The Foreign Exchange (Forex) market is the world’s largest and most liquid financial market, with an estimated $7.5 trillion in daily trading volume. As the Forex industry continues to expand, more companies are seeking to enter the market and offer their own branded trading platforms.
However, building a Forex platform from scratch can be time-consuming, technically complex, and expensive. This is where White Label Forex brokers and providers come in. Without significant development resources, businesses and startups can quickly launch a branded Forex platform using a white label solution – leveraging proven trading technology, liquidity infrastructure, and back-office systems.
In this article, we explore the best white label brokers and providers, taking a closer look at their features and what makes each stand out from the competition. Whether you’re considering launching your own Forex brokerage using a white label solution or simply want to learn more about how this segment of the industry works, this guide will give you the foundations you need.
What is a white label forex broker?
A white label Forex broker is a brokerage that offers trading services to clients under its own brand name, while operating on the technology and infrastructure provided by a third-party. This model is particularly well-suited to small and medium-sized firms looking to enter the Forex industry – allowing them to offer comparable trading services to established brokers without the substantial upfront investment in proprietary technology development.
White label Forex brokers typically operate under one of three execution models:
- A-book: trades are passed directly to a liquidity provider, with the broker earning revenue through commissions and mark-ups on the spread;
- B-book: the broker takes the opposite side of client trades, earning revenue through client losses and trading-volume spreads;
- Hybrid: combines elements of both A-book and B-book, letting the broker route different client orders through different execution models based on profitability and risk-management criteria.
Pros and cons of white label forex brokers
Using a white label Forex broker can offer significant benefits, regardless of which business model you choose. It can help you save valuable time and resources while enabling you to concentrate on building your brand and delivering high-quality client service. Let’s look at the main pros and cons of working with a white label Forex broker.
Pros
-
Faster time-to-market: When using a white label Forex broker, you can bring your products and services to market much quicker than if you were to build your platform from scratch. This is because you can leverage the technology and infrastructure of the third-party provider, which has already been established.
-
Cost-effective: Creating a trading platform from scratch can be expensive. Thus, utilizing an existing platform reduces development costs and saves money.
-
Enhanced branding: Since you saved time and money, you can focus all your resources on building your brand and developing client relationships
- Access to expert support: White label Forex providers offer extensive technical support, customer service, and compliance expertise that can be difficult to match with an in-house support system.
Cons
-
Limited customization: The white label Forex provider usually pre-determines the level of customization of its platform and trading tools.
-
High costs in the short run: While using a white label Forex broker can save money in the long run, there may be higher initial costs. Some providers may charge setup fees or require minimum monthly fees, which can add up and eat into the broker’s profits, especially if they have low transaction volume. If the customer base does not increase, you might end up paying high fees.
- Dependence on third-party providers: White label Forex brokers rely on their provider’s technology and infrastructure. As such, if the provider experiences technical difficulties or goes out of business, it can significantly impact the broker’s operations.
Best White Label forex brokerage providers
Interactive Brokers
Established and experienced broker (NASDAQ: IBKR, S&P 500 since 2024) with customisable services for professional advisors and white-label partners, offering fast and efficient access to 170+ global markets alongside institutional-grade risk management tools.
Quadcode
A fully regulated, award-winning fintech provider with advanced trading technology, deep customisation capabilities, an intuitive interface, and robust security protocols – delivering global turnkey brokerage solutions across Forex, CFDs, options, and commodities.
X Open Hub
Regulated UK white label provider (part of the XTB Group) offering multi-asset liquidity and advanced trading technology to financial institutions and retail brokerage firms worldwide.
B2Broker
White label provider offering advanced Forex and crypto solutions – including MetaTrader 4, MetaTrader 5, and cTrader integrations – tailored for brokerages and crypto exchange operators.
Leverate
Established brokerage technology and services provider offering a comprehensive suite of solutions through its SaaS trading platform – including Forex, CFDs, crypto, and advanced social trading features.
Soft-FX
A Forex white label provider offering the TickTrader Trading Platform, along with multi-level liquidity aggregation, functional back-office systems, and other tools designed to simplify the launch of a startup brokerage.
Interactive Brokers at a glance
Interactive Brokers (IBKR) offers a white label programme for Forex brokers, allowing them to leverage IBKR’s technology and infrastructure to launch a branded trading platform for their clients. IBKR’s white label programme is particularly beneficial for Forex brokers who want to expand beyond Forex into other asset classes such as equities, futures, options, and bonds. With IBKR’s multi-asset platform, brokers can provide their clients with access to a wide range of financial instruments across 170+ markets in 36+ countries.
