How to become a forex broker using white label solution

Source: Jivestor 2020-05-25

There is an easier way to start own forex brokerage company. Many larger brokers today offer forex white label solution. This means that your company will only be responsible for a ‘store front’, while all the trading operations will be handled by the large brokerage. Forex white label business has lower operating expenses and doesn’t have to comply with capital requirements, as you will not be processing trading operations. This offer may even come free if you have enough skills, followers and qualifications. For majority of people starting a forex white label business via white label solution will not be free though. A broker typically requires white label partners to cover set up fees, but these fees are still much lower than the cost of setting up a forex brokerage from scratch.

1. Select a partner broker

Many brokers offer forex white label solutions, it is important to find a reliable partner to avoid customer disappointment. While doing your research pay attention to such things as safety of funds, quality of execution and flexibility (make sure the offer is flexible enough to match your business model).

2. Research legal requirements

United States, European Union, Australia require Forex white label partners to register and get licensed as a broker. However, there are many jurisdictions where simply incorporating a company is enough. In some cases it is possible to register a company in one region but set up the office in another location.

3. Create a business plan

Same as if you were starting a company from scratch, having a defined forex brokerage business plan will help you stay on track on the road to success.

4. Build your own brand

Prepare high quality logo, branded materials, professional content – making your brokerage look like a trustworthy business is your primary responsibility. Decide whether you want to have a physical office to meet and greet customers or not. Forex white label business doesn’t require nearly as many personnel as a forex brokerage and can exist purely online.

5. Connect additional services

As a new broker, you need to offer serious competitive advantages. Make it easy for your customers to work with your white labeled platform: for example add educational forex games, or white label copy trading software.

6. Pre-launch

Although a broker will provide you with the ready-made trading platform, still set aside some time to check whether everything works correctly.

7. Going live

Congratulations! Once everything is set up, you can start generating leads for your forex business.

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How to become a forex broker using white label solution

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