Are you looking to start your own forex trading business but need more time or resources to create and operate your platform? Then it would assist if you thought using a white label forex trading platform.
A white label forex trading platform is an established, reputable company that has agreed to provide assistance and tools (including software and support) to another business or individual.
What is a wWhite Label Forex Trading Platform?
A white label forex trading platform is a forex trading platform that is designed and created by a third-party trader.
The trader has exclusive rights to market and promotes the platform. The trader also manages all of the traffic and revenue generated by the marketing activities associated with the platform.
The benefits of using a White Label Forex Trading Platform
You may wonder why you want to make it. After all, there is already a myriad of platforms available on the internet that allow traders to trade Forex and other markets. So what are the benefits?
There are several benefits to having your white label forex trading platform:
- You can focus on what you do best: trading Forex. It enables you to trade Forex in an environment completely under your control without interference from other parties. This gives you complete flexibility in running your business, which can lead to greater success.
- You have complete control over who gets access to your platform. As a result of being closed off from outside influence, you can ensure that only qualified traders have access to your platforms – eliminating potential scams and fraudsters from accessing sensitive information.
- Increased profitability: A well-run it will generate significantly higher profits than general online Forex brokers.
- Greater exposure for your brand: When people know they are dealing with a reputable brand when looking for an FX brokerage service, it builds trust and encourages them further down their research process – ultimately leading them more likely to choose yours as their final choice
How to create a White Label Forex Trading Platform
When you’re creating a white label forex trading platform, there are many considerations to consider. Here are five essential tips:
- Develop a white label forex trading platform that is easy to use. Your platform should be designed to make forex trading easy for your customers.
- Offer a variety of features that your customers will find valuable. Offer features such as real-time forex trading, live market data, and customizable platform options.
- Have a team of experienced traders who can help your customers make informed forex trading decisions.
- Make your platform available 24/7 so your customers can always trade.
- Offer a user-friendly trading platform that is easy to navigate. Your platform should be easy for your customers, with clear instructions and easy-to-follow menus.
What features should you look for in a White Label Forex Trading Platform?
When you’re looking for a white label forex trading platform, it’s important to consider the following features:
- An intuitive design. It should be straightforward to use even if you’re unfamiliar with Forex trading terminology or platforms. You should be able to find what you require quickly and easily without having to spend hours searching through menus or profiles.
- Global coverage. Ideally, It should have global coverage so that you can trade in any currency on the market, no matter where your company is.
- Easy access to resources and support services. If something goes wrong with your account or you have questions about using the platform, customer support staff will be available 24/7 at your fingertips.
How to choose the best one for your business
Here are some factors you should consider when choosing it:
- customization – How the platform looks and feels will be very important to you. Do you want complete control over the look and feel of your platform, or would you like help finding the perfect design?
- features – What kind of features do you need? Is there something specific that you want to be included (e.g., integrations with other software)?
- pricing – How much does the platform cost per month/year? Are there any discounts available for bulk purchases or monthly subscription plans?
- support – Who is responsible for resolving users’ issues and questions about using the platform? Does this person have experience with Forex trading?
Best White Label Forex Trading Platform
Forex trading is a complex and lucrative business, but starting or building your platform from scratch can take time and effort. That’s where white label platforms come in handy; they allow you to take an existing forex trading platform and customize it to your needs without developing the entire product yourself.
Here are five of the best white label Forex trading platforms:
B2Broker: B2Broker presents a wide range of customizable elements, including the knowledge to create your currency pairs, margin requirements, order kinds, and better. They also have an extensive library of tutorial videos to help you get started quickly.
Leverate: Leverate lets users import their account data from other brokers and access their historical data through their analytics dashboard. They also offer live support 24/7 via chat or phone call.
Soft FX: Soft FX provides users with pre-built templates for building custom foreign exchange toolsets and allows them to export them into various formats (PDF, Excel, etc.). Their software is free for 14 days trial period before you require to spend monthly subscription fees.
FXCM: FXCM also presents features, including live streaming, real-time market analysis, and various charting tools.
Plus500: Plus500 is a top online forex trading platform that presents a variety of trading platforms, including mobile trading.
eToro: It offers a user-friendly platform with a variety of features, including social trading, real-time streaming, and a live market. It also offers a variety of tools and resources to help traders make informed trading decisions.
Read Also: White Label Bookkeeping & The Best 5 Benefits
The different types of white label forex trading platforms
There are three main types of white label forex trading platforms:
- Forex brokers that offer their trading platforms to their customers.
- Forex trading platforms that are built by third-party developers and are offered to traders as a service.
- Forex trading platforms built by third-party developers and offered as a standalone product.
Conclusion
In this blog, we went over what a white label forex trading platform is, the benefits of using one, how to create one, and some features to look for in a white label forex trading platform. We also gave you the 5 best white label Forex trading platforms.
