This forex Back Office works perfectly with our Trader’s Room and offers you the best combination. One of the most crucial factors to consider when selecting the finest CRM system is the simplicity of use. The loaded interface and many settings can make navigating the system challenging. On the other hand, the system must be simple for the broker because the difficulties brought on by a lousy CRM system can drain his energy, consume his time, and risk costing him clients. Currently, financial markets are experiencing unprecedented popularity due to the possibility to multiply capital by trading different financial instruments, including currency pairs, indices, commodities, CFD, and even crypto assets. As an integral part of any business related to making money in the markets, whether Forex or crypto, PSPs also use the FX back office system to serve their clients.
Match-Trade Technologies is a fully integrated forex and cryptocurrency technology provider and creator of the Match-Trader multi-asset trading platform. Match-Trade has operated globally since 2013, with offices in Cyprus, Poland, South Korea, Malaysia, India and the USA. Match-Trade Technologies provides technology & software development services for CFD Brokers. We work exclusively with registered companies and don’t provide financial, exchange, investment, or consulting services. Each CRM provider wants to increase revenue by marketing their product and providing various CRM features.
Usually, traders have many back office-related questions and here we assist in that. One of the standout features of My Back Office is its intuitive and easy-to-use interface. Novice traders often struggle with complicated platforms that are difficult to navigate. However, Novatech, Ltd has taken this into consideration and developed a platform that is user-friendly and accessible to all.
Monitoring and managing account balances will ensure that you can help clients who have questions about their balances. Choosing the right CRM solution is a great investment when starting a business aimed to eclipse the competition and bring in a great income. On the other hand, using a CRM system can not only help you better manage your existing customer base, but also to organize your brokerage business processes and even prompt you to create your own CRM solution. An incredibly wide variety of Forex CRM solutions are available today, designed to meet the needs of businesses at every stage of their journey. However, selecting the right CRM software is not always easy since various factors must be considered.
A system that adjusts to your unique operational needs can enhance efficiency and productivity. Partners and Introducing Brokers (IBs) play a significant role in client acquisition in the Forex industry. Therefore, an efficient partner and IB management system is vital to a Forex broker’s back-office system. This system enables the broker to track and manage the performance of its partners and IBs, calculate forex back-office software and pay out commissions, and provide necessary support and resources for their operations. The partner and IB management system should have features like performance tracking, commission calculation, multi-tier partnership management, and a dedicated partner portal. Trader’s Room specifically designed for
brokers and companies that need a multifunctional tool to manage massive
flows of funds from clients.
FX Meta Tech gives you full access to trading information such as consolidated customer balances, customer transactions, open trade, running trade, closed trade, etc. KYC (Know your clients), the form can be customized with any field & clients can upload verification documents. All major PSPs come pre-integrated to your system, which means your traders can use their favourite payment methods for deposits straight from the client portal, no matter where they are in the world. A sales manager or broker admin will receive a notification by email upon a sign-up.
You should be able to create a new client profile quickly and make updates to it without much hassle. The interface should make it easy for you to see details about clients’ experience levels, residency, and other information that can help you recommend the right products for them while remaining compliant with regulations and laws. Trade Soft is one of the leading technologies and service providers in the Forex brokerage industry. We became an influential force in the Forex market and maintained our position at the front line of brokerage technology. The back office is a service or technology that deals with the office’s administrative and logistic tasks enabling the front and the middle office to operate properly.
Servers and services are protected by restricted access
options and the edge networking method, and all data is stored in relational databases
without direct access to the Internet, with thorough verification of each user request. Our main aim at Dynamic Works is to make sure that each one of our customers have the system https://www.xcritical.in/ they have been dreaming about. Usually, Syntellicore covers 100% of what a Broker might need plus it offers a number of additional rich features and GUI parameterization capabilities. However there are cases where, mainly established Brokers, have existing procedures and logic that they wish to maintain and improve.
Customised IB dashboard with access to introduced clients, commissions, and marketing materials. Converters are special services that help to carry out the process of converting one currency to another. These services have gained popularity due to the development of Forex trading, as it became necessary to quickly determine what value a certain amount of one currency has in relation to another. Forex back office has become an indispensable tool for such organizations, because they have adopted part of the success of the popularity of Forex trading. In this article, we will examine in detail what Forex Back Office Software is, the structure of such a program, and its key features. You will also learn the cost of an average Forex Back Office solution and which companies use this solution as part of many Forex CRM platforms.
Our integrated Forex CRM ensures that your database is protected by industry-leading software solutions and through the use of anonymous accounts that allow users to connect to the relevant client profiles. We can also take care of any type of integration you need, including payment systems, digital asset processing services, investment services, etc. When your forex back office software connects to your trading platform with real-time monitoring, you’ll be able to open and close trades for clients.
With TickTrader Trader’s Room, you can build literally any report you may be required to provide,
whether you work under EU, UK or AUS regulation. The TickTrader Trader’s Room software package
is delivered with ready-to-use integrations with the most requested
trading platforms on the market – MetaTrader 4, MetaTrader 5, and
TickTrader Trading Platform. Know Your Client (KYC) rules help prevent money laundering and are the most common regulations put in place by governmental financial authorities. Your forex firm’s back office software needs to include a KYC module for enforcing compliance procedures. Look for software that lets you specify an expiration date so you know when new documentation is needed. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
- Functional Requirements – Begin with understanding your business’s specific needs.
- You now have the option to keep critical customer data in a secure environment and with a trusted vendor within your premises or on our highest security hosted environment.
- Security – Given the sensitive nature of the data handled by a back-office system, robust security features are non-negotiable.
Syntellicore Forex CRM gives you full access to trading information such as consolidated customer balances, customer transactions and risk indicators. The system is integrated with other Trading Platforms, such as Trade Socio, Trade Smarter and Brokeree. If your back office software integrates with your forex trading platform, you can have real-time monitoring of all accounts. You’ll be able to view real-time margin, P/L, and position sizes for all client orders.
While the user’s vision is not on the dashboard, push notifications to bring backend users to action important client-related pending tasks promptly, trimming down the wait time. The internal mail & ticketing system is set up by default for seamless communication. You need to consider your goals and objectives before deciding which one is right for you. Know exactly how much profit you made in the last 24 hours with automated revenue reports indicating earnings from all your data sources and platforms. There are tracking options allowing broker admin to monitor and assist in the sign-up process.