CURRENTDESK is excited to announce it integration with SumSub, a leading auto KYC provider. To get started just register with SumSub and enter the SumSub credentials in your CurrentBusiness portal. For more info please read the auto KYC article in the support portal. Get more users at less cost Once a client registers they can complete on-boarding and make that first deposit in under 3 minutes. The process is simple, the client registers and then logs into their portal. They immediately get prompted to undergo auto KYC, at which point… read more →
For forex brokers, partnerships with Introducing Brokers (IBs) or Futures Commission Merchants (FCMs) can be an essential aspect of their business. As we’ve written previously, IBs are extremely helpful for recruiting and supporting traders, and the rapport they build with clients directly impacts trading activity and retention for the broker they’re working with. What IBs need from their broker An IB is usually an individual who operates like a freelancer or contractor making a commission off their clients’ trading activity. Licensing requirements for IBs vary by jurisdiction, but they can… read more →
Whether you manage your marketing inhouse, or you work with a third party marketing firm, email marketing is a strategy you should include in your marketing plans. There is a lot of content expanding on the “why” businesses should be using email marketing, especially if they have a Forex CRM, so assuming that you do have one, and perhaps even have some target audiences in mind, let’s focus on what to actually send in those emails to help you convert more leads into traders. For this post, we’ll cover 3… read more →
Strong multi-account manager (MAM) tools are important for your brokerage, as they are an attractive way to onboard money managers into your business and boost your trade volume. Many traders like managed account programs because they want some or all of their investment to be managed by a professional forex asset manager. Some clients are also attracted to these programs because they can invest funds in multiple programs with different trading strategies in order to minimize their risk. So, to take advantage of a trader’s interest in managed accounts and… read more →
If your brokerage offers contract-for-difference (CFD) trading, then you will need to issue debits and credits for dividend payouts. As the CFD market has become more popular, we’ve seen many brokers try to pay and charge dividends in the same way that they pay and charge swaps. But it’s important to have a special tool to handle dividends and not bundle them up with other costs such as swaps, because swaps and dividends aren’t the same. If you treat them the same way, you can experience several problems. Instead, you… read more →
