Best White Label Brokerage Providers 2023
Its liquidity solutions have been developed with a focus on high-frequency trading (HFT) systems, making them ideal for handling even the most complex trading strategies. Their Forex liquidity solutions come with competitive trading costs spreads starting from almost zero, margin requirements set at just 1% and execution speed starting from 12ms. B2Broker is an international company founded in 2014 that assists brokerages and exchange firms in achieving their business objectives.
Furthermore, a brokerage company may be designed specifically for certain geographical areas, languages, etc. The more profound your previous market analysis is the higher chances for success you obtain. 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.
Interactive Brokers
Partner with ThinkMarkets today to access full consulting services, promotional materials and your own budgets. You can White Brand the logo, trading system and company name in the Trader Workstation Users’ Guide. You upload the logo and enter all of your White Brand information, including the trading system name and acronym, company name and acronym, and trading tool name on the White Branding page in Client Portal. We take care of all the legal aspects involved during setup to ensure your brokerage operations are completely legitimate.
Fortunately, there are still several countries that apply a more lax regulatory framework against which you could set up your white label forex brokerage. It is still necessary though, even in such cases, to be aware of the difference between your place of incorporation and the actual base of your operations. In other words, remember that it is possible to be incorporated in one location and have your base in another. However, it is not all gloom provided you approach all legal and regulatory matters with due caution and care, without taking rash or impulsive decisions.
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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. No, it doesn’t offer the platform branding possibilities of a full or partial white label, but when it comes down to the nitty-gritty, an IB business can make as much or even more money than a private label setup. An introducing broker does not have any initial or monthly platform fees to pay and doesn’t have to worry about the nuisances that accompany the processing of customer deposits and dealing with potential compliance/legal issues.
This may not be a big deal if you already have a strong, established brand in another complementary market (e.g., financial blogs, gambling sites, etc.) and simply want to extend that brand to FX without dealing with the additional hassles of processing deposits. However, if your objective is to appear as a full-blown broker and not let your customers know who the actual brokerage firm behind the platform is, this arrangement becomes very disadvantageous. To achieve anonymity between your clients and the platform provider, you need to accept deposits yourself. Founded in 2008, Leverate is an established technology provider in the brokerage industry, offering innovative solutions for Forex, CFD, and crypto brokers. Their flagship product is LXSuite, an all-in-one platform encompassing web and mobile trading, CRM, and other tools. Axi is a reputable, well-regulated, and large brokerage that offers white labelling to other financial start-ups.
White Label Forex Trading Platform Costs
To obtain an accurate quote, it is necessary to contact IBKR directly and discuss the requirements. The application review process takes approximately 2-3 weeks, and initial funding of $10,000 must be deposited into the account, which will be applied towards the first five months of commissions. When integrated into white labeling, the platform’s features and benefits are still available to the broker’s clients, but with the added advantage of having the broker’s brand front and center. The traditional scheme of brokerage with the use of a single margin account, based on the most popular clients’ base currency. This scheme works with small volatility risks on basic fiat currencies, but has a huge volatility risk with crypto and exotic currencies. ETNA Trader is an all-in-one solution for brokerages focused on self-directed investors and commission-free trading.
We take care of the crucial behind-the-scenes tasks, allowing you to focus on growing your business and delivering exceptional service to your clients. We act as your trusted assistant, communicating with your clients on your behalf. From answering inquiries to providing updates, we ensure that your clients are well-informed and supported throughout the entire buying or selling process. By maintaining open lines of communication, we enhance client satisfaction and reinforce your professional image. 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.
Partial and full WL models
The total cost of setting up a white label forex brokerage is between $15,000 and $25,000. The WL model you choose will have an influence on the final outcome (full or partial). It is white label broker undeniably less costly than the $500,000 necessary for a normal ownership plan. This is one of the key reasons why novices prefer to engage with a reputable white label provider.
To help you evaluate if you are truly ready to jump on the bandwagon then, here are three reasons you shouldn’t just yet go there. Don’t do it if you don’t have enough funds, if you have no experience in forex matters whatsoever, or if you cannot deliver that something extra, the wow factor that will help you stand out and effectively be differentiated from the rest. Let us discuss these three concerns a bit further to better illustrate how you can know for sure if you are ready or not.
White-label Broker
If you don’t understand what is going on and how the game is played, you should sit it out. And the learning process takes time and effort so don’t even contemplate that you can become a top-notch broker overnight. Of course, getting hold of your part of the MT4 platform comes with a fee, both in the form of an initial upfront payment as well as a recurrent monthly installment, since all licensed brokers need to pay this fee to MetaQuotes for every white label they sublicense. It is not possible to name exactly the height of these fees, firstly because they do change over time and secondly because they depend on the kind of agreement you will strike with your white-label solution provider.
- As a counterparty to customer transactions, a lessee is required to engage in separate transactions with a lessor, who serves as a financial insurance provider for the lessee.
- This burnout became a catalyst for change, leading me to realize that there had to be a better way.
- Nowadays the market movements gradually became smaller, the proportion of the cost grew up and affected the revenue for the traders.
- 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.
- If your clients deposit their money with the brokerage firm you work with (instead of with your firm directly), they’re going to find out who the real broker behind the platform is (even though the platform is stamped with your logo and company name).
However, the monthly fees can vary depending on the services requested and the level of customization needed to offer the desired services to clients. In addition to the desktop trading platform, X Open Hub offers a mobile app called XOH Mobile that offers complete account management, graphs, and other vital tools required for real-time financial trading. With White Label Broker, I aim to provide the comprehensive support and assistance that brokers need to reclaim their time and achieve greater success.
Client Communication
If you’re going for a solution that includes trading platform access and technology, prices will reduce significantly. Your financial budgeting is individual, set to change, and should be negotiated with the company you’re set on working with. Tickmill Prime is a liquidity provider and prime broker that caters to institutional clients and professional traders. They offer MT4 white label solutions to financial institutions looking to establish and grow their Forex and CFD trading businesses for a setup fee of $5,000 and a monthly fee of $1,000. Similarly, you shouldn’t start a white label forex brokerage if you have no experience in forex matters.
