Trading Forex is notoriously tough, particularly for newcomers, due to the high concentration of firms in the field. In order to compete, newcomers must provide a greater value proposition, such as ultimate functionality or high levels of security. The more trading alternatives traders have, the more money company owners have to spend.
Either you spend heavily on next-generation technology, or you risk losing customers to rivals that provide greater features. A White Label solution supplier offers ready-to-use Forex technology. This is wonderful news for traders.
Why is the White Label approach a good place to start?
New company owners may save time and money by getting a turnkey solution that includes everything they need. In order to offer new goods or services to the public, respected firms make certain that all of the components are in place to make them work as a cohesive unit.
What are the primary benefits of dealing with a White Label FX broker?
- Business owners get high-end solutions at every stage of the process, including licensing, liquidity, and trading platforms.
- The strategy saves money since White Label goods are less costly than licensed products (a licensed MetaTrader 4 platform costs $90,000, whereas a White Label trading platform costs between $15 and $15,000, depending on the package).
- The goods deployed are updated on a continuous basis by WL brokerage companies.
- Newer brokers have 24-hour, seven-day-a-week access to technical support to aid them in overcoming any challenges or problems they may have.
The employment of this method is beneficial to your organization and is a great starting point; however, business owners should be aware that many firms offer a ready-made brokerage service. You still haven’t made up your mind about which one you like. Below you’ll find a ranking of the top five White Label solution providers.
B2Broker
When it comes to B2Broker, nothing is more important than achieving the highest level of customer satisfaction possible. Brokers using WL have access to cutting-edge tools that will help them take control of their respective markets.
White Label MetaTrader (4 and 5) are offered to company owners in part because of their significance in the industry. There are dozens of trading instruments, tools, and timeframes available in these MetaTrader versions.
It is possible to access the world’s largest liquidity pools with B2Broker, which means that traders will never have to worry about wide spreads or price slippage again. Market makers, prime brokers, and other essential participants make up the Prime of Prime Liquidity Pool. This eliminates the need for traders to cope with wide spreads or price slippage.
Premium payment providers, like B2BinPay (a bitcoin payment solution), are available as well, which might help your brokerage reach new heights. As previously mentioned, an FX broker must have the above-mentioned components, but it also understands how important internal operations are, which is why business owners receive a B2Core CRM system that interacts with both leads and active traders.
Soft FX
A full-service Forex broker with multi-level liquidity is available to corporate customers, as is an intuitive trading interface and a simple back-office. Due to the company’s products, customers get access to up-to-date high-end software. Soft FX, a newcomer to the foreign exchange market in 2005, has grown and innovated ever since.
For registered traders, company owners have access to a matching engine and liquidity aggregator linkages that help them make the most of their trading. To maximize their revenues, turnkey brokers combine the A-book and B-book business models.
According to the company’s website, Soft FX may be able to merge the Zoho and Microsoft Dynamics CRM systems in terms of external services. If more solutions are necessary, they will be linked by professionals. There are more than 60 different payment methods available to brokerage companies. This business does not accept payments in cryptocurrency as a form of payment.
In addition to offering a turnkey solution, the business also offers advice to brokerage companies on how to use certain items.
Leverate
Leverate is a financial technology business with a well-known brand in the financial solutions sector. The LXSuite bundle includes everything a new Forex brokerage needs to get off the ground. Everything you need to know about operating a brokerage company may be found here.
According to the business, there are three WL trading platforms to pick from: MetaTrader 4, 5, and SIRIX. Traders are attracted to brokers because they have a unique website and a sophisticated customer relationship management system. When you use Leverate, you can integrate all of the essential payment methods while also offering your customers a wide range of trading alternatives (e.g., Copy Trading). If you’re in need of liquidity, business owners may choose from a wide range of liquidity pools.
Customers may use the supplier’s capabilities on Android and iOS mobile devices.
Additionally, the technical support staff is available around the clock, seven days a week, with qualified operators standing by to assist clients with any issues.
X Open Hub
By using X Open Hub’s groundbreaking XOH Traders trading platform, businesses can offer their consumers a variety of trading tools and trading styles. Brokerage firms may utilize this platform as a White Label option to advertise their products under their own brand.
Open Hub’s connection to massive Tier 1 liquidity pools is well-known, allowing traders’ orders to be executed immediately. This is in addition to the fact that it has a strong emphasis on liquidity across many asset classes. Liquidity may be recommended as a standalone product or as part of a broader complex, depending on the circumstances.
In addition to payment providers and CRM systems, a turnkey solution does not contain any additional technologies.
UpTrader
Another option for newcomers to the market is UpTrader, a business that specializes in CRM systems for foreign currency trading enterprises. In order to make it easier for new traders to get started, UpTrader has released the UpTrader Web Terminal, which offers everything from a powerful CRM system to a user-friendly and low-cost trading platform to multiple business models (A Book / B Book).
This brokerage solution reflects the proverb “cheap and cheerful” in terms of ambitions and goals. Getting started with UpTrader is a cinch; the whole process takes no more than five days.
Because of this, you will learn how to establish a Forex business. The above-mentioned companies provide a favorable business climate for successful entrepreneurs.
