What are Forex Broker Solutions / FX Brokerage Solutions?
Forex broker solutions refer to services and software that are designed to support forex brokers in their day-to-day operations. Forex broker solutions are intended to help brokers be more efficient, providing better service to their clients and growing their businesses.
Forex brokerage solutions can include software platforms that help brokers manage their clients’ accounts, research and analyze market data, execute trades, and provide other services to their clients. These solutions can also include training and education programs for brokers to help them stay up-to-date with industry trends and regulations. Additionally, forex broker solutions may include marketing and sales support, such as lead generation tools and customized marketing materials. These tools can help brokers build their businesses and attract new clients.
Let’s observe the types of forex broker solutions and see the differences between custom and ready-made broker solutions.
Types and Prices for Forex Brokerage Solutions
There are various types of forex brokerage solutions available on the market, and they can be broadly categorized into the following types:
- Trading platforms: these are solutions that provide brokers with a single interface for executing trades across different markets, such as stocks, bonds, currencies, and commodities. The most popular are Metatrader 4 and Metatrader 5, cTrader. There are also plenty of custom trading platforms on the market.
- Risk management forex brokerage solutions: these are the solutions that help brokers manage and mitigate risks associated with their trading activities, such as credit risk, market risk, and operational risk. Essential risk management forex broker solutions include:
- Liquidity Aggregation Hub is a basic risk management forex broker solution that manages liquidity providers’ pool, aggregation logic and execution conditions. The monthly fee starts at $1,499.
- Dynamic Leverage is another basic risk management forex brokerage solution that allows brokers to set a custom leverage for any trading account based on its exposure or open position volume according to a time table. The price starts at $399/month.
- Risk Management Panel automatically executes traders’ deals and assists in eliminating risks arising from B-book execution of trades. The start price is $899/month.
- Real Margin Stopout: when anyone’s account equity is less than their credit, the tool will deduct all credit from the account. Such an account will be stopped by Metatrader. The monthly fee for the tools starts at $199.
- Back-office systems: these are broker solutions that help brokers manage their operations, data monitoring and reporting. Nice examples of a back-office forex broker solution are:
- Broker Dashboard is an informative solution that generates real-time reports on business performance, like number of new accounts, deposits, withdrawals, executed trades, etc. Its price starts at $249/month.
- Inactive Accounts Cleaner checks inactive accounts on the server and assists in deleting them. The pricing for this forex broker solution starts at $199/month.
- Database Сompression is used to reduce the file size of MT4 server databases and prevent the server from freezing. The service’s price starts at $499.
- CRM systems: these are customer relationship management systems that help brokers manage their relationships with clients, track client information, and automate communication.
- Marketing and lead generation broker solutions: these are tools that help brokers reach out to potential clients and generate leads, such as performance marketing and bonus management. Here are some examples of such forex brokerage solutions:
- Bonus Cashback allows a trader to receive a cashback based on the size of his trade. The price for this forex broker solution starts at $249/month.
- Bonus Deposit creates credit operations every time the account balance is deposited. Its cost starts at $199/month.
- Cross-server CopyTrader lets newbie traders and those who don’t want to put too much effort into trading to automatically copy trades of professional traders. A broker will need to pay a $9,950 one-time fee for this broker solution.
- Research and analysis forex broker solutions: these are forex brokerage solutions that help brokers’ clients gather market data, perform technical and fundamental analysis, and generate trading ideas. For example, Website Price Feed widget that displays quotes on a broker’s website in real-time and costs $299/month and up.
Overall, the specific types of forex broker solutions that brokers use will depend on their business needs, trading strategies, and client base.
Popular Broker Solutions from Takeprofit Tech
Here is the list of the most in-demand ready-made broker solutions developed by our team. You are welcome to pick broker solutions according to your business goals.
