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 →
What you need to know to succeed Many forex brokerages fail within the first few years of business. It’s often difficult for new brokers to find and keep enough clients to remain profitable. To recruit and retain clients, brokers need to operate with maximum efficiency and stellar customer service. There are many reasons that brokerages become inefficient or provide sub-par service. However, we continually hear about a few problems that make a big difference in a new forex broker’s failure. Here are the top 5 reasons we’ve seen brokerages fail.… read more →
