XMAM is a new solution for MT5 that lets traders to profit from a successful master’s trade in a new way — by buying master’s symbol. With the help of the solution your clients can follow successful traders’ strategies right from their MT5 terminal app.
How does XMAM Work?
- You identify traders who trade successfully and make them XMAM Masters.
- Masters open trade, XMAM tracks profits and losses and uses them on the server as the symbol price.
- Master’s symbol is a newly-created symbol that is shown to traders together with the rest of the instruments. The price for this symbol is the Master’s profit from his trades.
- Traders can evaluate the quality of a Master’s trading history by checking the Master’s symbol price chart in the trading terminal.
- In order to start following a Master’s strategy, a trader just opens a trade with the symbol that XMAM has tracked as profitable for the Master.
Advantages for Brokers
- Works well with your plugins, website, and mobile apps out of the box.
- Allows setting up differently for different White Labels.
- Makes money on customizable trading commissions.
- Engages traders with a unique solution.
- Lightweight. Does not overload your server. Cannot freeze it, unlike plugins.
Advantages for Traders
- Available from day one in their MetaTrader as a separate tradable security group.
- Simple to start investing: same charting, analysis, and trading experience, support for Expert Advisor trading.
- Flexible: a follower can close their trade at any time to stop following a Master’s strategy.
- Intuitive risk management: good old stop-losses, take-profits, and margin calls at trader’s disposal.
Support of XMAM
Installation can be performed by our support team to ensure smooth and trouble-free integration of the service. This is offered to our customers free of charge.
Along with XMAM, you get these paid support plan features for free:
– email, Telegram, and Skype support during business hours,
– emergency 24/7 support hotline,
– updates to ensure that all products work with the latest version of MetaTrader platform and Windows,
– developers devoted to finding solutions to your specific needs.
Example price for a single MT5 server:
Monthly fee – $349
Successful setup fee – $200 one-time
You pay successful setup fee in full only if you are completely satisfied with the work of your onboarding manager. Upon justifying what we did wrong during onboarding, you can pay the amount you find fitting.