Doing business in the competitive Forex industry can be intimidating, particularly for novices attempting to enter the market. With so many well-established entrepreneurs, new market players may find it difficult to stand out.
Newcomers to the field need to offer something exceptional, such as ultimate functionality or high-level security, if they want to attract a steady stream of new customers to their platform. However, the more opportunities are offered for traders, the higher expenses business owners face. You need to constantly pour money into improving your services and new technologies, and even after that, you can still suffer from trader outflows when your opponents propose more advanced options.
However, you can try to set up a white label Forex brokerage, partnering with the most trusted providers of FX technologies. With the FX white label solution, new businesses in the Forex industry can skip all the high-costed development stages. Trusted ready-made software solutions give access to the most advanced technologies and enable the system to work in a single, integrated way.
So, here are some Forex white label providers that traders trust the most:
B2Broker has existed since 2014 and was founded to provide software to Forex companies. B2Broker is a liquidity provider to serve financial companies around the world. The firm allows business owners to choose from a wide range of trading platforms, including Forex white label MetaTrader (4 and 5 versions), cTrader, and more. These trading platforms lead the market, empowering traders to access many trading instruments, tools, and timeframes.
Furthermore, a business can get high-end payment providers, including the possibility to integrate B2BinPay, allowing you to receive cryptocurrency payments from your clients.
B2BinPay cryptocurrency payment solutions make perfect financial and business sense in today’s technologically advanced business environment. B2BinPay allows you to offer your existing clients another payment method and onboard new clients who want to pay with cryptocurrency, providing an additional revenue stream.
The company is a famous player in the market. Leverate is a leading technology and service provider in the brokerage industry, with extensive experience in all aspects of brokerage management. Business owners may start their Forex brokerage through the package, an all-inclusive solution to running a brokerage company.
Since its inception in 2008, Leverate has become an influential force in the Fintech market, consistently maintaining its position at the forefront of brokerage technology.
. X Open Hub
X Open Hub is the next top trusted WL provider. The company offers traders an innovative platform to empower their customers with advanced trading features, tools, and modes. The company may integrate payment providers, CRMs, and other components; however, without the turnkey solution.
The company is based in London, with a technology center in Warsaw, Poland. X Open Hub was founded in 2010 and has over a decade of experience providing world-class trading technology to banks, brokers, and hedge funds.
FXCM Group is a leading online platform for FX, CFD, precious metals, equities, and cryptocurrency trading. Since 2015, FXCM has been a subsidiary of Jefferies Financial Group, benefiting from the Jefferies group’s size and breadth.
Jefferies offers prime brokerage Forex liquidity services. While Jefferies competes with all of FXCM’s liquidity providers on an equal footing, the relationship benefits the firm’s clients.
What are the Primary Benefits of Working with a White Label FX Provider?
WL providers offer high-level solutions at every stage, including licensing, liquidity, trading platforms, etc. The solutions lower business costs because you do not need to develop everything from scratch, and you do not need to pay for software licenses. For instance, the licensed MT 4 costs $90,000, whereas the WL trading platform may cost around $15,000.
In today’s Forex and cryptocurrency ecosystem, technology is fundamental for efficient transactions, reliability, robust security measures, regulatory compliance —- the list goes on. But most importantly — the right technology helps create a great customer experience which is essential to success in every market and industry. How well companies manage their customers’ journey makes all the difference here.
By utilizing suitable software solutions, your Forex team can streamline tedious tasks and clear away hurdles in the sales process; thus, allowing you to expedite customer service. Furthermore, with this equipment, you are confident that your staff has what they need to give customers a remarkable experience.
In conclusion, trading platforms for Forex can offer businesses many advantages — from a smooth trading experience for traders, collecting and managing market data to reducing businesses’ costs and providing strong security measures. The software should be affordable and user-friendly to assist FX brokers in improving their services and businesses. In a competitive market, the right software solution is a valuable asset for Forex brokers looking to improve client relations and grow their businesses.