FOR A BOOK AND B BOOK FOREX BROKERS
For most start-up Forex brokers, their first step in this business is to set themselves up on a Grey Label Forex Platform. It is a good alternative besides the white label solution as it is affordable and easy to setup.
So how similar is a grey label different from a white label? First, you are able to change the leverage and spreads for your clients. Second, you manage client deposits and withdrawals. Third, A and B book forex operating models can be deployed. Fourth, on payment received from client, you credit the amount received on the platform with a touch of a few clicks.
Forex Broker A Book on Grey Label Platform
Linking your grey label forex platform to Liquidity Providers (LP) is simple to some extent although it may look complex at times. After you have downloaded your manager platform, the next thing, Meta Technologies will start to create a bridge connection for your platform, lastly, check on your platform manager module to check on reports and details of trades transmitted through the bridge. The process is about meeting of servers, typically through the use of a FIX API connection to transmit order flows. To avoid rogue orders, you may also choose to use a dealer module which is a plugin on your platform manager access. You get control and management of spreads, leverage, deposits and withdrawals, IB and agent accounts, on your grey label forex platform.
Forex Broker B Book on Grey Label Platform
The second type of business setup for forex brokers are the B Book brokers. There are some tools that you can deploy if you are a B-Book broker; a plugin called ‘virtual dealer’ and another is the ‘spread changer’. On the dealer plugin, you can customize your own risk management rules and apply it on your plugin, where it will run these set of rules on your behalf. There is another risk management tool which you can run manually, which is the default dealer function in your platform manager access. This manual tool allows you to accept or reject orders, where at the same time; you can change the spreads of all your offered instruments if volatile market condition is seen. There is a guide for the platform manager functions and we will be glad to bring you details.