The programme offers extensive customisation, allowing brokers to tailor the platform to their specific needs and preferences. This includes customising the user interface, risk management tools, and IBKR’s Trader Workstation (TWS) itself. Brokers can also manage user access rights, implement flexible fee structures, automate fee administration, and provide dynamic fee management with electronic invoicing. Here is a short video about IBKR’s white branding process:
The integration of TWS into white labelling allows Forex brokers to offer their clients a well-established and trusted trading platform with a wide range of currency pairs. IBKR offers over 100 currency pairs for trading, including majors like EUR/USD, USD/JPY, and GBP/USD, as well as minors and exotic pairs. Traders can also access Forex options through the TWS platform, allowing them to trade options on currency pairs.
When integrated into white labelling, the platform’s features and benefits remain fully available to the broker’s clients – with the added advantage of having the broker’s brand front and centre.
White labelling with IBKR allows brokers to offer their clients competitive FX pricing by leveraging IBKR’s deep liquidity pool and advanced execution technology. Brokers can also benefit from IBKR’s transparent pricing model and the ability to access interbank spreads without markups, which is especially attractive to professional traders and institutional clients.
FX trading pricing depends on the volume traded, the currency pair, and the account type. IBKR offers two account structures for FX trading: a commission-based account and a spread-based account.
The white branding fee for IBKR is not publicly disclosed and varies depending on the level of customisation needed and each broker’s specific requirements. To obtain an accurate quote, you’ll need to contact IBKR directly and discuss the requirements. The application review process typically takes 2-3 weeks, with an initial funding requirement of $10,000, which is applied towards the first five months of commissions.
Quadcode at a glance
Quadcode is a global multi-brand fintech leader, creating user-friendly fintech solutions for B2B clients since 2013. The company oversees 9 innovative projects across investment, banking, and white-label brokerage, with a focus on advanced trading platforms, neobanking, proprietary trading, and education.
Quadcode’s white-label solution provides clients with a full brokerage business tailored to their needs, powering over 150 million trading accounts in 170+ countries. It serves brokerage firms and financial institutions seeking off-the-shelf fintech solutions that redefine industry standards.
Among other recognitions, Quadcode received the 2023 UF AWARD for Best All-in-One Brokerage Solution for its excellence in the fintech industry.
Quadcode’s white-label brokerage platform is designed for the retail Forex, options, indices, commodities, crypto, and CFD industry. Its flagship trading platform, with 99.5% uptime, has been developed as a turnkey white-label solution offering a swift launch of a fully customisable brokerage platform from scratch in roughly 6 months – skipping the hassle of installation, setup, support, and updates.
This all-inclusive solution offers ready-to-go brokerage infrastructure, allowing you to eliminate development concerns and concentrate on marketing and client acquisition.
Quadcode provides anti-fraud tools, customisable trading conditions, payment gateways configuration (over 200 international and local options), dealing desk, hosting (a security monitoring team, tiered access to data, and a PCI DSS licence), KYC/AML/compliance, CRM and affiliate modules, and tech and client support via ticketing system, live chats, chatbots, and a telephony system. It also offers an advanced trading toolset including Stop Loss/Take Profit, pending orders, trailing stops, portfolio management, and technical analysis tools.
With over 60% of traders actively engaging in mobile trading, the platform offers a modern UI across Web, Desktop, PWA, iOS, and Android – enabling brokers to meet client needs and reach a broader audience. Quadcode’s mobile client features a sleek, modern design with multi-chart layouts, diverse alerts and widgets, and over 100 free technical indicators, making it an ideal platform for trading on the go.
With Quadcode, you can add a personal touch to your traderoom by choosing a logo, colour scheme, and trading tools to help your brand stand out.
X Open Hub at a glance
69-80% of retail CFD accounts lose money.
X Open Hub is a division of XTB SA (Warsaw Stock Exchange-listed) that offers white-label solutions for brokers, startups, and banks. With over 12 years of experience, a team of more than 250 IT professionals, and 100+ partnerships, X Open Hub has built a strong track record in delivering top-tier services to its clients.
The X Open Hub White Label Forex Solution allows brokers to differentiate themselves and meet client demand by creating new front-end trading systems through its API. The platform is highly stable and reliable, while its flexible back-office system supports fully customisable securities settings, local time zones for clients and reporting tools, with no limitation on the number of instruments.
