What is Forex White Label?
Forex white label is for individuals or companies in the field and wanting to start their own Forex brokerage with their very own distinctive brand, regardless of what trading experience they have.
Simply, in a forex white label you rent out part of other companies offering and rebrand it to offer as your own, thus you can start your brokerage without having to either buying your own trading platform or having to develop it from scratch.
Forex White Label is the most successful option, enabling brokers to easily set up their Forex brokerage and remove entry barriers to the market.
Who White Labels in Forex?
The average owner of a white label is someone who has worked in the Forex industry for a number of years and understands how competitive the market can be. Trading experience is not required to open a white label brokerage firm. Generally, anyone can get a white label license without any technical requirement and open their brokerage. Moreover, besides having a full-time job, one can white-label in the forex market.
Can I Go for A White Label?
While you’ve turned your network into a business and want to move forward, white labeling is the only smart solution. To build your own Forex broker requires a significant amount of money, time, and experience, various regulation, and legalities. A white label is the most cost-effective way to get access to the world’s largest financial marketplace without paying for a fully licensed broker.
Why Should A Forex Broker Choose A White Label Solution?
Forex Broker should choose the option of white labeling instead of setting up an own forex brokerage from scratch because it is faster and easier. The marketplace is so highly competitive, and the entry barriers are so large, that you hold little chance of succeeding without an expert or proven provider who can offer the forex white label solution, either partially or as a whole, turnkey solution package, particularly if you are a new entrant to the forex market.
In short, you can lease a part of the server from any business that provides such a service, or start a White Label company, in exchange for a monthly charge plus a minor set-up fee, to avoid any of the headaches and difficulties involved with setting up a forex brokerage on your own, from start to finish.
Advantages of White Label Brokerage in Forex
LOW ENTRY BARRIERS
Starting a new brokerage firm is both expensive and risky. In white label brokerage, a huge investment is not required. You can have the MT4 and MT5’s services and pay a monthly charge with a white label easily.
FAST AND EASY TO START
All that is needed to choose is liquidity, parameters, platforms and the business will become operational.
EASY MAINTENANCE
You won’t have to worry about renting servers if you use the white label’s services. Furthermore, when you hire their services, you won’t need to know much about forex trading platforms. Moreover, it is not required to be an expert in trade or trading site configurations before launching a white label. The company that supplies you with a white-label will take care of all of these things.
EASY TO USE PLATFORM
For beginners, it is not a difficult or sophisticated site to trade on. All that is needed is practice and familiarization with the white label platform’s software. It will be at ease dealing with this trading site within a few days.
FINAL WORDS
Dreaming of starting your own brokerage firm?
The white-label solution is a wise way to get started in the world of brokerage firms without risking massive costs.
Get on board, to start a brokerage of your own.