Ekaterina Nutriakova
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The MT4 bridge is a software product that:
- delivers liquidity or provides price feeds to the Metatrader 4 trading platform from a liquidity provider,
- sends trades from MT4 to the liquidity provider for execution.
Thus, the MT4 bridge allows MT4 STP brokers to operate.
In this post we will discuss how to choose the MT4 bridge that will fit your needs and provide a brief information about Takeprofit Liquidity Bridge.
5 Things to Consider When Choosing an MT4 Bridge
1. Performance and speed of the MT4 bridge
Every company on the market wants to provide its clients with the fastest possible trade execution and data feed. How can you check and measure it? Ask for a trial period and try the forex bridge yourself. It will only take a couple of days to run several tests. One way would be to use your stopwatch to find out the exact execution speed.
2. Technical support of Metatrader Bridge
The bridge is a keystone of your trading infrastructure, so your MT4 bridge solution provider must always be in touch. To explore its capabilities, you can find the reviews on third-party websites or on the website of the MT4 bridge forex solution provider itself. Also, you can google and ask its current clients – does it have the dedicated specialists who provide support? Are those people able to give clear answers to their clients’ arising questions in limited time? Is there an emergency line in case of urgent situations?
3. Supported number of liquidity providers
As a business, you do not want to tether yourself to a tool that doesn’t give you the freedom to grow or develop your business model. Let’s imagine that one day you would like to add some exotic crypto pairs to your client offering. So, you need to make sure that the bridging solution not only has a connection to liquidity providers who currently offer beneficial collaboration terms, but that it would also give you room to add new connections when you need to.
4. Aggregation features of Metatrader Bridge
MT4 bridges today offer more or less similar functionality. Still, it is best to never assume that the product will do everything you need it to do. Does it have the necessary aggregation types? Is there a GUI that is convenient to use? Arrange a brainstorming session with your colleagues, think through and write down all the ‘must-have’ and ‘good to have’ functions to try out during your trial period.
5. Pricing of Bridge in Forex
Last but not least, take your time to look into pricing plans and contract drafts to make sure there are no hidden charges. Learn about the setup fee and trading volume fee. Ask whether there is a minimum monthly fee. Find out how much it would cost to connect a new liquidity provider or exchange. Always check if there are any product bundles, special promos, or other goodies.
MT4 Bridge from Takeprofit Tech
Here at Takeprofit Tech the MT4 bridge functions as a server plugin also known as Kloshira. It works with both A- and B-book, offering to route client trades between them.
Our MT4 bridge supports all trade types and securities, including Forex, CFDs, indices, stocks, and crypto.
Our metatrader bridge supports 30 liquidity providers and 5 most popular crypto exchanges. Any other can be added for free.
Key Offerings of Takeprofit MT4 Bridge Forex
Risk management
The MT4 bridge forex from Takeprofit offers a variety of options that can help to complement a broker’s risk management. The ability to route orders, adjust exposure between different books and monitor potential issues, like incorrect group settings, in real time are just a few reasons risk teams prefer our solution.
Flexible rule settings
Our MT4 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 MT4 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.
White-label friendliness
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.
24/7 support
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.
Get a Demo of MT4 Bridge Right Now
Reviews
“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”.
Alpha Tradex
“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!”
FairFx
“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
— What is the MT4 bridge and how does it work?
— It is a type of software that connects a trading platform to a liquidity provider. The liquidity bridge typically uses an 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 forex 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.
