10 Best White Label Forex Brokers for 2024

filippo ucchino

The best white label Forex brokers, according to our research, are:

  1. Interactive Brokers
  2. X Open Hub
  3. Leverate
  4. B2Broker
  5. FXCM
  6. Saxo Bank
  7. Soft-FX
  8. Dukascopy
  9. AvaTrade
  10. Tickmill

What are the best white label forex brokers?

Below our curated list and review of the best forex white label solutions, with details of features and characteristics.

1. Interactive Brokers

Interactive Brokers is a well-known brokerage firm that offers trading services for forex, stocks, options, futures, and other financial instruments. They offer a robust platform with advanced trading technology that appeals to experienced traders and investors. With low margin rates and tight spreads, they strive to provide their clients with competitive pricing.

Visit Interactive Brokers
74-89% of retail CFD accounts lose money

2. X Open Hub

X Open Hub is a popular forex white label solution provider known for its user-friendly platform and advanced trading technology. With an intuitive interface, traders can easily access a variety of trading tools and features, including multiple order types, real-time market data, and customizable charts. X Open Hub also offers comprehensive risk management solutions and seamless integration with third-party APIs. The platform is suitable for both new and experienced traders looking to start their own forex brokerage or enhance their existing one with cutting-edge technology.

Visit X Open Hub
(your money is at risk)

3. Leverate

Leverate is a provider of technology solutions for forex brokers. Their white label solution, Sirix, provides a customizable and user-friendly trading platform for both beginners and experienced traders. Leverate also offers a range of integrated tools for risk management, customization, and analysis. In addition, they are ready to provide technical support to ensure their clients’ systems run seamlessly. With over a decade of experience in the industry, Leverate is a reliable option for forex brokers seeking a turnkey white label solution.

Visit Leverate
(your money is at risk)

4. B2Broker

B2Broker is a technology and liquidity provider for the forex and crypto industry, offering turnkey solutions for brokers, start-up exchanges, and platforms. With its White Label package, B2Broker enables brokers to offer their clients a customizable and feature-rich trading experience. B2Broker’s robust infrastructure ensures low-latency execution, high-level security, and advanced reporting features to provide a seamless user experience. The platform also offers a CRM system, integrated payment gateway, and cutting-edge risk management tools to help brokers maximize their revenue.

Visit B2Broker
(your money is at risk)

5. FXCM

FXCM (Forex Capital Markets) is a leading global online forex trading and CFD broker. Established in 1999, they offer competitive pricing, robust trading tools and premium resources accompanied by excellent customer support. FXCM makes trading simple with its easy-to-use forex trading platforms, including the popular MetaTrader 4 (MT4) and the company’s own proprietary platform, Trading Station. The platform gives you access to over 300 tradable instruments, including forex, indices, commodities, and cryptocurrencies, along with no dealing desk (NDD) execution, meaning faster order execution speeds with no interference from a dealing desk.

Visit FXCM
66% of retail CFD accounts lose money

6. Saxo Bank

Saxo Bank is a well-established forex broker that offers access to multiple markets, including stocks, bonds, forex, and futures. The platform offers advanced trading tools and features that cater to both beginner and professional traders, such as news feeds, economic calendars, and real-time market data. Saxo Bank’s white label solutions have a great reputation among banks and other businesses seeking to offer investors access to a broader range of financial products under their brand name. The platform has received numerous industry awards for its innovative technology and user-friendly interface.

Visit Saxo Bank
65% of retail CFD accounts lose money

7. Soft-FX

Soft-FX is a leading provider of White Label Solutions catering to forex brokerage firms worldwide. Their cutting-edge technology allows clients to easily set up their own trading platform. The company offers a range of customizable solutions, ensuring flexibility and scalability for both startup and established firms. They provide advanced engineering alongside comprehensive support and project management that ensures minimal risk, significant cost savings, and quick launch to market. Their solutions offer state-of-the-art technology designed to match the ever changing demands of the forex industry.

Visit Soft-FX
(your money is at risk)

8. Dukascopy

Dukascopy is a Swiss-based online bank and forex broker that offers both white label services and a proprietary trading platform to clients. Their white label solution is designed to provide customization options to fit the needs of their partners, including access to over 60 currency pairs and competitive pricing. Additionally, their platform is known for its advanced charting capabilities and technical analysis tools, making it a popular choice for traders.

83% of retail CFD accounts lose money

9. AvaTrade

AvaTrade is a leading forex and CFD broker that offers trading solutions to traders from all corners of the world. The platform is known for its easy-to-use interface, advanced trading tools, and over 250 tradeable instruments. AvaTrade is also regulated by some of the top financial authorities in the world, including the Central Bank of Ireland and the Australian Securities and Investments Commission. Additionally, they offer automated trading solutions, educational resources, and excellent customer support.

