Forex White Label is a prevalent word among forex trading solution providers such as brokers, forex signal providers, fund managers and so on. We’re confident you’re curious about the white label in FOREX because you’re either looking to offer some kind of forex solution or service to traders or businesses, or you’re already running a forex business and want to expand your services. We guarantee you that you have arrived at the right place. We’ll cover all you need to know about it. Let’s get started!
WHAT IS A FOREX WHITE LABEL?
It is no secret that the forex trading market as we know it today is built on the foundation of information technology (IT). The complete forex trading market infrastructure is developed with forex software, tools, applications, APIs, and so on, with the internet acting as the connecting medium. These many forex trading software, tools, applications, and the internet are the driving forces behind the enormous growth of the online forex trading industry. It would not have been feasible without them; in fact, you cannot imagine the forex trading market without them.
White Label in FOREX is a legal agreement, typically based on licencing, between forex software, tools, and application developers and forex services and solution providers, in which the technology company allows these solution providers or businesses to put their own brand and on the software, tools, and apps and offer them to their clients as their own.
Let us clarify this by breaking down the process.
A technology firm creates forex trading software say MetaQuotes (MetaTrader4). An aspiring entrepreneur wishes to start his own forex broker business but does not wish to develop his own trading platform since it is costly and there is no guarantee when they will have a successfully functional trading platform. The technology business that has created a complete forex trading solution gives brokers a Forex White Label for a small set-up fee and monthly fees. They are in charge of hosting and managing the platform’s functionality. The forex broker can put their own brand on this forex white label and promote it to their customers as their own.
The agreement is valid until both parties complete their forex white label agreement.
TOP WHITE LABEL SOFTWARE, TOOLS, AND APPLICATIONS
People only think of forex white label trading platforms like MT5 and MT4 when they think about the white label in forex. However, White Label in FOREX has a far broader coverage and scope.
It’s as simple as that: any forex trading software, tools, or application utilised by a third party by putting their own brand label on it and presenting it as their own is referred to as White Label in FOREX.
The following is a list of the best Forex White Label Software, tools, and applications for forex service and solution providers such as brokers, institutions, professionals, and others.
1. Platforms for ForexTrading
- White Label cTrader
- White Label MT4 or MetaTrader 5
- Match trader
2. CRM (Customer Relationship Management) Software for MT4 / cTrader / MT5 / Match trader based Broker
Other Important Tools :
- Forex PAMM l Software for MT4 / MT5
- Forex MAM (Multi-Account manager) Software
- Trade Copier Software
- Forex IB & Affiliate System with White Label
- Forex Education content such as e-books, video lessons, blogs, articles, and so on.
- Forex Signals Software
- Tools for Forex Spread Betting
- l Forex Social Trading Platform
- Trader Cabinet or Traders Room
FOREX BENEFITS OF WHITE LABEL
White labelling is the driving force behind the rise of the FX market. It allows all stakeholders to focus on their main business and skills while providing cutting-edge solutions to end customers.
Let’s look at how white labelling arrangements help various currency market stakeholders.
I. Forex Technology and Software Development Firms
The revenue generated by providing white label forex trading platform licences allows the information technology company to focus on their main skill of building fantastic forex trading software.
II. Providers of Forex Services
Forex service providers such as brokers, signal providers, and fund managers who are technically the licensee benefit from white label forex software, tool, or application.
Benefits of using a White Label Solution :
a. Low start-up costs
They obtain powerful software or an app that has been tried and proven by thousands of others for a fraction of the cost of forex software, tool, or application.
b. Going live very immediately.
They can begin providing the answer to their clients within a few days. A white label trading platform typically takes 7-10 days to set up. Some of these solutions can be implemented in as little as 24-48 hours. Everything is dependent on your forex technology provider. However, it is much faster than designing, testing, and deploying your own forex programme, which might take months and you still don’t know if it is bug-free.
c. Concentrate on the core business.
Because a white label solution handles the technology and development, businesses can concentrate on their primary business of marketing, advertising, and customer support. This aids with post-testing tactics and planning and provides flexibility to change or try something new.
d. The cost of failure is little.
We know that forex services businesses, such as brokerage, have the same risk of failure as any other business. If you fail in your forex endeavour, the cost is considerably smaller than if you spent hundreds of thousands of dollars and months, if not years, developing your own forex software.
e . End Users
End customers, such as forex traders, have access to complex forex software and tools at a very low fee. It’s really quite simple: when tech companies focus on development work, they produce more innovative solutions faster. The forex service providers obtain the software at a lesser cost, allowing them to pass the benefits on to their customers. You may have concluded that White Label in Forex produces a perfect synergy in which all players gain access to advanced forex trading software and brokerage solutions at a significantly lower cost.
We believe we were able to provide a decent explanation and how it benefits everyone involved in the forex market. A White Label in FOREX is a win-win situation for everyone. While forex technology firms work hard to build innovative forex apps and tools, the cost of launching and running a forex business like brokerage becomes more cheap for entrepreneurs, allowing them to offer their services to clients or end-users at a low cost. Because of the excellent arrangement, the entire forex trading environment is growing at a faster rate. It is not an exaggeration to say that the MetaTrader 4 aka MT4 developed by MetaQuotes in 2005 has played a vital part in the growth of the online forex trading industry, which adds to the forex market’s daily trade volume of even more than $7 trillion US dollars MetaQuotes may not have been as successful as a forex technology company today if they had entered the forex brokerage market instead of offering MT4 Admin Licenses and MT4 White Label licences. And who knew that the online forex trading market would have grown at this rate over the previous two decades?
We’d like to end this article by emphasising that Fx White Label is a win-win situation for everyone involved in the forex industry. To start your own White Label Forex broker get in touch with our team www.openforexbroker.com .