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    • Match-Trader September Releases 2020

      Marketing Team

      functionality of checking trading account details from the Client Office view

      All investors’ operations now visible in the Client Office

      In the September release, we have added functionality of checking trading account details from the Client Office view. Brokers can check what positions are opened by the client, pending orders waiting to be activated, cancelled orders, closed positions and also ledgers-all financial operations on the trading account like deposits, withdrawals, credits or agent commission. To check these details, you need to double click the trading account in the Client view.

      Flexible API for the user’s purpose

      We are sharing an API interface which can be used to do all of the platform operations using Websocket API demanding minimal programming skills. Thanks to that, users can do such operations like trading (creating a trading bot is possible), modifying orders, registering an account or even making a deposit without need to log in to the platform. Ask our sales about details and check how many possibilities you have with our flexible API.

      Fibonacci retracements

      Decisively one of the essential tools of technical analysis – Fibonacci retracements, has been added to our platform. Levels visible on the chart are created by dividing two numbers from the Fibonacci sequence. Thus 61,8% is splitting 34/55. Many traders widely use the indicator. In the Match-Trader platform, it can be accessed in all versions – desktop, web and mobile, what is more, all chart drawings are live synchronized between them. 

      Possibility to edit positions and to remove trades

      In the Manager application, we have added an option to edit open positions, which will facilitate the process of making adjustments and corrections for the brokers. Manager can edit such parameters as open price, side, open time, swap or commission. Additionally, there is also an option to delete a closed trade from the database or close open positions at the market price just in one click directly from the application.    

      Hedge Monitor

      It is crucial to monitor your hedge exposure in real-time; therefore, we’ve created a hedge monitor tab in the Manager app to have a full view of the broker’s exposure. Our system collects information about open positions from hedge accounts and all client A-Book groups to compare them at real-time. Brokers and our support can track all discrepancies which occur on hedge accounts and take necessary actions to fix them. There is also information about Margin Level displayed in this tab. 

      Broker/Client position summary

      It is essential to see the full picture of your brokerage business at any time to assess the risk and profitability. Therefore recently we have rearranged the view for the broker and client position summary window. Now it has a more clean and user-friendly look, where brokers can check the total exposure with a current valuation of all or selected clients. Position summary table sums up all open positions on each instrument and also enables brokers to see which clients maintain the biggest and the most profitable positions. We are also working on following functionalities which will enhance reporting capabilities of the system. 

    • What is the difference between forex White Label and Match-Trader all-in-one Solution?

      Marketing Team

      Difference between forex White Label and Match-Trader

      If you’ve decided to become a forex broker, one of the most important decisions to make is choosing the type of trading platform.

      However, to be able to take full advantage of the potential of your forex business, you need more than just a trading platform. Investors expect a certain level of service, and a management system is necessary to provide it.

      What is a forex White Label?

      The most popular solution among novice brokers is to choose the White Label platform. It means borrowing a trading infrastructure from a technology provider. This allows you to use recognized software and place your own branding on the platform, which has an impact on brand recognition and customer loyalty. Even though it’s very convenient, It does come with setup limitations. Most popular platforms don’t allow brokers to have their own, branded mobile app.

      Yet, this is the fastest way to start your Forex brokerage business.

      White Label platform vs all-in-one solution?

      All-in-one solutions have appeared on the forex market. It is a modern model of the White Label platform equipped with tools for managing a trading account by a trader and a system for managing the entire business by a broker. Besides, the all-in-one platform also has an integrated solution that allows clients from around the world to make convenient payments directly to their trading account.

      To gain an advantage in the forex market, it is no longer enough to offer good trading conditions that are comparable with many brokers. Platform functionality, as well as speed and quality of service, are becoming more and more important. Brand recognition, which will be ensured by your own branded mobile app available with Match-Trader all-in-one trading solution, is also essential.

      However, this does not mean that traditional White Label platforms are falling out of use. There is a massive attachment to old, well-known platforms among traders all the time. However, younger traders are already looking for modern functionalities and advanced technology. In such a situation, a reasonable solution is to have two platforms: a traditional forex White Label and a modern all-in-one solution.

