Match-Trader Platform Achieves ISO 27001:2022 Certification, Reinforcing Security and Reliability for Clients
Marketing Team
We are proud to announce that Match-Trader, the flagship trading platform of Match-Trade Technologies, has successfully obtained ISO 27001:2022 certification, a globally recognised standard for information security management systems (ISMS). This certification is a significant milestone in our ongoing commitment to ensuring the highest standards of security and reliability in our trading technology.
The ISO 27001 Certification Process: A Rigorous Journey
Achieving ISO 27001 certification is a complex and demanding process. It involves a comprehensive audit of a company’s information security practices, policies, and procedures. For Match-Trader, the process began with a thorough internal review of how we handle sensitive data and manage risks. We then engaged an independent certification body, NQA, to assess our compliance with the ISO 27001:2022 standards.
The certification process was based on a full-scale review of our already robust security controls, covering every aspect of our trading platform, CRM, and Client Office systems. Our cloud infrastructure also had to meet stringent requirements for secure data hosting and processing. In addition to technical measures, the audit entailed an in-depth examination of policies for incident management, access control, and data protection.
This rigorous process ensures that Match-Trader’s information security management is not just a one-time effort but an ongoing commitment. Our systems will be reviewed by NQA yearly to maintain compliance with ISO standards.
What This Certification Says About Match-Trader
Being granted the ISO 27001:2022 certification confirms that Match-Trader meets international standards for data security and risk management. It demonstrates our ability to identify, assess, and mitigate risks, ensuring that our platform is both resilient and secure.
The certification applies to the entire Match-Trader trading system, including the trading platform, CRM, and Client Office. This means that whether you’re a Forex Broker or a Prop Trading firm using our system, you can trust that world-class security measures safeguard your data.
How This Benefits Our Clients
For Brokers and Prop firms, security and reliability are critical. By obtaining ISO 27001 certification, Match-Trader assures clients that it has the necessary safeguards to protect against cyber threats and data breaches, ensuring business continuity even in the face of unforeseen events.
For traders, this means that they can confidently use platforms built on Match-Trader’s technology, knowing that their personal and financial data is secure. The certification further underscores the robustness of our platform, which is designed to offer a seamless trading experience without compromising on security.
At Match-Trade Technologies, we believe that trust is the cornerstone of successful business relationships. With ISO 27001 certification, we are proud to provide our clients with the peace of mind that comes from knowing their data and trading activities are protected by international security standards
Conclusion
The ISO 27001:2022 certification is more than just a badge of honor for Match-Trader. It is a testament to our unwavering dedication to security, reliability, and quality. As the forex and prop trading markets continue to evolve, we remain committed to ensuring that our clients can trade with confidence on a platform that meets the strictest security requirements.
Tournaments and VWAP Execution: The Strategy to Skyrocket Lead Generation in Asia’s Prop Trading Market
Marketing Team
The high competition in the prop trading sector drives prop firms to constantly innovate in attracting top talent while navigating market constraints. Trading tournaments offer a novel solution, allowing aspiring traders to showcase their skills in a risk-free, simulated environment. When combined with advanced technology, this approach becomes a highly efficient way to generate leads without inflating costs, providing prop firms with a smart strategy for talent acquisition and boosting the potential for steady growth.
Trading Tournaments: Cost-effective Lead Generation
Prop trading firms traditionally rely on demo accounts to assess traders’ abilities. However, these demo environments often fail to replicate the complexities of live trading. Furthermore, the purchase of challenges is often completed through a firm’s CRM system, meaning traders rarely get a chance to familiarise themselves with the firm’s trading platform beforehand. Of course, traders can always use a demo platform offered by a technology provider. However, prop companies lose the value of acquiring leads from demo accounts (before purchasing the challenge), and the risk of traders opting for challenges from another company using the same platform increases.
The introduction of trading tournaments offers a clever solution to this issue. Tournaments allow firms to offer free or low-cost challenges, enabling traders to experience the platform under realistic conditions. These tournaments act as lead-generation tools by providing value to both the firm and the trader. The unique pricing model for Match-Trader clients includes penny-worth tournament accounts, allowing firms to attract more participants while significantly reducing expenses. The result? Prop trading firms gain valuable leads from tournament participants, who can later convert into paying clients.
Long-Term Value of Tournaments
Another key advantage of tournaments is their alignment with regulatory frameworks. In many regions, including parts of Asia like Thailand, forex marketing and solicitation face strict limitations. By promoting tournaments, prop firms can build brand awareness without violating these rules, as tournaments simulate real trading conditions without requiring an actual financial investment from participants.
For traders, tournaments offer a unique opportunity: the chance to experience a firm’s trading platform and potentially win prizes or challenge vouchers without spending money on regular challenges. This approach allows prop firms to not only gain visibility but also gather leads from engaged, interested traders who have already tested the firm’s platform.
Demo Execution Challenges in Prop Trading
Prop trading firms face the unique challenge of providing order execution that mirrors the conditions traders would experience in live markets to ensure a reliable evaluation process. Demo trades do not affect market depth or liquidity, which can result in traders developing a false sense of their strategies’ performance.
The creators of the Match-Trader platform address this issue by providing a “Demo Execution Mode” tailored for simulated trading. This feature mirrors real market conditions more accurately by incorporating Volume-Weighted Average Price (VWAP) execution, ensuring trades are executed based on available market liquidity. By simulating real-world conditions, the demo environment becomes more reliable, allowing prop firms to better assess and prepare traders for live trading.
Scaling Challenges: Engaging and Retaining Top Traders
Scaling challenges in the funded phase is a new feature in Match-Trade’s CRM for prop firms (in beta testing), designed to enhance engagement and support talented traders in maximising their profits. Once a trader successfully passes the evaluation process and gains access to real funds for trading, they typically receive a predetermined profit share based on the challenge they completed.
