Do forex traders care about spread costs? The cost of complying with regulations or moving off-shore continue to shrink profit margins for retail forex brokers. Spread markups are one of the ways that your firm may make a profit from offering services to traders. Low spread markups may be a way to attract new clients, but reducing spreads also reduces your profits. We’ve looked at research on forex traders in several recent posts, and in this week’s post we’re sharing info about how aware traders are of the costs of… read more →
What you need to scale your FX brokerage To continue to increase your profits, you need to grow your forex brokerage. Because financial markets and regulations change quickly, brokerage growth can be unpredictable. You need to be ready to move into new markets and take on additional clients quickly, and having a scalable forex brokerage means you’ll be ready to grow when new opportunities present themselves. So what do you need to be scalable? The right tools. There are four features to look for when choosing software for your FX… read more →