Pros and cons of white label solutions for Forex brokers
The Forex market is a promising sector that welcomes newcomer brokers. Meanwhile, the process of broker creation requires some expenses, including costs for the trading platform.
Two ways are available to pave: either to buy a trading platform or to implement White Label solutions. Newcomers frequently prefer the second way, trying to cut their expenses. What are the key pros and cons of WL platforms?
Top-3 pros from a White Label Forex solution implementation
- Newcomer brokers are interested in minimum expenses; this is why WL solutions enable them to cut the budget and get a fully functional trading platform highly appreciated by the community.
- Brokers obtain turnkey global Forex solutions that are customized to their needs. As such, no further development of trading platforms is required.
- Constant setup is provided by companies where you’ve got WL platforms. That means a broker spends nothing on server maintenance and gets high-end customer support during the whole period of the agreement.
Eventually, turnkey White Label solutions help brokers avoid a bunch of hurdles and make the entrance to the Forex market convenient and straightforward.
Cons of White Label platforms for brokers.
The overview of such solutions distinguishes some cons pointed out by brokers:
- Brokers are dependent on a platform owner. While using WL trading platforms, a broker gets no access to the fullest configuration of all the available server settings.
- All the changes are possible through concordance with a platform owner. For instance, you need to change the spread index or other trade settings – all the steps should be primarily accorded with the “headquarters”.
- When your clients’ base grows, you have to pay for WL solutions. This said expenses grow simultaneously with your audience.
B2Broker to bridge the existing hurdles
On the one hand, B2Broker offers Forex White Label solutions at reasonable prices, while on the other hand suggested conditions are beneficial and transparent for newcomer brokers. That is among the top reasons for institutional clients’ audience skyrocketing.
The company helps brokers to save about $200 000 which is extremely important for beginners. Furthermore, companies get the full scope of support and maintenance, as B2Broker is always interested in paving the path towards success for all the clients.
Which solutions are available in the B2Broker company?
The company offers newcomer brokers to obtain the following FX White Label solutions: the two most widespread trading platforms (MetaTrader 4 and MetaTrader 5), and innovative solutions designed by the company (B2Trader matching engine and M2Margin exchange trading platform).
B2Broker is constantly looking to the future, pretending to become among the most powerful driving forces to upgrade your business! Request a callback to conquer the market together.
