A Forex turnkey solution is a popular and efficient method of saving time when creating a new business. Rather than dedicating the necessary resources towards creating an entire system from scratch, buyers can purchase or rent an already-established one provided by another party. The blog post will help you understand the role of turnkey solutions and will list the best Forex turnkey solution providers.
What is a Turnkey Solution?
Turnkey Forex broker software, also known as white Label solutions, is a system that can be easily integrated into an existing business operations process or be a base for a new one. It is designed to allow clients many specific features, such as infrastructure providing, website design, training, or content management, and is immediately usable after implementation.
Must-Have Features of Turnkey Solutions
Several benefits, features, and tools are available for brokers when collaborating with a WL provider. However, companies need to select the right provider based on their needs and requirements. Let’s look at some essential features such a solution have:
Key features of a turnkey solution:
- Software created to meet your individual needs: You will receive a reliable trading interface, CRM, liquidity, and the things you need from a turnkey Forex provider customized and designed and developed for the trading company you are trying to launch. They can make sure that it is precisely what your trading company needs in order to operate correctly because they spent time making it. You won’t have to create it yourself, which saves you time.
- Dedicated servers: Turnkey solutions are ideal for those looking for a fast start. All dedicated servers have already been set up with a configuration tailored to those wishing to launch a Forex brokerage, even if you don’t know much about computers or how to properly maintain a server. You won’t need additional work to get started.
- Customizable options so you can grow as needed: Turnkey solutions are adaptable enough for growth if your Forex brokerage business starts to pick up steam. All that is necessary is an additional fee that will be billed on a monthly basis, so you won’t have to worry about needing extra resources.
Additionally, turnkey solutions come with several costs, such as the initial investment, hosting, and any extra services required for better functionality. Depending on what the brokerage firm needs, these fees may change.
Top 3 Providers in 2023
A range of providers is available on the market with different offers, tools, features, and reputations. While selecting, appropriate research is essential to ensure choosing the best turnkey solution provider for your needs and requirements.
Fortunately, experts are rating them, and you can look up online for clients’ reviews, and etc. Introducing the top 3 providers in 2023:
International business B2Broker, established in 2014, aids brokerage and exchange companies in achieving their goals. Over 500 clients have been served by B2Broker’s broad clientele, including 298 corporate, 170 professional, and 32 institutional clients. With a staff of over 380 people, B2Broker offers high-caliber solutions to satisfy the needs of different businesses.
B2Broker is a turnkey solution for entrepreneurs interested in launching their Forex or crypto brokerage. It includes services and software solutions designed to minimize the effort, time, and costs of starting a new brokerage. Their B2Core solution is a trader’s room that helps manage clients’ accounts; they also provide PoP liquidity, social trading platforms, and even a crypto payment service. B2Broker offers over 1,000 financial instruments across seven asset classes, including Crypto Derivatives/CFD, Indices, Energy, Equities CFD, and ETFs CFD. B2Broker’s Forex liquidity solutions offer a direct and efficient way for clients to access major Tier-1 FX liquidity venues benefiting from a deep liquidity pool, fast execution speeds, and professional support. Their liquidity solutions come with competitive spreads starting, margin requirements set at just 1%, and execution speed starting from 12ms.
B2Broker provides a comprehensive solution for Forex brokerages, including legal, marketing, sales, operations, finance, liquidity, and technology. The white label service includes detailed documentation and transparent pricing, with a one-time setup fee of $5,000 and a monthly support fee of $2,000. Monthly fees vary depending on the services requested and customization needed.
- Interactive Brokers
Interactive Brokers (IBKR) offers a white Label program for Forex brokers, which allows them to create a branded trading platform for their clients. The multi-asset platform will enable brokers to provide access to 150 markets across 33 countries, as well as customize the user interface, risk management tools, and TWS. Additionally, brokers can manage user access rights, implement flexible fee structures, automate fee administration, and provide dynamic fee management with electronic invoicing.
The integration of TWS into white labeling allows brokerages to offer traders a well-established and trusted trading platform with a wide range of currency pairs. Additionally, traders can access Forex options through the TWS platform. White labeling with IBKR allows brokers to offer competitive pricing on FX trading by leveraging IBKR’s deep liquidity pool and advanced technology. Pricing for FX trading depends on the volume traded, the currency pair sold, and the account type. IBKR offers two types of accounts for FX trading: a commission-based account and a spread-based account.
The amount charged for IBKR’s white Label branding may change based on the degree of customization required and the broker’s particular needs. It is necessary to speak with IBKR directly and go over the requirements to receive an accurate quote. The initial funding of $10,000 may be required and will be applied towards the first five months of commissions during the application review process, which takes about two to three weeks.
Soft-FX is a fintech development company that offers platforms for digital assets and the financial services sector with software and support services. Since its founding in 2005, it has collaborated with a number of blockchain platforms, dealers, banks, funds, and brokers of foreign exchange and digital currencies.
Soft-FX provides a comprehensive Forex Broker Turnkey solution to equip businesses with the necessary tools for entering the FX market. Beneficial features include an extensive 30+ technical connectors that serve major liquidity providers, advanced analytics modules, KYC/AML services, and 60+ fiat payment systems integrations – all on top of a reliable software foundation. The trading platform offers further advantages with sophisticated algorithmic trading capacity, multilingual terminals, and customizable orders.
Soft-FX offers unparalleled support throughout the implementation process, empowering businesses to launch their brokerage successfully. Its suite of features further bolsters success; A-Booking and B-Book hybrid models make it possible to trade on various financial instruments quickly; language barriers no longer stop clients from using Windows PC, iOS mobile devices, or Android systems with multi-language terminals available online.
When it comes to pricing, Soft-FX provides a simple pricing estimator tool so that potential customers can get a ballpark figure for the price of the Forex Broker Turnkey solution. The pricing calculator considers crucial elements like liquidity, selected software modules, and additional services. With a monthly charge of €3,000, the minimum setup cost is €15,000.
Are you looking for a reliable white Label provider to help your startup enter the Forex market? We have reviewed some of the best providers in the industry who offer comprehensive services such as advanced trading technologies, risk management tools, and compliance solutions.
Additionally, it is essential to consider pricing when selecting a provider; consulting each package’s fees and services can provide insight into how cost-effective they are. Ultimately, these top-tier service providers could be invaluable assets on your journey toward success within this formidable field!