What is Open Grey Label?
Open Grey label is a type of franchise of Forex Label for those who want to start
their Brokerage Business with small online Forex Trading. It is a more cost-
efficient method of launching a new Trading Business. It is a great platform for
those who want to start their business by investing minor amounts, so they can use
various software’slike MT4, Web Trader. It is a good substitute in addition to the
White Label solution as it is more reasonable and easy to setup.Connecting your
Grey Label Forex platform to Liquidity providers is simple to several levels.
Liquidity provider connection is a very simple process with Grey Label solution
even despite the fact it appears very complex. Forex Grey Label offers the most
favorable range of solutions to set up a trading business and lend a hand in
expanding it.An Open Grey Label is an appropriate name as it toes the line
between an Introducing Broker connection and an MT4 or MT5 White Label. A
Grey Label associate has better control over customization and the client
relationship than Introducing Broker. An Open Grey Label is a non- branded
account of the MT4 platform. Grey Label platform is also known as Generic White
Label that is low-cost software and it works precisely like the main server with all
the assistants of handling the client reading requirement.
Characteristics of Open Grey Label
1. Cheapest Forex Brokerage: Open Grey Label cost considerably varies
through different service providers. It depends on different kinds of add on
tools and services like Liquidity, Affiliate Modules, PAMM, etc. Depending
upon what type of tools and services are opted for.
2. Fastest Forex Startup: Open Grey Label helps with the easy accessibility to
start a business with MT4 or MT5. For those who want to start their business
then they have to pay the fees in advance if they choose MT4 or MT5 White
Label. The provider will initiate the application with all valid details.
3. Franchise of The White Label Broker: It is a platform of a White Label
Forex where one can run their business under the brand name of the main
broker.
4. Co-Branded Forex: Open Grey Label provides the liberty to use their brand
name on their website to those who want to start their business under Open
Grey Label. They can use their preferred logo anywhere like on their
websites, Traders Room, Banners, and all other modes of marketing.
Some of the Forex Grey Label Technologies
1. PAMM: Percentage Allocation Master Module (PAMM) is a technology that
the client followsthe trading strategy of another client. Itis beneficial for the
followers as well as masters because they can benefit from Forex Trading
without having much knowledge and can trade funds many times larger than
their capital. It protects from non-trading risks.
2. Forex Websites: This website is a virtual office that creates websites in a
professional, and advanced manner.
3. Traders Room:It helps in managing clients onboarding, charges set, and
brokerage, etc.