Do you ever thought about building up your own business based on what you do better, that’s forex trading, so any experience or any knowledge about Introducing Brokerage, or White labeling, how does this work? Do anyone try Whit Labeling?
You can become an IB or White-Label but both need knowledge and expertise. Becoming an IB is easier because it only requires knowledge and commitment (sometimes money, depending on the level you want to work at). However, white label is entirely another dimension requiring financial capital, technology and industry links. Yes, you can built a business around either one of these models.
Thanks UMAF for your information, in fact IB or affiliation isn’t any hard to start, no need any capital or something, I’m just curious to know if anyone has made the next step and start something in that direction and if finally is this making money?
I would say it depends on how you want to spend your time. We have clients generating revenue with both methods.
Being an IB means you refer clients to a brokerage firm and earn a commission from their volume. As a WL, you would be a money manager and make investments yourself. The investment capital can be your own, or you can use OPM (other peoples’ money).
Using a WL provider (like StratFX, for example) allows you to do this without any upfront fees, but still receive a suite of software trading tools with your firm’s name/logo on them.
Hello,
i will suggest you to start as brokerage business.
i will also suggest you start brokerage with whitelabel solution
And i have found that Mobius trader 7 is good trading platform if you are planning to start your brokerage business
This platform has pre-included features like CRM, Trader’s room. copy trading, IB area, and PSP
If you need any information about this platform , you can directly search on google about this platform. As i have found it Finovace UK providing this platform at affordable cost
Hope this will help you
Thank you