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The Foreign Exchange (Forex) market is the largest and most liquid financial market globally, with an estimated 6$ trillion daily trading volume. For companies looking to enter this expanding industry quickly and easily, turnkey solutions offer a fast-track route: a ready-made platform that can be branded to meet businesses’ specific needs without investing in costly development resources.

What Is a Forex White Label Solution?

A turnkey solution, also known as a white label solution, is a tailored trading platform that provides all the necessary tools, features, and integrations to help a Forex brokerage rise quickly. Turnkey Forex broker software is an efficient and customizable solution that makes it easy to launch a brokerage. Entrepreneurs don’t have to build platforms from scratch with this innovative Forex solution.

Turnkey Forex broker is a sort of brokerage firm that provides financial services to traders while employing the technology and infrastructure of a third-party supplier under its own brand name. This makes it an excellent choice for small to medium-sized businesses wishing to enter the Forex market, as it enables business owners to provide the same trading services as established brokers without significant investment and effort.

Factors to Consider When Choosing a Trading Platform

When selecting a trading platform, it is critical to evaluate several aspects to ensure that you work with the best supplier for your company’s needs. These are some important variables to consider:  

• Search for a service that has a strong reputation in the business. Examine reviews and testimonials and inquire for demo versions to obtain a feel of their effectiveness and dependability.
• Regulatory compliance is one of the most crucial elements to consider when selecting a White Label brokerage supplier. To guarantee compliance with all applicable rules and regulations, check that the supplier is licensed and overseen by recognized regulatory agencies. Evaluate the quality of customer service provided by the company. 
• Search for a company that provides a wide range of services or features. Evaluate the provider’s trading instruments, which include Forex pairings, commodities, indices, and cryptocurrencies.
• Seek a service provider that offers 24/7 help via email, phone, and chat.

Top 3 Providers in 2023

Since we already discussed essential aspects of a turnkey solution, let’s overview top providers that offer top-notch services and the highest FX liquidity on the market.

• B2Broker

B2Broker is an international company founded in 2014 that assists brokerages and exchange firms in achieving their business objectives. It has served over 500 clients, including 298 corporate clients, 170 professional clients, and 32 institutional clients. B2Broker offers a turnkey solution for entrepreneurs interested in launching their Forex and crypto brokerage, and offers many useful services such as B2Core, PoP Liquidity, and payment service.

B2Broker provides over 1,000 financial products across seven asset classes, including 80 currency pairs, 12 CFDs on indices, 13 metal instruments, and over 1,000 financial instruments in crypto derivatives/CFD, indices, energy, equities CFD, and ETFs CFD. It also provides client-centered services including training, bonuses, sweepstakes, and investing services.

B2Broker’s Forex turnkey solutions offer a direct and efficient way for clients to access major Tier-1 FX liquidity venues, benefiting from a deep liquidity pool, fast execution speeds, and professional support. They come with competitive trading costs, margin requirements, and execution speeds of 12ms.

B2Broker offers a multicurrency-denominated margin account to minimize volatile risks between clients’ and brokers’ equity. It also provides a comprehensive solution for its clients, with a one-time setup fee of $5,000 and a monthly support fee of $2,000. Monthly fees vary depending on the services requested and customization needed.

• X Open Hub

X Open Hub is a division of XTB SA that offers white-label solutions for brokers, startups, and banks. They have over 12 years of experience, 250 IT professionals, and 100 partnerships to deliver top-notch services. They offer a Forex solution that allows brokers to differentiate themselves in the market. It is highly stable and reliable, with customizable securities settings, local time zones, reporting tools, and no limitation on the number of instruments.

X Open Hub provides clients a wide range of trading instruments, including 60+ currency pairs — majors, minors, and exotics. Company’s solutions are cloud-based, without hosting costs, and designed for speedy and high-quality execution. The company offers clients benefits such as $0 volume commission on OTC instruments, low effective spreads, no requotes, and deep liquidity on FX. It is regulated by FCA, KNF, CySec, IFSC, DFSA, and FSCA and operates under a robust regulatory framework to ensure the best interest of its clients.

XOH Trader is a customizable and modern front-end system that provides brokers with advanced charting tools, regulatory compliance, and mobile capabilities. The xManager back-office system is designed to help partners manage their clients, monitor live trading activity, set up different trading groups, spread markups, commissions, and users, and access a mobile app for account management and real-time financial trading. X Open Hub offers an express startup package with a trading platform, an intuitive back office system, and access to their premier liquidity. The company also provides consulting services for identifying initial broker requirements, meeting regulation standards, training and marketing, and 24/7 account manager support. In addition to Forex, X Open Hub provides deep institutional liquidity on 5,000+ international instruments, including indices, commodities, shares, ETFs, and crypto. Pricing is flexible and allows you to choose the services that align with your needs and budget.

• Interactive Brokers

Interactive Brokers (IBKR) offers turnkey Forex broker software, which allows them to create a branded trading platform for their clients. The multi-asset platform gives access to 150 markets across 33 countries and high customizability. Brokers can customize the user interface, risk management tools, and TWS. They can also manage user access rights, implement flexible fee structures, automate fee administration, and provide dynamic fee management with electronic invoicing.

The integration of TWS into white label offering allows Forex brokers to offer a trusted trading platform with a wide range of currency pairs, including primary and minor pairs. Additionally, traders can access Forex options, allowing them to trade options on currency pairs.

White labeling with IBKR allows brokers to offer competitive pricing on FX trading, benefit from IBKR’s transparent pricing model, and access interbank spreads without markups. Pricing depends on volume, currency pair, and account type. IBKR offers two types of accounts: commission-based and spread-based.

Final Takeaways

Lastly, choosing the correct turnkey Forex supplier is critical for the success of any brokerage business, particularly in the ever-changing Forex sector. By collaborating with a respected and trustworthy supplier, new brokers may use the provider’s knowledge, technology, and resources to provide customers with a comprehensive trading experience. This enables brokers to avoid technological issues and focus on their primary skills.