      Instant Broker Solution based on Match-Trader

      The concept of an all-in-one solution does not have to refer only to the trading platform. It can also mean a comprehensive service of starting your own forex broker business. The main difference from the basic White Label platform is that in the package you get all the necessary elements to get your broker up and running immediately.

      In the Instant Broker Solution package you get:

      • Company registration with a corporate bank account
      • Match-Trader, all-in-one trading platform with Client Office forex CRM and integrated Digital Currency Payment Gateway to provide instant deposits to a trading account
      • Liquidity with a free connection to Match-Trade’s liquidity pool of 20 different LPs.

      Is the all-in-one trading solution more expensive than the standard White Label platform?

      It doesn’t have to be that way. Remember that by choosing MT4 / MT5 one of the most popular WL platforms on the market, you will incur additional costs in the form of a margin for the technology provider as well as fees for integration with CRM or payment providers.

      Choosing an all-in-one solution from the manufacturer, you don’t pay intermediaries, and you can be sure that all tools will be working seamlessly.

    • July releases on Match-Trader platform

      Marketing Team

      Individual set of financial operations

      Individual set of financial operations

      Brokers can now set up confirmations of deposits and withdrawals according to their preferences. Each type of deposit or withdrawal method can be confirmed by the broker manually or automatically in our Forex CRM. If automatic deposit or withdrawals are ticked off,  brokers have time to verify the withdrawal or check the source of funds for a deposit before booking it on the client’s trading account. In automatic mode, operations will be confirmed by the CRM with no need for the broker’s intervention.

      New payment methods available

      We have integrated Tether (USDT) to our payment gateways. In such a  way brokers don’t have to take price risk while clients are making deposits in the digital currency. Moreover, digital currency exchangers integrated with Match-Trader supports Tether as well. Thanks to this, clients can make deposits using Wire Transfer or Credit Card. The first method fee can be as low as 2.50% and the commission for credit card deposit starts from 5.00%. 

      Leads

      In the July update, we’ve created a new Leads Dashboard. This allows brokers to watch every new user without a deposit yet done (lead) and contact him to create better customer communication. Brokers can update the lead status for “Hot”, “Cold”, “Progressive” or “Not interested” and note, for example, user’s preferences in the comments section

      Advanced view of Market Watch

      New elements – high, low, and spread (in the mobile application) have been added to the Market Watch. It allows traders to check which price was the lowest and highest on the current day,  and compare it with the market price. However, if you want to see more instruments you can always turn off Highs/Lows in the settings.

      The new look of the trade form

      We have added the functionality of minimizing the chart in Mobile view. Thanks to that, scrolling is no longer needed to set Take Profit or Stop Loss and traders can check in real-time on the chart where the order will be placed, even on a small screen. What is more, the entire trading form has been reorganized on both mobile and web in order to use less space. This will especially appeal to users of low-resolution devices.

    • Latest releases on Match-Trader platform

      Marketing Team

      Latest releases on Match-Trader platform

      Setting password in the Client Office

      Beyond the standard client’s password reset, the broker can also change it in Client Office. It’s a convenient option for quick password change for users who can’t access the mailbox.

      New payment gateways

      Two more Bitcoin exchangers have been added to our platform. During the June update, we have focused on Asian countries. Thanks to this we expand the list of FIAT currencies supported for the credit card deposit to USD, EUR, GBP, RUB, IDR, KRW, UAH, TRY, JPY, ARS and local/wire transfers to EUR, GBP, INR, IDR, HKD, SGD, PHP, MYR, THB, VND. 

      Commission in trading form

      Commission values shown in trade form clearly show the broker’s commission configured in the group. Combining spread cost traders will know all costs of the position before opening it.

      Customizable register forms

      Each broker needs different customer data, we understand that that’s why in the Client Office broker can set up which forms need to be filled by the client obligatory or optional. Do you need additional information provided by the client? Let us know, it can be easily added to registration form

      Multi Account Manager

      Trading accounts managed by money managers are becoming more popular in the FX industry. That’s why we have integrated the Match-Trader platform with our in-house developed MAM system. Users can create new managed trading accounts from the account managers leaderboard accessed from the platform.

