As the complete white label is the most complicated construction technology in the market at present, and it is also the most trustworthy way, let's take the complete white label as an example to talk about the process and details of white label construction:
Step 1: Overseas companies register a white label company from scratch. Generally speaking, the white label company needs to have overseas business qualifications.
Note: White label companies can choose the United States, Britain, Hong Kong, New Zealand and other countries and regions, or some offshore islands such as Cayman Islands and Vanuatu. The choice of registration place involves obtaining regulatory license and other issues, and the policies and taxes are different, so it needs to be carefully chosen.
Step 2: After applying for company registration on MT4 platform, you need to submit an application to Majdak. Generally, it is necessary to provide materials such as three certificates of overseas companies, legal person accounts, LOGO, website domain names, etc. Genuine MT4 software includes PC and webpage, and white label company only needs to rent MT4 software, without admin authority. After applying for MT4 software, Bai Biao company can establish its own brand client, which can have multiple background management and groups.
Note: MT4 software must be genuine. Piracy, cracking and green version of MT4 not only infringe intellectual property rights, but also have many problems, such as being stuck, disconnected, slow and even unable to update data, which seriously affects the reputation of the platform and is easy to lose customers. MT4 platform is professional and genuine, and Majdak will provide training, question consultation and 24-hour technical support.
Step 3: After the application of MT4 is completed, set up the server. At first, the white label company can enjoy the server with the main label company, which can save the upfront cost. After a certain number of customers (usually 3000 firm customers), or when there are special programming software requirements, you can also set up your own server.
Note: For a broker or a white label company, the quality of the server is very important, which involves the transaction speed and capital security of users, so strict requirements are required for the location (generally overseas, like London and Japan), bandwidth and stability of the server. A perfect platform should include simulation server, real server and backup server. It is best to set up disaster recovery backup servers in different places to prevent natural disasters from affecting the stable operation of the platform.
Step 4: Docking Liquidity The liquidity of the foreign exchange market is mainly provided by international banks, hedge funds and large brokerages. White-label companies can be used together with the main-label companies, or directly connected with liquid suppliers. The cost of docking liquidity alone and obtaining a low price difference is very high, so most white-label companies choose to use liquidity together with the main bid, and the main bid charges a transaction flow fee. Different brokers or liquidity suppliers provide different quotations and services, and white label companies can choose according to their own needs.
Note: the liquidity of white label companies comes from docking brokers or liquidity suppliers, so it is better to find suppliers with good liquidity. The better the liquidity of the other party, the better the quotation, and it is best to choose internationally renowned large institutions.
Step 5: Construction of MT4 Clearing Bridge As MT4 platform is a market maker platform, bridging suppliers can provide MT4 bridging technology for white label companies and put the positions (customer list) in the system to liquidity suppliers for processing.
Note: STP mode only exists in clearing bridge. The MT4 white label scheme provided by some professional platform construction organizations will include the MT4 bridge cleaning function, and the white label company does not need to apply for installation and debugging separately.
Step 6: Website establishment and CRM system professional website is the "facade" of a company. White label companies also need to develop powerful foreign exchange financing websites. The website should be multilingual and support the functions of account opening, deposit and withdrawal, agency and so on. CRM system is generally used for website management. CRM refers to an integrated program with online submission of automatic deposit and withdrawal, user management, trading account management, interactive management, customer setting and other functions.
Note: Professional foreign exchange websites need to be fully functional, and the layout should be as concise, clear and standardized as possible, which is convenient for users to use.
Step 7: After the third-party payment integration website is established, you need to prepare materials and choose the third-party payment partner. The safety of funds is the most important. There is generally no limit for foreign third-party payment, and there is generally a limit of RMB 50,000 in China. Through payment integration, third-party payment can be connected with CRM, website background, agent background, MT4 and other links.
Note: White label companies should choose to cooperate with domestic or cross-border companies with payment business licenses to ensure the safety of users' funds.
Step 8: Regulatory Licensing Whether it is a brokerage firm or a white label company, supervision is always the top priority. Different countries have different regulatory policies, different application fees and deposit requirements, and the fees for obtaining regulatory licenses in different countries are even different. Common regulatory licenses are FCA in Britain, FSP in New Zealand and ASIC in Australia.
Note: Some construction companies will provide deck services and deck some supervision companies, thus saving a lot of money in applying for supervision licenses. It is very undesirable to copy others, steal the foreign exchange license of legitimate securities firms and profit from the reputation of the regulated subject. The deck platform is a false trading platform. Users can make inquiries through the regulatory website, and the regulatory agencies will release deck platform information from time to time. Even a company with a small amount of funds can choose a relatively low-cost regulatory agency. Everyone has a development process from small to large, and it is worth encouraging to register a legal supervision platform.