World events are clearly on everyone’s mind at the moment. The Coronavirus pandemic and the upcoming US elections have created more volatility and with it, arguably more opportunity than in any other time throughout history.
As Baron Rothschild famously said, “the time to buy is when there’s blood in the streets”. If you were thinking about starting your own trading business, maybe now is the perfect time to start.
In the United States alone, the rate of unemployment has surged, exceeding levels from 2008 when the financial crisis struck. The demand for the dollar has rocketed as investors seek a safe-haven currency.
Also, ordinary people are increasingly turning to online trading to try and make it through this crisis and as a consequence, there are substantial opportunities for new brokerages. All you need to know is how to get started.
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The best way to start a brokerage
If you are unaware, there is a way to get started in this business with minimal investment and fuss. It is called white labelling.
A white label is a mutually beneficial partnership between a company and a brokerage. For a fee, the brokerage will license the services and software of the white label company and market them as if they were their own. White labelling is the most economical way to get started in this industry. It saves time, and significant capital investment as the R&D phase of creating new systems can be skipped altogether. A brokerage can be up and running in just a few short weeks with all the tools and services it needs to operate at the highest level.
For example, all brokerage solutions are offered by Popcorn Technology based in London. The trading platform, back-office support, and CRM are already designed for you, functioning, and working together correctly. All that is needed is a logo, and you are good to start onboarding new customers almost immediately.
A white label brokerage empowers you to operate an independent business while maintaining full control over your operations. The advantages of this type of brokerage are even more impressive when you consider that you will have access to beneficial relationships with institutional organisations and the ability to bounce ideas off a helpful team with expert knowledge in their field. Overall, it is a much less stressful way to get started, and you have peace of mind knowing you have all the bases.
White label software
The best time to start a brokerage and present it as a professional, trustworthy service is to offer your clients the best trading platform. MT4 is the preferred choice of thousands of traders due to its reputation and reliability. Professional institutions trust it also because it is secure and incorporates all the essential tools needed to get the job done. Tools such as:
- Real-time news feeds
- Multi-currency support
- Reliable data protection
- All types of trading orders and MetaTrader 4 execution modes
- Thirty indicators and 24 graphical objects for technical analysis including Fibonacci, stochastics and moving averages
- Nine timeframes, from one minute to one month
- Real-time quotes in Market Watch
- History of trading operations
White label services are in extremely high demand. The right conditions and the correct tools are the perfect combinations to get started in this business and to be successful.