      Highs and lows in Market Watch

      On the June release we have added an advanced view of the market watch for the users who need to see precise instrument’s information. Spread, high and low can be hidden in the mobile app in account settings. Highs and lows are also visible in web view on trade buttons

      Become IB functionality

      For all the user’s who would like to become an Introducing Broker we have added easy access to it on the platform. By clicking on the “Become IB” button trader sends a request to the broker which can be reviewed in the Client Office. Once he becomes affiliate “Become IB” button is replaced by redirection to Introducing Broker view where he can see how much he can earn from the fees, client’s accounts and calculate commissions. 

    • A-Book or B-book? The key differences of forex risk models

      Marketing Team

      A-Book or B-book

      If you want to become a broker you need to consider which forex risk model you will implement in your business. There are two main types of forex brokers and it is up to you how you’ll set up your business and execute trades. Some brokers use A-Book and B-Book models together when others choose just one. Which forex risk model is the right one for you?

      Pros and cons of A-Book brokers

      First of all, many traders value the A-Book model for the lack of conflict between the broker and the investor. A-Book broker makes money by increasing the spread or charging commissions on the volume of transactions. Therefore, he doesn’t distress investors’ conditions to make profits. From a broker’s perspective, it is a safe model, because he gains revenue regardless of whether the trader is making or losing. The profits of the broker are stable and depend solely on the turnover. 

      In the A-book model, you have to be prepared for depositing with counterparties, including liquidity providers. In one word, It is up to the third party to execute the trade. If you need detailed advice on what to do when choosing a liquidity provider download our Guide for Brokers: Liquidity.

      B-Book model in Forex

      The B-book model is a forex risk model that can bring quick and high profits, as well as drive a broker into depression. 

      B-Book brokers process their clients’ orders in house and act as market makers. There is no external liquidity pool, as the broker executes trades internally. A broker’s profit in this model is equal to a trader’s loss because he always acts as a counterparty to his clients. So is the B-Book model profitable at all for forex brokers?

      In this industry, it is not only the profit that counts, but also how many traders stay & return to the broker. When clients quit the profits are gone. Take a look at our infographic and learn how to attract more traders into your trading platform. 

      The hybrid of A-Book and B-Book risk models

      Many forex brokers apply them both, as it allows them to make more profit while building long term relations with their customers. How do brokers use both a-book and b-book? 

      The trick is to properly qualify the traders or trades to the right category. Brokers use dedicated software to successfully divide traders and implement the hybrid model in their orders. This tool allows them to track the amount of a trader’s deposit, the leverage used, the risk taken with each transaction, the use or non-use of protective stops, etc. On this basis, it is decided whether a trader’s transaction will be executed in the A-Book or B-Book model. 

      Risk management tool for A-Book and B-Book brokers

      Match-Trader’s risk management system facilitates trade differentiation. Our analytical platform allows the broker to manage clients’ critical risk exposures. Flexible reporting tools enable real-time, scheduled and ad hoc reports. The intuitive interface easily reveals all the features that enable efficient use of the forex risk hybrid model.

      This means that not every trader’s order falls into the same category. What’s more, thanks to the additional profits that the broker gets on the traders placed in the b-book model, he can provide all his clients with very competitive spreads, regardless of whether they are profitable or not.

    • Digital marketing for Forex Brokers

      Marketing Team

      Digital marketing for Forex Brokers

      For practical TIPs & TRICK on how to promote your Forex Brokerage business online download our Guide for Brokers: Marketing.

      Digital marketing for forex is an inherent part of a business, that seeks to build a trustworthy brand. Worldwide, the internet is an adviser that we turn to for educational, entertainment or business purposes. In the EU alone more than 77% of businesses can be found online and one in four uses the internet for marketing purposes

      The Internet is particularly useful for gaining forex leads and customers from abroad. It is especially common to build credibility within traders online. Unfortunately, the forex market is highly regulated. Browsers along with social media platforms impose various obstacles to forex advertising. Fortunately, there are online marketing strategies for brokers that can be used successfully to advertise a Forex brokerage business. If you are more interested in offline advertising strategies for forex brokers click here.

