How to Start White Label Forex Brokerage? Step by Step Guide

Our network is used by over 2,400 buy-side client organizations worldwide, including global and regional corporate treasuries alongside several hundred commercial and private banks and major asset managers. White Label and in-House trading solutions provided by 360T have been adopted by major international companies to link request and transaction flow through a central trading desk. 360T has a global presence with customers in more than 75 countries and offices in Europe, America, Asia-Pacific, India and the Middle East.

X Open Hub offers business owners their innovative high-level product, XOH Traders, a trading platform to empower clients with advanced trading features, tools, and modes. White label brokers cut setup costs and typically generate revenue faster and more efficiently with less hassle– they make a commission on each successful transaction. The more shares that a trader trades through the broker, the more money the broker makes – and the more traders the broker services, the more money he makes. For this, earing as a white label brokerage is more cost-efficient for a starting Forex broker business venture.

I Don’t Think a White Label Solution is for Me – What are my Other Options?

With SmartStart, Leverate provides a comprehensive solution that includes all the necessary tools and resources to build a successful brokerage from the ground up. The example above contains one margin account based in US Dollars, and a lot of client groups based in different currencies. In this case, brokers will operate with the US Dollars only, but their clients have diversified portfolios which drive the broker to take a risk from the volatility of clients’ base currencies. As a leading technology provider that partners with major FX market participants across the globe, 360T has access to a deep well of expertise and insight into this constantly evolving industry.

This model gains popularity rapidly, as beginners get high-end support and maintenance on every step. 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. 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.

Offer of the month

The company offers business clients a turnkey Forex broker that includes multi-level liquidity, convenient and functional back-office, and an effective trading platform. Soft FX entered the Forex market in 2005, and since then the company has been working on improvements and innovations. 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. It may be hard to imagine, but many top-rated forex brokerage firms initially started as white labels. The reason is very simple, and it lies within the fact that when starting a forex brokerage from the ground up, it can be a very complex venture that involves a lot of financial, legal, and technical complications.

Where investing is concerned, if things go wrong, they must be fixed quickly, or brokers could risk losing their clients’ funds and trust. While looking into Sirix and other competitors in the field, the important factor in choosing a platform is finding one that will make any trader feel at home. Execution capabilities are important, while the dashboard, indicators, white label forex brokerage and analysis features are crucial components for your traders’ user experience and trading abilities. Be sure to do thorough research and find a WL provider with a platform that will be suitable for your traders’ needs. The package also includes payment solutions, such as a broad network of global PSPs and additional payment solutions, as well as a CRM system.

Starting a White Label brokerage FAQ

It is generally advised to find a provider that’s registered in a jurisdiction that has a certain degree of regulation that protects your platform, but isn’t too strict to a point where it stifles growth. For the third party, going for a white label solution is often more cost-effective than building a trading platform from scratch. In a highly competitive environment, white label solutions provide startup brokers with the perfect solution to get them off the ground. When an individual or group decides to start a forex broker from scratch, they will be required to purchase a significant number of licenses such as trading platform and liquidity bridge licenses, amongst several others. Each piece of software may not cost that much, but it can add up to large sums.

The platform also includes Microsoft Cloud for full scalability and security, real-time redundancy set, and incident management. In the forex sector, “white label solutions” refers to a fully supported product or service produced by one business but offered by another. A company can brand a white label trading platform as their own when they use it. This indicates that they can offer their clients the software or platform under their brand name even though they did not create it themselves. The largest and most liquid financial market in the world is the foreign exchange (Forex) market. Many businesses are considering white label trading platforms to improve their business operations and service offerings in response to the rising demand for Forex trading solutions.

White Label Trading Software Programs’ Advantages

It is a ready-made solution created by one company but rebranded and sold by another. With X Open Hub, becoming a Forex broker is easy and can be done in less than two weeks with their express start-up package, which includes a trading platform, an intuitive back office system, and access to their premier liquidity. When it comes to pricing, X Open Hub is flexible and allows you to choose the services you need, so you can manage your expenses.

• They offer a robust platform with advanced trading technology that appeals to experienced traders and investors.
• These companies offer traders all the things that the platform it uses has to offer.
• The traditional scheme of brokerage with the use of a single margin account, based on the most popular clients’ base currency.
• Similarly, for brokers, Interactive Brokers offers a turnkey solution providing access to powerful trading technology and advanced trading tools for trading on over 150 markets in 33 countries and 26 currencies.
• At the same time, the Forex broker offers essential technology, liquidity, and back-office support.
• These services enable partners to integrate with the capital markets infrastructure, handle client authentication, access multi-asset liquidity with back-office services, and manage their accounts effectively.

As for the company that is on the other end of the agreement, it saves money by getting a pre-made, proven platform according to which a broker can be developed a lot easier. The best thing, however, is that the Forex trading White Label platform drastically cuts down the operational costs. In most cases, the White Label brokers pay a certain amount of fee, which mostly tends to be floating depending on the turnover. The reason for this is that both of the sides that participate in the agreement get some advantages from the process. For the developers of the software, it can be viewed as a promotion without any costs.

White Label Brokerage Company Game Plan

While talking about goals and objectives, this brokerage solution matches the definition of “cheap and cheerful.” UpTrader makes it easy to enter the market – the implementation procedure duration starts from 5 days. This is why WL brokers are equipped with next-level solutions to conquer the market. Smart Broker Solutions is an all-encompassing White Label solution provider that offers a wide range of features and advantages, including a MetaTrader 4 and MetaTrader 5 White Label License. White label solutions are not only cost-effective, but they help start-ups save a lot of time that would have been dedicated to selecting, evaluating, and choosing components of the new brokerage’s future infrastructure.