How does a white label solution work when it comes to the brokerage industry? The “rawest” version of a product, a version that allows companies to have custom-made specifically for them to make their own and resell. Think of a white label product as a blank canvas, straight from the manufacturer. Let us introduce you to the award-winning white-label platform solution (WL). What’s the lightweight solution we’re referring to? These lightweight solutions not only save time, but they also don’t break the bank.
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Learning how to start a Forex business can surprisingly be simpler than it sounds. In fact, it’s becoming more and more common to see both the small brokerages as well as the major fintech companies use the same business models – all geared towards keeping their solutions as lightweight as possible. Staying updated in the fintech industry is helpful in finding comfortable and effective solutions in business development. After all, succeeding brokerages DO exist, and not all of them started out with a substantial investment behind them.įortunately, there are brokerage solutions that can be cost-efficient for your company’s agenda. And that’s without even beginning to consider building your Forex sales team with factoring in agent employment costs and commission fees.
Sounds discouraging after reading all this, right? Almost to the point where no starting brokerage would want to dip their feet in the never-ending ocean of expenses and considerations. And let’s not even get started with the competition with other entrepreneurs fighting for the title of “Best Forex Broker” at all costs. Many other key pieces to the puzzle must be considered such as:Ī reliable and user-friendly CRM system, API integration, global PSPs and payment solutions, security features, website development, technical support, design & personalization, a good liquidity provider or crypto liquidity provider, and many other nicks and knacks that starting brokerages usually don’t consider before diving into their business venture. And even with a solid budget, there’s so much more to opening a Forex Brokerage than getting your hands on a good server. Long-timers who are familiar with the industry’s ins and outs can tell you that, if you don’t have a steep pocket or substantial funding at this stage, a solid server is usually out of budget. The difference between the newbies and the long-timers of the Forex brokerage solutions world is that many young companies believe that a good server is more than enough to suffice their business’ trading platform setup.
This is unarguably the core player of any brokerage company. The necessity of a reliable trading platform, one that manages all undergoing operations. Whether you’re just discovering how to open a forex broker business, or you’ve been up and running in the trading world for years, there is one thing that no brokerage firm, no matter the seniority, can ignore –
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