Forex White Label vs. Introducing Broker Program

There is always the question of which between Introducing Broker (IB) and White Label program is the best for traders. Well, there is no definite answer to this question since both have their pros and cons. In comparing the two, we will look at some of the differentiating aspects.

Definition

One of the best ways of differentiating the two is by defining them both.

Introducing Broker

Introducing Broker is a partnership program between an individual and a trading company. The agreement entails the individual helping the company to get more clients to trade using their trading platform. The individual then gets a commission for every trade made by the client he referred to the trading company.

White Label

White label also involves the partnership between an individual and a trading company. However, this partnership is a bit advanced than the one in IB. Here, the individual does not refer clients to the trading company but rather uses the infrastructure of the trading company to offer trading services to his clients. The individual modifies the trading platform and allows his clients to trade in the platform. The individual can use this platform to develop his own brand in the forex market.

Flexibility

Many individuals argue that IB is more flexible than white label. This argument is based on the fact that IB does not require individuals to monitor the trading platforms. All that an individual does is to refer clients and wait to cash in from their trades.

Potential power

Of course, white label has a great potential than IB. This is because white label allows individuals to start their own brand. There is a high chance that the individuals will one day develop a great brand in the forex industry.

Therefore, if you are looking for something long-term, then white label is the right program for you.