Account groups are a way for you to set up what clients can trade and how much they’ll be charged for their trades, on a per security basis. MetaTrader 4 and many white label providers limit the number of account groups your brokerage can have. Learn how to get more account groups for your MT4/5 platform and have more flexible options.
The online nature of forex trading means many brokerage employees and partners work remotely on a regular basis. Whether your team is usually remote or they’re just remote during the COVID-19 pandemic, there are a few things they’ll need when they’re not in the office.
Online trading, working with inexperienced traders, and the global nature of the industry all make forex brokers’ work more complicated than that of other financial professionals. We’ve been in the FX industry for a long time, and we consistently hear about the same problems from forex brokers. This post covers the challenges forex brokers face and offers suggestions on how to solve them.
Choosing a custom forex broker solution If you’ve been successfully trading forex or working as an introducing broker for a while, you may be interested in starting your own forex trading business. Forex brokerages can be lucrative, and if you have experience with forex and connections in the community, you’re already off to a good start. Many companies offer advice on starting your own brokerage, and most of them present two options for doing so: starting a forex brokerage from scratch or buying a turnkey forex brokerage. If you start… read more →