Many successful traders reach a point in their careers when they start to consider opening their own brokerage firms. One of the first dilemmas they encounter is regarding the trading platform. For those not willing to invest massively in state-of-the-art servers and a comprehensive platform, there is another solution. Traders can easily hire the services of a company who offers forex White Label brokerage.
With the diversification of the global markets in the past couple of years, there are so many emerging possibilities for each trader and a specific business goal. Different assets including stocks, currencies, and indices can be traded on different levels of the market. This way, you can fulfill your trading adventure. Forex white label is a new and up and coming tool that is aimed at helping you do exactly that – drive your wildest trading dreams into an exciting reality.
In its core, a white label is a business strategy that allows you to take the best and the most useful features of a certain business plan or venture. Next, you can turn it into different types of plans with one common goal – to suit your trading goals. The white label was originally a way for start-ups to adapt to a wild and unpredictable trading landscape. Back then, it was led by strong competitors. This way, every business, and every client can have a legitimate chance to try and come on top. Simply by using tips and tricks that the market already allows.
As time goes on, the white label-type of business has become suitable for professional brokerages, too. What’s so special about it is trust and experience. In other words, the traders that were once starting out and had a safe guide and anchor within the white label system, are now trading pros! Because, if you have a perfect formula to fulfill your trading dreams, why change it?
Forex White Label Program is for individuals and institutions that desire to build a brand name and a presence in the Forex industry. Using a White Label solution means you are starting your own brokerage with a fully customizable platform. This way, your branding is fully on display. In addition, you are typically have access to many additional services like office and administrative support. The platform itself can be very user-friendly. It gives users the ability to interact, learn and automatically copy the trades from more successful traders.
Full ownership Vs White Label?
#1 question for all traders opening their brokerages is – Owning or Renting? If money presents no object, owning is the right move for your future business. However, owning your servers and platforms is a path not many traders take. When dealing with such a risky business, many opt-outs for the other, more optimal solution.
As modern trends suggest, many companies are deciding to employ those options that are more budget-friendly. By going lightweight, there is much more freedom is running your own business. Instead of purchasing expensive hardware, which is often tricky, you have the freedom to implement easily upgradable and transparent solutions on the go. By offering this service you can more easily adapt to market trends as well as the needs of your clients.
How do I choose?
By choosing While Label Solutions, you are minimizing the initial cost of starting up your brokerage. In addition, you will be facing much fewer logistical problems. This way a new brokerage is making the best use of the experience of a company that is providing a White Label service.
Even though initial costs or setting up a brokerage are smaller this way, there are some fees to be aware of. The main cost that the new brokerage incurs in a white-label agreement, is a monthly rental fee charged by the brokerage operator of your choosing. Furthermore, there is often an initial set-up fee, for an initial server equipment.
How much does it cost to run a White Label Partnership?
In addition to fees for setting up, branding and managing your platform, operating a private label is just like running any other business. There are expenses associated with it. Staffing fees are still likely to apply since it’s probably impossible to try to operate a white label partnership as a one-man show.
Depending on how you want to develop your business model, you could be looking into further investments. These include customer support, client education, marketing, accounting, management and even IT. However elaborate your business plan is, always keep budget in mind. The best way to prepare your company for long-term success is exactly that. You should aim to carefully manage your expenses from the very beginning.
What are the Advantages?
White Label types of business are cost-effective, which is one of the many reasons why so many traders turn to it. By cutting out the middle-man, it allows you to create your own business strategy in whichever way you see fit. It gives you the tools you need, and you can use them in a way you always dreamed of. As a result, today we have a variety of business strategies and platforms within the trading world, which attract different types of traders by fulfilling their goals. This is a great thing and a big improvement for the entire trading landscape. Today, the world of trading is more inclusive than ever and welcoming to both trading pros and beginners. If you are one, it is never too late (or too early) to start! Forex White Label is the most common way to adapt to the exciting ups and downs of trading.
What is Gray Label?
Gray Label is a toned-down version of White Label aimed at those looking to minimize their investment even further. In this arrangement, you obtain the Grey Label license from a White Label broker and the branding of the Grey label broker is separate from that of the technology. This is the more cost-efficient way of launching your new forex business. However, the downside of it is that users are not quite sure with two different brands. This will always be an issue. This applies especially when it comes to brand recognition and loyalty. Moreover, apart from the monthly fee or commission paid to the White Label solutions provider, there will eventually be another cost. In addition, you will have to deal with the hassle involving the transition to a White Label at some point.
In addition, there will always be ongoing costs such as commissions and maintenance fees. Gray Label’s solution comes with a significantly smaller set-up cost. However, its commissions are often drastically higher compared to the fees of a White Label. Most importantly by choosing While Label, you will not be losing time waiting to scale up your operations. From the very beginning, you grow your own brand as a company offering end to end solutions.
Choosing the right White Label partner
Choosing the best partner for your brokerage can prove to be a daunting task. Coupled with cost, the implementation time is another crucial factor to be taken into consideration. Investing in White Label solutions shouldn’t break your bank. However, it should provide your clients with a top of the range product.
Securing a flawless technical execution for your platform should be a top priority. Your partner should also be able to provide you with on-going support. This is possible to achieve via special training and scheduled platform updates that will keep your platform relevant. Selecting a good White Label partner will prove to be invaluable in the long run, so take your time and do your research.
Each aspect of theForex White Label strategy aims to be suitable for each trader, no matter who you are or where you come from. During years of experience on the market, there is pretty much nothing we haven’t seen. And that’s what’s so great about this whole experience. You are constantly learning and finding new things about yourself as a trader, and us as a company to guide you on that journey.
On your journey of developing trading skills, you will easily find yourself striving for something more, something bigger and greater. That is only natural. Since the trading world will pull you in with its allure and make you feel like anything is possible, but how can that be? Well, this is where Forex white label works its magic. Namely, within this system, you will be able to start your own brokerage and run it fully and solely under your own identity! This way, you will be completely independent and be able to run your own show however you please, suitable to your wildest trading dreams.
Industry momentum has been exponentially shifting towards a more lightweight approach over the past several decades. More companies are choosing to adopt White Label solutions as they have seen all the benefits it provides for all parties included.
To sum up, in most cases, choosing to go with a White Label partner could prove to be very lucrative. With a strong plan, you will be able to allocate your limited resources in the best possible way. When you select a partner that suits your needs, you will be able to focus on growing your brokerage in a much more efficient way.