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What Forex Brokerages Should Look For in a Forex Trading Platform

An ideal trading platform is crucial to the success of your forex brokerage. In this ultimate guide, discover the essential ingredients to choosing the right trading platform for your brokerage.<br><br>

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What Forex Brokerages Should Look For in a Forex Trading Platform

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  1. A software that enables trading - such as opening, closing, and managing market positions through a forex brokerage. They may be specific to certain instruments or markets such as stocks, currencies, options, futures. What is a forex trading platform?

  2. Trading platforms such as MT4/MT5 are offered at a monthly subscription fee. However, some Fx trading platforms, especially the new ones in the market are offered for free in exchange for commissions on the volume of trades. How are they offered?

  3. Traders across the globe use a wide variety of trading platforms depending on their trading style and volume. However, MT4/MT5 by MetaQuotes is the most popular among traders because it’s user-friendly, comprehensive and flexible. Also, there are no trading volume quotas to meet. What is the most popular choice among traders?

  4. HOW DO YOU PICK THE RIGHT TRADING PLATFORM FOR YOUR FOREX BROKERAGE? Here’s a quick checklist to guide you.

  5. Feature 1 White-labeling & Customisation • A white-labeled forex trading software boosts the visibility of your fx brokerage, strengthening the loyalty of your existing clients • Simply subscribe to a product that has been developed by a company and market it as your own. It gives you a ready-made solution effortlessly, without the hassle of spending a ton of money and time • Look for a forex technology provider that doesn’t just offer white-labeled forex solutions, but is also able to customize as per your business needs

  6. Feature 2 Reliability • Every customer of yours may have a unique style of trading. Some may prefer using a desktop-based trading platform, while some may choose a web trader or even a mobile trader • Irrespective of where the trading platform is hosted, the stability and reliability of the platform is of utmost importance • With professional traders who make large, frequent trades this can be a deciding factor, as they’re always looking for a platform that never or seldom crashes

  7. Feature 3 User Experience & Flawless Trading • Note that your future customers will interact with these trading platforms, a lot more than they’d with your brokerage or your website. Therefore, the user experience will decide how long they’ll stay with you • A trading platform, whether desktop, mobile or web that allows for placing an order or closing a trade immediately in one single click is an ideal one. Not to mention, the swift opening of several graphs in a single click • In addition to this, offering several charting & analysis tools, management of stop-loss & the ability to access and apply with ease is critical

  8. Feature 4 Support & Updates • While choosing a forex technology provider it is important to choose one where support is included free of cost • A technology partner who offers forex turnkey solutions should be able to help you with questions or issues whenever you face any • Additionally, a partner with a strong tech team like Sanfrix, can rectify issues and can also deploy any new software updates immediately

  9. Feature 5 Platform Availability & Accessibility • In this day and age, you must offer your clients the flexibility to trade from anywhere at any time • Therefore, trading platforms must be accessible across devices such as web, mobile, and tablets • This isn’t just a flexibility feature for your customers, but also an advantage to the 0verall growth and profit of your forex brokerage business.

  10. Feature 6 API-as-a-Service • We cannot stress the importance of partnering with a provider that doesn’t just offer full customizable trading platforms but also has immense API capabilities • The veterans in the technology team at Sanfrix have catered to numerous clients with their API needs as far as forex technology is concerned • Any external plugins, custom development, and APIs can be flawlessly integrated into any of your existing systems whilst making sure the communication with the trading platforms are intact

  11. Feature 7 Variety Of Assets • An ideal forex technology provider will offer a wide array of instruments such as major and minor currency pairs, cryptocurrencies, index, stocks, forex, energies, metals, commodities, and futures

  12. Feature 8 Trading Simulation & Demo Capabilities • Many traders like to test their trade strategies ahead of time to ensure they’re working without losing actual money • A good fx technology provider should be able to offer simulations and demo capabilities to hypothetically test trades • On the other hand, a feature like this acts as a practice space for amateur traders

  13. Feature 9 Tools & Charting Capability • Charting capability is one of the most essential features of a trading platform. Several forex traders rely on the charting to visually examine the movements of prices on charts • Also, another important feature to look for is if your provider allows a trade to be placed directly from the chart • Furthermore, traders use technical analysis methods to forecast pricing. Tools such as Fibonacci retracing, Gann signals, and more help in such an analysis.

  14. Feature 10 Costs and pricing models • Finally, the cost and pricing models play an important role in decision making • A technology provider such as Sanfrix charges a flat subscription fee and does not charge you based on trading volumes • This feature should be your primary concern when looking at pricing options as this can eat into your profits

  15. We at Sanfrix understand that start-up costs can be overwhelming! We can work out a pricing plan that works best for your business type, ensuring you’re only paying based on your usage.

  16. Here’s how Sanfrix can help you on this journey...

  17. Sanfrix offers MT4/MT5 Whitelabel Solutions Web Trader Mobile Trader (Android & iOS) Tablet Trader (Android & iOS) In addition to this, we Liquidity, Forex CRM , Client Cabinet, Social Trader, Risk Manager, MAM and more...

  18. Sturdy CRM customised for Forex brokerages with unified communications, KYC, customer journeys, insightful reporting and more. COMPANY INCORPORATION Sanfrix has initiated several exchanges and brokerages from various jurisdictions and can help you too, making the entire set up hassle-free. TECHNOLOGY We offer advanced trading platforms, payment integration services and all the technology you need at an affordable cost. LIQUIDITY We offer deep liquidity with customised pricing and execution analytics to make sure all your liquidity needs are met. CRM & BACK-OFFICE STRATEGIC PARTNERSHIP Continued strategic partnership, free consultation support and 24/6 customer support from our Chief Success Officer.

  19. Sanfrix can help you with all your forex needs and has helped several forex brokerages double their profits by simply implementing the right tools. Question is… Will yours be one of them? Contact Us +65 9860 7215 sales.sanfrix sales@sanfrix.com t.me/sanfrixltd

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