What to look for in forex back office software solutions Back office forex software needs to make it easier for you to run your brokerage. That means it should increase productivity and streamline complex processes. Forex software providers will all tell you that they have everything you need. Before you sign-up for their services, you need to make sure they’re really offering comprehensive back-office functionality. Modern Forex back office software should have these 12 features: Client profile management Client financial account management Partner and IB management User access management Reporting… read more →
With the world pandemic keeping Forex brokerages on lockdown, here’s how you can hire the best remote Forex employees for your brokerage.
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.