The fees charged by forex liquidity providers will greatly depend on the type of products you wish to offer and the volume you expect to send to the liquidity provider.
How to become a forex broker using white label solution
Once you have selected a liquidity provider, you are ready to launch your new forex brokerage. Of course, the guidelines offered above are just a general overview of the process. There are more specific details to discuss, especially the costs involved in starting your own brokerage. If you would like to explore these specifics considerations in more detail, our team of experts are more than happy to schedule a call with you.
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How to start a Forex Brokerage | Jivestor
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Choosing the best forex white label provider After your new forex brokerage has been incorporated, the next step is to explore the various white label solutions available in the market place. Check out our YouTube Channel After discussing your business model with you in further detail, we will be able to guide you to selecting both the best and cheapest white label solutions available in the marketplace.
Most likely you will need to set up a physical office location, although in the startup culture this step can be replaced with virtual office.
Start Your Own Forex Broker
Allow enough time to test everything before your brokerage goes live. The platform, payment processing systems, the terminal, the app if you have one — everything needs to be tested several times, preferably by professional testers as well as by focus group of your potential customers. During this time you may also choose to train your personnel, especially the customer service department.
Once you are ready with the first seven stages, comes the exciting moment of going live. It is important to support launch with a well-developed marketing campaign. There is an easier way to start own forex brokerage company.
FOREX BROKERS
Many larger brokers today offer forex white label solution. 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.
Choosing a custom forex broker solution
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. 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.
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. 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. As a new broker, you need to offer serious competitive advantages.
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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. Although a broker will provide you with the ready-made trading platform, still set aside some time to check whether everything works correctly. Once everything is set up, you can start generating leads for your forex business. If you want to start a forex trading business, forex white label might be a better idea at the beginning. For a new brokerage it means lax legal requirements, the absence of capital requirements, faster set up process.
It is possible to begin as an introducing broker or a white label partner and then, as the number of traders and trading volume grow, start thinking hot to become a forex broker with full control over operation and profit. When a brokerage already has established brand and customer base, it is much easier to secure additional financing. Share it:.