Visit AvaTrade
(79% of retail CFD accounts lose money)

10. Tickmill

Tickmill offers a number of trading solutions to both institutional and retail clients. Founded in 2014, Tickmill has quickly established a reputation as a reliable and transparent provider of technology-focused trading products. The platform offers access to various markets with competitive spreads, speedy executions, and advanced tools for technical analysis. Tickmill’s white label solution grants brokers the flexibility to customize the platform according to their clients’ needs. Supported by cutting-edge trading technology, Tickmill is an excellent choice for any broker seeking an all-inclusive solution for their forex trading needs.

Visit Tickmill
79% of retail CFD accounts lose money

What are white label Forex brokers?

White label forex brokers refer to forex (Foreign Exchange) brokerage firms that provide a service where they offer their trading platforms and other backend infrastructure to third parties, allowing these third parties to brand and market the platform as their own.

They are also referred to as “white label solutions” or “white label programs”.

A “white label” refers to a product or service that is produced by one company but rebranded by another company to make it appear as if they made it. In the realm of the forex market, a white label solution enables a company to utilize another company’s forex trading platform under its own brand.

The white label provider (original brokerage) will provide the trading platform, often with customization options so the third party (new brokerage) can apply its branding, logo, and design elements. This includes the essential backend processes such as customer support, payment processing, and compliance. Depending on the arrangement, the original brokerage might handle these tasks, or the new brokerage might take them on.

For the third party, going for a white label solution is often more cost-effective than building a trading platform from scratch. It also allows for quicker market entry.

Typically, the original forex brokerage and the third-party broker will have a revenue-sharing arrangement. The exact details of this arrangement would depend on their agreement.

What are the types of white label solutions in forex?

We can distinguish between three different solutions or models deployed by white label brokers to run their operations:

Regardless of the chosen model, white label solutions are often the most feasible and affordable way for aspiring entrepreneurs to establish their own forex brokerage business without having to spend years on developing the required infrastructure to make a proprietary platform work. Most small-to-mid businesses simply don’t have the resources necessary to pull off such an operation, and white label providers offer them a way into the forex trading industry and all the potential profits that come with running a brokerage platform.

How Do Forex White Label Solution Providers Work?

White label providers offer all the backend of a contracted brokerage service. We already mentioned that this includes their proprietary technology and infrastructure required to accommodate and process high volumes of trades on a daily basis. Although it hits the nail on the head pretty well, it’s a rather vague explanation. Here is a comprehensive breakdown of all the services forex white label solution providers can offer to their clients:

As you can see, the providers of forex white label solutions can offer much more than just access to their platforms and infrastructure. Depending on your needs, budget, and the size of your team, you can rely on your providers to work with you on developing your platform and realizing your vision beyond merely receiving access to the tech that powers it. Of course, utilizing all of the services we listed above is going to come at a higher price.

How much does a forex white label solution cost?

A forex white label solution costs around $2,000 per month on average. This monthly fee typically covers the basic infrastructure, software, and technical support. On top of the monthly costs, there’s an initial setup fee, which is a one-time cost to get everything up and running. This initial setup fee tends to be around $10,000.

The final price, however, can vary based on several factors:

Is forex white labeling illegal?

White labeling is a legal and common practice in many fields, including forex trading.

However, while the practice of white labeling itself is not illegal, the way it’s conducted can fall under three main legal and regulatory requirements:

  1. Regulatory Compliance: Before offering financial services under a white label solution, one must obtain the necessary regulatory licenses. These regulations vary from country to country. Not being compliant means that you won’t be able to serve clients from specific regions, which can limit the scope and profitability of the business.
  2. AML Compliance: Anti-Money Laundering (AML) laws are a set of international regulations designed to prevent illegal financial activities. Every broker, including those operating under a white label solution, is required to adhere to these laws. This means profiling their clients with Know Your Customer (KYC) verifications to ensure that they’re not involved in any illicit financial activities.
  3. Contractual Compliance: When entering into a white label agreement, both the broker and the white label provider will have certain obligations and expectations outlined in their contract. It’s of utmost importance that both parties adhere to these terms to ensure smooth operations and avoid potential legal complications.

Obtaining a white label forex regulation

One of the most important things to consider when it comes to the legal issues of setting up a white label broker platform is the location of your provider’s registration. Certain jurisdictions have very strict trading laws and regulations that might often stifle the growth of your new platform. Others, on the other hand, are fairly relaxed, promoting growth, but also exposing brokerage platforms to a whole myriad of risks. It is generally advised to find a provider that’s registered in a jurisdiction that has a certain degree of regulation that protects your platform, but isn’t too strict to a point where it stifles growth.

Finally, while you don’t have to use a provider who’s in the exact same jurisdiction as yourself, it might be a good idea to partner up with one that’s registered in a country where the regulations are largely similar to those in your location.

How to Choose the Best White Label Forex Solution

Now that you have a basic idea of the white label forex solution industry, you can move on to selecting the provider that best suits your needs and preferences. But how exactly do you go about that? In this section, we’ll lay out some tips regarding what to look for in a white label forex solution.

Pros and Cons

Pros

Cons