Top-3 Most Widespread White Label Solutions For Forex brokers
Articles
When a newcomer broker enters the Forex market, the search for a trading platform is among the core tasks to face. The two ways are possible – either to purchase software from the development company and deploy the platform, adjusting it to the individual needs, or to prefer White Label solutions. According to statistics, 85% of beginner brokers pave the second way.
What are the main benefits of WL solutions?
These products provide newcomer brokers with a wide range of pros:
- WL platforms save your money, while the software purchase may cost a business owner 5-10 times higher.
- Companies that help implement White Label products maintain brokers and provide them with constant support.
- Companies set up trading platforms in correspondence with your personal demands. This said, a broker may get some plugins, additional instruments, and more to grant traders a high-quality and functional interface.
- A WL solution implies the fullest complex of services, while brokers don’t need to dive into the peculiarities.
Which White Label solutions are the most widespread for Forex brokers?
MetaTrader 4. Timeless classics
The MetaQuotes Software introduced MT 4 in 2005, and since then this trading platform has still been heading the ranking of trading platforms. Meanwhile, the MT4 cost is about $100 000 – brokers face too many expenses at the start of their way.
The MetaTrader 4 solution is the most in-demand platform, leveraged by more than 30% of brokers and by more than 50% of traders globally. A wide range of trading instruments, chart modes, additional elements empowers traders to make profound market analysis. According to analysts, this solution is equally useful for newcomers and professional traders.
As such, the vast majority of beginner brokers prefer to get this MetaTrader White Label solution with a set of plugins and individual setups.
MetaTrader 5. The next generation of trading
The statistics show that MT 5 is the second popular global trading platform. The fifth version of MetaTrader has got some new features and advanced functionality compared to the previous one. Furthermore, this solution is compatible with multiple markets (MT 4 is designed for the Forex market exceptionally).
The overall price of this trading platform is about $200 000 if to mention additional expenses for maintenance and setups. As for the alternatives, this Forex White Label cost is somehow 10 times cheaper.
This said, brokers get a chance to implement the most functional and effective trading platform by minimum prices.
DX Trade platform
This platform is developed by the DX Trade company, and brokers get a straightforward solution, empowering their traders with an improved interface, built-in economic calendar, and a set of basic instruments to analyze the market. This trading platform is compatible with FX and CFD markets.
Where to get a WL solution for a Forex broker?
While going to enter the market, you need a trustworthy company to cooperate with. B2Broker is an industry leader that strives for perfection in every detail. The company suggests brokers implement high-end turnkey global Forex solutions and conquer the industry from the very beginning. Aside from White Label trading platforms, brokers get access to innovative products developed by B2Broker experts (B2Trader or B2Margin core products, for instance).
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