X Open Hub provides clients with a wide range of trading instruments, including 60+ currency pairs across majors, minors, and exotics. The platform is cloud-based with no hosting costs and is designed for fast, high-quality execution. X Open Hub offers ultra-fast feeds and execution through multiple connectivity options – FIX 4.3, FIX 4.4, xAPI, MT4/MT5 Gateways, or Bridge Providers. Client benefits include $0 volume commission on OTC instruments, low effective spreads, no requotes, and deep FX liquidity. X Open Hub is regulated by the FCA, KNF, CySEC, IFSC, DFSA, and FSCA, operating under a robust regulatory framework to protect client interests.
The XOH Trader platform provides brokers with a customisable, modern front-end system, including advanced charting tools, regulatory compliance features, and full mobile capabilities. The xManager back-office system is designed to help partners manage clients, monitor live trading activity, and configure trading groups, spread markups, commissions, and users. Partners can also access a mobile app for account management and real-time financial trading.
With X Open Hub, becoming a Forex broker is straightforward and can typically be done in less than two weeks with the express start-up package, which includes a trading platform, an intuitive back-office system, and access to premier liquidity. Pricing is flexible: you can choose the services you need, with bundles starting at $1,000 per month. X Open Hub also provides consulting services for identifying initial broker requirements, meeting regulatory standards, training, and marketing – with 24/7 account manager support available to assist with any queries.
Beyond Forex, X Open Hub provides deep institutional liquidity on 5,000+ global instruments across indices, commodities, shares, ETFs, and crypto.
B2Broker at a glance
B2Broker is an international company founded in 2014 that helps brokerages and exchange firms achieve their business objectives. B2Broker has served over 500 clients, including 298 corporate clients, 170 professional clients, and 32 institutional clients. With a team of more than 380 employees, B2Broker provides top-tier solutions to meet client needs.
B2Broker offers a turnkey solution for entrepreneurs interested in launching their own Forex brokerage. The solution is an all-in-one package that combines services and software designed to minimise the effort, time, and costs of starting a new Forex brokerage. Among the services included are B2Core (a trader’s room for managing client accounts), PoP Liquidity, an investment platform, and a payment service.
In addition to providing access to financial markets, a Forex broker can offer other asset classes such as indices, metals, and energies. To add value, many Forex brokers also offer client-focused services such as tutorials, bonuses, contests, and investment services like Copy Trading, PAMM/MAM, Liquidity, and IB Modules. B2Broker offers all of these features.
B2Broker’s Forex instruments include 80 currency pairs, 12 CFDs on indices, and 13 metal instruments. Beyond Forex, B2Broker offers a comprehensive selection of over 1,000 financial instruments across 7 asset classes, including crypto derivatives/CFDs, indices, energy, equities CFDs, and ETF CFDs.
B2Broker’s Forex liquidity solutions provide a direct and efficient way for clients to access major Tier-1 FX liquidity venues, benefiting from a deep liquidity pool, fast execution speeds, and professional support. Its liquidity solutions have been developed with a focus on high-frequency trading (HFT) systems, making them well-suited to even the most complex trading strategies. Trading costs are competitive, with spreads starting from near-zero, margin requirements set at just 1%, and execution speeds starting from 12ms.
B2Broker also offers a multi-currency-denominated margin account to minimise volatile risks between client equity and broker equity, allowing client accounts in different currencies to be connected to a single margin account.
Launching a Forex brokerage involves multiple aspects that business owners need to consider – legal, marketing, sales, operations, finance, liquidity, and technology. B2Broker addresses all of these to provide a comprehensive solution for its clients. This saves time and reduces operational costs. The white label service includes detailed documentation for each feature and transparent pricing, with a one-time setup fee of $5,000 and a monthly support fee of $2,000. Monthly fees can vary depending on the services requested and the level of customisation required.
Leverate at a glance
Leverate is a leading white label Forex provider offering a range of innovative products and services to Forex brokers and other financial institutions. Its flagship product, LXSuite, is a comprehensive suite of trading tools that includes a web-based trading platform, a mobile trading platform, a CRM system, and various other applications designed to help brokers manage their businesses effectively.
Leverate offers a dedicated package for Forex brokers looking to establish themselves, called “SmartStart”. It is an all-in-one affordable brokerage package designed to help individuals launch their fully-branded Forex/CFD/Crypto brokerage. With SmartStart, Leverate provides a comprehensive solution that includes all the necessary tools and resources to build a successful brokerage from the ground up.
