Likewise, compliance requirements around the world have reached nose bleeding heights. In some large countries, like the United States, the level of regulation has escalated to such a point that most smaller brokerage firms, IBs, and white label providers have disappeared from the FX industry altogether. Just because you have the money to brand your own FX platform and start a private label business doesn’t mean you’ll become an instant success (or ever succeed for that matter).
B2Broker is an international company founded in 2014 that assists brokerages and exchange firms in achieving their business objectives. B2Broker’s extensive client base has served over 500 customers, including 298 corporate clients, 170 professional clients, and 32 institutional clients. With a team of more than 380 employees, B2Broker provides top-quality solutions to meet its client’s needs. X Open Hub offers a White Label Forex Solution that allows brokers to differentiate themselves and meet client demand by creating new front-end trading systems using their API. It is no secret that in the first two decades of the 21st century, Forex has seen an exponential increase in regulatory laws.
With SmartStart, Leverate provides a comprehensive solution that includes all the necessary tools and resources to build a successful brokerage from the ground up. Additionally, B2Broker offers a multicurrency-denominated margin account to minimize volatile risks between clients’ equity and brokers’ equity, allowing client accounts in different currencies to be connected to one margin account. X Open Hub is a division of XTB SA that offers white-label solutions for brokers, startups, and banks. They have over 12 years of experience, a team of over 250 IT professionals, and have built over 100 partnerships to deliver top-notch services to their customers.
UpTrader Invest is a White Label social trading platform which is fully integrated with MT5 and MT4 platforms. For a more specific list of high-probability candidates, you can access the this section of our website. In our “IB Guide,” we also provide a detailed list of businesses that are well-positioned to succeed in the IB space.
Client accounts in different currencies which are correlated to each other can be connected to the one margin account. BNB and BTC based accounts can easily work with BTC based margin account with minimal risk on volatility differences between these two currencies, as an example. The estimated costs of starting your own white label forex company can vary from $10,000 USD to $25,000 USD, depending on the extent of the services required of each individual brokerage company. Bear in mind that these costs are directly related to the type of services involved and can differ from service to service. You can exchange foreign currency online with BookMyForex which is India’s first and the largest currency exchange marketplace. BookMyForex provides all foreign exchange related products such as foreign currency notes, forex cards, wire-transfer, traveller’s cheque, foreign currency-denominated demand drafts etc.
This is a fact, despite what certain unscrupulous brokerage firms in the industry would like you to believe. As of the date of publication of this guide, these fees amount to US$5,000 up front per sub-license and US$1,000 monthly to cover the server that’s required for the proper operation of every rebranded MT4 platform. Some brokerage firms charge additional fees on top of this, but most do not. Unfortunately, over the years, many clueless internet ferrets have come to believe otherwise; that a “partial white label” means a free ride in the branded Forex train. When you see the word “partial” applied to a white label solution, it is not referring to a partial/lower fee or a free trading solution of any kind. Whereas a “Full” White Label involves two key components, a branded trading platform and the ability to take deposits directly from customers, a partial solution does not.
In addition to Forex, they offer a comprehensive selection of over 1,000 financial instruments across 7 asset classes, including Crypto Derivatives/CFD, Indices, Energy, Equities CFD, and ETFs CFD. This all-inclusive solution offers a ready-to-go brokerage infrastructure, allowing you to eliminate development concerns and concentrate on marketing. I recommend that until you have good answers to the questions above, you hold off on the launch of your white label.
These platforms provide brokers with a turnkey solution, eliminating the complexities and expenses of custom development. Interactive Brokers (IBKR) offers a white label program for Forex brokers, which allows them to leverage IBKR’s technology and infrastructure to create a branded trading platform for their clients. IBKR’s white label program particularly benefits Forex brokers who want to expand their offering beyond Forex and into other asset classes, such as equities, futures, and options. With IBKR’s multi-asset platform, brokers can provide their clients with access to a wide range of financial instruments, including 150 markets across 33 countries.
- You can ask for a company to be added to the front of the queue for updating, especially useful if the address, directors, or other critical information has changed.
- What trading conditions, such as commissions, markups, swaps, margin and risk settings your clients will have?
- This means the broker has to keep more funds – close to 100% of client funds, on his margin accounts to avoid rejections for client orders due to insufficient funds.
- Multicurrency based margin accounts allow brokers to minimize volatile risks between clients’ equity and brokers’ equity.
- This helps to establish a framework for customer support services and assists with their initial launch.
As the Forex industry continues to expand, more companies seek to enter the market and offer their own Forex trading platforms. However, building a Forex platform from scratch can be time-consuming, complex and expensive. Without significant development resources, businesses and startups may easily and rapidly build their own branded Forex platform by utilizing a White Label solution. White label solutions are cost-effective, and it saves time, improves overall offer to provide a holistic service package, offers a trading platform and range of financial instruments, provides technical and dedicated customer support. The white label goes beyond branded terminals and a platform, it also includes the life cycle of the brokerage.
We are a premium broker solutions provider, dedicated to delivering a wide array of innovative solutions and services that enable Forex brokers and financial institutions to minimize risk and maximize growth. Book your forex order at absolutely live rates in Chennai and get the deal of a lifetime. At BookMyForex, we scan forex rates in your area nearby among 100s of banks and money changers & help you to get the best deal possible. There could be additional charges based on the additional brokerage software and tools you go with. Do check the additional costs with your brokerage solution provider in advance to avoid any unnecessary surprises in the future. When you look for Forex White Label on Google, you find the solutions of just one company in the first 2-3 pages who kind of holds monopolistic position but they are not the only Forex White Label Solutions available for forex brokers.
Leverate is a leading white label Forex provider offering a range of innovative products and services to Forex brokers and other financial institutions. Their flagship product, LXSuite, is a comprehensive suite of trading tools that includes a web-based trading platform, a mobile trading platform, a CRM system, and various other applications designed to help brokers manage their businesses effectively. IBs who move forward with the white label option will be able to offer their customers the most superior platform in the FX market, MetaTrader 4 (MT4). Any business that uses online service provision can consider white label solutions. Hundreds of forex brokers start as white label brokers before they operate as individual entities on their own. Forex brokerages at the start of their journeys are always in a crunch due to tight deadlines and budgets.
This offers the startup the tools it needs for every process including risk and money management, monitoring, client relations, and several others. It is for this reason that many brokers settle for an easy solution by starting as a white label forex broker instead. By renting out a portion of the server of a white label forex broker, start-ups can avoid initial challenges and complications, allowing them to enter the forex trading market easier and faster. The forex industry is constantly evolving and with it its traders and their demands.
In total, the company is connected to 0 other companies through its directors. Consider getting cash currency notes from BookMyForex for the country you’re traveling to. We offer a wide range of major international currencies to meet your needs, so you can travel with peace of mind knowing you’re prepared for anything. The company has 2 directors and no reported key management personnel. A fully branded Forex White Label from Spotware (cTrader White Label) or Match-Trade Technologies (Match-Trader White Label) cost you as low as USD 1000 a month. Forex White Label Cost or price varies depending on which FX White Label Solution you choose and who is the provider.