However, the scaling option allows traders to continue trading on their funded account without withdrawing their earnings or purchasing a new challenge. For example, instead of being limited to the initial $10,000 balance, the trader’s account could be scaled up to $20,000, giving them greater opportunities to profit. Additionally, the profit share ratio can be adjusted, such as moving from an initial 60:40 split to 80:20 in the trader’s favour.
This feature not only incentivises skilled traders to stay with the firm but also allows prop firms to retain their best-performing traders, who can generate more substantial profits in a real trading environment. By offering this flexibility, firms can cultivate loyalty and share in the success of their most promising talent, fostering long-term partnerships.
Advanced Technology to Outperform the Competition
Tournaments, when paired with an advanced demo execution model like Match-Trader’s, provide prop trading firms with a powerful lead-generation tool. By offering realistic trading conditions, reducing the costs of tournament participation, and ensuring scalability through robust CRM integration, prop firms can attract, evaluate, and convert traders more effectively. Adopting these solutions can significantly streamline operations and offer long-term value in a highly competitive industry.
Starting a Prop Trading Wing – A Strategic Move? Insights from the iFX Expo
Marketing Team
The recent iFX Expo shed light on several booming trends in the financial services industry, focusing on the rising prominence of proprietary trading wings within forex brokerages. As brokers navigate an increasingly competitive landscape, adding prop trading could be a strategic move with far-reaching benefits.
Why Forex Brokers should expand into prop trading
The panel at iFX Expo highlighted several reasons why brokers should seriously consider adding prop trading services to their offer. The foremost advantage is the opportunity to diversify their revenue streams. As Gary Mullen, CEO of FunderPro, pointed out, the cost of client acquisition for prop trading is significantly lower than traditional brokerage models. Brokers can leverage their existing client base, reducing acquisition costs to almost zero by offering prop trading to active users. Furthermore, prop trading enhances client engagement and extends the lifetime value of clients, as traders often transition from trading their accounts to participating in prop challenges.
In addition, with the volatility witnessed in recent months, brokers now have a unique opportunity to capitalise on their established trust and regulatory standing to enter the prop trading space confidently. The panellists also noted that brokers are well-positioned to succeed in prop trading due to their deep market understanding, technological infrastructure, and compliance frameworks, all of which are critical for navigating the complexities of the prop trading environment.
Alexis Droussiotis, Head of Match-Trader Platform, reinforced this point, stating, “Brokers should consider this because they understand the market, they have the knowledge, they are aware of the risks – so they are the perfect candidates. In regards to technology, they have a trading platform, they have a CRM, they have the PSPs (Payment Service Providers), and they’re integrated with their LPs (Liquidity Providers).”
Prevent your trading technology from becoming a single point of failure
To avoid the risk of having their trading platform licence revoked by the technology provider, brokers need to adopt a strategic approach when selecting their partners. Recent actions by a major platform provider, which involved shutting down platforms of forex brokers collaborating with prop firms, have underscored the importance of ensuring that any chosen platform fully complies with relevant regulations. These abrupt terminations forced many firms to quickly seek alternative platforms.
Alexis Droussiotis highlights the importance of partnering with providers who have a deep understanding of the market-specific needs backed by years of industry experience and a track record of supporting hundreds of successful clients. It’s not just about finding a provider; it’s about securing a partner committed to long-term collaboration. Short-term engagements that end after a few months can disrupt operations, so it’s essential to work with providers who have strong support structures in place – technical teams, marketing departments, and more – to ensure ongoing stability and growth. This approach minimises risks and fosters a sustainable partnership.
Vitaly Kudinov from Devexperts highlights another critical aspect: compliance with licensing requirements, especially when handling real market data in futures or stock trading. Failure to adhere to these requirements can result in legal complications and conflicts with other brokers who pay for access to this data. Additionally, Vitaly points out that the demands on prop trading platforms are often more predictable and stable than those of traditional brokerage platforms. This allows brokers to proactively test and ensure the platform’s ability to handle the necessary user base and trading volumes without unexpected issues.
Gary Mullen adds that understanding why traders choose specific trading platforms is vital. Often, their preference is influenced by the platforms they were trained on. Therefore, offering a diverse range of platforms can give brokers a competitive edge by meeting the varied preferences of their clients. Moreover, with the increasing demand for demo accounts, it’s crucial that these accounts accurately reflect real market conditions. Mullen highlights that these accounts should not be treated as mere demos; they must use real-time data and ensure execution mirrors actual market conditions. The best way to reflect that on simulated accounts is by utilising Volume-Weighted Average Price (VWAP) execution rather than best bid-offer prices. This approach prepares traders more effectively for live trading.
Identifying challenges of prop trading to ensure long-term business growth
To ensure longevity, trader-funded firms must avoid common pitfalls such as underestimating the importance of providing prop traders a robust and realistic trading environment. As highlighted by the panel, firms should avoid treating prop accounts as mere demo accounts. Instead, they should be designed to reflect real market conditions, including factors like slippage and variable pricing, to provide a genuine trading experience.
Another significant issue is the approach to risk management. Forex brokers, particularly those who internalise risk (B-Book model), often don’t fully grasp the different risk dynamics in prop trading. Unlike traditional trading, where traders have their own capital at stake, prop traders typically don’t have personal financial exposure. This absence of “skin in the game” can lead prop traders to take higher risks with less emotional impact, as the primary loss is time rather than money. Consequently, brokers can’t apply their standard risk models used for conventional trading accounts to prop trading. They must adapt their strategies to account for prop traders’ unique behaviours and risk profiles.
Furthermore, trader funding firms should be wary of the “race to the bottom” mentality, where challenges become too easy, cheap, and frequent. This approach can undermine the credibility of the prop trading model, turning it into a short-term capital grab rather than a sustainable business. Firms should instead focus on creating meaningful and challenging evaluation criteria that attract serious traders and contribute to the long-term success of both the traders and the firm.
