The work of brokers on the Forex currency exchange

There are a large number of different "players" on the Forex market, including brokers, clients, traders, investors, attraction agents, pr-managers and many others.

The main players in the Forex market are clients. It is for the sake of clients and receiving their commissions from them that all brokerage companies, partners and asset managers work. For more information on how brokers interact with their clients, read the information below.

Features and main differences of terminals

Trading platforms developed by MetaQuotes Software Corp. have long gained popularity among traders from around the world. The most famous products are MetaTrader 4 and MetaTrader 5. Many mistakenly believe that MetaTrader 5 is an updated version of the previous platform, but there is a significant difference in the terminals: MT4 is designed for trading on the foreign exchange market, MT5 is a universal product that works with both currency and and with the stock exchange. Different possibilities of use entail other differences between MetaTrader 5 and MetaTrader 4.

Turnkey MT4 White Label Solution

Our MT4 or MT5 White Label program is designed for anyone who wants to become a broker. As a White Label partner, you will have full control over the infrastructure through which you will work with customers. We provide full access to our customers to MT4 or MT5 terminals.

How do forex brokers work? Do they really transfer their clients' money to the interbank foreign exchange market or work on the principle of "kitchen"? In fact, there are three models of forex brokers: A-book, B-book and mixed. Let's figure out what is their difference, and what are the pros and cons each of them carries for an ordinary trader.

Before analyzing the specifics of brokerage activities and looking for the benefits of each of the above types, it is advisable to familiarize yourself with the history of the Forex market, because it is this information that will help you understand the important subtleties and nuances of many modern trends and current processes. Forex, as we know it, emerged rapidly after the end of the procedures related to the cancellation of the Bretton Woods agreements, as a result of which the US government announced its refusal to exchange dollars for gold, refusing to comply with a fixed proportion. In parallel with these events, the authorities of many developed countries notified the public of the signing of an agreement, according to which the range of exchange rate fluctuations of other national currencies against the dollar expanded significantly.

Obtaining a forex license is a very slow and time-consuming process.

It can take from a forex broker from several months to a year. In addition, it will have to pay from 60 thousand to 200 thousand euros. Together with employees of the trading technology provider WhiteLabelsFX, we figured out why a forex broker needs a license, and is it possible to work without it.

Each company in the Forex market tries to maximize its income with the help of additional services, and each new company in this market tries to save time on its opening. White label (hereinafter - WL) is the only case when the interests of both parties are closer than ever, since this cooperation promises both parties benefits. Time is the most valuable for a person and most importantly for any financial company that is associated with the provision of services. The Forex market with all its negative and positive sides remains the most dynamic, which makes its inhabitants need to quickly respond to changes and offers. Therefore, many brokers begin their journey with a White label from a licensed company.

Exchange and currency speculation has been known for a long time, but the Internet has become a revolutionary breakthrough in this area of ​​activity. With the advent of the World Wide Web, trading in stocks or currencies in the Forex market has become available to everyone. Millions of people earn online trading in financial markets. Those who want to do this business are faced with the choice of a path: Stocks or Forex? The result of the choice depends on each person’s personal preferences, but to a large extent one has to take into account the minimum investment volumes and the features of the stock market and Forex.

Many of us watched the movie “The Wolf from Wall Street”, which shows the wonderful life of a wealthy broker who could spend money as he pleased without thinking about tomorrow.

And do not confuse the hero Leonardo DiCaprio with the trader. These are people of different worlds.

Today I will help you understand the intricacies of these professions.

The sphere of finance and trading for many is associated with bureaucratic difficulties and delays, but there is a way to get around formalities and run your business in a financial niche in 10-15 days. This method is quite legal and relatively inexpensive, contrary to what most readers now think.

It will be about opening a white label business from WhiteLabelsFX. Surely, many of you have heard this term, but do not fully understand how the system works, especially in the financial environment.

The principle is simple: a company with a run-in product and a proven business model provides other companies with a turnkey solution for launching a similar business. At the same time, the company, the recipient of the service, works completely under its own brand and its customers do not even suspect that in fact the operational support of the product is provided by a third party.