The meaning of a white label forex broker
Are you looking to start a forex business? Then, do know what a white label forex broker means.
There are 2 ways to create a forex exchange or a forex brokerage:
Opening a company on your own which involves:
Forex has different rules and regulations from country to country. So, you have to decide the jurisdiction where you wish to operate carefully.
Therefore, it is wise to take legal counseling from a local expert before registering a forex company.
Capital requirements come first which differs from country to country. It usually is set by the jurisdiction which decides the registration till licenses.
Despite the country that you choose, you have to cover operating expenses for up to 1 year.
First of all, a brokerage should have a reliable and trustworthy payment service provider.
Adding to that, technology providers such as white label solutions are much needed. Make sure to partner up with companies that can provide complete assistance.
Strengthening online presence
A forex brokerage website where you can market the services that you offer is an essential.
This should cascade additional services in accordance with your trading platform. Doing some online marketing helps your brand promotion.
Back Office & CRM
A sturdy CRM is what retains customers in any brokerage business. Hence, a reliable customer support system to assist your customers at all levels grows your business.
Set up your back office with which you can provide a professional user-interface to your clients.
Because ensuring good customer support can potentially increase your customers’ trade and gain more loyal customers.
By utilizing a white label solution
You can utilize a white label solution to quickly jump into the business skipping all the setting up processes.
The provider with such offerings is the white label broker. As the provider already has a successful forex setup running, they provide services with which one can set up a forex business easily.
In simple words, a white label solution makes you a ‘store-front’ who provides you all the necessary services to operate a forex brokerage.
Launch FXM is such a white label forex broker meaning you are now just a few clicks away to get your forex needs.