There are actually allot of fx brokers that offer whitelabel solutions to smaller forex brokers but if you are searching for a company which can provide a whitelabel version of Metatrader 4 you will discover a number of things you ought to look at ahead of signing any contracts.
Metatrader 4 is not surprisingly the world's hottest forex trading platform and it's no surprise that there are tens of thousands of forex brokers throughout the world offering the platform. Before you become one of these forex brokers you ought to consider a couple of essential elements when looking for another broker who's platform you can white label.
The key points are:
1. The knowledge that the forex provider you've selected has in offering white label partnerships
2. The prices that the forex broker offers you
3. The flexibly that the forex broker provides in creating separate groups with spread mark-ups.
4. The manager privileges that the forex broker provides
In my opinion these are the main factors that you need to consider before selecting a forex broker to white label and starting your own brokerage firm. I will touch on each of these items below.
Brokers White Labeling experience
Not surprisingly choosing a fx broker who has had experience establishing white labels in the past is essential. A forex broker which has experience in this area should be able to provide a full unbranded white label solution in 1 - 3 days. The branding of the platform may take slightly longer as this has to be done by Metaquotes you must always allow a further 10 days for this task. Brokers like IC Markets in Australia are very experienced in offering white label Metatrader 4 platforms, they have got over 820 branded versions of their Metatrader 4 platform in brokerage firms in forty eight over different countries. IC Markets are one of the most qualified broking companies when it comes to providing Metatrader 4 white label platforms to forex brokers and money managers. Also they are prepared to work with start-up companies, which is great if you're a wanting to start your own personal on-line fx brokerage business.
Forex brokers Spreads
Some forex brokers offering white label solutions are really not competitive just because their prices are too wide. Many of the brokers that offer spreads that are simply not competitive are market maker forex brokers, it is because of this that you should choose an ECN forex provider if you are considering a white label partnership. IC Markets is the most well-liked forex broker for start up providers to white label simply because they have the tightest spreads out of any forex broker globally. Their EUR/USD has an average spread of 0.1 pips, this is the lowest in the world.
Fx broker Flexibility
When engaging in a white label agreement the broker who you white label will ask you to nominate what number of groups you'd need. Groups in metatrader allow you to widen the spread or charge commission, they also permit you to do things like offer separate foreign exchange trading accounts as well as paying interest on customers account balances. Some providers will impose limitations on the quantity of groups which you can have in metatrader this is why it is very vital that you only deal with fx brokers like IC Markets who have a significant amount of experience offering white label solutions. One additional benefit of dealing with IC Markets is that they do not impose any limitations on the number of groups which you can have.
Metatrader 4 Manager Privileges
Metatrader 4 manager lets you create customer trading accounts, place amend and delete traders and run a number of reports. Some fx brokers will not provide you with full Metatrader 4 manager privileges so all in all you might not have the ability to run your business they way you might have liked to. It's important for you to be able to conduct your business successfully and deal with your customers queries, this is why you must always ask your forex provider to ensure that they've supplied you with full manager rights. Luckily IC Markets whitelabel gives the full suite of manager privileges to its clients.
Metatrader 4 is not surprisingly the world's hottest forex trading platform and it's no surprise that there are tens of thousands of forex brokers throughout the world offering the platform. Before you become one of these forex brokers you ought to consider a couple of essential elements when looking for another broker who's platform you can white label.
The key points are:
1. The knowledge that the forex provider you've selected has in offering white label partnerships
2. The prices that the forex broker offers you
3. The flexibly that the forex broker provides in creating separate groups with spread mark-ups.
4. The manager privileges that the forex broker provides
In my opinion these are the main factors that you need to consider before selecting a forex broker to white label and starting your own brokerage firm. I will touch on each of these items below.
Brokers White Labeling experience
Not surprisingly choosing a fx broker who has had experience establishing white labels in the past is essential. A forex broker which has experience in this area should be able to provide a full unbranded white label solution in 1 - 3 days. The branding of the platform may take slightly longer as this has to be done by Metaquotes you must always allow a further 10 days for this task. Brokers like IC Markets in Australia are very experienced in offering white label Metatrader 4 platforms, they have got over 820 branded versions of their Metatrader 4 platform in brokerage firms in forty eight over different countries. IC Markets are one of the most qualified broking companies when it comes to providing Metatrader 4 white label platforms to forex brokers and money managers. Also they are prepared to work with start-up companies, which is great if you're a wanting to start your own personal on-line fx brokerage business.
Forex brokers Spreads
Some forex brokers offering white label solutions are really not competitive just because their prices are too wide. Many of the brokers that offer spreads that are simply not competitive are market maker forex brokers, it is because of this that you should choose an ECN forex provider if you are considering a white label partnership. IC Markets is the most well-liked forex broker for start up providers to white label simply because they have the tightest spreads out of any forex broker globally. Their EUR/USD has an average spread of 0.1 pips, this is the lowest in the world.
Fx broker Flexibility
When engaging in a white label agreement the broker who you white label will ask you to nominate what number of groups you'd need. Groups in metatrader allow you to widen the spread or charge commission, they also permit you to do things like offer separate foreign exchange trading accounts as well as paying interest on customers account balances. Some providers will impose limitations on the quantity of groups which you can have in metatrader this is why it is very vital that you only deal with fx brokers like IC Markets who have a significant amount of experience offering white label solutions. One additional benefit of dealing with IC Markets is that they do not impose any limitations on the number of groups which you can have.
Metatrader 4 Manager Privileges
Metatrader 4 manager lets you create customer trading accounts, place amend and delete traders and run a number of reports. Some fx brokers will not provide you with full Metatrader 4 manager privileges so all in all you might not have the ability to run your business they way you might have liked to. It's important for you to be able to conduct your business successfully and deal with your customers queries, this is why you must always ask your forex provider to ensure that they've supplied you with full manager rights. Luckily IC Markets whitelabel gives the full suite of manager privileges to its clients.
About the Author:
So know you know what to ask your forex broker when thinking about a IC Markets whitelabel partnership. You should always do your research when selecting a forex provider to partner with, however I can safely say that in my experience you can't go wrong with IC Markets.
