A profitable business opportunity out of the million dollar Forex market
You should be congratulated if you are deciding to open a live Forex account! It can be assumed that are confident enough about the Forex trading procedures and have ample confidence on the use of the account controls. When you are ready to trade, you should immediately ask your trading service provider for a live account. Wait, one thing you should be reminded! Have you checked a few key factors before opening a live account in Forex?
Now we may have a look at some of the key benefits of being a white label trader:
Rebranding saves costs and timing– If you want to start developing your own product, you would be facing several issues from costing to technology and time investment. In white label, you just have to buy the ready product of the broker or the licensing banks and give it your name- rebrand it. Your business is ready to run.
Customized terms and instruments – You have the full right to customize the product you are buying under white label partnership. You can twist the terms and instruments according to your business flow without breaching the regulatory compliances which remain same for all. This would give your business unique edge over others and you could get improved credibility from your customers.
Security & stability and technology edge – You are not investing your time to select the best technology for developing your Forex trading software. You are already getting the latest technology in use within the ready product. It would come with security assurance from the seller and you can rely on the stability. All these mean you have more time to concentrate on the sales than any other aspect.
No hassle out of support systems – Most of the seller or the white label partners who are offering you the product would provide support against the same. So you do not have to tackle the support issues which could be a real problem for a new business. Setting a support cell also cost huge and needs the separate engagement of time to run properly. Going for a white label would save your business from these things.
A lucrative spread and commission structure – While you are a white label partner, you can enjoy really good commission and spread structure offered by your licensing partner. You do not have taken headache of creating and mainlining such structure, however, they will offer you the best you can get. They would also help you maintaining the edge in the market with the most profitable structure to attract customers.
So without thinking too much about branding, technology and support go for a white label partnership with one of the established brokers which offer you full white label software and technical support to give your own broking business a smooth start. Remember this could be one of those situations where less initial capital investment could lead to a very good profit for being a white label broker.