You will discover heaps of brokers that offer whitelabel solutions to smaller fx brokers but if you're searching for a company which can offer a whitelabel version of Metatrader 4 there are a number of things you ought to consider before signing any contracts.
Metatrader 4 is not surprisingly the world's most popular forex trading platform and it is no surprise that there are a huge number of fx brokers throughout the world offering the trading platform. Before you become one of these forex brokers you must consider a couple of key factors when looking for another broker who's platform you can white label.
The key points are:
1. The experience that the forex provider you've chosen has in offering white label partnerships
2. The prices that the forex broker can offer you
3. The flexibly that the provider provides in creating different groups with spread mark-ups.
4. The manager privileges that the provider provides you with
In my view these are the main items which you ought to consider before choosing a forex broker to white label and starting your own brokerage firm. I'll touch on each of these points below.
Brokers White Labeling know-how
Of course deciding on a forex broker that has had experience setting up white labels in the past is key. A forex provider which has experience in this area need to be able to produce a full unbranded white label solution within 1 - 3 days. The branding of the trading platform might take a little more time as this must be done by Metaquotes you should always set aside an extra 10 days for this job. Providers like IC Markets in Australia are extremely skilled in offering white label Metatrader 4 platforms, they've got over 820 branded versions of their Metatrader 4 platform in brokerage companies in 48 over separate countries. IC Markets are on the list of the most knowledgeable broking companies when it comes to providing Metatrader 4 white label platforms to fx brokers and money managers. Also they are keen to work with start-up companies, which is great if you're a looking to create your own personal on-line forex brokerage company.
Forex brokers Spreads
Some fx brokers offering white label solutions are in truth not competitive just because their spreads are too wide. Many of the brokers that offer spreads which are simply not competitive are market maker providers, it is for this reason that you should always select an ECN forex broker if you're considering a white label partnership. IC Markets is the preferred forex broker for start up forex brokers to white label simply because they have the tightest spreads out of any broker globally. Their EUR/USD has an average spread of 0.1 pips, this is the lowest in the world.
Broker Versatility
When engaging in a white label agreement the fx broker that you white label will ask you to nominate the number of groups you would need. Groups in metatrader permit you to widen the spread or charge commission, in addition they permit you to do things like offer separate foreign exchange trading accounts along with paying interest on client account balances. Some fx brokers will impose restrictions on the quantity of groups that you can have in metatrader this is why it is quite vital that you only trade with brokers like IC Markets which have a significant amount of experience offering white label solutions. One extra advantage of trading IC Markets is they do not enforce any restrictions on the number of groups that you can have.
Metatrader 4 Manager Privileges
Metatrader 4 manager permits you to create customer accounts, place amend and delete traders and conduct a number of reports. Some fx brokers will not provide you with full Metatrader 4 manager privileges because of this you may not be able to run your business they way you might have liked to. It is necessary for you to have the ability to run your business effectively and deal with your clients queries, this is why you should always ask your fx broker to ensure that they have supplied you with full manager rights. Fortunately IC Markets whitelabel gives the total suite of manager rights to its clients.
Metatrader 4 is not surprisingly the world's most popular forex trading platform and it is no surprise that there are a huge number of fx brokers throughout the world offering the trading platform. Before you become one of these forex brokers you must consider a couple of key factors when looking for another broker who's platform you can white label.
The key points are:
1. The experience that the forex provider you've chosen has in offering white label partnerships
2. The prices that the forex broker can offer you
3. The flexibly that the provider provides in creating different groups with spread mark-ups.
4. The manager privileges that the provider provides you with
In my view these are the main items which you ought to consider before choosing a forex broker to white label and starting your own brokerage firm. I'll touch on each of these points below.
Brokers White Labeling know-how
Of course deciding on a forex broker that has had experience setting up white labels in the past is key. A forex provider which has experience in this area need to be able to produce a full unbranded white label solution within 1 - 3 days. The branding of the trading platform might take a little more time as this must be done by Metaquotes you should always set aside an extra 10 days for this job. Providers like IC Markets in Australia are extremely skilled in offering white label Metatrader 4 platforms, they've got over 820 branded versions of their Metatrader 4 platform in brokerage companies in 48 over separate countries. IC Markets are on the list of the most knowledgeable broking companies when it comes to providing Metatrader 4 white label platforms to fx brokers and money managers. Also they are keen to work with start-up companies, which is great if you're a looking to create your own personal on-line forex brokerage company.
Forex brokers Spreads
Some fx brokers offering white label solutions are in truth not competitive just because their spreads are too wide. Many of the brokers that offer spreads which are simply not competitive are market maker providers, it is for this reason that you should always select an ECN forex broker if you're considering a white label partnership. IC Markets is the preferred forex broker for start up forex brokers to white label simply because they have the tightest spreads out of any broker globally. Their EUR/USD has an average spread of 0.1 pips, this is the lowest in the world.
Broker Versatility
When engaging in a white label agreement the fx broker that you white label will ask you to nominate the number of groups you would need. Groups in metatrader permit you to widen the spread or charge commission, in addition they permit you to do things like offer separate foreign exchange trading accounts along with paying interest on client account balances. Some fx brokers will impose restrictions on the quantity of groups that you can have in metatrader this is why it is quite vital that you only trade with brokers like IC Markets which have a significant amount of experience offering white label solutions. One extra advantage of trading IC Markets is they do not enforce any restrictions on the number of groups that you can have.
Metatrader 4 Manager Privileges
Metatrader 4 manager permits you to create customer accounts, place amend and delete traders and conduct a number of reports. Some fx brokers will not provide you with full Metatrader 4 manager privileges because of this you may not be able to run your business they way you might have liked to. It is necessary for you to have the ability to run your business effectively and deal with your clients queries, this is why you should always ask your fx broker to ensure that they have supplied you with full manager rights. Fortunately IC Markets whitelabel gives the total suite of manager rights to its clients.
About the Author:
So know you know what to ask your fx broker when considering a IC Markets whitelabel partnership. You must always do your research when finding a forex broker to partner with, however I can safely say that in my experience you cannot go wrong with IC Markets.
Thank you so much Adams..
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