Prop trading challenges participants vs traditional traders
The panellists observed distinct differences in the mindsets and trading habits of traders participating in prop trading challenges versus those in traditional brokerage settings. Prop traders tend to be more risk-averse, often focusing on fewer, higher-quality trades due to the structured nature of prop challenges. This contrasts with traditional traders, who may take more exploratory positions as they develop their strategies.
Moreover, prop traders operate under strict time constraints, which can influence their trading behaviour, making them more disciplined but also more prone to taking calculated risks as deadlines approach. This psychological difference is crucial for brokers to understand when designing prop trading offerings and evaluating trader performance.
Observed trends to increasing lifetime value in proprietary trading
Traditionally, prop trading firms used their own capital to trade the markets, focusing on identifying and nurturing skilled traders who could generate profits for the firm. However, with the rise of retail traders, many firms have transitioned to a model based on “challenge fees,” where traders pay for the opportunity to prove their abilities in exchange for potential funding. While this model initially attracted a large pool of retail traders, it has also raised concerns regarding its sustainability and long-term benefits for traders. Many talented traders avoid prop firms because they view these challenge-based models as “too good to be true,” undermining trust in the industry.
The future of prop trading seems to be shifting back to its original purpose – finding skilled traders who can trade a firm’s capital and generate revenue based on performance rather than upfront fees. This evolution aligns the interests of both the firm and the traders. Firms will likely see more consistent returns from traders with proven track records, and talented traders will find a professional environment to thrive in.
As this transition unfolds, platforms and infrastructure will also need to adapt. Prop trading firms will require flexible trading platforms that can accommodate various asset classes with market data from reliable sources, eliminating the need for third-party providers. The demand for customisable front-end interfaces will grow as firms seek to tailor trading environments to the needs of professional traders.
To increase the lifetime value of their clients, brokers should consider integrating prop trading services that appeal to a broad range of traders, from novices to experienced professionals. By offering tailored educational challenges and creating a clear pathway for traders to grow and succeed within the prop trading framework, brokers can foster loyalty and long-term engagement.
In conclusion, Alexis Droussiotis pointed out that the risk of missing out on this growing segment is high: “If a broker doesn’t make a move, someone else will, and they will miss that segment of the market that they could have acquired perfectly.”
Adding prop trading services presents a strategic opportunity for forex brokers to diversify their offerings, attract a wider audience, and increase client lifetime value. However, success in this space requires careful planning, the right technology partnerships, and a commitment to creating a sustainable and credible trading environment. As the prop trading trend continues to evolve, brokers who adapt and innovate will be well-positioned to reap the rewards.
Match-Trade August Release 2024
Marketing Team
We are excited to introduce a series of updates designed to enhance user experience and streamline operational efficiency for both traders and Brokers across our solutions. One of the standout features in this release is the new Live Chat integration within the Match-Trader platform, providing traders with seamless, real-time support from Brokers. This comprehensive tool not only enables immediate issue resolution but also includes a sophisticated ticketing system that optimizes customer support management.
Live Chat Integration in our Match-Trader Platform
Experience a new era of real-time communication with our innovative Live Chat extension. Specifically designed to enhance interaction between users, this new feature allows traders to connect directly with their Broker within seconds, without leaving the trading platform, ensuring swift issue resolution and continuous monitoring. The Live Chat system also includes an advanced ticketing feature that converts chats and emails into manageable, trackable tickets, allowing for efficient prioritisation and resolution directly through the Live Chat interface. With capabilities for ticket categorization and tagging, the system enhances workflow efficiency and provides valuable insights into customer interactions, enabling Brokers to refine their support system.
Benefits for Brokers:
This integration ensures that clients have direct and immediate access to support, leading to faster problem resolution and an overall smoother trading experience. Moreover, it seamlessly integrated with a wide range of platforms, including:
Facebook Messenger
WhatsApp
WeChat
And many more
With this comprehensive integration, Brokers can maintain consistent and effective communication across multiple channels, ensuring that they are always accessible to their clients.
Introducing the New “Platform Logs” Tab in Our Forex CRM
We’re excited to announce the addition of the “Platform Logs” tab to our Forex CRM system, specifically designed to enhance the visibility of MTR user interface logs. This powerful new feature simplifies the interpretation of platform logs, enabling more effective system monitoring and rapid issue identification.
Benefits for Brokers:
For Brokers using our Forex CRM system, this update brings significant benefits. Centralizing all platform logs within the CRM makes accessing critical data far more streamlined for your technical support teams, ensuring they can respond swiftly to any issues. The improved tracking of user activities, including details such as the IP addresses from which positions were opened or closed, allows for a deeper understanding of platform usage. This not only aids in preventing potential fraud but also plays a crucial role in diagnosing and addressing security-related concerns. This enhancement is designed to strengthen your operational efficiency and security, making it easier to maintain a reliable and secure trading environment.
Full Account Statement Export on the Match-Trader Platform
In response to the needs of traders, we have introduced a new feature that allows for the export of a complete trading account history in HTML format. This advanced yet user-friendly feature enables users to quickly generate a full report with all relevant information in just a few clicks.
Benefits for Brokers:
This feature simplifies the process of exporting the data that matters most to traders. Users can quickly obtain a comprehensive account statement and efficiently review and analyze their trading history without hassle. This not only saves time but also provides a clear and organized way to access all critical account details whenever needed.
Moreover, by empowering traders to analyze their own trading strategies with comprehensive data, Brokers foster a more engaged and informed client base. As traders refine their strategy, they are likely to trade more actively and with greater confidence, potentially increasing trading volumes and enhancing the Broker’s revenue. Additionally, the transparency and ease of access to account information can build greater trust between traders and Brokers, contributing to long-term client retention.
