If you are a start-up broker and are considering delving into the Forex trading market, one of the crucial decisions you’ll have to make is the choice between the different trading platforms that are available. The major option here is whether you want to develop your own Forex trading platform, or get started with a White Label provider.
Some brokers choose to develop their own software because it gives them the advantage of being completely different from their competitors. Still, this advantage comes with the responsibility of maintaining your platform and advertising it effectively. This will demand more resources, and you will be dedicating less time to trading and gaining profit. From that perspective, if you are starting your brokerage business, you’d better start with a White Label Forex Trading Platform solutions. This would be a far better choice than spending resources on developing and marketing your own technology.
White Label Forex Trading Platforms are great for a new broker because they can provide all the customised features they may need at an affordable price. The benefits that you could enjoy are as follows:
- A professional platform
- Incorporation of trading technology
- A full package of marketing services
- IT support around the clock
- The ability to reach providers
- Preserving and reserving all of the customer info you may need.
It is also essential for every start-up broker to consider how much a trading platform will cost him, including monthly payments with additional costs of implementation or maintenance. You also have to take care of the technical support and consider how long it will take to get up and running as time is money in business.
Your trading platform should be quick, effective, and also responsive and easily used on all types of devices. On a mobile device, it should be supported by both iOS and Android operating systems. The quickest way to solve this issue is to use the trading functions offered by a White Label Forex Trading Platform solution.
One thing that White Label trading platforms offer is a package of marketing solutions. You will be offered ready-made marketing strategies developed by experts and shaped according to your demands.
Reputable White Label trading platform providers offer professional training for their clients. Also, the support services will always be at hand to solve your issues.
As Forex trading grows in popularity, White Label solutions also become more popular because of the comprehensive business platforms they provide. White Label trading platform will not just be robustly developed and kept updated by the original developers, but also it will cost less, compared to what you would pay to get your own platform developed. So, you spend less but get a much better solution than you could have hoped for.
Still, setting up a Forex trading brokerage requires a significant investment and advanced software. A professional package of White Label Forex trading solutions must be integrated into a robust technological platform and provide IT support. The platform should create a comfortable trading environment for users and offer a variety of additional trading tools. With White Label, a broker can be sure his clients are trading on the most popular Forex trading platforms with a reliable reputations. Another important feature is a trader’s security to enable them to trade without worrying about platform stability. Key benefits of MT4, the most popular White Label trading platform, include technical analysis and assistance of expert advisors, flexible buying and selling conditions, and PC, mobile, and tablet accessibility. This way, a start-up broker could save plenty of development, maintenance, and marketing costs by choosing White Label trading platform rather than building the technology on his own.