Blueprint for Successful White Label Brokerage
The white label option is a business model that involves selling a product or service with your own branding on it.
“White label” means that you have branding on the product/service that makes it look very much as though it has been created by you, rather than your client. You are essentially selling a product that was created and branded by someone else, so you are able to increase your client base because more people will know about your product/service. This article will be outlining why white label is a great option for your brokerage business.
Because of the benefits of using an established forex brokerage’s technology, starting a white label forex brokerage can be less costly.
If you’re looking to start a new business and want to provide your customers with the same great service they’ve come to expect from an established forex brokerage, then starting a white label forex brokerage is the way to go.
When you start a white label forex brokerage, you can use the technology and infrastructure that have already been developed by an established forex broker. This means that you don’t have to spend time or money developing your own system from scratch.
The first benefit of starting a white label forex brokerage is that it will save money on development costs. This allows you to focus more on running your business than on creating software or hardware systems.
Another advantage of starting a white label forex brokerage is that it gives you access to all of the resources available through your host broker’s company. These resources include:
- Customer support services
- Financial analysis tools
- Trading terminals
Some of the types of services that white label forex brokers provide include software and infrastructure, customer support, and the processing of deposits and withdrawals for clients.
Software and infrastructure: Many brokers offer proprietary software to their clients, which can be a huge benefit if you’re looking for something that’s easy to use and has more features than what you might find with other providers. A good white label forex brokerage will also have an advanced infrastructure in place that allows them to offer multiple products at once without any lag time or delays in response times between users.
Customer support: White label brokerages generally offer their own customer service team that is dedicated to helping clients with any issues they may have with processing deposits or withdrawals from their accounts, as well as general questions about how the platform works or how they can get started trading on it.
Processing deposits and withdrawals: This is one area where white label brokers differ from those who are purely self-branded; since they don’t have their own brand name associated with them (like most self-branded brokers do), they don’t have any restrictions when it comes to processing funds into your account or sending them out again once you’ve made a withdrawal request—which means faster.
While some white label forex brokers do require significant initial investments, others have lower capital requirements.
One of the most important things you need to know about white label forex brokerages is that they each come with their own unique benefits and drawbacks. These differences can include everything from commissions and spreads to minimum deposits and account minimums.
The good news is that many white label brokers have low minimum deposits and account minimums, making it easier for you to get started with your business.
Forex traders today have come to expect certain features, such as customizable interfaces and mobile platforms.
The white label broker can provide you with the tools to create a custom branded website that includes all of these features and more. You can also offer your clients a fully-customizable mobile app, which means you can now reach out to them wherever they are.
The ability to customize your trading platform is important because it allows you to make it look the way you want it to. This can help you feel more comfortable and confident while trading, which will ultimately lead to better results.
Mobile trading platforms are also very important because they allow you to trade on the go. This means that no matter where you are or what time it is, if there is an internet connection available, then you can always trade with your white label broker.
Customers are looking for safe, secure, and reliable services, so it is important that your white label broker offers top-notch security measures such as SSL encryption technology and cold storage wallets for storing funds offline. They will also have strict policies in place to ensure that all funds are kept safe.
Traders also want more types of order execution, charting tools, and platforms that are easy to automate.
Offer more types of order execution: Forex traders want to have more options when it comes to how they place their trades. For example, they want to be able to place limit orders, stop loss orders, and take profit orders.
Offer more charting tools and platforms that are easy to automate: Traders need better ways to visualize their data so they can make better decisions about what direction they want their trades to go in and when they should get out of a trade that isn’t going well. They also need more automated platforms that allow them to create trading strategies without needing a lot of technical knowledge.
Fees are an important thing to consider when choosing a white label broker.
White label brokers, who help you set up your own brokerage firm, offer a range of different types of fees, and it’s important to understand what each fee means for your business.
The main fee types include:
- Setup Fees – These fees vary widely among brokers and can be anywhere from $900-$7,000. They cover the cost of creating your brand name and logo, getting SSL certificates set up for encryption purposes, setting up an office space if necessary, etc.
- Monthly Fees – These fees typically run between $2,000-$25,000 per month and cover things like customer support, back office support tools like CRM software or accounting systems as well as other administrative costs.
- Commission Fees – Commission fees vary significantly but typically fall somewhere between 5%-20% of each transaction made through your brokerage firm.
Getting the right type of support is also important when choosing a white label brokerage service.
The most essential form of support is a dedicated account manager, who can help you with any questions or concerns that you may have. This person should be knowledgeable about the services provided by your white label brokerage and have experience working with other brokers who are offering similar services.
A white label brokerage should also offer an online platform with 24-hour access to all of its resources and information, including educational materials and training videos. The platform should include real-time quotes for all major currencies, as well as market news and updates that are relevant to your business model.
It’s important to select a provider with enough liquidity in their accounts to make sure your clients get the best prices possible.
If you want your clients to be happy with their experience, they’ll need to be able to get the best prices possible when they trade. This will help them meet their goals and keep them coming back. If they have trouble getting the best rates on trades, they might feel like they’ve wasted their time or lost money. This could discourage them from using your services again.
On the other hand, if you want to make sure that your business is profitable and stable over the long term, then you need to ensure that all of your clients are getting a good deal when they trade with you. If some of them can’t get good rates because there isn’t enough liquidity available at any given time, then this will drive away customers who could have profited from using your services regularly instead of just occasionally when there is sufficient liquidity available at any given time.
If you are considering starting a forex brokerage, consider how white label solutions may be able to help you get your technology off the ground without
If you are a white label broker considering a Prime Liquidity Hub White Label solution, we would be happy to speak with you about what we have available in terms of pricing and services. If you are a potential Prime Liquidity Hub customer and are interested in learning more about how our solutions can help your business grow and prosper, contact us and one of our representatives will be glad to help you.