July 2020

Pros & Cons of Forex Whitelabel

Posted on July 20, 2020August 26, 2020 by James Patrick

The trading platforms depict some differences with each other. That is one reason why the traders ought to do detailed research while picking a trading platform over others. It is natural for you to have some questions in mind while starting your career as a broker. Also, you must identify a few of the easiest and quickest means of starting your own forex brokerage. It will help you reach out to your audience in no time.

You may reach out to an organization that delivers such services and enables you to rent a portion of their server besides pulling off your headache. In simple terms, for starting brokerage with a White Label provider, you must find a service provider that offers WL Forex brokerage.

How Significant Is White Label for a Business?

The process that one firm follows while buying the product of another firm and marketing it under its brand name is called White Label. Such an act is performed by a notable organization that possesses expertise worth years in handling the MetaTrader 4/5 with all its technical aspects. Besides all admissions, it will even give you access to the client terminal.

It will keep you from making any high-level initial investment while settling the buying process of your trading firm entirely. By opting for an MT4 Forex WL, you may accept the terms of a monthly pay off as you hire their services. Even for a server-side configuration and installation, it is likely to be a minimal setup fee as compared to other services.

Few Key Facts Concerning the White Label

Most traders are already aware of the fact that the trading devices and MetaTrader 4/5 platforms come with their specific advantages and disadvantages. You will even come across a few benefits and restrictions associated with the WL Forex programs.

Pros of the White Label

Low Initial Investment: Putting all your efforts towards buying the entire server could be risky, expensive, and challenging. You ought to get all issues concerning the trading market on your fingertips right at the very beginning. Only then it will be easier for you to set up your feature-laden trading platform while initiating your brokerage firm. However, the initial costs are much lower even when you acquire the same position as the WL model. You may easily avail the MT4 services and achieve the WL by meeting the monthly charge.

Easy Maintenance: You won’t need to cope with server rents if you hire the WL services. Before initiating the White Label, you won’t need to acquire the configurations of a trading platform. Also, you don’t need to penetrate through the specifications of trade deals. Most of the things are carried out by your White Label service provider.

Simplified Platform: A rookie trader finds it comfortable to step into the trading world when he finds a simple platform. The MetaTrader 4/5 is neither complicated nor is it equipped with features. Most beginners require more time to learn the facets of a sophisticated platform. The WL ensures a comfortable and accessible platform for the rookies. All that you require initially are for practicing and utilizing the MetaTrader 4/5 tools. Once you start using the platform, you won’t need much time to gain control.

Online Branding: Online Branding is all about helping the visitors identify with the presence of a business. By opting for MT4, you will enable your visitors to show the platform on their logo. This, in turn, will help in promoting their brand among the target audience. Remember that your clients would remain loyal to you once you succeed in winning over their trust. Associating the trading platform with a brand while starting brokerage will create more chances of popularizing it going forward.

Cons of the White Label

Reliance on Platform Creator: You will use the brokerage of new services while renting the server. It will not be possible for you to configure a vast majority of the MT4 server settings that are accessible. Besides, it might not even be possible for you to use the add-ons or plug-ins developed by third parties as it might slacken the whole MT4 server performance. While renting a server, the capacity of your work gets restricted.

Conclusion:

To some extent, you can fulfill the gap of reliance and control, which are amongst the most crucial downsides of the White Label. During the initial phases of your business, you will need to make small investments. You can make it happen by renting the platform through the initial stages.

It will become much easier for you to improve your MetaTrader 4/5 platform as your business acquires more clients while expanding. Tasting success with the newly-launched business gets easy when you hire a reliable and renowned service provider.

How to Compare Trading Platforms like MT4, MT5 and Ctrader

Posted on July 13, 2020August 26, 2020 by James Patrick

In Forex, the trading software integrates multiple indicators and plug-ins that render assistance in trading of currency pairs. The cTrader, MetaTrader5, and MetaTrader4 are amongst the most frequently used platforms used in the Forex market.

MetaQuotes had developed MetaTrader platform bearing MetaTrader5 and MetaTrader4. MT4 is a trading platform that has grown in multiple folds since its launch in 2010. Its successor MT5 has also become quite popular of late, but it still hasn’t got rid of the older version.

Both the versions show some common and rare features. For instance, MT4 as a software platform has some restrictions and looks pretty simplistic. While starting your forex brokerage you will be able to pick one of the 21 timeframes associated with MT5 or up to 9 timeframes associated with MT4. MQL5 and MQL4 are coding scripts that develop the technical scripts and pointers of MT5 and MT4 respectively.

Besides having an identical interface, MT4 and MT5 help traders in setting up their trades over an automated platform using expert advisors. The candlestick, bar, and line are the most popular form of charts that the three support. Similar steps have to be followed while choosing a specific type of chart.

The Spotware Company has rightly launched trading software like cTrader. In 2011, the cTrader was launched alongside MT5. Both of these have come up with pointers and plug-ins of a complex nature for their users. However, the cTrader even enables the users to make use of a dot chart and appears modern.

An Overview of cTrader, MT5, and MT4

Different trading plug-ins and instruments can be availed with Forex brokers. It is crucial for a trader to choose his broker carefully while trading in Forex securities.

The brokers deliver codes that can make it simpler for a trader to consider various trading asses and open positions. The cTrader, MetaTrader5, and MetaTrader4 are among software that is most frequently used for trading purposes. Most traders have used these trading platforms and have known their similarities and differences.