Upcoming Holidays Display in the Symbol Info of our Match-Trader Platform
This August, we’re also introducing a new feature in the Symbol Info section within the Match-Trader platform that provides information about upcoming trading breaks and special events that may affect the market opening hours for specific instruments. This enhancement allows traders to better plan their investing activities.
Benefits for Brokers:
This feature benefits Brokers by improving transparency and helping traders stay informed about market schedules. With clear, advance notice of market closures and special events, traders can plan their activities more effectively, reducing the likelihood of disruptions. This not only decreases the volume of support inquiries related to trading hours but also promotes smoother trading operations.
Streamlined Terms & Conditions Management in our Forex CRM
This August, we’re introducing a new feature in our Forex CRM system that allows the distinction between mandatory and optional Terms & Conditions (T&C). This enhancement enables a more tailored registration and account management process, benefiting both traders and Brokers. When T&C is marked as mandatory, the user must accept it to complete the registration. If T&C is optional, the user can proceed without acceptance, and the details of their consent are recorded and visible in the account overview.
Benefits for Brokers:
Brokers can easily adapt their registration processes to meet the specific legal requirements of various jurisdictions. By designating certain Terms & Conditions as mandatory, brokers ensure compliance where it’s required. Brokers gain greater control over the registration process, ensuring that all necessary legal agreements are accepted before account activation.
Streamlined Balance Overview in our Forex CRM
We’re introducing a feature that enhances the User Experience of our Forex CRM. This feature allows Brokers to quickly check the balance of multiple trading accounts in the Trading Accounts tab without needing to navigate to each account’s detailed view.
Benefits for Brokers:
This feature offers significant time savings by enabling Brokers to instantly access the balance information of multiple accounts. Without the need to delve into the detailed view of each account, Brokers can conduct financial and operational analysis more efficiently. This streamlined approach not only speeds up decision-making processes but also enhances overall workflow, allowing Brokers to manage trading accounts with greater ease and effectiveness.
Enhancing User Experience in our Forex CRM
In August, we introduced several enhancements aimed at improving the user experience within our Forex CRM. One of these key updates is the addition of a new column in the leads/clients tab that displays the most recent notes related to each client or lead.
Benefits for Brokers:
This feature makes it easier and faster for Brokers to identify and understand users by providing immediate access to the latest notes directly from the leads/clients tab. With this additional information readily available, brokers can gain a more precise and comprehensive view of each user’s status and needs without needing to navigate through multiple screens. This streamlined access to essential details enhances the efficiency of managing leads and clients, enabling more informed and timely interactions.
TON Blockchain support in our Match2Pay crypto payment processor
In August, we expanded our list of supported cryptocurrencies and networks to include the TON blockchain. This means all Match2Pay users can now make deposits and withdrawals using TON coins, as well as tokens like USDT and USDC, transferred via The Open Network (TON). Developed by the Telegram app, TON blockchain offers strong technological foundations and extensive integration within the Telegram ecosystem. Learn more here: https://match2pay.com/match2pay-adds-support-for-ton-blockchain/
Benefits for Brokers:
The expansion of supported cryptocurrencies through Match2Pay enhances payment flexibility. Merchants can now accept a broader range of cryptocurrencies, which is crucial for attracting and retaining a diverse customer base. Additionally, the inclusion of crypto with lower transaction costs and fast processing times helps minimise withdrawal fees for customers.
Enhanced Match-Trader Prop Trading Integration for External CRMs
We have expanded the functionality of our Broker API, enabling external CRM systems to seamlessly integrate and leverage our Prop Trading features. These new API endpoints enable Brokers to efficiently manage key operations directly from their CRM. Brokers can now create trading challenges and query the maximum withdrawal amount available from trading accounts.
New Features:
Challenges Management: Brokers can now create or edit challenges directly through the API, providing more control and customization over trading challenges.
Max-Amount-to-Withdraw: A new endpoint allows Brokers to retrieve the maximum possible withdrawal amount, facilitating better financial management and client communication.
Benefits for Brokers:
This expansion significantly increases the range of actions that can be performed via the Broker API, enhancing overall integration efficiency and effectiveness. By enabling external CRMs to manage challenges and financial parameters directly, Brokers gain streamlined operations, reduce manual intervention, and respond more quickly to client needs. These enhancements allow for greater control over trading environments, leading to improved client satisfaction and operational flexibility.
Partial Close Support in Our Multi-Level IB System
We have introduced a new functionality to our Multi-Level IB System that modifies how commissions are calculated. Now, commissions will be charged for each partially closed position rather than only for the first part. This ensures fair and accurate commission charges that reflect the actual trading activity and profits generated by traders.
Benefits for Brokers:
This feature ensures that every transaction is accurately and fairly charged with the appropriate commission, reflecting the accurate trading volume and activity. By providing a more transparent and precise commission structure, Brokers can foster a better understanding among traders about how their commissions are calculated. This transparency can increase trust and satisfaction as traders feel more confident in the system’s fairness. Additionally, brokers can align commission charges more closely with actual trading activity. This feature ensures a more balanced revenue stream that better reflects the performance and engagement of their clients.
Match-Trade July Release 2024
Marketing Team
In our July update, we are excited to unveil a range of improvements to the Match-Trader platform, Forex CRM, and our Digital Payment Processor Match2Pay, all aimed at enhancing user experience and optimizing operations for Brokers. A key highlight of this release is the new QR code login feature, enabling traders to easily access the web version by scanning a QR code from the Match-Trader mobile app. Discover how these and other upgrades can enhance the efficiency of your brokerage operations.
Login to the Match-Trader Platform using the QR Code Option
This month, we’ve significantly enhanced the login process on the Match-Trader platform, providing traders with more convenient and secure login options. The platform now features a QR code on the login screen. Users logged into the Match-Trader mobile app can scan this code to instantly access the web version without entering a username and password.
