For forex brokers and other financial service providers, market research might include analyzing trading data to determine how often most investors execute a trade, using surveys to assess what tools traders use most often when making investment decisions, or interviewing traders about why they’ve left a trading firm in the past. Some market research is secondary, like this data we’ve presented before. In this blog, we’re focusing on how you can conduct primary market research, meaning you gather data and then draw conclusions based on it. Although you can hire… read more →
Deciding which forex trading platform your brokerage should offer? MT4 might be the most popular platform, but it might not be the best one for your firm. You need to consider your business needs. That said, there are a few pieces of advice we can offer.
How to Choose the Best PSP You must have a reliable payment service provider (PSP) for your forex brokerage. However, finding the best PSP for your FX firm isn’t always easy. What is a Payment Service Provider? PSPs allow you to accept credit card, debit card, and digital wallet (NETELLER, Skrill, etc.) payments in-person and online transactions. PSPs are sometimes called third-party aggregators because they combine all their clients into one merchant account. A merchant account is a bank account that releases payments to your business while waiting to get… read more →
How to get an FSCA license for your firm As forex regulations in Europe have tightened, many brokers have started moving their firms to countries outside the EU or setting up divisions of their brokerages in non-European countries. Although island nations in the Pacific and the Caribbean get a lot of attention when it comes to moving offshore, South Africa is quickly becoming a popular choice for both existing brokers and new brokers. The restrictions on leverage and bonuses have made it difficult for many firms to attract new clients.… 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 →