A recognizable logo will help your customer decide which payment gateway to use for deposit or withdrawal. A broker can select a visible icon in the administration panel. In addition, we have added new payment gateways to our platform. The transaction is now accessible to a wider range of users, as they handle credit card payments from almost all countries around the world.
More intuitive charts
Using the charts in all versions is now even more intuitive. Graphs for PCs and Internet platforms can be zoomed in and out using the mouse reel, thus making the historical candle overview more accessible. On the mobile platform, you can now use two fingers to zoom in and out. Forget about using the + and – buttons.
MULTILEVEL IB MODULE IN CRM
We have also added support for multi-level commission structures (up to 4 levels) with automatic generation of referral links. Each IB has its own access to the IB portal. It’s where all clients and commissions generated by their clients are visible. Customers can now make internal transfers between different accounts on the platform.
Easy desktop installation
Do you prefer to access the Match-Trader platform using a desktop shortcut? We’ve made it easier for you by creating a pop-up GIF file showing you how to configure it. Of course, the computer application is also fully synchronized with the mobile application.
Mobile trading takes over Forex industry
Marketing Team
Mobile trading takes over Forex industry
It is well known that forex trading requires from investors not only skills but above all discipline and the ability to control emotions. Until recently, trading required to spend several hours in front of a computer each week to keep a decent level of trading performance. Fitting Forex trading around a busy schedule can be challenging, therefore more and more investors are looking for solutions that will allow them to perform trades “on the go”.
Trading Forex from a smartphone has really taken off in the last few years. Match-Trade Technologies, a technology provider for Forex Brokers responsible for launching Match-Trader, a new trading platform has recently analysed the traffic on its clients’ trading platforms. The analysis revealed that over 75% of trades are executed on mobile platforms.
This shows that mobile trading gave forex traders great freedom by increasing their control over investing their funds. Thanks to smartphones investors can trade from anywhere they want at any time.
Brokers need to adapt to forex mobile trading
According to recent reports, the number of active smartphone users in the world increased by 8% in the last year reaching the point of 3,6 billion. Which means that in just 12 months, there were 270 million new actively used smartphones around the world. But what does it mean for Forex Brokers?
The growing number of clients using smartphones calls for a change in the brokers’ approach to trading apps. Today, it is no longer enough to offer such a possibility because customers expect the highest standards of usability from mobile applications. Most popular trading platform providers offer mobile versions of their platforms, but they are generic platforms without broker brand and name inside. It doesn’t bring too much value for the brokers if they cannot promote their brand on mobile devices.
It’s no secret that investors in the forex industry benefit from the volatility of markets. To make the most of every opportunity they need, they need constant control over investments and quick access to information. There is no better way to monitor this market volatility than using a smartphone that is always at hand. Universal Internet access allows traders to check prices in real-time and place orders and monitor trades literally anywhere they are.
Accessibility is the key to successful mobile trading
According to statista.com, almost 52% of web page views worldwide are performed on mobile devices (excluding tablets). And this percentage reaches up to 62% of webpage views via mobile generated in Asia. Moreover, on average 81% of the time spent online globally take place while using mobile devices with 91% of “mobile minutes” spent last year in India and Indonesia equally.
Internal research performed by one of the global brokers showed that there was an increase in mobile usage of their trading platform during the ‘commuting hours’ which indicates that people are checking in on the markets and their accounts while going to and coming from work.
PWA – modern technology designed for mobile trading
The average specifications of devices in developing countries differ from the specifications in more developed markets such as the USA and China. Therefore, a universal approach to application development is a must. For this reason, developers are increasingly using PWA (Progressive web app) technology to build applications. Thanks to this modern technology, the trading platform such as Match-Trader, does not require creating separate applications for mobile and desktop devices. And since it is, in fact, a single all-in-one application, all of the user’s settings and activities are synchronized and visible regardless of the device used to enter a trading account. Moreover, such a platform (app) is launched straight from an icon on the home screen of a chosen device and it doesn’t take any storage. This solution is especially convenient for users of less advanced smartphones requiring “lite versions” of apps thus it provides the very best performance.