Benefits for Brokers:
The QR code login feature significantly improves the user experience by making the transition from mobile to web seamless and instantaneous. It saves traders time and effort, especially when logging in from new or unfamiliar devices, by eliminating the need to type in credentials repeatedly. Additionally, the QR code login boosts security by reducing the risk of unauthorized access, as it minimizes the need to enter passwords on potentially insecure devices or networks, ensuring only verified users can log in. By offering such innovative and user-friendly features, Brokers can attract and retain clients, demonstrating a commitment to cutting-edge technology and enhancing the platform’s appeal.
TradingView Charts now available in the Match-Trader Platform
We’re thrilled to unveil a major enhancement to the Match-Trader platform, aimed at accelerating the growth of proprietary trading firms. This new feature integrates TradingView charts directly into the Match-Trader platform, providing all clients and traders with access to the world’s most renowned charting tools at no additional cost. This integration significantly broadens the capabilities of the Match-Trader platform, allowing traders to leverage TradingView’s advanced charting functionalities within their trading environment.
Benefits for Brokers:
Integrating the TradingView Charts enhances the analytical capabilities of the Match-Trader platform, increasing the potential user base for Prop Firms and boosting their investment engagement. This integration provides traders with advanced charting tools that are widely recognized and trusted in the trading community, helping Prop Trading Companies attract and retain more clients by offering superior analytical resources. Additionally, this feature can lead to higher user satisfaction and engagement, as traders have more powerful tools at their disposal to make informed trading decisions.
Expanding analytical capabilities of the Match-Trader Platform
This month, alongside the integration of external charts, we have also focused on enhancing the built-in charts on the Match-Trader platform. The new chart version is more responsive to trader actions, allowing for greater user interaction with price changes. The ability to expand and contract the X and Y axes (time and price) makes the charts an excellent tool for in-depth technical analysis. Additionally, the charts now offer smoother performance and are easier to use, with the option to switch effortlessly between free pan and fixed view modes.
Benefits for Brokers:
The updated charts on the Match-Trader platform allow Brokers to cater to the individual needs of their users, providing a more tailored trading experience. These enhancements enable traders to conduct faster and more optimal testing of their trading strategies, especially in technical analysis. This not only increases user satisfaction but also encourages more active and informed trading practices, ultimately benefiting the Brokers by fostering a more engaged trading community.
Custom KYC settings in the Match-Trader Platform
In July, we introduced enhancements to Match-Trader’s onboarding process, offering Brokers greater customization options. One of the key updates is the ability to hide bank details during the KYC process. Brokers can easily manage this feature through our Forex CRM under Configuration > Broker Profile.
Benefits for Brokers:
This feature empowers Brokers to customize their KYC process by removing the requirement to provide bank details during registration. It streamlines the onboarding process, making it quicker and more efficient. Additionally, it helps Brokers better comply with regulatory requirements by offering more flexibility. This customization ensures that the platform can be tailored to meet specific business needs, resulting in a more efficient and compliant KYC process.
Changing Account Leverage via Broker API
This month, we have introduced a new endpoint to the Broker API that allows brokers to change the leverage of trading accounts directly through the API. Previously, this functionality was only accessible via the Back Office. Now, Brokers can adjust leverage settings much faster and more efficiently.
Benefits for Brokers:
The new endpoint significantly expands the range of actions that can be performed via the Broker API, streamlining API integration. This improvement enhances operational efficiency, allowing Brokers to manage leverage adjustments swiftly without needing to access the Back Office, thus saving time and improving response times for client needs.
Improved Role Management in our Digital Payment Processor Match2Pay
In our Сrypto Payment Processor, Match2Pay, we’ve introduced a robust Roles Management feature that empowers Brokers to create new users and customize their permissions effortlessly, tailoring access to suit Brokers’ specific needs.
Benefits for Brokers:
This feature provides Brokers with complete control over who can access the Match2Pay dashboard. They can designate and manage roles within the team, ensuring only authorized personnel can access sensitive information and functionalities. By enabling independent assignment and modification of permissions, Brokers can swiftly adapt to the evolving needs of their business without waiting for support intervention. The result is a more efficient operation, with faster onboarding and role adjustments.
Enhanced Security in Match2Pay with Two-factor Authentication
This July, we have been working on enhancing the newest Match2Pay version, which we are currently rolling out to our clients. As part of these improvements, we focused on boosting security by adding the ability to require users to set up Two-Factor Authentication (2FA) using Google Authenticator. Within the dashboard, brokers can now choose which users must enable 2FA, reset existing 2FA settings, and allow users to set it up again. Additionally, it is possible to disable an already configured 2FA, meaning it won’t be required at login. If 2FA is re-enabled for a user, they can authenticate using their existing setup.
Benefits for Brokers:
Two-factor authentication boosts security for brokers by reducing the risk of unauthorized access to the dashboard. This additional layer of security ensures that only verified users can log in, protecting sensitive information. Even if passwords are compromised, the requirement for a second form of verification prevents unauthorized access. 2FA also guards against phishing attacks and helps meet regulatory compliance requirements, which is vital for maintaining client trust. Brokers can selectively enforce 2FA, customizing security measures for different roles and balancing security with convenience. Additionally, the ability to reset 2FA settings allows for quick recovery if a user loses access to their 2FA device, minimizing downtime.
Processing Fee Handled from Broker’s Balance
We have introduced a new configuration in our Match2Pay Digital Payment Processor that allows processing fees to be deducted directly from the Broker’s balance with each transaction. Previously, if a Broker chose not to charge their clients for the processing fee, it had to be manually deducted from the balance at the end of the month.
Benefits for Brokers:
This new feature enables better monitoring of collected fees, providing real-time control over fees for each transaction. It simplifies the creation of financial reports and settlements for clients, ensuring that all processing fees are accurately tracked and managed on an ongoing basis. This enhancement not only improves financial oversight but also streamlines the administrative process for Brokers, making it easier to maintain accurate financial records and ensuring transparency in client billing.
