We believe everyone should be able to make financial decisions with confidence. In terms of the variety of platforms you can trade on with us, there are a few to choose from. Apart from our fully mobile-friendly platform and app, clients can trade on ProRealTime and our DMA platform L2 Dealer. We also offer MetaTrader 4 – a well-known third-party platform used worldwide. This coupled with the ubiquitous MT4 platform and a functional mobile application, comprises LCG’s online consumer offerings. LCG provides access to a broad selection of CFDs and spread betting instruments across several different asset classes.

This cost-effective solution can take you closer to success, as many of the top-tier brokers had also availed of this facility before they evolved as independent brokers later on. By starting your brokerage with a white label forex broker, you can speed up the initial setup process very economically without worrying about tech failures. So, the risk of inexperience can be greatly reduced by choosing a white label solution for your brand-new forex brokerage. A “white label supplier” is a company that provides its wares or services to another company while enabling the latter to sell them under its own label. Businesses that want to outsource some parts of their business frequently employ WL providers.

Four cashflow mistakes that can destroy your business

Typically, a WL provider would provide a full forex turnkey solution, including the trading platform, order management software, client interface, back-office functions, and more. A white label Forex broker provider is a company that helps another company execute Forex trading by providing technology, client support, liquidity, and marketing. Some offer a broad range of services, while others focus on only one or two specific features.

  • If you want to provide leverage, you will also need to negotiate with a bank for a line of credit.
  • Under this program, you can earn up to a whopping 65% of the revenue that is generated by the trader you referred to the broker.
  • Additionally, it is important to pay attention to the fees the provider charges.
  • However, the main broker handles everything else, like transactions and technology.
  • By going with a WL product, you may use a tried-and-true technological solution.

You need more freedom to decide things on your own when it comes to dealing with traders. There are extremely strict reporting requirements and customer complaints to regulatory agencies may result in a strong reaction from the regulators. Reuters news agency reports on May 20, 2015 that banks were fined nearly $6 billion in Forex probes.

Smart Automation Technology – We considered the kind of technology each platform uses and scored those with automated investing tools higher. A trader pays close attention to market movements hoping to find opportunities to profit. Traders often seek so-called undervalued stocks they believe are priced below what they’re actually worth in order to profit when the market reflects the stock’s true value. Be honest with yourself when answering this question, since the platform you should choose ultimately depends on your goal for investing. The first type of liquidity provider may be another broker or a bank executing transactions as a Market Maker.

Does iFOREX Affiliate Program provide Support?

These risks could be security specific or market specific and arising from company, industry, political, economic , etc, factors. Day traders make numerous trades in the span of a single day, so they need a platform that’s fast and reliable while having the lowest possible trading commissions. Meanwhile, investors who are aiming to pay for a trip or a gift may prioritize integration with their banking accounts to send their spare cash directly to savings. Merrill Edge’s provides access to a wide variety of educational material and research tools for clients to use. However, the company’s fees and margin rates are noticeably higher than its competitors,’ making it a better option for long term investing than for active trading. Betterment is a robo-advisor that makes it easy to “set it and forget it” with your investments.

Many of the most well-known and popular Forex brokers have developed platforms that function differently from regular discount brokers. These include some of the highest-ranked and widely-used trading platforms, such as MetaTrader 4, cTrader, and ZuluTrade. These platforms excel in breadth and depth of product offerings, customer support, trading education, and trustworthiness. Betterment also has multiple account types, from a taxable brokerage account to a traditional or Roth IRA, or even a Simplified Employee Pension IRA account. Track strategy performance in real time and drill down into the assets they contain. Money is an independent, advertiser-supported website and may receive compensation for some links to products and services throughout this website.

It was a great experience in getting the forex transaction done though Bookmyforex sitting in Bangalore as it was painful doing the same with a public sector bank. The price commitment was fair and would go with Bookmyforex for our future transactions. Thank you for submitting your interest in our FaaS (Forex As A Service) platform. One of our team members will reach out to you shortly to discuss the details of your requirements soon. The revenue share is what you are working for, so you need to be well aware of the same.

We’ll examine a few of the benefits of using a white label provider for your Forex brokerage business in this article. We’ll also provide some tips on how to choose the best white label provider for your needs. In addition to these features, BelleoFX is also regulated in both St. Vincent and the Grenadines and Mauritius. Read through this review to determine whether BelleoFX has what you’re looking for in a broker.

These platforms typically have search bars where you can look up the ticker or name of stocks, funds and other assets available on the platform. Once you decide what to invest in, you can buy your desired number of shares with a few clicks. When you use a WL solution, you will not lose management authority over your company.

Low Trading Fees – We only considered online stock trading platforms that charge low trading fees or none at all. When you sign up for an online stock trading platform, you typically invest via a mobile app or the brokerage’s secured website on a desktop computer. Public stands out as one of the few investing platforms that offers engaging social media features. You can follow other Public users, exchange trading ideas and share market news all within the same platform.

With the iForex franchise, you can earn up to $100 or 100 Euros/ GBP as the CPA or share of the revenue. Yes, the iForex Affiliate program provides you with this opportunity that you can refer people to them and the revenue generated from those leads will be shared with you. This plugin allows you to connect fx white label solution several Met Trader accounts and copy trades from one account to the other. Technically the Forex Grey Label Solution is an Introducing Brokers accounts that use the brand of a Forex White Label only. Grey Label Forex Brokers operate under the umbrella of a White Label Broker and use their brand.

While one forex solution may suit one prospective forex broker, the other broker might need some other solution. Starting a forex brokerage requires a team of professionals, including traders, customer service representatives, and compliance officers. You will need to hire a team of experienced professionals to help you manage your business and provide excellent service to your clients.