One of the most important features of PWA technology is the ability to create apps with client own branding, without any dependencies on Google or Apple store. The branded app can be delivered to the broker within one day and all updates will happen automatically across all devices and systems. The client will enjoy always the same trading experience while using the web, desktop or mobile app whether his device runs on Android or iOS.
The forex mobile trading won’t stop growing
Although at the moment it looks like the global sales of smartphones have reached saturation and the activity of their users maintains a high though stable level, analysts predict another large increase in smartphone users with the advent of 5G technology, which will probably give a big boost for forex mobile trading and may cause greater migration of traders to mobile devices. It looks like we might have reached the point where a major factor of a client choosing one broker over another will be the mobile trading platform. Although many brokers have loyal customers, the very nature of the forex market will encourage traders to swap brokers to get better services and rates.
Therefore, every Forex Broker who wants to stay in the game must provide their clients with solutions that will allow them not only effectively execute trades on mobile devices but will also allow for efficient account management on the trading platform. For people who are just planning to start their own forex brokerage, it is obvious that the key aspect of choosing technology in the meaning of a trading platform will be finding an all-in-one trading system designed for mobile trading.
Boost your FX Broker with Match-Trader Platform
Marketing Team
Move your Forex business to Match-Trade Technologies and make the most of your FX brokerage with Match-Trader all-in-one trading platform. Looking for effective ways to grow your business? Reduce your costs and attract more customers by offering the flexibility in managing their accounts they won’t find in any other platform.
Why it’s worth transferring your FX business to Match-Trade
We offer the newest trading platform on the market, developed in-house to match expectations of both novice and experienced traders.
Migration of all clients’ accounts and history takes only 7 days and we guarantee no downtime. Keep all of your previous platform data and astonish your customers with new design end extensive management options
We do not charge B-Book turnover fee, Broker pays a simple monthly fee with all the features included in White Label package. No hidden costs guaranteed!
Liquidity connection to selected LPs free of charge
Digital currency payments, Credit card Payments and more than 300+ PSP available in Praxis cashier now embedded directly in Match-Trader platform
Our fees are very competitive compared to other popular trading platforms.
How Match-Trader helps converting leads into traders?
Single sign-on feature ensures no need to switch between different apps. Using Match-Trader platform together with our Client Office CRM provides access to all of your trading accounts using only one email and password.
Match-Trader app is installed straight from your website, there’s no need to redirect your customers to Google or Apple store. You can name your app whatever you want and add your own logo to ease access.
Embedded Client Office provides direct access to the Broker’s payment area allowing instant deposits to clients’ accounts and withdrawal requests. This way, funds can be deposited straight away in the platform without having to log in to a different app.
All the user’s data are synchronized across web/ mobile and desktop apps to enhance ‘trade on the go’ experience.
The whole process takes place virtually without the client’s involvement. After the MTT experts conduct a business analysis, determine the terms of cooperation and the monthly fee, the customer signs the contract and no longer has to worry about anything. The data transfer takes place over the weekend, so there is no downtime in the provision of services by the broker. Giving that Match-Trader is a new platform on the market, we provide our clients with all the instructions and marketing materials.
Become a Forex Broker in 5 steps
Marketing Team
1. Technology – trading platform
The most important part of Forex brokerage business is choosing the right trading system for as much it has to combine the needs of traders and ease the back-office management for a Broker. Therefore, on one side it has to be intuitive and user-friendly to attract novice traders but also offers advanced options to meet expectations of experienced traders.
Checklist of features for traders:
Intuitive & easy to install
Web/ mobile/ desktop apps
Real-time settings’ synchro across all devices
Deposits/ withdrawal straight from the platform
On the broker side, it needs to offer flexibility to integrate other useful tools and features via API. That could be CRM, or web forms, MAM and IB systems or plugins if it’s not already embedded in the system. Nowadays, customers perform their trader ‘on the go’ hence mobile version of the platform is a must. Although, it can be done on your own, finding a trusted technology provider who will advise or even better – takes care of the whole technology setup can bring serious savings.
