Cyprus has been a major center for retail FX/CFD Brokers for many years.
Any financial firm with a CySEC license had access to the entirety of the European Union. How to get your CySEC license?
Whether you are a new Forex broker or you have an established growing business, you realize just how complex the venture can be. Not only does your FX, CFD, and Crypto offering need top-notch technology to back it up, but the customer experience must be flawless with no hiccups or bottlenecks.
Gone are the days when a prospective FX, CFD, or Crypto broker could consider opening their business without a proper license from a regulated financial body. It doesn’t seem that long ago when many brokers were starting up with simply a registered company from exotic locations like Saint Vincent and the Grenadines or Saint Kitts and Nevis, among others. These countries, through their respective local financial service authorities, issued “exemptions” or “legal opinions” allowing brokers to carry out business from a local agent’s office address.
There are many reasons to create an FX/CFD brokerage under the White-Label business model. The myriad technical and financial elements required for a successful startup for a multi-asset broker may be too daunting or expensive in terms of manpower and time. This is where Leverate shines for its clients! We assemble all the necessary elements such as your market liquidity, a comprehensive CRM for full communication with your IBs and customers, social trading, and prop trading, just to name a few. Of course, as a leading technology provider, Leverate can incorporate your existing services into our white-label offering.
Essentially, there is a huge difference between a traditional FX Broker license, issued by a regulatory agency such as the FCA, CySEC, ASIC, etc., and a license to offer cryptocurrencies. The traditional FX licenses, as we all know, allow an FX Broker to offer many instruments to its clients and allow them to trade forex pairs, metals, crude oil, equities, indices, etc.
You, the white-label forex broker, have decided to go the white-label route for all the right reasons. It might be a turnkey solution that takes all the worry and hassle of finding individual partners and suppliers. It might be a decision based on the speed to market that a white-label solution offers. Or, in some cases, it is purely based on the cost of a white label versus a fully independent setup.
The Variety of White-Label Trading Platforms Available on Leverate: Choosing the Right Ones for your White-Label FX Brokerage
Anyone looking to start up as a white-label forex broker has myriad decisions to make: Do we go with a full turnkey solution? Or do we build it ourselves with selected modules and partners? Do we find our own forex liquidity providers? What trading platform should we choose?