Binary options brokers trading platform white label
Where a white label broker is exposed as dishonest, it is a simple process to close down, and start again under a new name with the same platform provider. However, this is everything the broker does by themselves. These brokers all use the same white label broker. There are hundreds of binary options brokers trading platform white label but only about a dozen trading platforms though these numbers keep changing.
Such systems are complex and expensive to create. These white label brokers have a longer history of offering reliable trading and payment solutions. White label brokers allow many brokers to share the same customer relations management.
Some would argue they were complicit in it. Other white label brokers also offer other financial products, for example CFDs and spot forex. It would almost be foolish not to do it. The point we will make now is that things are a bit more complicated with binary options. The trading platform is the part of the broker that traders use to invest.
But to survive the start, they need a good risk management solution. Our scams page highlights some of these issues, but the risk is much greater when using a white label. Answering customer requests requires a lot of man power, and for small businesses, it is disproportionally more expensive than for larger ones. Once you have such a system, managing your website binary options brokers trading platform white label easy. Creating a trading platform is a difficult and expensive process and there are many requirements that the platform has to deliver.
The trading platform is the part of the broker that traders use to invest. The simple truth is that there are plenty of other brokers out there that use their own trading platforms. Brokers need a website on which they display the newest information, their businesses, and a signup form. Especially trading sites that already offer other trading styles such as stocks or CFDs can use white label brokers to easily integrate binary options into their system.
Answering customer requests requires a lot of man power, and for small businesses, it is disproportionally more expensive than for larger ones. Brokers need a website on which they display the newest information, their businesses, and a signup form. White label brokers offer payment solution integration. This alone speaks volumes.