It’s high time to run an FX brokerage company if you haven’t got your feet wet in the industry yet. According to statistics, about 10 million newcomer traders enter the market annually, and the industry becomes more mature, as even beginner traders understand what they are looking for.

Why is today the best period that perfectly matches business owners who want to run their own brokerage company? The community has finally got a true taste. Brokers don’t earn money by the principle “First Came, First Got.” Traders are looking for brokers that offer the best conditions for their clients.

On the other hand, such a market situation extends new challenges for business owners. It’s not enough to run a good brokerage company anymore, you need the best one to overrun competitors. Here is the list of five important tips that help your brokerage business lead the industry clear of the field.

1. The license type does matter

When you are going to comprehend how to start a Forex business, a license comes as among the most important aspects. The FX market is regulated, and unlicensed brokers are not trusted by traders. At the same time, business owners are free to choose a license on their own.

Licenses are roughly broken down into five categories marked by letter, from A to E. The A licenses (e.g., US license) are the strongest and the hardest to obtain, while the E licenses (e.g., Saint Vincent and the Grenadines) imply the easiest conditions and lowest expenses.

Brokerage companies are highly recommended to choose the golden middle – C licenses (Cyprus, Estonia, Malta) are enough to let traders trust your company, and conditions are pretty affordable there.

When you face troubles with getting your company licenses, apply to experts who are pleased to undergo all the procedures for you.

2. Prime of Prime liquidity: the best conditions for your traders

Liquidity means a lot while talking about Forex businesses, as clients who suffer from high spreads and price slippage change a trading platform instantly. Meanwhile, never make a hasty decision, looking for a liquidity provider.

There are three levels of liquidity available for Forex brokers:

• Acting as market-makers when a brokerage company relies on ask and bid orders placed inside its own order book.

• Dealing with Tier 2 liquidity providers (certain banks or small liquidity pools).

• Partnering with Tier 1 liquidity providers (largest banks and funds that maintain the FX market active).

It seems clear enough for brokerage companies that Tier-1 providers are the best to choose; meanwhile, there are some more liquidity aggregators, Prime of Prime liquidity providers, and this solution is definitely the best for your company.

PoP providers form their own liquidity pools, where top-rated players of the Forex market are united: Forex prime brokers, Tier 1 banks, dark pools, etc. As such, your brokerage company gets access to one of the deepest liquidity pools.

3. White Label trading platform: save your funds and implement high-level solutions

A trading platform is the core of your brokerage business, as this system provides traders with diverse trading instruments and tools. Which option to choose when you are going to come into the market?

With more than 20 different platforms, MetaTrader 4 and 5 are considered as the market leaders implemented by 54% of brokerage companies. When a business owner wants to implement this solution, high prices are among the key obstacles. Licenses cost $100 000 or more, and this sum is huge enough for a newcomer.

Should you choose a cheaper solution? It would be challenging to overrun competitors with less technological trading platforms. Rely on the White Label model. For instance, B2Broker offers brokerage companies to integrate either MT4 or MT5, cutting their expenses. The company provides clients with high-end technical support and updates as well.

4. Accept Bitcoin payments as a brokerage firm

Traders need to deposit and withdraw money; this is why, brokerage companies need to deal with secure payment providers; meanwhile, the vast majority of brokerage companies enable traders to deposit and withdraw money through credit/debit cards, e-wallets, and wire transfers. There is no chance to overrun competitors with traditional options.

On the other hand, brokers may implement crypto payments processed by the B2BinPay solution. Over 300 million people hold digital assets which means they would be able to open an account in your company.

B2BinPay is a provider developed by B2Broker to revolutionize the industry of crypto payments, as the solution makes the procedure exceptionally straightforward and safe.

5. High-level CRM to drive your business to new peaks

Business owners frequently focus on the technical components like payment providers, trading platforms, etc., and undervalue other factors. That is a widespread mistake of beginners. A high-level CRM system is able to skyrocket your customer base. CRMs play different roles, including the clusterization of leads, automation of inner processes, a broad network of reports, etc.

While talking about the competition in the Forex market, CRM systems frequently become the crucial factor in the fight for traders, as most brokerage companies implement high-level trading platforms, payment providers, and so on.

Get all-in-one solution

What is the best solution for a newcomer business owner? White Label FX brokerage is among the most in-demand services, as you get an all-in-one solution. Experienced and reliable companies provide a business owner with a string of high-level products. For instance, B2Broker offers a turnkey brokerage solution that includes WL trading platforms, advanced payment providers, the B2Core CRM system, investment platform, and connection to PoP liquidity. Such an FX brokerage company is ready to conquer the market, attracting crowds of clients.

Furthermore, B2Broker maintains brokers, helping them pave the right path that leads towards success!