      How to generate Forex leads – website optimization

      Brokers can successfully generate forex leads through their own website. You need to take care of an eye-catching design, simple layout and interesting content. In the case of forex brokers, transparency is crucial. Tell about yourself, leave your company and contact details, present your offer and available instruments, introduce your team. 

      Thanks to SEO your website will be more visible in the search engine. By following the rules of the search engine robot, you will attract more users to your website. Start with Onsite Seo and a good IT team. It is an optimization that starts when you build your website and should not be overlooked. It’s about preparing your website in such a way that its architecture will have a positive impact on its effectiveness. 

      Forex Broker company blog

      The next step is off page seo with your marketing team. The first factor to consider in off page seo are internal and external links. The most important is the quality of the links. Random pages directing traffic to your website will be misreceived by the search algorithms and can damage it permanently. Your website must also refer users to valuable sites. Where to start linkbuilding?

      A company blog is an excellent tool that can push your broker website to the front page of the search engine. Fill it with educational content that will be of interest to your customers. Don’t forget to add the right keywords and link them to your website. If you are interested in step-by-step digital marketing strategies for brokers, please have a look at our Guide for Brokers: Marketing Tips.

    • How to become a broker – Guide #1

      Marketing Team

      How to become a broker – Guide #1

      Establishing a forex brokerage business does not necessarily involve a complicated process of licensing and fighting against forex regulations. First, you should thoroughly understand the legal jurisdictions. Take your time to learn about the internal regulations and authorities in the area of your choice.  

      Find a trusted partner who will help you analyze each of available options. Starting a forex business doesn’t have to be complicated since you can always rely on industry experts. Consider not only where is it easiest to register a forex broker, but also how to develop your business and attract traders.

      How much does it cost to start a forex brokerage

      Startup brokers have three choices when getting started – they can obtain an FX license and get fully regulated, they can obtain a license from a less recognized regulator (semi-regulated) or they can start their business offshore and stay unregulated. The key is that you evaluate your strategic and financial capabilities. The license is more difficult to obtain in: 

      – USA and Japan (J1) – very strict conditions and high costs. In order to apply for a licence, you need to have a capital of $20 million and meet several administrative requirements.  There are also annual fees and the need to run an office on site. 

      – UK, Australia, Malta, Cyprus, New Zealand (J2/J3) – you have to wait from six months to one year for the forex license to be granted. Although this area involves lower costs (licensing from $35,000) you have to provide much higher capital to further run the business and a local office. 

      These legal jurisdictions offer great opportunities for financial sharks. The advantage is the advertising opportunities in developed countries and the ease of setting up corporate bank accounts. 

      Semi-regulated and unregulated Forex Brokers

      With a lower capital you should consider to set up a brokerage business on semi-regulated or unregulated forex jurisdictions. Take a look at Vanuatu, British Virgin Islands, Cayman Islands (J5). Registration itself costs about $30,000 but is subject to lesser regulations. Unfortunately, apart from Belize, an on-site office is required everywhere. The cons are that licensing takes only up to 3 months. The possibility to remotely open a bank account within the Baltic countries is also a big plus!

      Around 94.2% of Forex Brokers start without a license. You can become an unregulated fx broker in Saint Vincent, Grenadines, Nevis or Seychelles (J5). Registering a forex company will take a few weeks at most. Unluckily, it will be very difficult to set up a corporate bank account, while most banks don’t want to expose themselves to potential cooperation with fraudsters.

      Where to look for additional information on how to start a forex business

      The Forex market is a powerful industry where over $2 trillion is traded every day. When planning your own brokerage business in this industry, the most important thing is a good plan and a trusted partner. Technology provider can help you not only choose the right solutions but can also save you from costly mistakes. 

      Take a look at our Guide on how to Become a Broker. Our e-book is a tool for deepening your understanding on the process of registering a company in selected jurisdictions. Inside you will find a step-by-step instruction on documents, opening a corporate bank account and licensing authorities. There is also a broad analysis of each legal forex jurisdiction. It includes information on what to watch out for and other tips to help you make the right decision.