Checklist of features for Brokers:
All-in-one system
Embedded CRM (Client Office)
Customizable to match your brand
Installation from the website (no Google/ Apple approval)
Optimised for user retention
Back-office apps in an affordable package
2. Payment system
As a regulated broker, you’re unlikely to face any problems with bank and credit card transfers. Although, you need to look out for the fees you or your customers will have to cover.
It gets tricky when you decide to conduct your business offshore. Of course, even European Brokers decided to expand in other regions to offer higher leverage and more flexibility. But in such case, even opening a bank account can be challenging. Also, transfers of your customers will be blocked by their banks, and credit card payments.
To handle your clients’ payments you need to connect your platform to an aggregator to access different Payment System Providers – the more the better your chances of successful payment processing are. This is the best way to solve the problem if not the only way to handle payments after FX industry regulations tightening.
Remember, nowadays traders expect the possibility of digital currency payments if you won’t enable it – they’ll find another Broker. Look for a fully automated digital currency payment gateway solution already integrated with Client Office (CRM) as it is the most convenient and cost-effective.
B book -> market maker. In this case scenario, you become the other side of your customers’ transactions. So you take all the risk and you need to cover all clients’ withdrawals. This model is recommended for experienced industry professionals rather than novice brokers.
A book -> STP/ECN you make a deal with your Liquidity Provider and all of your clients’ transactions are mirrored at one Hedge Account run by your LP. You don’t take much risk but you also make fewer profits as you make money on mark-ups/commission. This model is recommended for start-up brokers who are just learning the FX business.
There’s always a possibility to mix both models of execution and create a hybrid. Take time to consider pros and cons or preferably find a trusted and experienced FX technology provider who will help you start your business from a scratch.
4. Register your company
You need a registered company to be able to sign legal agreements with Liquidity, technology and payment providers. There are three types of legal jurisdictions for forex services (unregulated, semi-regulated and regulated) varying in license cost and scope. It is crucial to choose a jurisdiction where you’ll be able to fulfil all requirements. Most of the novice brokers start offshore as the registration is just a formality (the cheapest and easiest to obtain).
5. Website – online presence
No matter how small you start you need to remember that you only succeed if you manage to gain and keep the customers. A website is a must-have. Once you create an ‘online business card’ (branded page) with all the info about your offer, contact forms, account registration etc., you need to take care of marketing to attract customers. As little as keeping your Social Media profile active can make a huge impact.
Starting a new business isn’t that difficult but for it to be successful it requires proper preparation and knowledge. It’s best to get support from an experienced company as cost optimization and preventing bad decisions will definitely pay off.
The overview of the Match-Trader trading platform
Marketing Team
Match-Trader is a new all-in-one Forex trading platform created by Match-Trade Technologies the leading technology provider in the FX market. This stand-alone trading system was built in a Progressive Web Application (PWA) technology, therefore, it offers mobile, web and desktop apps together with embedded Client Office to enable making deposits and request withdrawals straight from the platform to increase user retention. The experienced investors will appreciate the modern edge and expanded options while the beginners will enjoy its simplicity and intuitiveness.
Designed for users’ convenience
Match-Trader ensures the very same trading experience regardless of the device.
Match-Trader ensures the very same trading experience regardless of the device. While designing Match-Trader, developers made sure that all the users’ settings are synchronized across web, mobile and desktop in real-time to secure constant trading experience. Meaning that every action taken by a trader in the web app will be visible on mobile devices, unlike other forex trading platforms where all changes must be applied manually.
Also, traders can download Match-Trader app directly from the Broker’s website and it can be launched from an icon on the home screen of a chosen device. Especially convenient for offshore brokers thus Google Play or Apple store approval isn’t necessary.
Build a strong FX brand
Match-Trader trading platform allows vast branding possibilities. As for Match-Trader platform, every single app will have its Broker’s logo displayed. Also, The platform Every Broker can name the app whatever he wants to build his brand awareness, add a logo, change colours of tabs and buttons, and many more. No more restrictions concerning brokerage name or appearing under the platform provider’s logo. All of this included in an affordable White Label offer.