One of the key features of SmartStart is the Sirix platform, Leverate’s trading platform available on both web and mobile. The platform offers traders a seamless experience with built-in copy trading and crypto capabilities. The package also includes a fully-branded broker website and application designed to attract clients with a polished interface and strong user experience.
SmartStart includes Leverate’s CRM system, tailored to broker needs and providing top-level security. The package also comes with dedicated support from a professional success manager who guides you through the process of launching and growing your brokerage.
To ensure the brokerage runs smoothly from launch, Leverate provides comprehensive training to team members using SmartStart’s tools. The package also includes traffic and lead-generation solutions to help drive traffic to the broker’s website and attract potential clients.
Beyond SmartStart, Leverate’s MetaTrader 4 and MetaTrader 5 white label solution is another strong option for new brokers who want to offer traditional and popular trading platforms to their traders without incurring the cost of purchasing a full MetaTrader licence. This white-label solution offers several benefits – a wide variety of signals and indicators, easy trader segmentation, an integrated economic calendar and financial news, customisation options, and availability on desktop, web, and mobile devices. It’s a comprehensive solution that provides traders with an excellent trading experience while helping brokers grow their businesses.
Soft-FX at a glance
Soft-FX is a fintech development company that provides software and support services to the financial services industry and digital asset platforms. Founded in 2005, it has built partnerships with Forex and digital currency brokers, blockchain platforms, dealers, banks, and funds.
Soft-FX offers the Forex Broker Turnkey solution as a one-stop portal for entering the FX business market. This comprehensive solution provides the necessary tools for a Forex brokerage with a reliable software foundation, multi-layered liquidity, a robust trading platform, and a convenient back office. The solution includes 30+ technical connectors to major FX liquidity providers, advanced analytics modules, KYC/AML services, and integration with 60+ fiat payment systems. The trading platform offers advanced features including algorithmic trading capabilities, multilingual trading terminals, and advanced order types to satisfy even the most demanding clients. Soft-FX also provides full support throughout the solution implementation process.
Beyond the features above, Soft-FX’s Forex Broker Turnkey solution offers additional benefits that can aid the successful launch of your brokerage. This includes the ability to offer trading services across various financial instruments – stocks, commodities, and indices – giving you the flexibility to provide clients with a diverse portfolio and attract a broader range of traders. The solution delivery and installation process can be completed in as little as 2 weeks. You can also employ a hybrid business model combining A-Book and B-Book execution to maximise the profit potential of your brokerage.
Soft-FX’s trading platform, TickTrader, provides a flexible setup scheme for different trading conditions, allowing brokers to manage Forex and digital asset transactions efficiently. It offers several trading account types designed for both spot operations and margin (leveraged) trading, catering to a wide range of trading strategies. The platform also offers multi-language client terminals available on Web, Windows, iOS, and Android, making it accessible to traders worldwide.
For pricing, Soft-FX offers a user-friendly pricing calculator that enables prospective clients to estimate the cost of the Forex Broker Turnkey solution. The calculator factors in the required liquidity, chosen software modules, and additional services required. The minimum setup fee is €15,000, with a monthly fee of €3,000.
Factors to consider when choosing a forex white label provider
When choosing a white label Forex provider, it’s important to consider a range of factors to ensure you partner with the right provider for your business needs. Here are some key factors to consider:
- Reputation: look for a provider with a strong reputation in the industry. Check reviews and testimonials, and ask for referrals to gauge their performance and reliability;
- Regulatory compliance: one of the most important factors to consider when choosing a white label brokerage provider. Verify that the provider is licensed and supervised by recognised regulatory authorities to ensure compliance with all applicable laws and regulations;
- Customer support: consider the quality of customer support the provider offers. Look for a provider that offers 24/7 support via multiple channels such as email, phone, and chat;
- Range of trading instruments: consider the range of instruments offered, including Forex pairs, commodities, indices, and cryptocurrencies. Look for a provider that offers a diverse range of instruments to meet your clients’ needs – you may want to add more trading instruments after launching your Forex brokerage;
- Pricing and fees: review the provider’s pricing and fee structure, including spreads, commissions, and account maintenance fees. Compare this to other providers to ensure competitive pricing.
