The Forex market, known as the Foreign Exchange market, is the biggest and most liquid financial market in the world. It sees a massive $6 trillion in trading volume each day. For companies wanting to get involved in this fast-growing industry without extensive development costs, turnkey solutions provide a convenient and efficient option. These solutions offer a ready-made platform that can be customised to meet the unique requirements of businesses, allowing for a swift entry into the market.
What is a White Label Solution For Brokerages?
Are you an entrepreneur looking to venture into the Forex market? Look no further than the Turnkey Solution. Also known as a white Label solution, this tailor-made trading platform is designed to skyrocket your Forex brokerage in no time.
With the Turnkey Forex broker software, launching your own brokerage has never been easier. Say goodbye to the days of building platforms from scratch. This innovative solution provides you with all the necessary tools, features, and integrations, saving you significant time and effort.
But what sets the Turnkey Solution apart? It’s the perfect choice for small to medium-sized businesses aiming to enter the Forex market. By leveraging the technology and infrastructure of a third-party supplier under your own brand name, you can offer the same top-notch trading services as established brokers without hefty investments.
Aspects Consider
When choosing a trading platform, it is crucial to carefully assess various factors in order to find the right supplier that caters to your company’s specific requirements. Here are a few key variables that should be taken into consideration:
- Finding a reputable service is crucial for your business – Take the time to review testimonials and inquire about demo versions to evaluate their effectiveness and dependability.
- Regulatory compliance – This should be a top priority when choosing a White Label provider. To ensure adherence to rules and regulations, verifying that the supplier is licensed and supervised by reputable regulatory agencies is essential. Additionally, assessing the company’s level of customer service is equally important.
- Service Coverage – Discover a company offering a diverse array of services and features. Assess their trading instruments, such as Forex pairs, commodities, indices, and cryptocurrencies.
- Customer Service – Look for a service provider that provides round-the-clock email, phone, and chat assistance.
Introducing The Top 3 Providers
This section will review the leading providers in the industry that offer exceptional services and the best FX liquidity available. Since already covered the key aspects of a turnkey solution, let’s now focus on the top-notch options in the market.
B2Broker
B2Broker, founded in 2014, is a global company dedicated to helping brokerages and exchange firms achieve their business goals. With an impressive client base of over 500, including 298 corporate clients, 170 professional clients, and 32 institutional clients, B2Broker offers a comprehensive turnkey solution for entrepreneurs looking to establish their own Forex and crypto brokerage. range of services, such as B2Core, PoP Liquidity, and payment service, are designed to provide valuable client support.
Additionally, B2Broker offers over 1,000 financial products spanning seven asset classes, including 80 currency pairs, 12 CFDs on indices, and 13 metal instruments. B2Broker also offer various client-focused services, including training, bonuses, sweepstakes, and investment opportunities.
B2Broker’s cutting-edge Forex turnkey solutions provide a direct and streamlined way for clients to connect with top-tier FX liquidity venues. Enjoy the benefits of a robust liquidity pool, lightning-fast execution speeds, and top-notch professional support. Innovative solutions also offer competitive trading costs, margin requirements, and an impressive execution speed of just 12ms.
B2Broker understand the importance of minimising volatile risks. That’s why they offer a multicurrency-denominated margin account that effectively manages risks between clients’ and brokers’ equity. A comprehensive solution includes a one-time setup fee of $5,000 and a monthly support fee of $2,000. With B2Broker, you can take advantage of tailored monthly fees based on your specific service requirements and customisation needs.
Experience the power of B2Broker’s Forex turnkey solutions and take your trading to new heights.
Interactive Brokers
Interactive Brokers (IBKR) is a renowned turnkey Forex broker software provider, empowering clients to create a personalised and branded trading platform. This multi-asset platform opens doors to 150 markets across 33 countries, offering high customizability to meet diverse trading needs.
Forex brokers can leverage this platform to tailor the user interface, risk management tools, and TWS (Trader Workstation) to suit their specific requirements. With the ability to manage user access rights, implement flexible fee structures, automate fee administration, and provide dynamic fee management with electronic invoicing, brokers can offer their customers a seamless and efficient trading experience.
The integration of TWS into the white label offering enables Forex brokers to provide a trusted trading platform with access to a wide range of currency pairs, including primary and minor pairs. Additionally, traders can delve into Forex options, enabling them to trade options on various currency pairs.
By white labelling with IBKR, brokers gain a competitive edge by offering competitive pricing on FX trading and benefiting from IBKR’s transparent pricing model. Access to interbank spreads without markups further enhances the appeal of this offering. Pricing varies based on volume, currency pair, and account type, providing flexibility to cater to different client segments.
IBKR extends two types of accounts to its clients: commission-based and spread-based, catering to diverse trading preferences and requirements. With these comprehensive offerings, Forex brokers can establish a robust and reliable trading platform, attracting traders and enhancing their trading experience.
X Open Hub
X Open Hub, a division of XTB SA, specialises in delivering top-notch white-label solutions for brokers, startups, and banks, drawing on their extensive 12 years of experience, a dedicated team of 250 IT professionals, and a vast network of 100 partnerships.
Their Forex solution stands out for its high stability and reliability, offering customisable securities settings, local time zones, reporting tools, and the added advantage of no limitations on the number of instruments.
Clients benefit from a wide range of trading instruments, including 60+ currency pairs encompassing majors, minors, and exotics. The company’s cloud-based solutions ensure swift and high-quality execution without incurring hosting costs.
X Open Hub goes the extra mile to cater to their clients’ needs, offering $0 volume commission on OTC instruments, low effective spreads, no requotes, and access to deep liquidity on FX. Committed to adhering to industry best practices, the company operates under robust regulation by FCA, KNF, CySec, IFSC, DFSA, and FSCA, ensuring the best interest of its clients.
With their customisable and modern front-end system, XOH Trader, brokers gain access to advanced charting tools, regulatory compliance, and mobile capabilities. The xManager back-office system enables effective client management, live trading activity monitoring, and various trading group setups, spread markups, commissions, and user configurations, along with a mobile app for account management and real-time financial trading.
The company offers an express startup package encompassing a trading platform, an intuitive back-office system, and access to premier liquidity. They also provide valuable consulting services, assisting partners in identifying initial broker requirements, meeting regulation standards, training, marketing, and ensuring 24/7 account manager support.
In addition to its comprehensive Forex offerings, X Open Hub provides deep institutional liquidity on 5,000+ international instruments, covering indices, commodities, shares, ETFs, and cryptocurrencies. Their flexible pricing structure allows clients to choose services that align with their needs and budget.
Bottom Line
In the dynamic world of Forex, selecting the right turnkey supplier is crucial for the growth and prosperity of any brokerage business. By partnering with a reputable and reliable supplier, new brokers can harness their expertise, technology, and resources to deliver a seamless trading experience to customers. This partnership ensures brokers can avoid technological hurdles and focus on honing their core skills.