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Forex White Label Guide Making Your Own Brokerage Work

We are a premium broker solutions provider, dedicated to delivering a wide array of innovative solutions and services that enable Forex brokers and financial institutions to minimize risk and maximize growth. Among the advantages that Sirix has to offer both brokers and traders, an additional element that the Sirix trader brings to brokers is the option for brokers to add their own logo and design scheme for a consistent brand identity. The future of trading has evolved and continues to grow and reach new levels, and brokers look for the revolutionists. In order to stay ahead of the game, brokers are constantly looking for new ways to differentiate themselves from their competitors. The foreign exchange (forex) market is one of the most volatile and dynamic markets in the world. It is the largest financial market globally, with an average daily turnover of over $5 trillion.

  • The white branding fee for IBKR is not disclosed and can vary depending on the level of customization needed and the broker’s specific requirements.
  • The white label provider (original brokerage) will provide the trading platform, often with customization options so the third party (new brokerage) can apply its branding, logo, and design elements.
  • When you see the word “partial” applied to a white label solution, it is not referring to a partial/lower fee or a free trading solution of any kind.
  • Beginner brokers are charged fees (fixed price and/or fees from trading volumes).

It allows you to swiftly launch your company by utilising current technology and infrastructure rather than creating a trading platform from afresh. As a final thought, the most popular white label providers have partnered with MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Although MT4 and MT5 are the most recognized trading platforms in the forex trading industry, there are other forex white label software providers besides MetaQutoes to consider.

Interactive Brokers is a well-known brokerage firm that offers trading services for forex, stocks, options, futures, and other financial instruments. They offer a robust platform with advanced trading technology that appeals to experienced traders and investors. With low margin rates and tight spreads, they strive to provide their clients with competitive pricing. Overall, white labeling can be a valuable tool for forex brokers who want to offer a complete trading solution to their clients without having to invest heavily in technology and infrastructure.

Given the fact that most brokers nowadays tend to absorb the credit card fees on client deposits anyway, this will become an added cost for your business initially if you do the same. In either instance, the trading platform can be branded with the trading firm’s logo. The main difference is that the full white label can directly manage the client’s funds, while the partial white label cannot receive the client’s funds.

Saxo Bank is a well-established forex broker that offers access to multiple markets, including stocks, bonds, forex, and futures. The platform offers advanced trading tools and features that cater to both beginner and professional traders, such as news feeds, economic calendars, and real-time market data. Saxo Bank’s white label solutions have a great reputation among banks and other businesses seeking fx white label solution to offer investors access to a broader range of financial products under their brand name. The platform has received numerous industry awards for its innovative technology and user-friendly interface. White label forex is a business model that allows individuals and companies to offer forex trading services under their own brand name, without having to build and maintain their own trading platform.

What is FX White Labeling?

On the other hand, an introducing broker (IB) program involves partnering with an existing broker to refer clients, earning a commission on their trades. The IB doesn’t need to fund the infrastructure or manage operations, reducing its financial risk. Today there are multiple pathways for individuals and businesses to launch a brand, with ‘White Label broker’ and ‘introducing broker’ being the two main methods. These approaches enable market access with various commitments, investments, and possible return levels. The following strategy enables businesses to provide high-quality services without spending time internally developing them.

The estimated costs of starting your own white label forex company can vary from $10,000 USD to $25,000 USD, depending on the extent of the services required of each individual brokerage company. Bear in mind that these costs are directly related to the type of services involved and can differ from service to service. It is a comprehensive financial platform that is accessed by thousands of brokers all over the world.

Fortunately, there is the golden middle – get a White Label Forex company,
partnering with reliable providers of FX technologies. For example, in the USA new entrants to the market who are just starting out as a white label brokerage cannot fulfill certain requirements for brokerage work . Meanwhile, Germany’s Federal Financial Supervisory Authority (BaFin) stated that 48% of European brokers are licensed in Cyprus, and only 29% have local German licenses. A white label in Forex is an affiliate program, according to which a solution and infrastructure provider transfers it on a paid basis to the founder of a new brokerage company.

In general sense, it is a business strategy when a firm buys a product or service from a supplier and then rebrands it to seem like the company produced it. Find a provider company

The foremost concern is to find a reliable company that offers WL solutions for FX brokers. Glance over the reviews and brief characteristics of a primary broker to understand whether it is worth dealing with or not. Compare prices and packages offered by diverse providers to come up with the best decision.

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. The competition level is high enough; this said excellent products functioning appropriately should be sent to the market only. The process required high-end promotion to attract traders’ attention to your product.

B2Broker is an international company founded in 2014 that assists brokerages and exchange firms in achieving their business objectives. B2Broker’s extensive client base has served over 500 customers, including 298 corporate clients, 170 professional clients, and 32 institutional clients. With a team of more than 380 employees, B2Broker provides top-quality solutions to meet its client’s needs. X Open Hub offers a White Label Forex Solution that allows brokers to differentiate themselves and meet client demand by creating new front-end trading systems using their API. X Open Hub is a division of XTB SA that offers white-label solutions for brokers, startups, and banks.

What is white label forex broker?

The author has worked with several renowned Forex clients such as IC Markets, Oanda, and CBOE Holdings, enhancing his proficiency and insight in the field. I recommend that until you have good answers to the questions above, you hold off on the launch of your white label. Simply put yourself in your clients’ shoes and come up with a convincing list of incentives that will convince your customers to do business with you. If you plan on having a physical location to meet or train clients, you need to factor in office leasing costs, occupational/licensing fees, security expenses, etc.

Consequently, we need to understand what is considered under the process of taking deposits, and why this factor is important enough. The first way allows sub-licensed brokers to process clients’ deposits on their own, and the second model shows that all deposits will be processed through the main brokerage company. A Forex White Label provider offering The TickTrader Trading Platform, along with multi-level liquidity, functional back-office, and other tools, to simplify the journey of a startup brokerage. One more possible solution for business owners who have just entered the market is
UpTrader, a company that primarily focuses on CRM systems for FX brokerage companies. On top of the turnkey solution, the company suggests brokerage companies integrate some products. The endless circle takes place – either to spend much money to implement next-level technologies, or to face traders’ outflows when your competitors provide them with better features.

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