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 The good news is that you don’t need to find or create all of these things by yourself. Some businesses provide each one of these separately, and you can choose from those businesses to get the best price and service for your investment firm.
In the last several years, forex brokers have experienced difficulty when trying to open bank accounts and merchant accounts for their businesses at Tier 1 institutions. Banks in countries with a strenuous regulatory environment turn away forex brokers as clients. There are a few options for holding your firm’s funds if you cannot get a corporate bank account for your forex brokerage. This post covers the pros and cons of a few of those options.