White label is divided into full white label and half white label.
All-white label: All-white label provides regulatory registration, platform, stable quotation system and market access. No matter how strong the supervision is, the white label is a government supervision. It may be that the main bidder for the foreign exchange regulatory license provides this support, or it may be an institution that seeks a third party to handle the license. All white labels are authorized by genuine MT4 or MT5 to ensure the stability of the software. All-white label is connected with the liquidity provider, and can be used together with the main label or grafted separately. However, because the cost of all-white bidding is close to that of a main bidding company, under normal circumstances, you will choose to bid directly!
Semi-white label: semi-white label only provides brand identification, and does not provide supervision, registration and other services. Semi-white label only got the genuine MT4/MT5 authorization from Majdak Company, but there is no supervision, which means that it has no authority to operate foreign exchange transactions and no docking liquidity. It is a pure market maker platform with high risk. Without supervision, the potential risk is high and people often run away. Building a platform is relatively easy. Some people set up a semi-main bid just to escape and keep their eyes open when choosing.