A white label stock trading platform is a brokerage firm setup through leasing the forex trading software of a white label trading provider. It simply means that instead of developing their system, a white label stock trading platform uses software developed by someone else. But it’s not merely the software but rather the infrastructure, services, and all the technology connected with a provider. The method has its fair share of pros and cons but is one of the most popular ways to start an online setup in today’s trading industry.
A white label stock trading platform owes its popularity to a plethora of benefits that come along with this setup. First, a white label stock trading platform isn’t hard to set up but requires some research and simple steps. Then, all you have to do is get in touch with a software leasing company, and they will guide you from there.
Benefits of leasing a trading software
There are many advantages of setting up a white label stock trading platform, some of which are as follows:-
1. A Customized Platform
Once you have researched a software provider, all you have to do is get in touch with them. As soon as you do so, you will get to customize the software to your brand and logo and advertise it as your own.
2. Seamless merging technology
To have a software leased to you, you also have to fill some requirements. These include a live website; once you have an up-and-running site, all you have to do is install the software onto that, and the transition would be so seamless that you won’t even notice.
3. 24/7 Support Team
Once your white label stock trading platform is set up, you will have access to support all day long. In addition, the customer service of most third-party intermediaries is impressive, and you will be glad you started this endeavor with them.
4. Training from providers
Most software leasing firms have professional instructors explicitly hired to pass the software know-how to the talent of the next firm. Although the brand and logo aren’t theirs anymore, they will still assist you until your staff gets the hang of the situation.
5. Marketing campaigns and toolkits
Many white label offering companies have their marketing campaigns and toolkits that come with the software. So it helps you not only to save the cost of the whole system but also cuts down the advertising costs.