A Small Programming Background

Before you take the plunge in doing a fair platform comparison, check out the idea and reasons behind their creation.

In 2005, MetaQuotes had launched their newest trading software in the form of MT4. The software was primarily responsible for altering the whole trading scenario by replacing all other MetaTrader programs that ruled the time. Besides offering an improved platform, the main objective of the platform was to improve the stability of the server. It was a platform that sufficed the needs of both the rookie and experienced players. MetaQuotes had launched the latest MetaTrader version (MT5) in 2010. A few add-ons have been introduced for the software with the latest version.

The new programming source equips traders with features that help them trade in various commodities, known stocks, and other instruments. The year 2011 saw the introduction of major trading software called cTrader. A few unique tools and securities were introduced with cTrader as it happened with MT5. However, the cTrader interface and layout seemed more advanced in comparison to the MetaTrader programs. The C# language involved in it is quite common and enables developers to innovate different tools and programming scripts.

Uniqueness of Designs

Both programs share some unique properties and similarities in between. The designing aspect of MT5 and MT4 has been the same as these platforms owe their release to the same organization. Alongside the interface, there are a few other elements like a market-watch and chart forms wherein the platforms depict similar programming features. Considering Forex pairs of the most popular type, there are four live charts occupying most of the screen. The user can alter the stock layout as per the need. The screen even has its bottom and left segments showing different indicators and plug-ins for use.

The cTrader comes with an advanced and yet simple design. The fact that it enables the interface to change its theme is one of the program’s key advantages. You may choose any of its dark and light shades while choosing a theme. Although it appears to be very clean, the interface brings froth numerous charts, indicators, instruments, and tools that are favorable for trading.

The cTrader even has a unique layout for its chart as compared to MetaTrader4/5. The central position of its interface holds a single chart that can now accommodate four distinguishable charts. That is why cTrader holds more room at the lower end for containing the position details as against the MT4/5. Likewise, cTrader even extends more space on the left for containing the trading instruments.

How To Choose a reliable MT4/MT5 Whitelabel Provider

Posted on July 6, 2020August 26, 2020 by James Patrick

Securing a world-class White Label platform for trading is necessary while running a Forex Brokerage. While narrowing down your choice of a Forex technology service provider you must keep this crucial point in mind.

Committing a grave mistake in forex brokerage might cost you dearly; you must think twice before picking a platform that offers its services. You must check out the background of your prospective WL technology provider and do extensive research on their technology before starting your forex brokerage.

Offering an Efficient Forex Platform Running White Label Technology

You may find it necessary to acquire some knowledge on all of the platforms that you come across in the marketplace. For that, you will need to identify the views shared by Forex technology experts that created the world-class MetaTrader4/5 trading platform. An application or software that supports the trading logic helps in establishing a trading platform. The concept behind all such software follows the same principle.
All of the software tools are ideally designed for trading and they will enable you to explore several trading options. The fact that these platforms are developed for multiple target markets helps them provide for so many options. Picking the appropriate trading software holds the key to your brokerage success at the very beginning.

Determining the Best MetaTrader4 White Label Technology Service

The most popular forex platform is the MetaTrader 4/5, which was developed by MetaQuotes. The MT4 platform yields the most sought after solution for global traders even today. What could be the reason for you to leave a proprietary trading solution and opt for mt4 white label solutions? MT4 doesn’t restrict your trading opportunities with a proprietary design rather it gives you the much-needed freedom to trade in a specific way that you favor.

Reviewing a Plethora of Forex Trading Platforms

The technology that you use will help you determine the most appropriate mt4 white label provider. You must ensure that you pick a platform that runs a very effective and quick programming technology. You may need to use it across a plethora of smart devices and hence it has to be responsive in look and feel. That is why it is even more important for you to check the platforms and know if your favorite prospect supports them

Ascertaining All Necessary Technologies

Various systems supporting your business and its back-end demand the assistance of advanced technology. Such technologies should support the smooth integration of various tools that deliver unique functionalities. A plethora of trading facets would come with MT4 including various smart applications, an easily accessible station, web traders and few specific Windows and iOS support features.

In an attempt to choose your MT4 white label provider, you are zeroing in on your forex technology service provider. That way, you are comparing and choosing the best provider of WL MetaTrader 4/5 for all variation that you need.

Back-End and CRM Support

Make sure you avail all crucial technology solutions from your MT4 White Label provider. It must include a simple customizable back-end support feature alongside a dynamic CRM system. Integrating all of your customer details is important and you ought to maintain things cohesively. It will help you gain access to all crucial business information based on research and development. It will help you in running all operations smoothly and accurately in the long run.

Appropriate CRM Solution for Management and Integration

For those of you that wish to fulfill the demands mentioned above, it is essential to use a CRM Management and Integration tuned with any Forex solution. Such CRM systems are designed to extend support to forex brokers and can help you manage details of a large volume of sales accurately.

The features of CRM and back-office systems that reign the global trading arena are quite amazing as they yield unique functionalities with great insights, experience, analytics, and privacy.

Summing Things Up

Only a world-class service provider can render high-quality service like Professional consulting. Their workforce must comprise of professionals that are thoroughly experienced and dedicated. They will assist you in navigating through the various steps and options of starting a brokerage. In doing so, they will also ensure that you achieve successful outcomes with thick and thin.

Month: July 2020