Introducing Broker vs. White Label
Both Introducing Broker Program and White
Label Program involve partnership between individuals and an already
established online trading company. However, there is a difference between
these two programs. The difference is what makes a person decide whether to
enroll for a White Label or Introducing Broker program. We will look into what
differentiates the two by highlighting the basics about these two programs.
An Introducing Broker
An Introducing Broker Program is a
partnership between an individual or a business company and an online trading
broker. In this kind of partnership, the Introducing Broker works to solicit
clients for the online trading broker. The reward for this is kind of
partnership is a commission for the Introducing Broker for every trade made by
the client.
White Label
A White Label Program is a partnership
between and individual or a business company and an online trading broker. The
difference between White Label and Introducing Broker is that White Label
program allows the individual or the business company to create a brand.
Unlike IB, White Label is meant for individuals
who want to become Forex brokers. It is not just a matter of referring clients
to a forex trading company but also the prospect of opening a forex brand. White
Label allows individuals to open their own trading platforms under the guidance
of the primary broker.
Which program is more beneficial?
It is a bit hard to state which of the two
programs is beneficial than the other because they all have their advantages.
For example, IB program makes an investor’s
work easy since he/she does not have to worry about the running of the forex
trading activities. On the same note, White Label is a bit stressful but gives
individuals an opportunity to become forex brokers in the future.
Therefore, you have to know your target for you to decide on which of the two programs you should follow.
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