This includes marketing, the legal side of registering as a broker, or taking care of the technological side of the actual trading. To avoid all these processes, some of the companies prefer to become White Label. This gives them the ability to do business depending solely on the services of the broker they made an agreement with.
Let’s explore the definitions, top pros and cons, and core features of those strategies to understand which one is the best to follow. Revenue and compensation models are also far more flexible in a white label arrangement, and it all depends on the details of your partnership agreement. All of that, without the enormous hassle involved in opening a brokerage firm by yourself. They offer the primary broker an opportunity to increase their clientele and revenues in a shorter time and with much less effort.
They also have a secure and reliable platform, with a 99.99% availability rate. However, with the WL model you can have the same value proposition as the server owner but with lower initial costs. White Label solutions are installed by qualified experts who are in charge of all the setups and integrations to ensure brokers everything is working as one ecosystem. For instance, B2Core is the CRM solution of the new generation that manages referral programs up to 30 levels. Brokers don’t need to keep rewards, payments and invoices under their management as everything is automated.
- Also, IBs need to follow the rules and regulations of the broker firm and they have very limited freedom to decide terms and conditions with the traders while WLBs are a lot more independent compared to IBs.
- Misano Payments offers transparent pricing, with no hidden fees and competitive exchange rates.
- They simply contract with various producers that have agreed to put their products into the Kirkland packaging.
- Furthermore, Currency Cloud gets involved in the background as soon as a client registers with Misano Payments, as it also provides all onboarding and Know Your Client (KYC) services to us.
- Most IBs also partner only with brokers under legal regulators, so traders can do their trading activities and transactions securely.
When it comes to access to a trading platform, though, prices vary incredibly. The question of budget is purely individual and has to be discussed with the vendor you settle on. The cost of a ready-made solution that considers your business type can go up to hundreds of thousands of dollars. In addition, keep in mind that as your client base grows, you will start paying more and more, and sooner or later, you will still need to buy your own trading platform. White label digital marketing operates differently than white label branding of a physical product, such as those seen in many retailers like Walmart. In digital marketing, white labeling is a practice where your business procures white label services from a white label company and then offers them to your clients under your brand name.
Therefore, you should select those products that will empower your clients with the latest tools and instruments. As we have already said, white label partnership Forex brokerages are very common in the market, however, there are some alternatives to it. One of the best-known alternatives of white labeling is introducing brokers or IB for short. This option offers traders less resistance and will allow them to enter the market with fewer risks.
After that, they can earn the IB title after introducing at least 5 active clients. Some banks, for example, use white label services like credit card processing when they do not have these services in house. Furthermore, businesses that have no banking operations often extend branded credit cards to their customers, which is also a form of white labeling.
A lot of traders deal with the white-label Forex brokers without even knowing it. The WL MT as a part of the complex solution includes Liquidity, Trading platform, Trader’s Room, Payment System, IB Program and PAMM/MAM/Copy trading solutions. White Labeling makes everything a lot easier, which is why it is so popular in the market. In addition to being very straightforward, establishing a White Label Forex brokerage is also a lot more cost-effective compared to creating a Forex broker on your own.
To put it simply, when it comes to a full white labeling Forex solution partnership, you get the platform and you can brand it any way you see fit. In addition, you are also able to accept deposits from your traders, white partial white labeling mostly means that the deposits from the traders are mostly handled by the primary broker. White Label – A White Label is a broking firm that is licensed by the bog forex brokers to operate in its own name, take up trading requests from traders and get them executed on the main broker’s platform. This way, a white label firm operates independently while utilizing the systems of the main broker.
White label products are easily spotted on store shelves, as they have the retailer’s own name (commonly known as the «store brand») on the label. For example, Whole Foods Market’s «365 Everyday Value» line of products. You can choose to build your own brand on top of the IX Prime platform. This allows you to use custom branding and special offers designed solely for your brand. That allows you to tweak and customise more of what IX Prime offers to suit your business. In fact, in some cases, some are not even aware that the broker they are using is White Label.
Trading with White Label Forex brokers is not that different from trading with regular Forex brokers. In today’s guide, we are going to talk about all the important aspects of White Label brokers. As the business grows it is never late to switch to the server-owner model. Investment platform for copy trading, MAM, and PAMM accounts, and much more. In simpler words, an IB is the first person to meet and guide new clients to the main broker.
Your main task is to help new clients start trading, assist them in fine-tuning their trading strategies, and get commissions for different actions. The trading platform is the basis and the most critical component of any brokerage business. The choice brokers make at this point will define how many clients they will have and the amount of money they will make. The payment system introducing brokers use is similar to that of affiliates, but the way earnings are calculated usually varies.
Also, don’t forget to compare service packages and their cost in order to choose the best solution. Partnering with a CFD white label provider is critical for your operation and will have your business running with maximum abundance, and will keep your traders with you for the long haul. Compared to white labeling, IB is a very simple form of partnership between a primary Forex broker and another company. White Labels are completely operational companies, that have their own risk management, customer support team, and so on. For example, a White Label can come in a simple leasing form, or become a complete entity with its own brand.
However, there is actually an easier and faster way for a start-up broker to get to the market. To avoid all this headache, you can rent a part of the server from any company that offers such service, or in other words to start a white label company (WL). Forex trading industry is growing so fast that everyone wants to foray into and grab a share in benefits. And it is natural, this is probably the only industry in the world that has seen tremendous growth in no of users as well as the amount of daily trading. The popular perception about the forex trading industry is, there are just 2 simple dimensions in forex trading – traders and brokers. There are more than two ways to be a part of this amazing forex trading industry.