Fixed Amount Booking in the Match2Pay
We have introduced a new feature to our payment gateway configuration that allows Brokers to freeze the exchange rate during deposit booking. This functionality lets Brokers specify an expected deposit amount and introduces a new “partially paid” status.
Benefits for Brokers:
Freezing the exchange rate provides significant benefits by protecting against currency fluctuations, ensuring that the deposit value remains stable and predictable. This stability allows clients to accurately plan their expenditures and revenues, knowing that the rate will not change during the booking process. As a result, the entire payment process becomes more transparent for clients, enhancing trust and clarity in financial transactions. Additionally, this feature simplifies financial management and reporting for Brokers, as the fixed rate ensures consistent and reliable financial data.
By providing these new features, Match2Pay helps Brokers maintain a secure, efficient, and adaptable payment processing environment, empowering your business to respond quickly and effectively to changing circumstances.
Match-Trader breaks new ground for prop firms with TradingView charts and Tournaments offer
Marketing Team
Match-Trade Technologies is proud to announce a new upgrade to the Match-Trader platform offer, specifically tailored to boost the growth of proprietary trading (prop) firms. The latest development integrates TradingView charts directly into the Match-Trader platform, enabling access to the world’s most popular charts for all platform clients and traders, at no extra cost. Featured by special pricing dedicated to Tournaments, Match-Trader offers its prop clients unique conditions to start and grow their business with a full server or white label platform.
Earlier this year, Match-Trade Technologies entered a strategic collaboration with TradingView, renowned for its comprehensive charting solutions. Inspired by GBE Brokers, the full integration between the two renowned platforms available exclusively to regulated forex brokers has now been extended to prop firms. This marks a significant expansion of the Match-Trader platform’s capabilities, ensuring prop traders can now use TradingView’s powerful charting tools directly within their trading environment.
Enhanced Trading Experience with TradingView charts
Prop firms and brokers offering the Match-Trader platform now provide a dual-charting solution that includes both TradingView and the platform’s proprietary charts. With a simple toggle button, traders can seamlessly switch between the two chart types, enhancing their market analysis and decision-making processes. This integration eliminates the need to switch between multiple interfaces, thereby streamlining the trading experience and boosting efficiency.
“By integrating TradingView charts directly into our platform, we are addressing a key challenge faced by traders who need robust, versatile tools within a unified interface. This upgrade underscores our commitment to meeting traders’ needs and enhancing their trading environment,” says Alexis Droussiotis, Head of the Match-Trader platform.
Unique Competitive Edge at no extra cost
The Match-Trader platform stands out by offering unique built-in prop trading solutions. It features dashboards for tracking user performance, purchasing challenges directly from the platform, and a host of other features designed in response to feedback from the prop trading community. These enhancements ensure that prop firms using Match-Trader gain a competitive edge over those relying on legacy platforms.
Prop firms benefit from offering their traders the world’s most loved TradingView charts. This enables more advanced market analysis and attracts a broader range of traders. This feature-rich environment is designed to cater to traders’ specific needs and habits, making Match-Trader a preferred choice for top prop firms.
Supporting Growth Through Innovation
In line with these technical advancements, Match-Trade Technologies has also introduced special pricing for Tournament accounts. Tournaments, a popular activity among prop firms, help attract traders by allowing them to participate in challenges and test the platform before committing. Understanding the importance of these initiatives, Match-Trade Technologies offers Tournament accounts at a fraction of the regular cost, demonstrating a commitment to supporting the growth of their clients.
Looking ahead, Match-Trade Technologies plans to release an update to their proprietary Prop CRM, seamlessly integrated with the Match-Trader platform. This update will facilitate the management of Tournaments and user rankings within the system, providing a comprehensive suite of prop trading solutions ideal for startups and established firms alike.
Prop Industry Recognition
The effectiveness and appeal of the Match-Trader platform are reflected in its adoption by 50% of the top 10 prop firms listed by PropFirmMatch, including the industry-leading FundingPips. This widespread adoption underscores the platform’s capability to meet the diverse needs of the prop trading community.
Match-Trade June Release 2024
Marketing Team
In our June release, we are thrilled to unveil a range of improvements to our Match-Trader platform, specifically designed to give Prop Trading firms increased flexibility and control. These updates underscore our dedication to continuously evolving our platform in response to user feedback and industry needs. A standout feature of these enhancements is the newly introduced Promo Code functionality, which is crafted to provide special conditions and discounts for traders, helping to attract and retain more users.
Promo Code feature for Prop Firms on our Match-Trader platform
To help Prop Trading firms attract and retain traders more effectively, we have introduced a new feature on our Match-Trader platform: promo codes. These promo codes provide three key functionalities:
Reducing fees for challenges
Rewarding referrers with a percentage or fixed amount for purchased challenges
Offering discounts on new challenges to reward continuous learning
A new tab has been added to the CRM for configuring promotional codes. It features a list of existing codes and the ability to add new ones.
Benefits for Brokers:
The introduction of promo codes significantly enhances the platform’s appeal. By allowing Prop Firms to offer special conditions and discounts and incentivizing referrers to promote the platform, we empower them to attract and retain more users. The feature offering discounts to users who strive to succeed encourages them to keep trying and learning, thereby boosting customer retention and engagement. Additionally, the streamlined process for entering codes during Challenge Selection improves user convenience, increasing interest in the Prop Firm offerings.
Sound Notifications on the Match-Trader platform
Events with Sound Notifications:
Position Opened/Closed: A sound plays whenever you open or close a position, immediately notifying you that the action is complete.
Broker Notification Received (Inbox): Every new notification from the broker is accompanied by a sound, ensuring you don’t miss any important information.
