Do you know how to set up a White Label Broker? Discover its advantages

 

The White Label Broker is of great importance in Forex, it is an operational strategy that allows you to climb to high levels of brokerage. It reduces the usual difficulties encountered when creating and setting up a brand in this competitive financial sector, such as training in the technological platform, certifications, and so on.

Buying this type of solution is a sure way to strengthen yourself as a professional broker, especially when you hire the services of consolidated companies in the market, which are authorized providers to operate with MetaQuotes tools and with the necessary technological and corporate resources.

What is the White Label Broker?

To understand its meaning in the trading world, you can relate it to the so-called private labels. These are products and services that arise from an agreement between two interested parties, with the independent producer and the marketer benefiting from it.

• The customer of the white label service, i.e., the distributor and seller, obtains products from a third party, advertising them as their own. Without the disadvantages associated with technological development, production capacities, inputs, and manufacturing.
• The service provider, i.e., the manufacturer, makes a profit without having to market to end customers.

How do White Label Broker solutions work?

Forex white labels work through a company that operates in the foreign exchange market, they are duly accredited companies with years of experience that offer their financial products and services to other companies or interested individuals.

The company that functions as the primary broker makes its resources available so that the activity of the contracting broker can be consolidated. This includes the initial configuration, training, and strategy definition, as well as the creation of the website and its adjustment to the requirements, according to quality standards.

The aforementioned is done respecting your brand, style, and commercial identity, with a high level of customization in the revenue models, compensation and platform design that you consider relevant.

The 6 key benefits of white label broker solutions

Multiple benefits are guaranteed to facilitate the improvement of your activity as a trader. It offers greater independence and benefits compared to other types of strategies and solutions in the Forex area. In addition to the positive aspects that you have read above, here are the major advantages:

1. Reduction of costs and time required:

The investment needed to set up your operations is reduced in time and capital when you use a White Label Broker since you acquire already finished and tested products, in addition to other  offers provided by the supplier. Not starting from scratch means big savings in development, research, time, and advice.

2. Freedom to work:

Keep in mind that you will use your brand on all financial products you offer. As the leader, you will have the authority to decide and influence all processes; naming, design, marketing, and more with amazing customization and flexibility from the primary service provider. Everything will be tailored to your requirements with the possibility of further development.

3. Little experience is required:

Many of the brokers who are attracted by the features of White Label Broker solutions are experienced but wish to improve their conditions as a broker. However, it is also a completely valid and safe option for people without advanced knowledge to enter the world of Forex, with the advantage of being trained in practice.

4. Backing and support:

You will have at your brand’s disposal the guarantee that only a quality, reliable, and perfected product from a company with years of experience can offer. You will not need to hire additional personnel to update or restructure the products since you already have reliable and professional support.

5. Profit maximization:

Low start-up costs, as well as account management and alternative business creation, are some of the striking features. Other advantages are the wide network of businesses and partners acquired with the backing of the White Label Broker’s primary company and more convenient brokerage levels.

6. Global reach:

The technological tools used to implement these solutions have been standardized. They are accessible on multiple platforms; from mobile devices to the most traditional ones, adapting to your reality as a financial services provider and to the needs of all your end customers, anywhere, thanks to the massification of the Internet.

Can anyone purchase White Label Broker solutions?

Depending on the resources offered by the primary broker and depending on the state of your business, you will need to prioritize some factors to ensure the success of your operations:

1. Create a company or mercantile society properly registered.
2. Have sufficient capital for the initial and maintenance fees.
3. Obtain licenses to operate the recognized MT4 or MT5 platforms.
4. Have a bank account for money management.
5. Consolidate a portfolio of liquidity contracts.

White label solutions are an advantage in terms of the legal obligations necessary to operate, being essential to opt for a competent company in their services offered, since starting a  Forex Start-Up can be a headache.

With good backing, any interested party can obtain an excellent market share, with a little effort and without incurring incalculable expenses.

Do I need this type of solution for brokerage activities?

It is a great opportunity to develop your experience as a broker since this type of solution is easily adaptable to multiple conditions and is greatly nourished by your experiences, knowledge, practices, and financial intuition.

Likewise, for those with little or no experience, but with the necessary capacity for Forex activity, it is a more economical and convenient way to set up a brand.