the client. forex white label There are many reasons why this model has proven successful, which are presented below. White Label is a partnership between several companies in which one produces a product and the other brands it and sells it to its customers.
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Quick start without significant costs in comparison with starting a company from scratch. A broker may spend significant amounts on technical infrastructure, Forex license and Metatrader 4 or Metatrader 5 trading platform licenses. Working with white-label, he saves his money and gets turnkey solutions. The back-office system, xManager, allows partners to create new clients, execute deposits and withdrawals, observe the live trading activity of clients, and view overall portfolio performance.
