Forex – the foreign exchange market, is a global financial market where currencies are traded. Forex is the biggest financial market characterised by great liquidity, with an approximate trading volume of $6 trillion daily.

This market is relatively old, with established brokerages trading for investors for years and years, making the entry barriers quite high. Therefore, if you want to expand and invest in this market, you need to find proper Forex turnkey solutions to facilitate your entry into this highly competitive market.

Turnkey solutions offer ready-to-use platforms that meet your requirements. Then, all you need to do is to brand and launch it.

Understanding FX White Label Solution

White label solution, also known as a turnkey solution, is custom-made software that provides the broker with custom features, options, and solutions to launch and expand their trading platform successfully.

The main feature of the turnkey solution is being easy to use and time-saving. It facilitates the process of launching a Forex brokerage and saves time by offering easily integrated solutions without building anything from scratch.

Therefore, brokers can start offering traders financial services and trading activities using smart solutions offered by a Forex WL turnkey solution.

This smart solution lowers the entry barriers for new brokerage firms to compete against well-established ones, which is a cost-saving option as well.

How To Choose a Trading Platform

There are several criteria that you need to look for in the trading platform. This is to ensure top-notch trading services for your clients and an easy-to-use platform for your brokers.

• Check the reputation and reviews of the white label trading platform. Make sure it has a positive reputation among traders, and use a demo version to test things first.
• Ensure the WL software provider fully complies with applicable rules and regulations. Check the working license and ensure it is valid and abides by regulatory laws.
• Check out the list of services the software provides and ensure you find the features you want to adopt in your trading platform, including markets, trading instruments, trading options, etc.
• Test the customer service and the level of response you receive on any inquiry. It’s better to find a Forex white label solution provider that works 24/7 and with multiple communication channels.

Top 3 Providers in 2023

You can find a wide range of turnkey solution providers. However, only a few offer reliable services with the highest liquidity in the market. These include

B2Broker

Founded in 2014, B2Broker is a global company helping brokers and exchanges thrive and expand their businesses. The company serves more than 500 corporate, professional, and institutional clients.

B2Broker provides firms with sophisticated turnkey solutions to launch and develop their Forex and crypto brokerages. Additionally, the company offers a comprehensive package of services, including B2Core, PoP Liquidity, and payment services.

B2Broker offers +1,000 financial instruments over eight asset classes, including currency pairs, indices, indices CFD, NDFs, commodities, crypto CFDs, equities and ETF CFDs. Besides, clients enjoy B2Broker’s customer-oriented services such as bonuses, training, competitions, and other investing services.

The advanced Forex turnkey solutions B2Broker offer feature direct access to major 1st Tier FX liquidity venues, allowing brokers to enjoy high liquidity, fast trading execution, and ongoing support. Therefore, B2Broker’s clients enjoy advantageous trading costs, spreads, and minimum slippage time.

X Open Hub

X Open Hub, a branch of XTB SA, provides WL solutions for a wide range of clients, including brokers, startups, and banks. The company benefits from over a decade of experience, a team of 250 IT experts, and 100 partnerships to deliver exceptional services.

Their Forex solution empowers brokers to stand out in the market, boasting stability, customisable settings, and robust reporting tools, with no volume commission on over-the-counter instruments, tight spreads, no rebates, and high FX liquidity.

X Open Hub trading instruments include 60+ currency pairs, offering top-notch trading tools with mobile compatibility. The company offers cloud-based software without hosting costs, created primarily to provide fast execution.

X Open Hub’s clients enjoy high institutional liquidity on 5,000+ global assets like stocks, commodities, crypto, ETFs, and indices, with a flexible pricing policy allowing partners to choose between services and budgets.

Interactive Brokers

IBKR provides trading solutions for brokers, allowing them to brand themselves based on their client’s preferences and create their own trading platform. With this ingenious approach, business may be conducted in 150 marketplaces across 33 nations.

IBKB also provides a flexible trading platform with powerful risk management capabilities and a user-friendly interface that can be customised to each trader’s needs. User access control, built-in charge structures, automated fee administration, and electronic invoicing are some further examples of tailor-made solutions.

IBKR’s white label solution enables brokers to offer the best trading rates using IBKR’s transparent pricing model, which depends on volume, currency pair, and account type. You can find two account types: commission-based and spread-based.

Conclusion

Finding the right Forex turnkey solution is tricky because there are many custom options and features available. However, identifying your needs first can help you narrow down your options.

Choosing a reliable FX WL solution can boost your business in this rapidly moving market and put you in direct competition with key industry players, where you can drive and grow your business.

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• Source: Plato Data Intelligence.