The forex market has millions of active online traders throughout the world. The currency market is functional for 24 hours throughout the weekdays, allowing anyone and everyone to participate in trading irrespective of their location and time zone. Hence, stepping into the forex world as a new broker can open up a lot of business opportunities on a global level. But most people believe it’s near impossible for a beginner to own a forex brokerage as the amount of investment needed to launch a brokerage or trading platform is huge for a newbie.
That’s why we have brought this informative guide where you can learn about white label forex solutions with which you stand a chance to become a trusted forex broker with minimum investment.
White labelling is a popular practice allowing new businesses to establish their brand name with minimum investment. With white label solutions, a new business gets to sell the product or service offered by another leading business as their own, under their brand name. This is a very economical solution for easily entering the business world. White label forex is also quite similar as an established popular brokerage allows the new broker to use their platform and technology for providing trading services to their clients. The technology provider broker will keep the new broker customising the platform and brand it as their own.
With white label forex solutions, the cost of setting up a brokerage and trading platform will be greatly reduced as you just use a readymade solution to build your brand. There is no need to develop these software systems from scratch, and the software and website used by a leading broker will be way more efficient and reliable than a new website. You won’t need to hire technicians and developers as your primary broker, or forex white label provider will carry everything from setup to platform maintenance.
But, if you go down the traditional route of setting up a trading platform all by yourself, you will have to buy a licence for offering MT4 and MT5 solutions to clients and most of the time, purchasing these standard trading softwares as a brokerage will result in heavy cost burden. When it comes to forex white label packages, MT4 and MT5 trading platforms have become a lot more affordable, as they are already integrated with the top brokerage you choose as your white label provider. It’s a win-win for everybody since new brokers don’t have to include them separately, and traders can also trade any instrument on the best trading platforms. Hence, those who wish to integrate MT4 and MT5 platforms with their broker websites can surely consider the whitesolutions that fit your requirements.
The total cost or price that you pay for a white label solution will vary depending on the broker you choose and also the number of services offered by them. There will be an initial setup cost and monthly platform maintenance that needs to be paid by the new broker. The forex white label solutions are the most affordable compared to the capital investment needed to start as an independent broker without any backup.
But this does not mean white label solutions are cheap, as running any type of business will incur some cost in one way or another. But the most cost-effective white label solutions would cost around $10,000 in the first stage, which includes the initial setup cost and platform maintenance charges.
Firstly, white label forex solutions cover everything related to the technicalities of trading platforms, including providing a fully functional white label trading platform and IT infrastructure. The platform is already tried, tested and used by many traders. Hence, you can feel at ease that your clients will get the same seamless trading experience that the clients of this top broker have been getting.
Since all other aspects of launching and running a trading platform, customer support and more are handled by the white label provider, you get more time to focus on branding and promotional activities to expand your client base as a new broker. Some white label providers also have training programs for new brokers and will also assist you in branding, platform customisation and promotional activities. Building a brand name and image is crucial for attracting traders to your platform, and white label forex solutions make it easier for you.
When you start a new brokerage, doing everything on your own will take a lot of time, and the cost burden will also add up, making the initial setup process challenging for a newbie. But forex white label solutions allow a beginner to launch their platform sooner, that too with minimum investment.
To sum it up, starting a brand new forex brokerage and making it a successful venture takes work for everyone. But choosing the right white label provider can make the process a lot easier and unambiguous for a beginner in the forex brokerage industry. Forex white label solutions are perfect for a new brokerage to get started with minimum investment and an experienced broker to guide you throughout the process. With the support from a reputed and top-tier white label provider, you will surely find your own footing and get success as a forex broker in the long run.
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