You can now quickly get a ready-made trading platform in just two weeks
If you were to start a brokerage business a few years ago, there would be so much cost involved, you would also spend a lot of time following up with developers, who can take months or even a year to complete a trading platform for you. Before rolling it out in the market, we must mention the tiresome process of ensuring your trading platform complies with the regulatory standards. Today, however, white-label brokerage solutions offered by accredited companies such as FintechFuel have implied the whole process. You can now quickly get a ready-made trading platform in just two weeks, isn’t that amazing? In this post, we look into more details of how a white brokerage platform can simplify your business.
Reduced Setup Time
As we just mentioned, one of the drawbacks of having someone develop a brokerage platform from scratch is the waste of time. The more time it takes to develop your business means you will not get into the market quickly enough. On the other hand, a White-label solution makes it easy to get into the market fast and start making your profits. This is major because there is usually no coding or intensive testing involved. Additionally, integrating essential features such as risk management tools, multi-asset trading capabilities, and client portals adds layers of complexity and delays.
All the tools and features needed for a brokerage business are pre-configured in white-label solutions. As a result, you can go to market in a few weeks as opposed to months. Brokers may begin onboarding clients, making money, and developing their brands without being mired in drawn-out development procedures by using a white-label platform. In the highly competitive financial environment of today, this speed-to-market advantage is especially important.
Cost Savings
In any business, money is always involved and you don’t want to waste a cent starting a brokerage business. Once again, building a brokerage platform from scratch is a long process that involves many resources. Starting from hiring a team of developers and designers to buying server infrastructure and further updates, the costs can be prohibitively high. In general, it is a dream that is too expensive for many who wish to become a broker.
White labels are a lot cheaper, being a fraction of the cost that would have arisen from custom development. Charges usually involve once-off setup and recurring licensing fees, which are many times cheaper than an investment in developing and maintaining proprietary platforms. Apart from this fact, as long as the platform has been developed and then tested, a broker is exempted from bug fixing costs and other costs to do with its upgrade, among others, that needed compliance checks.
Through a white-label solution, a broker saves funds, which are then free for other critical spheres of the firm’s activity, like marketing and customer acquisition and providing excellent support for one’s clients.
Access to Pre-Built Infrastructure
A brokerage business needs sound infrastructure that is well-equipped for easy and uninterrupted operation. This includes a safe trading platform, integrated payment gateways, risk management systems, and compliance tools. Building and maintaining this infrastructure yourself is often very challenging, especially for complete beginners in the business.
White-label brokerage platforms such as those offered by FintechFuel have ready infrastructure suitable for modern brokers and traders. These often include:
- Advanced Trading Tools: Intuitive trading dashboards, charting, and technical analysis indicators.
- Risk Management Systems: Automation of tools to monitor and manage risk exposure effectively.
- Regulatory Compliance Features: Inherent mechanisms for ensuring the adherence of global financial regulations.
- Scalability: Handle growing user bases, and increased trading volumes without a loss in performance.
Generally, the white-label platform offers a solid and secure backbone that brokers can depend on from day one. It means they will not have to bother with technical and operational challenges but focus on brand building and attracting more clients
Focus on Business Growth
Most people think starting a brokerage business is just about having a trading platform up and running. Apart from setting up a platform, you must also focus on acquiring and retaining clients and trying to stay ahead of the market. White-label solutions take the burden off brokers in terms of technical development and maintenance, freeing resources for growth-oriented activities.
The white-label platform will finally enable brokers to:
- Customize Their Brand: Many white-label providers can indeed go in deeper, customizing their platform for brokers-carving the feel of something truly belonging to them, down to logos, color schemes, and domain names-fitting perfectly for the relevant markets.
- Smoothen Marketing Activities: Since the broker isn’t struggling over the headache of developing their trading platform, they might invest more resources and time in marketing activities, engagement via social media, and educational programs for their clients.
- Enhance Customer Service: Having a ready-made platform means the operations will be smooth, and minimum chances of technical glitches that may piss off the clients. The broker then can attend to customer service with lots of passion to entail loyalty and trust from customers.
- Expand Offerings: While the back is covered, the broker can expand his business by offering other asset classes or introducing new trading features to meet the changing customer needs.
Finally
White-label brokerage platforms revolutionized the way new brokers get into the market. The typical obstacles to starting the brokerage business are removed thanks to its quicker startup times, lower setup costs, and instant access to infrastructure. This frees brokers from the burden of technical development and upkeep so they can concentrate on developing their brands, drawing in customers, and expanding their companies.
A white-label platform is an intelligent choice if you are finally ready to turn your brokerage vision into reality. With the right provider such as FintechFuel standing by your side means fast and efficient development of a professional, full-fledged brokerage business, which will lead to long-term success.