White Label in Forex is a very popular term among the forex trading solution providers like brokers, forex signals providers, managed fund service providers, etc.
We are sure you want to know what white label in FOREX is because either you are looking to offer some forex solution or service to traders or businesses or you are already running a forex business and looking to expand your services.
We assure you that you are in right place. We are going to share everything you need to know about White Label in FOREX.
What is White Label in FOREX?
It’s no hidden secret that the forex trading market as we see today is developed on the Information Technology (IT) foundation. The entire forex trading market infrastructure is built with forex software, tools, applications, APIs, etc. and the internet is the medium that connects everything together.
These different forex trading software, tools, applications, and the internet are the catalysts to the humungous growth of the online forex trading market. Without them it was not possible; in fact, you cannot imagine the forex trading market without them.
White Label in FOREX is the legal arrangement usually by licensing between forex software, tools and application developers and forex services & solution providers wherein the technology company allows these solution providers or businesses to put their own brand and on the software, tools, and apps and offer their clients as their own.
Let’s explain this by breaking down the process of White Label in FOREX.
- A technology company develops a forex trading software
- An aspiring entrepreneur wants to start own forex broker business but doesn’t want to develop his own trading platform as its very expensive and there is guarantee when will they have a perfectly functional trading platform.
- The technology company that has developed a complete forex trading solution offers a Forex White Label to brokers at a nominal set up fee and monthly charges.
- They host and manage the platforms functionality.
- The forex broker can use the own brand on this forex white label and offer it to its clients as their own.
- The arrangement lasts till both the parties fulfil their forex white label agreement.
Top Forex White Label Software, tools, and applications
When it comes to White Label in Forex, people only think about the forex white label trading platforms like MT5 & MT5. But White Label in FOREX has far bigger coverage and scope.
It’s very simple; any forex trading software, tools, or application used by a third party by putting their own brand on it and offering as their own is White Label in FOREX.
Here is the list of top Forex White Label Software, tools, and applications available for forex services and solution providers like brokers, institutions, professionals, and many others;
- Forex White Label Trading Platforms
- cTrader White Label
- MT4 White Label or MetaTrader 5 White Label
- Match Trader
- MT5 White Label or MetaTrader 5 White Label
- White Label Broker CRM (Customer Relationship Management) Software
- MT4 CRM
- cTrader CRM
- Utip Broker CRM
- White Label Forex PAMM Software
- MT5 PAMM (Percentage Allocation Management Module)
- MT5 PAMM
- White Label Forex MAM Software
- MAM MT4 Software
- MT5 MAM Software
- cTrader MAM (Muti-account Management)
- Trade Copier Software White Label
- White Label Forex IB and Affiliate System
- White Label Forex Education material like e-books, video tutorials, blogs, articles etc
- White Label Forex Signals
- CFD (Contract for Difference) White Label
- Crypto White Label Platform
- Binary Trading White Label Platform
- Forex Spread Betting White Label Trading Platform
- Forex Social Trading White Label Platform
- White Label Traders Room or Trader Cabinet
Benefits of White Label in Forex
White Labeling is the catalyst of forex market growth. It facilitates all the stakeholders to focus on their core business and strengths while providing state-of-the-art solutions to the end-users.
Let’s understand what benefits different forex market stakeholders get from white labeling arrangements.
I. Forex Technology Companies and Software Developers
Information Technology Company gets the revenue by giving out white label forex trading platform licenses and can focus on their core expertise of developing awesome forex trading software.
II. Forex Services Providers
Forex Services providers like brokers, signal providers, fund managers who are technically the licensee get the following benefits with a white label forex software, tool, or application;
a. Start-up cost is low
They get an advanced software or app which is tried and tested by thousands other by spending a fractional cost for forex software, tool, or application
b. Going live almost instantly.
They can start offering the solution to their clients within a couple of days. Usually, a white label trading solution takes 7-10 days to set up. Some of these solutions are set up within 24-48 hours maximum. It all depends on your forex technology provider.
But it’s way faster than developing your own forex software, testing it, and launching it which takes at least months and you are still not sure if it’s bug-free.
c. Focus on Core business.
Since the technology and development part is taken care of with a white label solution, so they can focus on their core business of marketing, promotion, and customer service.
This helps in after testing of strategies and plans and gives flexibility to amend or try something new.
d. Cost of failure is low.
We know forex services businesses like brokerage has a similar probability of failure as any other business. If you fail in your forex venture, the cost is much lower in comparison to if you had developed your own forex software by investing hundreds of thousands of dollars and months if not years.
III. End Users
The end-users like forex traders get access to the advanced forex software and tools at a very low cost.
Look it’s very simple; when tech companies get to focus on development work, they come with innovative solutions faster. The forex service providers get the software at a lower cost so their cost of business operations is very low which they can pass on to the end-users.
You would have concluded yourself that the White Label in Forex creates a perfect synergy where all the participants get access to advanced forex trading software and brokerage solutions at a far lower cost.
Hope we could give a far better explanation of what is White Label in FOREX and how it’s beneficial for everyone operating in the forex market.
A White Label in FOREX is WIN-WIN for everyone.
While forex tech companies make focussed efforts to develop advanced forex apps and tools, the cost of starting up and running a forex business like brokerage becomes affordable to entrepreneurs and it helps them offer their services to clients or the end-users at a very low cost.
The entire forex trading ecosystem grows at a faster pace due to the wonderful arrangement called White Label in Forex.
It won’t be an exaggeration to call the MetaTrader 4 aka MT4 launched by MetaQuotes in the year 2005 has played a key role in the expansion of the online forex trading market which contributes to the forex market’s more than 7 trillion US Dollars’ worth of trades every day.
Had MetaQuotes got into the forex brokerage business instead of offering MT4 Admin Licenses and MT4 White Label license, they might not have been as successful today as a forex technology company.
And who knows if the online forex trading market would have grown this faster in the last two decades.
We would like to conclude this article by reiterating; White Label in FOREX is WIN-WIN for everyone operating in the forex market.