Best Forex White Label Solution: The Full Rundown

Building a feature-rich platform and integrating powerful trading software is a big challenge for a beginner due to the technical complexities and cost. To become a trusted forex broker, you must be able to offer high-end technology to your clients. Not to forget about the fact that all traders want a low-cost broker that provides solid trading conditions. Satisfying all these requirements at once is not easy unless you have experience, expertise and a huge amount of capital to invest.

Thus, many entrepreneurs abandon this business idea as they are not ready to take the risk. 

But thankfully there is a better option that you can consider as an aspiring broker and that option is known as Forex white label solution. In this blog, you will get to know A to Z details about Forex white labelling and the benefits you get by partnering with Forex platform providers. 

Is White Label Solution The Best Choice for Your Brokerage Business?

In the past, there were only a few brokerage platforms in the forex market. Because ordinary business owners were not able to access this industry due to the absence of knowledge, resources and funds. Even if they had all of these, the process of setting up a brand new trading platform takes a lot of time and effort, ranging from several months to even years if there are delays. You will have to find expert programmers and developers to design an attractive website and platform for your clients. 

You have to do a lot of test runs before the final launch of the platform and getting necessary approvals or licences is essential to operate within the legal boundaries. Many brokers don’t get enough time to work on brand building and promotions as they get too busy with other complex processes that have to be completed for the initial setup. Even after the launch, they are occupied with all the ongoing processes like platform maintenance, back-office processes and more. Thus, they fail to devise a sound marketing strategy. 

It is impossible to survive in the competitive space without focusing on marketing and promotions. You cannot acquire clients as a new broker without establishing your brand name. Because most traders will always choose a popular broker over an unknown broker. A Forex white label solution can save you from all these problems as an established broker will help you to launch your platform in the easiest way possible. The white label provider will let you add your own brand name and logo and do other customisations while launching your brokerage relying on the technological infrastructure owned by them. 

Hence, those who are not sure about building a brand new platform from ground zero can surely consider white label solution as a convenient option. It is the best choice for a beginner who is not really confident about opening and running a brokerage business on their own. You will also get ongoing support from the white label provider and they will be in charge of platform maintenance too. Overall, white labelling can be the best choice for budding businesses venturing into the brokerage industry. 

CFD White Label Provider

When it comes to finding a suitable white label package, you can find a lot of options. For those who want to operate as a multi-asset CFD broker, you need to look for CFD white label providers to offer a wide range of trading instruments through your platform. Besides the forex currency pairs, many traders are keen to explore multiple markets like stocks, commodities, indices and crypto CFDs. Talking about trading softwares, both MT4 and MT5 can be used for trading a diverse range of assets. 

But MT4 is primarily associated with Fx trading and MT5 is mostly preferred by modern traders as it is perfect for navigating multiple markets and CFD trading. While choosing your white label provider, you should also discuss trading conditions and types of accounts. Having options like swap-free accounts helps in client acquisition as Muslim traders are always trying to find halal trading conditions to follow Islamic finance law. This includes avoidance of riba (interest) and refraining from all activities that are haram as per Shaira law. 

Forex White Label Platform – Costs To Consider 

The cost of forex white label solutions varies depending on the technology provider you choose for opening your brokerage. Most white label providers have a quick setup process that can be completed within a few weeks once you complete registration and pay the initial setup cost. After that, you have to pay a monthly amount for platform maintenance. There is a huge difference in the expenses when you are purchasing a turnkey solution instead of building one. However, you need to make sure that you have enough funds for the smooth running of the brokerage business as you cannot expect to make profits right away. 

Benefits You Get By Depending on a White Label Provider

• Superior Technology – One thing that all traders consider while selecting a broker is the functionality of the platform as any technical issue can lead to delays in order execution interrupting the trading process. But when you rely on a white label provider, you can remove such risks as they will be offering tried and tested technological infrastructure which takes months and years to develop when you build it from scratch. This superior technology is also offered at an affordable price to make things easier for an entrepreneur.  
• Quick Start – When you are trying to launch a new brokerage all by yourself, it will be a tedious and time-consuming process as you will have to do all the tasks on your own. Even if you hire a team to work for you, you will have to supervise everything and this again increases the total cost. Hence, you may not be able to start your business in time which may result in loss of opportunities. White label solution allows you to enter the market real quick as you will be using a ready-made technology. 
• Brand Building – Since all the complex processes of running a brokerage can be outsourced to the white label provider, you can give undivided attention to brand building and promotions. You will get a lot of options for customisation and you can surely create a unique identity for your brand new brokerage by devising a sound marketing strategy. Some white label providers will help you out with marketing activities and you will also get guidance for growing your business.

Final Words

In the end, white label solution can be a great alternative for any aspiring broker to launch their own platform through a hassle-free process. Even established brokers can rely on WL providers to take their business to the next level. Such partnership programs are actually promoting healthy competition among brokers as they get to earn together while keeping business rivalry aside. The white label technology is not only beneficial for brokers but also traders as they get a seamless trading experience even with new brokers.