29 February, 2008
White Label with ForexGen
Forex White Label partnership allows the trader a quick access to the online foreign currency exchange market.
ForexGen provides two types of trading White Label partnerships, a limited and a full solution. ForexGen different types of forex White Label partners are able to access ForexGen's trading platform entirely branded under each partner's unique company image and name. We provide a customizable online trading platform for the different types of the two White Label solutions.
Full White Label
We provide 'full White Label partnership' to match the needs of the regulated companies and organizations that have a legal authorization to hold clients' funds. Our online trading platform is the most qualified online trading software in addition to an experience based infrastructure, but the full White Label partner is responsible for all administrative work and of all contact with their clients, i.e. opening of accounts.
Limited White Label
Limited White Label partners are also offered to access our customized online trading platform but their customers have to open a direct forex trading account with ForexGen Investments. Consequently, limited White Label partners could be not regulated by a financial authority as they will not hold customers' funds. This service permits the customer to manage his trading actions freely without vast administrative paperwork.
WHAT are the advantages of being a WHITE LABEL PARTNER with ForexGen?
A Qualified and familiar online trading platform branded under each company name!
- Streamline dealing with no request for quote for up to 200 lots (20 million).
- Our online trading platform offers trading of 25 currency pairs also Gold and Silver with the 'one clicks trading' mechanism.
- Constantly updated real time prices.
- Real time charts with the most common indicators.
- Daily account statement.
- Recent technical analysis by Capital Management is provided each day to the mailbox in the ForexGen online Trading Platform.
- Streaming news quotes provided by AFX News.
- An attractive income sharing plan
Trading White Label enables our partners to charge their clients' commission for each traded lot.
They also have the ability to raise the spread for all or certain customers.
ForexGen offers a minor predetermined percentage for every closed lot traded by their customer in case that White Label partner does not raise the spread or charge their customers a commission.
Commission is paid out every month.
Individualized service
ForexGen white label trading offers our partner's individualized service created according to the individual needs and specified business situation for each IB.
White labeling enables you to access one of the two highly advanced ForexGen online Trading platforms according to the customer designation. This reduces your responsibility to provide a platform support and accounting personnel that is regularly required.
White Label trading service enables your customers to benefit from ForexGen advantages which revolutionize the retail foreign exchange industry.
- A qualified online trading platform that offers sophisticated forex charts, a large scale of indicators and trading mechanism , hedging feature, trailing stops that adjust pip by pip, real time streaming quotes and more!
- ForexGen trading services are provided without Dealing Desk which prevents the effect of any one on the prices and pip spreads
- Low spreads - 2 pip EUR/USD, 2 pips USD/JPY and 3 pips GBP/USD, USD/CHF, and EUR/JPY.
- ForexGen leverage could be 200:1 on standard accounts.
The margin requirements on all accounts are:
|
Account Equity (US Dollars) |
Initial Margin |
Maintenance Margin end of each weekday |
Maintenance Margin on Friday at 23:00 CET & before holidays |
|
Less than 25,000 |
0.5% |
No minimum required. Accounts are only stopped out at the stop out level. |
0.5% |
|
25,000 to 1,000,000 |
1% |
No minimum required. Accounts are only stopped out at the stop out level. |
1% |
|
1,000,000 to 5,000,000 |
2% |
2% |
2% |
|
5,000,000 to 10,000,000 |
3% |
3% |
3% |
|
Above 10,000,000 |
5% |
5% |
5% |
Getting Started page
- Send us E-mail for the application and information packet. whitelabel@ForexGen.com
- Set up costs. The set up costs for the white label program is $10,000 USD. This is charged for the approval of the application and before the project scheduling.
- Trading platform customization. The White label customization process is by creating a welcome page for your customers including the company name and logo.
- Grace period. You are allowed to create your required trading volume (500 standard lots per month) or funds under equity ($300,000 USD) in course of three months in order to avoid the maintenance fee of $500 USD each month, which will be paid after the end of the third month
Favorable trading conditions
- 2 pips spread on six currency pairs.
- Leverage of 200:1 leverage for accounts of up to $1 million US.
- Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
- The minimum account size is $2,000 US which allows trading of mini-lots.
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