Bridge or forex bridge is a basic component for brokerages that are enabling their clients to trade at interbank rates directly via liquidity providers.
Brokers which send through orders to a liquidity provider or an electronic execution venue need a bridge to connect their trading platform to the interbank market.
Thus, forex bridge allows STP brokers to operate. In particular, it:
- delivers liquidity or provides price feeds from a liquidity provider to a trading platform ,
- sends trades from a trading platform to a liquidity provider for execution.
Things to Consider When Choosing a Forex Bridge
How fast is the bridge you consider?
All bridge providers aim to offer clients speedy trade execution and data feed. How can you evaluate it? Request a trial period and test the bridge personally. Five working days of testing on your demo server will suffice. Use a stopwatch to determine the exact execution speed.
Is the announced technical support of bridge good enough for you?
The MetaTrader bridge is a crucial component of your trading infrastructure, so it’s vital to stay connected with your MT5 / MT4 bridge provider. There are several ways you can explore its capabilities:
- through reviews on third-party websites,
- through reviews on the provider’s own website,
- reach out to their current clients for their feedback,
- apply to tech support during your free trial; this probably is the most effective way to understand the quality of the service.
As a MetaTrader bridge forms the basis of your business, find out whether your bridge forex solution provider has an emergency line for urgent situations.
How many liquidity providers does the bridge support?
As a business, you don’t want to be tied to a tool that doesn’t allow you the freedom to expand or adapt your business model. Consider the scenario where you want to offer exotic crypto pairs to your clients. It’s crucial to ensure that your bridge forex not only connects you to liquidity providers with favorable collaboration terms but also allows you to easily establish new connections when needed.
What aggregation features has the bridge?
Bridges now offer various functionalities, but it is vital not to assume that the product will meet all your requirements. Assess its aggregation types and check GUI. Collaborate with colleagues to brainstorm and compile a list of essential and desirable functions to explore during your trial period.
What is the price of the bridge?
Finally, thoroughly examine pricing plans and contract terms for any hidden charges. Familiarize yourself with:
- setup fee,
- trading volume fees; minimum monthly fees in particular
- cost of connecting a new liquidity provider.
Don’t forget to check for product bundles of your bridge provider, promotions, or other offerings.
Forex Bridge from Takeprofit Tech
The bridge from Takeprofit Tech functions as a server plugin. It works with both A- and B-book, offering to route client trades between them.
The bridge supports all trade types and securities, including Forex, CFDs, indices, stocks, and crypto.
The Takeprofit MT5 / MT4 Bridge supports 35 liquidity providers, including 5 most popular crypto exchanges. We will add any other liquidity provider per your request for free.
Key Offerings of Takeprofit MetaTrader Bridge Forex
The MT5/ MT4 bridge forex from Takeprofit Tech offers a variety of options that can help to complement a broker’s risk management. Below are just a few reasons why risk teams prefer our solution:
- the best bid/ask liquidity aggregation engine,
- the ability to adjust exposure between different books,
- monitoring potential issues, like incorrect group settings, in real time.
Flexible rule settings
Our bridge has a configuration program where you can set markups, slippage and delays. Your clients see the prices via a market watch, which already includes the markups.
Wide aggregation opportunities
The bridge supports the best bid and ask aggregation and offers complex hedging strategies through the use of multipliers and reverse trading.
As a beneficial part of its aggregation capability, the solution is compatible with FIX and non-FIX liquidity providers. Our devs team can add most of the providers to the bridge network.
If you are a white-label provider, then you can provide each of your white-label brokers with their own forex bridge, including an independent liquidity provider and symbol configuration.
During working hours we provide our clients with email and Telegram support, where the response time is 20 minutes. We also offer a 24/7 hotline, where the maximum response time is 7 minutes.
Order a Demo of Forex Bridge
Reviews on Takeprofit Forex Bridge
“We use Takeprofit Bridge and Swap Manager. Their key features – smoothness and connectivity without fail so far. Tech support which is provided in chats is very handy. However, a simpler way to understand how to operate the liquidity bridge would be great. As well as a multi language option, for example, Mandarin”.
“Your bridge is so fast and easy to handle that we felt the difference to other competitors immediately! Furthermore, we are deeply impressed about the professionalism of the entire Team. Thank you for the very good support and the very fair conditions that you offer!”
“We like everything about Takeprofit Bridge. The solution is easy to use and setting the rules using its GUI is a breeze.
We needed to create sub-liquidities (different margin accounts derived from a single bridge) and we appreciate the Takeprofit team got the whole idea. The documentation is great and the tech support is top-notch”.
Angel Dinarte, IT Director at Smart Broker Solutions
FAQ on MT5 / MT4 Bridges
How does forex bridge work?
Bridge typically uses an FIX API to connect to the liquidity provider’s system. Once connected, the bridge will send the orders to the liquidity provider and execute them on their behalf. Most liquidity providers require a minimum deposit in order to use their services. The deposit may be held in an account with the liquidity provider or in a separate account with the broker.
Which brokers do need bridge?
First of all, forex and CFD brokers who use multiple liquidity providers and operate using a straight-through processing (STP) or electronic communication network (ECN) model may require a forex bridge to ensure fast and reliable order execution. Second, brokers who offer trading services to institutional clients or high-volume traders may also require a bridge forex to access deep liquidity and offer better pricing. Additionally, brokers who want to expand their business globally and offer trading services in different regions may require a forex bridge to connect with local liquidity providers and offer localized pricing.
However, whether a broker needs a bridge forex or not depends on their business model, trading volume, and the level of access they require to liquidity. It’s important for brokers to assess their business needs and consider their options before deciding whether to implement a bridge forex or not.
What is FIX?
FIX (Financial Information Exchange) is an industry-driven messaging standard for the electronic exchange of information related to trading in the global financial markets. The FIX protocol has become the de facto standard for pre-trade and trade communications in the equity, FX, fixed income, and derivatives markets. The FIX protocol’s open architecture enables firms to rapidly develop applications that can be easily integrated with each other and with existing systems. This has resulted in a wide range of FIX-based products and services being available from a variety of vendors. FIX provides a consistent messaging format that promotes interoperability between different systems and allows firms to leverage existing investments in technology. In addition, it helps to reduce the costs associated with developing and maintaining bespoke interfaces between different systems.
What is an API?
An Application Programming Interface (API) is a set of programming instructions that allow software to interact with other software. It is often used to allow third-party developers to create tools and applications that work with a given piece of software. For example, the Google Maps API allows developers to create map-based applications that can be used on websites and mobile devices.
The FIX API is a specific API used in the financial industry. It allows different financial institutions to securely exchange financial data. For example, a bank might use the FIX API to send information about an impending transaction to an investment firm. The firm can then use this information to make decisions about how to best execute the trade. APIs provide a way for different applications to communicate with each other and share data.
How does Takeprofit’s software use FIX API’s?
The software uses FIX API’s to connect to liquidity providers and execute trades on behalf of clients; receive quotes from liquidity providers and route orders to the appropriate provider. Takeprofit also uses FIX API’s to manage client accounts and track position information.