Logged Out: If you are logged out of the application, you will hear a sound informing you of this event.
Connection Lost: Should you lose connection to the server, the system will instantly alert you with a sound.
We have added sound notifications that play each time any of these events occur. Traders have full control over these notifications; they can adjust the volume and enable or disable them in the User Settings, where a new “Sound Notifications” section has been added.
Benefits for Brokers:
Sound notifications enhance traders’ awareness of platform activities, especially when using the web version in a different browser tab. This improves the efficiency of monitoring and responding to events in real-time. Immediate sound alerts for key events enable quicker decision-making and prompt responses to changing market conditions.
Enhancing Google/Discord Sign-In options: Introducing Register Only and Login Only modes
This month, we also focused on enhancing the onboarding flow for traders using the Match-Trader platform. We now offer the option to activate register only and login only modes for Sign In with Google/Discord upon Broker request. This feature is especially useful for Brokers who utilize external CRMs integrated with the Match-Trader platform ecosystem.
Benefits for Brokers:
These new modes make it easier for Brokers to integrate login and registration functions directly with their own websites and landing pages. This ensures a consistent user interface and allows for better customization to meet specific client needs. By streamlining these functionalities with external CRM systems, Brokers can enhance the user experience, maintain a cohesive interface, and tailor the platform to better suit their clients’ requirements.
More intuitive account statistics on the Match-Trader platform
To ensure the best experience for users of the Match-Trader platform, we continuously improve its functionality. Previously, the ROI statistic in Closed Positions was always returned for the entire period of statistics. We have now updated this feature to display the ROI based on the selected time range, with the default setting being the last 24 hours.
Benefits for Brokers:
Providing ROI information based on a selected time range makes the data more straightforward and more relevant for each trading account. Displaying ROI for the entire account history could be misleading for some users compared to the data visible in Closed Positions. This update allows for faster and more intuitive access to account statistics, enhancing the overall user experience and making it easier to evaluate recent performance.
Enhanced account registration view for Prop Firms on the Match-Trader platform
We are continuously working to tailor our Prop Trading solution to meet the growing market expectations. As the first step in the account registration process on the Match-Trader platform, we have introduced a new, refreshed Challenge Selection view. This view presents available challenges filtered by phases, currencies, and account sizes, allowing users to select the appropriate challenge before proceeding with the registration.
Benefits for Brokers:
This improvement enhances the attractiveness and intuitiveness of the registration process by immediately presenting available challenges, which can increase the engagement and satisfaction of new users. By streamlining the initial steps and providing clear options, Brokers can attract more traders and facilitate a smoother onboarding experience.
Push Notifications for Prop Traders on our Match-Trader Platform
We have introduced push notifications for three key actions on our Match-Trader platform for Prop Trading Firms: achieving the profit target, progressing to the next phase, and failing a challenge, with distinctions for Max Loss, Max Daily Loss, and exceeding the Trading Period. These notifications contain appropriate titles and messages for each situation, informing users about their progress or the conclusion of their challenge.
Benefits for Brokers:
This new feature increases user engagement by keeping them informed about important events related to their accounts. With personalized notifications, users can quickly respond to changes in the status of their challenges, enhancing their experience and motivating them to continue trading. This targeted approach ensures that prop trading firms can provide their traders with timely and relevant updates, improving overall satisfaction and retention.
New Labels for Prop Accounts on the Match-Trader Platform
In June, we introduced a significant change to the Match-Trader platform interface for prop trading accounts. The label “Demo/Live” has been updated to “Prop”, and the presentation has been adjusted based on the account status.
The new options for prop accounts are as follows:
Account Awaiting Payment → Prop with a yellow dot
Active Account → Prop with a blue dot
Active Funded Account → Prop with a green dot
Failed Account → Prop with a red dot
Benefits for Brokers:
These changes help in clearly marking and identifying prop accounts, making it easier for users to manage them within the system. This is also important from a User Experience perspective, as the account name will accurately reflect the type and status of the account. This clarity improves navigation and account management, enhancing traders’ overall satisfaction.
We have enhanced our CPA Program to provide more flexibility in crediting bonuses. Now, bonuses can be applied not only to the first deposit on the main trading account but also to the first deposit on each subsequent trading account. This option is available in the CPA Program configuration and can be tailored to meet specific needs.
The CPA Program allows Brokers to reward their Introducing Brokers (IBs) for their clients’ First Time Deposits (FTDs). This feature in the CRM improves Brokers’ ability to manage and reward their IBs efficiently, fostering better relationships and encouraging further client acquisition.
Benefits for Brokers:
This functionality allows bonuses to be automatically credited to newly created accounts, even if the main trading account is closed or deleted. This significantly reduces the need for manual bonus additions, streamlining the process and saving time. Brokers can offer more flexible and attractive deposit bonuses, which can help increase customer retention and satisfaction.
Expanded Challenge Customization options for Prop Firms on the Match-Trader Platform
We have introduced new enhancements specifically for Prop Trading Firms, expanding the options for calculating the Daily Loss Limit with three additional methods: initial balance, equity, and balance/equity.
The initial balance method calculates daily loss as a fixed percentage of the starting balance.
The equity method determines daily loss based on the equity value during the daily account check.
The balance/equity method takes into account the higher value between balance and equity.
Now, there are four available options: initial balance, balance, equity, and balance/equity.
Benefits for Brokers:
The new daily loss limit calculation options provide greater flexibility and customization to meet individual client needs. This allows for better risk management and increases the variety of challenges available. It offers Prop Firms enhanced control over trading accounts and expands the possibilities for creating diverse trading challenges.