Increase number of customers
To improve the customer journey and help to convert more leads into traders, Match-Trader developers have optimised onboarding and first-time deposit processes. The registration forms are embedded in the platform across all channels – mobile, web and desktop.
Easy to use for first-timers
Although Match-Trader’s user interface has a modern and sophisticated look, operating it is very easy and making a trade takes no more than 3 steps.
The user interface is rather a market standard. It provides a full view of funds required to open a trade, expected results of take-profit/ stop-loss orders. Also, all charts show the prices exactly as they appear in the Market Watch, also when marked up. But there is something for users who want to automate their trading PAMM/ MAM and Social Trading solutions to give traders more flexibility in managing their funds.
Back-office apps to manage the system
Full licence package includes additional back-office apps to self-manage the entire system. Obviously, Match-Trade’s 24/ broker support will help in any matter.
Manager app with API to handle customers
create new trading accounts,
passwords change,
handle deposits etc.
connect external applications to Match-Trader system
Admin app to configure the whole trading environment
set spreads, commission and leverages on the clients’ groups
Generous package
Match-Trader is offered in 2 versions as affordableWhite Label or a Full license package.
Match-Trader WL includes proprietary CRM (Client Office) integrating KYC providers, Match2Pay Payment Gateway and 300 other PSPs through Praxis Cashier. Above that, it’s also offered with ultra-fast Data Feeds for various instruments together with B-book execution with the ability to expand. Also, there are several LPs integrated with the system so they can be connected to without any problem.
Why is it worth trying?
To sum up, Match-Trader Forex trading platform is a good solution for small and medium-sized brokers, who look for a quality all-in-one solution at a competitive price. It offers the best trading experience and a couple of new, interesting benefits for both brokers and traders. The experienced investors should appreciate the modern edge and expanded options while the beginners will enjoy its simplicity and intuitiveness.
PRAXIS Cashier integrated with Client Office to extend payment options
Marketing Team
Thanks to the PRAXIS Cashier integration every Broker using Match-Trade’s Client Office have instant access to 300 different PSPs including 1000 various payment methods like tier-1 acquiring banks, e-wallets, APM’s and digital currency providers. All the system works to maximize the probability of payment success (advanced routing rules and constant support improve the deposit acceptance rates).
How does PRAXIS Cashier and Client Office work together?
Client Office being a CRM for Forex Brokers has several deposit options available and PRAXIS Cashier is among them. This integration allows seamless connection to any PSP (even previous ones if available in PRAXIS Cashier) to handle clients’ payments. Adding new PSPs to the aggregator is possible but, a merchant would still need to undergo an acceptance process. Although it only seems difficult since PRAXIS Cashier support introduces the broker to the most certain providers. It is very helpful as they consider broker’s regulation, payment history and region he wants to onboard clients from.
The client chooses the desired payment method from a popup form – all within the Client Office app. It displays the best payment solutions based on the trader’s country of registration.
Instant card deposits
For card deposits there is no redirecting – client provides card data in the same form which makes the payment experience even more uninterrupted. For client’s convenience, the same card some of the details are prefilled so there is no need to provide the entire card data in the future. PRAXIS Cashier’s credit card ‘Smart Routing’ system ensures that card transactions will be routed to the appropriate PSP to maximize the chance of approval. The routing system is designed to reduce decline rates by allowing the client to continue trying to deposit with multiple PSPs until success. After correct payment, funds are instantly sent to the trading account.
In the dynamic world of prop trading, seamless integration and instant access to information are crucial. Match-Trader’s Prop API is designed to revolutionise how brokers and Forex CRM providers interact…
At this year’s Finance Magnates London Summit (FMLS:24), Match-Trader proudly received the Best FX Trading Platform Award, solidifying its position as a game-changer in the trading industry. This prestigious recognition…
With the integration of Google Analytics (GA) and Google Tag Manager (GTM) into our Match-Trader platform, Forex Brokers and Prop firms gain valuable insights into trader behaviours, especially on demo…
Marketing Team
