Conveniently packaged as platform-as-a-service ETNA Trader removes the burden of maintaining costly IT teams and infrastructure. In summary, choosing the right White Label provider is essential for the success of any brokerage. By partnering with a reputable and reliable provider, brokers can leverage the provider’s expertise, technology, and resources to establish a competitive presence in the market quickly. Over 20 years of White Label experience providing tailored off-the-shelf and customized solutions, enabling licensed financial institutions to expand their product offerings with full client control. Beginner business owners cut their costs, as they leverage the White Label trading platform, facing no necessity to purchase the product. FX daily trading volumes have surpassed the mark of $7 billion, while the overall market’s worth is moving towards $3 quadrillion.
For example, small retail traders will most probably prefer to use a credit card or electronic wallet, while more professional or institutional clients, who fund their accounts with larger amounts, are likely to fund their accounts through wire transfers. To be able to accept deposits then, you will need to have in place the apparatus through which to process them, that will be secure and reliable. Moreover, and besides being able to accept payments online you will also need a merchant account in which these funds will be deposited. But banks consider forex brokerage a risky business, so they might not easily grant you the opening of such an account or they may charge you disproportionally high processing fees.
Best Forex White Label Providers 2023
Regulated UK White Label provider offering multi-asset liquidity and advanced trading technology to financial institutions and retail brokerage firms worldwide. Before diving into the details of the best White Label brokerage companies, it’s important first to define White Label brokerage. White Label brokerage is a business model in which a company uses the services of a third-party brokerage firm to provide trading and investing services to their clients while maintaining their branding. The third-party brokerage firm offers the technology and services, while the company utilizing the service is responsible for modifying and rebranding the platform as its own. The potential earnings of a white label MT4 broker vary based on client base, trading volume, fee structure, market conditions, competition, costs, and value-added services.
They efficiently oversee around 90% of operational procedures, including technical infrastructure management, risk minimization, security measures, customer support delivery, and billing efficiency monitoring. While the cost of the white branding fee is not disclosed, it can vary depending on the level of customization required and the specific needs of the broker. To get an accurate quote for the white branding fee, you need to contact IBKR directly and discuss your specific requirements with them. The application review generally takes 2-3 weeks, and we noted that they require $10,000 to be funded into your account, which will be applied towards your first five months of commissions. Nowadays the market movements gradually became smaller, the proportion of the cost grew up and affected the revenue for the traders. Obviously, this market needs some mechanism to hold the balance, otherwise, no trader would like to trade with the high cost and high risk.
Starting a White Label MT4 brokerage FAQs
This includes the ability to offer trading services for various financial instruments, such as stocks, commodities, and indices, giving you the flexibility to provide your clients with a diverse portfolio of assets and attract more traders to your platform. 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. Starting a Forex brokerage involves various aspects that business owners need to consider, such as legal, marketing, sales, operations, finance, liquidity, and technology. B2Broker considers all of these aspects to provide a comprehensive solution for its clients. The white label service includes detailed documentation for each feature and transparent pricing, with a one-time setup fee of $5,000 and a monthly support fee of $2,000.
- Leverate is a leading white label Forex provider offering a range of innovative products and services to Forex brokers and other financial institutions.
- The budget issue is entirely individual and should be discussed with a company you’ve fixed on.
- Founded in 2008, Leverate is an established technology provider in the brokerage industry, offering innovative solutions for Forex, CFD, and crypto brokers.
- It is equally true however that many such ventures, soon fail dismally, especially if they were ill-prepared and based on the wrong assumptions or an overestimation of one’s true condition and real circumstance.
- Possible payment solutions
Traders need to obtain convenient ways to deposit and withdraw their funds from your company.
- To obtain an accurate quote, it is necessary to contact IBKR directly and discuss the requirements.
- The potential earnings of a white label MT4 broker vary based on client base, trading volume, fee structure, market conditions, competition, costs, and value-added services.
It also offers an advanced toolset, including Stop Loss/Take Profit, Pending Order, Trailing Stop, portfolio management & technical analysis tools. Using a white label Forex broker can offer many benefits, regardless of which business model you choose. It can help you save valuable time and resources while enabling you to concentrate on building your brand and delivering top-notch customer service. Let’s look at some of the pros and cons of working with a white label Forex broker. Here the forex broker himself is a counterparty for his clients and executes client trades at real quotes received from banks and liquidity providers. As well as buying a trading server, you would need to hire at least 10 specialists to service them and handle other aspects including hosting, plug-ins, infrastructure, liquidity providers and round-the-clock technical support in several languages.
The Costs of Running a White Label Forex Brokerage
It’s challenging to predict specific earnings, but effective marketing, customer service, and business growth strategies are key to maximising potential earnings. Developing a comprehensive business plan and seeking professional advice can provide valuable insights. Tickmill Prime is a globally recognised Forex and CFD liquidity provider, catering to institutional clients worldwide. They also offer MT4 white label platform solutions, allowing brokers and financial institutions to establish and expand their Forex and CFD trading businesses swiftly and cost-effectively. If you are interested in becoming an MT4 white label partner with X Open Hub, you can get in touch with their sales department to explore the MT4 white label proposal.
There can be different scenarios of partnership, but the broker has to pay for customization and rebranding in all of them. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial. Interactive Brokers provides the ability for Brokers and Professional Advisors to white brand the Contract Database on the IBKR website by entering information in Client Portal. Part of the information you enter includes links to two images that you create – a leftmost image that must be 244 x 58 pixels and rightmost image that must be 371 x 58 pixels – and a link to your own stylesheet. Each while label is therefore tailor-made for partners, offering them the best opportunity to not only maximize their earning potential but providing them with an ideal environment to do so. A deep pool of institutional liquidity will satisfy even the most sophisticated traders you serve.
Specialties of Our Liquidity Provider Partners
White label solutions are widely used in different industries, including finance, technology, and marketing. In the end, it’s important to choose a provider that offers transparent pricing and comprehensive services to help you manage costs. When evaluating different white label providers, make sure to ask about all of the fees and services included in the package, as well as any additional costs that may arise. This allows new brokers to offer this popular Forex trading platform to their own traders without having to purchase a full MetaTrader server license. Some benefits of the platform include access to a wide variety of signals and indicators, easy segmentation of traders into groups, integrated economic calendar and financial news, customization options, and availability on desktop, web, and mobile devices.
There are many “go-to” traditional platforms that can be implemented in your white label solution. However, bear in mind that these benchmark platforms may not be progressing as quickly as forex traders are. Many traders are looking for user-friendly and highly intuitive platforms with Social Trading capabilities, chart interaction and analysis, and fast and efficient order placement capabilities to keep up with the fast-paced moving markets.
Advantages and Disadvantages of White Labeling
Instead, the new start-up broker pays a monthly fee for the white label service provision along with a small set-up fee for the installation and configuration. 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.