Event Log Tab in the Social Admin App
A new Event Log tab has been introduced in Social Admin, providing administrators with detailed monitoring of system events in a chronological list. To access the Event Log, simply login to the Social Admin application and navigate to the Event Log tab, where you can view system events. The types of events logged include:
Copy_trade_open: Opening a position for a follower
Copy_trade_close: Closing a position for a follower
Copy_trade_partial_close: Partially closing a position for a follower
MM_add: Adding a new Money Manager
MM_remove: Removing a Money Manager
MM_edit: Editing a Money Manager
Configuration_edit: Editing system configuration
Subscribe: Subscription
Unsubscribe: Unsubscription
Incentive_fee_pay: Charging incentive fees
Management_fee_pay: Charging monthly fees
Management_fee_return: Returning monthly fees
For improved readability, events such as Copy_trade_open, Copy_trade_close, and Incentive_fee_pay are grouped by the position they pertain to. Additionally, the Event Log allows filtering by time, event type, and outcome (Success/Fail).
Benefits for Brokers:
The Event Log enables administrators to analyze failed actions without the need to sift through detailed logs, saving time and simplifying problem identification. This feature provides administrators with enhanced and more effective system management and monitoring capabilities.
Leveraging Discord to Build a Thriving Trading Community – Game changer for Forex Brokers?
Marketing Team
The increasing popularity of Discord among proprietary trading communities underscores the platform’s significant benefits for real-time communication and collaboration in the forex trading landscape. Effective communication is crucial in the dynamic world of forex trading, where every second counts. Observing evolving trends in trader interaction, the integration of Discord into the Match-Trader platform is a strategic enhancement tailored to meet the needs of modern traders.
A growing preference among traders is for instantaneous communication to navigate rapidly fluctuating markets. Discord, renowned for its seamless chat and voice functionalities, allows traders to exchange information in real time, empowering them to respond swiftly to market shifts and capitalize on emerging opportunities. This instant connectivity is vital, as the speed at which traders can act is often synonymous with their success.
Furthermore, the trend towards collaborative trading strategies is on the rise. Discord excels in creating a community environment where traders can come together to share resources and strategies, fostering a culture of knowledge exchange and collective growth. This not only enhances individual trading strategies but also cultivates a supportive network that leads to more informed and strategic trading decisions, making traders feel more connected and supported.
Proprietary trading firms and Forex brokers, who often struggle with coordinating strategies among teams and maintaining robust client communications, find a reliable solution in Discord. Its customizable settings ensure secure communications and compliance with regulatory standards, safeguarding sensitive information while promoting an open exchange of ideas and strategies.
The importance of social media platforms like Discord in the forex trading industry cannot be overstated. They serve as virtual trading floors where traders across the globe can connect, share insights, and foster relationships, driving forward the industry with collective intelligence and connectivity.
Despite the advantages, security concerns such as fraud, phishing, and data breaches remain prevalent. To address these issues, robust security protocols including identity verification, encrypted communications, and continuous monitoring of channels for suspicious activities are essential to protect the integrity of trading communications.
In conclusion, incorporating Discord into your business strategy, be it by starting your own dedicated channel or enabling logging into your trading platform with a Discord account, is not merely an enhancement—it is a transformational shift towards building a more connected and informed trading community. By harnessing the power of Discord, we aim to empower traders with the tools they need to succeed in the competitive forex market, creating an ecosystem where knowledge and speed drive superior trading outcomes.
The Future of Prop Trading for FX/CFD Brokers
Marketing Team
The forex trading landscape is ever-evolving, with Brokers continuously seeking innovative ways to diversify their offerings and attract a broader client base. One of the most promising avenues in recent times is the expansion into proprietary trading. This blog post explores the motivations behind this strategic shift, the benefits it offers to Forex Brokers and traders alike, and the potential future of prop trading within the FX/CFD industry.
Why are Forex Brokers tempted by Prop Trading?
Brokers are motivated to enter the prop trading industry primarily for diversification and growth. By incorporating proprietary trading, Brokers can diversify their revenue streams and mitigate risks associated with market fluctuations and client trading volumes. This model allows Brokers to leverage their existing infrastructure and market knowledge to engage a different type of market participant—those who excel in trading but lack the capital to execute large trades independently. The profitability in the prop trading model is more stable and predictable, as it largely depends on effective marketing strategies to build a customer base. This stability makes it an attractive option for Brokers looking to ensure consistent revenue.
What’s the potential of reaching new type of clients?
Prop trading offers significant advantages to both Brokers and their clients. It provides traders with an opportunity to trade with more capital than they might personally have access to, which is particularly appealing to skilled traders who lack sufficient capital to trade at scale independently. Additionally, prop trading can attract new traders looking to prove their trading skills, as the challenges and evaluations involved can be more motivating than traditional demo accounts. By offering both traditional and prop trading accounts, Brokers can convert clients within their own system, increasing client retention and engagement.
How Prop trading impacts trading platforms market?
The recent issues that forced Prop firms to move to alternative platforms demonstrated that they are, in fact, able to operate independently of traditional Forex Brokers. This shift had a significant impact on the market, increasing competitiveness and spurring the development of new solutions tailored to challenge-based trading.
The consensus among industry professionals is that prop trading represents the future of the forex industry. It appeals particularly to the new generation of traders who are looking for innovative and engaging ways to trade. As the only trading platform offering a solution dedicated to proprietary trading, Match-Trader is well-positioned to become a significant player in this space. Our platform integrates essential features for prop trading, such as performance tracking and challenge payments, ensuring a seamless and enhanced trading experience.
This statistic is based on information from the popular prop companies ranking site, PropFirmMatch, as of June 10, 2024.
Prop trading offers a promising avenue for Brokers to diversify their revenue streams, attract new and skilled traders, and stabilize their business operations. Despite the challenges posed by regulatory changes and platform shifts, the potential benefits make it a compelling strategy for forward-thinking Brokers. Match-Trader is committed to leading the way in this exciting field, providing a robust and user-friendly platform that meets the needs of modern prop traders.
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Marketing Team
