The decision to start your own Forex brokerage is undoubtedly a complex one, requiring careful analysis of various business aspects. In today's technology-driven industry, one of the most critical decisions revolves around IT infrastructure. Questions such as where to host your services, who will maintain the FX Server, and how pricing quotes and trade execution will be handled need to be addressed. Many investors opt to partner with a reputable Technology Provider that offers White Label solutions, as it provides a secure and sensible choice. However, choosing the right and safest provider can be challenging.
Typically, investors have two paths to consider:
1. Purchasing a Forex White Label from an established Forex broker.
2. Selecting an independent FinTech provider.
Both options have their advantages and disadvantages. Opting for a solution from a well-known Forex broker offers the advantage of a proven track record in the volatile Forex market. However, there may be limitations, such as being restricted to an A-Book model, specific symbol pricing specifications, limited CRM customization and payment processor integration, or the inability to install individual plugins. Moreover, utilizing another broker's White Label solution can lead to conflicts of interest, potentially impacting your business. For instance, the risk of client database leakage, which could be accessed by the broker's sales team. If you have encountered any issues or face challenges in implementing upgrades to your FX White Label platform, it might be the right time to consider switching to another provider.
The second option for investors is to partner with an independent Technology Provider. This approach eliminates any conflicts of interest, as both parties share the common goal of making your business successful. Such providers offer comprehensive support not only in establishing your White Label broker platform but also in enhancing settings as your business grows.
However, with numerous technology providers offering similar services and conditions for setting up a White Label platform, finding the right partner can be daunting. While many providers offer features like Client Office, PAMM/MAM, and multilevel IB, the devil lies in the details, which become apparent in monthly charges that may fluctuate or increase repeatedly.
As a White Label Forex broker achieves success, attracts more clients, and experiences significant daily trading volumes, fees can escalate, significantly impacting profit margins. Many Forex White Label providers charge turnover fees ranging from $15 to $20 per million traded, which can amount to a substantial sum at the end of each month.
To avoid unpredictable charges and additional burdens, it is crucial to seek a White Label provider that offers fixed monthly fees, allowing you to fully enjoy the fruits of your success. By transitioning your White Label to Forex Inventory, you can enhance the profitability of your transaction flow by eliminating turnover fees. Instead, we charge a fixed monthly fee for our services, ensuring consistent and easily manageable costs for our clients. This means brokers can save on bridge's minimum monthly or turnover fees.
Moreover, Forex Inventory clients are exempt from minimum monthly fees for maintaining an A-Book hedge account.
We have already assisted numerous Forex Brokers in increasing their income by migrating to Forex Inventory's White Label solution. Our clients have saved between $1000 and $5000 per month in fees. If you are interested in cost optimization, let us know your current monthly fees, and we can estimate the potential savings for you. Furthermore, our Support Services are unparalleled compared to any other Tech Provider, ensuring you receive the utmost assistance and guidance throughout your partnership with Forex Inventory.
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