Liquidity Aggregation
Takeprofit Liquidity Hub — an order management system for liquidity aggregation, regulation of streams and risk management
EasyMAM — Easy Multi Account Manager
Simultaneously distributes trades on 20,000 investors;
Provides hide-open-trades option
Takeprofit Liquidity Bridge (Kloshira)
Allows routing customers’ trades between A-book and B-book without server restart using a simple user interface
B-book Trade Processor (Ashira)
Offers Excel-like table to set up different trading conditions for different traders;
Managers markups for symbols according to a timetable
Dynamic Leverage with schedule
Provides unlimited number of custom rules based on exposure and open position volume
Anti-Fake Account
Identifies which accounts are using the same IP to prevent them from abusing broker’s platform
Bonus Cashback
Metatrader plugin that allows to launch promotion for its clients. After each closed trade, a client receives a cashback based on the size of the trade
Broker Dashboard
Generates real-time reports on brokerage performance statitics: profit, number of new accounts, deposits, withdrawals, executed trades, cancelled trades, execution time
Daily StopOut
Closes open positions of the trader and restrict the ability to trade when specified conditions are met
Equity Stopout
Closes all open positions if the equity level reaches a value specified in the plugin settings, mitigating monetary losses for traders
KYC Locker
Prevents accounts from creating new positions if their equity reaches the specified level at the end of the day
Max Position Exposure
Sets limits for traders’ open positions and prevents them from exceeding these limits
Minimum Trading Commission
Sets the minimum trading commission for different levels – groups, securities, symbols
Negative Balance Protection
Allows to comply with the European Securities and Markets Authority regulations by preventing the situations when the trader’s balance drops below zero
PAMM for MT4 and MT5
Allows traders to attach money to a specific trader managing one or more accounts
Quote Monitoring tool
Checks the log files of MT4 trading platform and Liquidity Bridge and monitors pricing and performance issues
Quote Watcher
Stops trades for selected symbols if quotes are not updating
Real Margin Stopout
Deducts сredit on MT4 accounts when the client has no funds remaining
Risk Profiling
Lets broker identify toxic trades among clients
Swap Blocker
Blocks swap charges for specified trade accounts, if these accounts do not meet the conditions set by the broker
Swap Manager
Allows convenient configuration and automatic import of swaps from a .csv file
Swap Free
Blocks swap charges and replaces them by balance operations with the same amount of money as a swap fee
XMAM — X Multi Account Manager
Lets traders follow successful traders’ strategies without copying their trades
Get a two-week free trial of any of our forex broker solutions.
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of our forex broker solutions.
Custom or Ready-made Forex Brokerage Solutions?
Custom fx brokerage solutions and ready-made broker solutions are two different approaches to providing broker solutions to clients. Here’s an explanation.
Ready-made broker solutions
These solutions are ready-made solutions that are designed to be quickly and easily implemented by brokers. Off-the-shelf broker solutions can be easily customized to meet a broker's specific needs. Ready-made broker solutions are generally less expensive and faster to implement than custom solutions, but they may not offer the same level of customization or flexibility.
Custom broker solutions
These solutions are tailored to the specific needs of individual brokers. Such solutions typically involve working with a software development team to build a solution from scratch in order to meet the specific requirements of a broker's business. Custom solutions often take longer to build and are always more expensive, but they can offer more flexibility and be more closely aligned with a broker's unique needs. Check the examples and pricing for custom solutions.
Overall, the choice between custom and ready-made broker solutions will depend on a broker’s business needs, budget, and timeline. Some businesses may opt for a custom solution to ensure that their specific needs are met, while others may prefer the convenience and affordability of a turnkey broker solution.
Broker Solutions: Final Words
In conclusion, broker solutions play a crucial role in the financial industry, providing individuals and businesses with expert guidance and support in navigating complex markets.
By leveraging their expertise and market insights, brokers empower their clients to make informed decisions, minimize risks, and optimize their financial outcomes. With the rapid advancements in technology, broker solutions are evolving to incorporate innovative tools and platforms that enhance accessibility, transparency, and efficiency in the trading process. As the financial landscape continues to evolve, fx brokerage solutions will remain indispensable in helping clients achieve their financial objectives and navigate the complexities of the global markets.
