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With an average daily trading volume of $6 trillion, the Foreign Exchange (Forex) market is the world’s largest and most liquid financial market. Turnkey solutions, also known as white label solutions, are customized trading platforms that include all of the tools, features, and interfaces required to assist a Forex brokerage in rapidly expanding. Several factors must be examined before selecting a trading platform. Including, a good reputation, reviews and testimonials. Moreover, regulatory compliance, customer care, a varied array of services or features, trading instruments, and 24-hour help.
Top 3 Providers in 2023
B2Broker:
B2Broker is an international company that was created in 2014 to help brokerages and exchange businesses achieve their business goals. It delivers over 1,000 financial products across seven asset classes. As well as, provides a complete solution for businesses interested in opening their Forex and crypto brokerage. It also offers client-focused services including training, incentives, sweepstakes, and investment. B2Broker’s Forex turnkey solutions provide clients with a direct and efficient means to access major Tier-1 FX liquidity venues, benefiting from a large liquidity pool, quick execution times, and expert assistance. It also provides a multicurrency margin account to reduce variable risks between clients’ and brokers’ equity. Monthly prices vary according to the services ordered and the level of customization required.
Open Hub X:
X Open Hub is an XTB SA business that provides white-label solutions for brokers, startups, and banks. They provide a very solid and reliable Forex solution with adjustable securities settings. Additionally, local time zones, reporting tools, and no restriction on the number of instruments. Price is adjustable, allowing consumers to select services that meet their needs and budget.
Interactive Brokers:
Interactive Brokers (IBKR) provides turnkey Forex broker software, allowing them to build a branded trading platform with access to 150 markets in 33 countries and a high level of customization. The multi-asset platform allows brokers to modify the user interface, risk management tools, and TWS and provides access to 150 markets in 33 countries. White labeling with IBKR enables brokers to offer competitive FX trading pricing. Moreover, take advantage of IBKR’s transparent pricing strategy, and access interbank spreads without markups. The volume, currency pair, and account type determine the price.
Bottom Line
Finally, selecting the right turnkey Forex provider is crucial for the success of any brokerage firm, especially in the volatile Forex market. By cooperating with a reputable and reliable supplier, new brokers may use the provider’s knowledge, technology. Also, resources to give consumers a holistic trading experience. This allows brokers to avoid technology concerns and concentrate on their core competencies.
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