After carefully selecting a set of service providers based on those factors, the next step is to examine the technical features they offer. By evaluating these features, you can choose a provider that best suits the needs of your potential client base. Here are some key technical considerations to remember when selecting a white label provider:
- Trading platform: consider the quality of the trading platform offered. Look for a user-friendly, reliable, and customisable platform that supports a range of trading instruments and functionalities;
- Technology infrastructure: check the provider’s technology infrastructure, including server location, uptime, and security measures. Ensure the provider has a robust infrastructure to support your trading needs;
- Display customisation: look for a provider that offers a high degree of customisation, allowing you to brand the trading platform with your own logo, colours, and other visual elements;
- Customisable trading conditions: choose a provider that lets you create your own trading conditions with commissions, markups, swaps, margin, and risk settings. Also ensure you can adjust swaps, dividends, markups, and spreads to meet your clients’ needs;
- Marketing and branding: look for a provider that allows for white-labelling of their trading platform and other materials to ensure you can brand your offering effectively;
- Account setup: look for a provider that offers various account denominations based on any currency from the liquidity list with up to 2 decimals precision. Additionally, you might offer different leverage levels from 1:1 to 1:20 (for European users) reaching 1:100 or even 1:500 for international users;
- Integration with third-party providers: consider the provider’s ability to integrate with third-party providers such as payment processors, liquidity providers, and risk management systems. This can help streamline your trading
What is the cost of establishing a white label brokerage?
Launching a white label Forex brokerage can be expensive, though the costs vary significantly depending on the platform provider and the services included in the package. Here are the main cost categories associated with a white label brokerage:
- Platform provider fees: the cost of using a white label brokerage platform depends on the provider. Some charge a flat monthly fee, while others take a percentage of each trade made on the platform (or a combination of both);
- Set-up fees: most white label providers charge a one-time set-up fee covering the cost of customising the platform to your brand, designing your website, and integrating the platform with your front-end systems. These fees typically range from $5,000 to $15,000+ depending on the provider and customisation level;
- Marketing and advertising costs: to attract clients, you’ll need to invest in marketing and advertising. This may include paid social media advertising, email marketing campaigns, content marketing, and affiliate/IB programs – often the largest ongoing expense for new brokerages;
- Regulatory costs: depending on your jurisdiction, you may need to register with regulatory bodies and comply with specific regulations. This can include licensing fees, ongoing compliance costs, capital adequacy requirements, and periodic audits;
- Ongoing operational costs: once your platform is operational, you’ll need to cover server fees, employee salaries, customer support, payment processing fees, and liquidity costs.
Conclusion
Selecting the right white label Forex provider is critical for the success of any brokerage firm, especially in the constantly evolving Forex industry. By partnering with a reputable and reliable provider, new brokers can leverage that provider’s expertise, technology, and resources to offer clients a robust trading experience – allowing brokers to avoid technical complexity and concentrate on their core competencies (marketing, client service, and business development).
In this article, we reviewed some of the leading white label Forex providers in the industry – offering a wide range of services, advanced trading technologies, risk management tools, and compliance solutions that can help new brokerages enter the Forex industry and compete effectively. Each provider has its own strengths: IBKR for institutional-grade multi-asset access, Quadcode for turnkey speed and award-winning brokerage solutions, X Open Hub for XTB Group backing and flexible pricing, B2Broker for crypto and Forex integration, Leverate for affordable starter packages, and Soft-FX for the TickTrader platform and multi-layered liquidity.
Ultimately, it’s crucial to select a white label provider that offers clear and transparent pricing alongside a comprehensive range of services to support cost management. When comparing providers, ask about all fees and services included in the package, as well as any potential additional expenses – the right choice depends on your specific business model, target client base, and regulatory jurisdiction.
FAQs
What is a White Label Forex brokerage?
A White Label Forex brokerage refers to a partnership program provided by Forex brokers that enables individuals or companies to establish their own Forex brokerage business by utilizing the technology and resources of the Forex broker. In this type of partnership, the partner company or individual operates the White Label Forex brokerage using their own branding. At the same time, the Forex broker offers essential technology, liquidity, and back-office support.
What are the benefits of starting a White Label Forex brokerage?
The main benefits of starting a White Label Forex brokerage include:
- Quick entry into the Forex industry without the need for significant investment in technology, infrastructure, or personnel,
- Customizable platform and a trading environment tailored to the new company’s needs and preferences
- Access to advanced trading tools, analytics, and risk management solutions without the need for extensive investments
What services do White Label Forex providers offer?
White Label Forex providers offer a wide range of services. These are some of the most common services:
- Trading platforms and technology solutions with the ability to customize
- Access to liquidity and market data from multiple sources
- Risk management solutions, including margin monitoring, risk profiling, and automated risk controls
- Back-office support, including account management, client onboarding, and compliance monitoring
- Marketing and sales support, including website design, promotional materials, and lead generation tools
- 24/7 technical support and training.
