The MT4 white-label solution is the choice of many people looking to start a forex brokerage firm. Compared to the high costs and complicated procedures involved in a full-label solution, setting up a white-label forex brokerage firm is much easier and saves time on platform development.
Forex white-label services can be divided into three types: full white-label, semi-white-label, and limited white-label. Full white-label services provide a range of offerings, including regulatory registration, platform setup, and liquidity integration. A one-stop full white-label solution is a more efficient and convenient option for white-label forex brokerage firms.
Although white-label companies rely on white-label service providers for everything from company registration to platform development, they still have their own logos and attract customers under their own brand names.
Although the MT4 white-label solution is the mainstream option, MetaQuotes has tightened its MT4 review policies in the Asian forex market. “MetaQuotes may be considering withdrawing from the Asian market; they are particularly strict in reviewing materials submitted by applicants from China, Southeast Asia, and other regions,”according to industry insiders. “For example, in Malaysia, a white-label forex brokerage platform faced customer complaints due to operational issues. Some traders filed complaints directly with MetaQuotes, which subsequently revoked the entire main label license.”This means that the white-label technology provider can no longer use MetaQuotes’ license to conduct business.
So, with MT4 facing discontinuation, how can you set up a forex brokerage using a white-label solution? We recommend choosing the Sirix forex trading software. Sirix offers data migration services for MT4 trading software, including user profiles and trading history.The Sirix trading platform will make any trader feel right at home. With its extremely user-friendly interface, one-click execution, and intuitive dashboard—along with easy access to advanced indicators and chart analysis—the Sirix platform is the ideal choice for traders of all levels and styles. Sirix is available on the web, desktop, and mobile devices, offering a seamless trading experience.
The process for setting up a white-label forex brokerage company through Sirix is as follows:
(1) Select a white-label service provider
White-label services on the market are primarily provided by fintech vendors and large master-brand brokerage firms. When evaluating a white-label service provider, companies must comprehensively assess all aspects—from company registration and platform development to post-launch support—to determine whether the provider has sufficient experience to offer comprehensive and reliable technical and operational support.
(2) Registering an Overseas Company and Obtaining Regulatory Licenses
White-label companies must possess the necessary qualifications to operate overseas in order to conduct trading business. Since China does not have an authoritative foreign exchange regulatory body, white-label companies can choose to register in countries and regions such as the United States, the United Kingdom, and New Zealand, obtain local regulatory licenses, and be subject to oversight by local regulatory authorities.It is important to note that brokerage firms must carefully select their place of registration based on regional tax policies and other regulations, while also taking their own specific circumstances into account.
(3) Building a Trading Platform
White-label companies do not need to build their own trading platforms; they simply need to apply to Leverate, a Sirix white-label service provider, to directly use its trading software. The trading software is available for both web and mobile platforms. In addition, Sirix offers a ready-to-use app called TradingWeb, which allows companies to provide app services to iOS users without needing a developer account.
In addition, brokerage firms must set up servers for their trading platforms. White-label companies typically share servers with white-label service providers. Brokers need to ensure that the servers have high performance to guarantee that the trading platform runs smoothly and stably, and to prevent delays in trading.
(4) Liquidity Matching
Retail forex brokers need to partner with liquidity providers to establish their own liquidity pools, connect to the international interbank market to obtain liquidity quotes, and provide liquidity for forex trading orders.White-label companies can connect directly with liquidity providers or access liquidity through white-label service providers. Connecting directly with liquidity providers is challenging and costly, whereas accessing liquidity through white-label service providers not only saves time and effort but also provides more competitive pricing—making it a wiser choice for white-label brokerage firms.
(5) Setting Up a CRM System
A CRM system is a vital tool for brokerage firms to manage their clients. Generally, a CRM system should include features such as fund deposits, account management, user profile storage, and data analysis. A forex CRM system should be able to integrate various payment methods, accommodate different clients’ payment preferences, and provide convenience for clients’ fund deposits and trading activities.Fintech companies typically offer services to build CRM systems.
Although setting up a forex brokerage through a white-label model is simpler and more convenient than other methods, brokers still need to actively participate in every stage of platform development to stand out in the vast forex brokerage market.
We recommend choosing Leverate’s Sirix trading platform. Sirix has already served 300 brokers and is available on web, desktop, and mobile clients. Its ultra-high-performance servers ensure lag-free trading and extremely fast trade execution.