    • May releases on Match-Trader platform

      Marketing Team

      May releases on Match-Trader platform

      Closed session mark and timer

      For better control of the Market Watch view, we have added a different (grey) colour for the symbol standing for a closed session. Moreover, the timer placed on the right will show you exactly when the session will be open and the instrument will be available to trade.

      Multiple close on Match-Trader web

      If you have a long list of open positions they might be difficult to manage especially when it comes to close many of them at a time. We have implemented a multi-select option on the mobile view. As it turned out to be very useful, we have decided to add it also to the web view.

      New line chart

      We have added another type of chart – a line chart, which works perfectly with existing indicators. Traders can now do analysis on candle charts and the same information will be visible on the line charts as well. Line charts can be accessed in the extended chart view on mobile or by just clicking the candle chart icon on the web view.

      Easier way to deposit with low margin

      If a trader doesn’t have enough funds but wants to open another position he will see a deposit button instead of trading ones. If a trader wants to open the opposite position of an already existing one it will be still possible.

      Easy account navigation

      Navigating through trading accounts is now easier as all of the accounts have an offer name and account type (Live/Demo) next to its ID. Moreover, a demo account user will now have an additional button by hand to open a live account faster.

      Internal and external transfers

      We’ve also added the possibility to transfer user’s funds between his accounts. This withdrawal method is available for live accounts and will be very useful for managing trading accounts – this option will be soon available on our platform. What is interesting about this feature is that clients can make internal transfers also to external accounts registered under the same broker.

      New payment gateway

      As Bitcoin deposit is getting commonly used on our platform we have integrated a new exchanger allowing credit card payments that covers almost all countries around the world and offers affordable fees. Additionally, we plan to add 2 more gateways in the next update to expand the local currencies coverage for deposits.

      New notifications configuration

      Three already existing tabs have been merged to one Operation section. Broker can set up their email notifications for operations available on the platform such as accounts creation and update, deposit, withdrawal and password reset etc. 

      Branches with independent admin access

      Our clients have their broker branches around the world. Therefore, we have created separate admin access to each of them. Branch admin can see and edit trading accounts only in his branch. Deposits confirmation and withdrawals are not a problem either. What’s worth noticing is that each offer in the registration form is connected to a specific branch. As a result, there is no need for a broker to create multiple registration forms for each branch.

      Updated symbol’s info

      Pip value of 1 lot can now be found in symbol’s info of every trading instrument. Therefore, the value of the contract can be better understood especially by novice traders.

    • The biggest advantages of the Match-Trader platform for traders

      Marketing Team

      The biggest advantages of the Match-Trader platform for traders

      Forex traders are more likely to choose brokers who offer mobile platform solutions

      The Internet revolutionized the world with unlimited access to information and the ability to deal with any matter online. Research shows that over 81% of time spent online are mobile minutes. It’s also consistent with FX brokers reporting increased traffic on mobile trading platforms (especially during commuting hours). Instead of planning and spending time sitting in front of a computer, investors prefer to trade spontaneously or in their free time – including on the way to work or on a break from everyday activities. 

      Match-Trader is a complete trading platform (web, mobile, desktop) dedicated for mobile trading (“on the go”). It takes up no storage space in the device and ensures high performance also on older generation smartphones. The intuitive interface ensures efficient navigation through the trading app – from downloading and simple registration to executing trades (opening/closing positions) and deposit or withdrawing funds. Information and settings are synchronized across all devices in real-time thanks to PWA technology. 

      How FX Brokers can benefit from Match-Trader

      Optimised user’s path allows converting more leads into traders. The lesser obstacles to overcome, the bigger chance for brokers to retain more loyal investors. Match-Trader provides its user with multiple features to manage their trading accounts on their own. Trader can confirm his identity, deposit and withdraw funds, open another account and transfer funds between accounts. When traders don’t have to leave the app while performing trades, they are more likely to complete their transactions.

      Furthermore, vast branding possibilities can help a broker build his own brand and become recognisable among traders. Match-Trader is an all-in-one trading platform designed to meet all of the expectations of the fast-growing amount of mobile traders as well as those investors who prefer the traditional desktop/ web platform. Offer your clients the best trading platform on the market and give yourself the tool that will help you increase your profits. Let us take care of your business by lowering your ongoing costs.

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