(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Oct 23, 2021, 08:49 /Comserve / -- The purpose of this article is to give you some valuable and hands-on pieces of advice on how to grow your broker business.
The points listed below are not a direct call to action, since it is up to every brokerage business owner to decide which trading platform features suit their operating model.
Nevertheless, there are certain time-tested instruments that help attract new traders and turn them into loyal users. The key takeaway here is that you will be responsible for creating a convenient, user-friendly, technologically advanced trading platform — and make sure to keep an eye on technical novelties and employ the latest solutions. It is not the simplest of tasks, but that's where we come in.
Improved liquidity
The aggregation process needs to be fast (as in, microseconds matter) and flexible. With an independent liquidity aggregator, you will:
- get total independence in choosing liquidity flows;
- direct more attention to other major issues, thanks to computerization;
- get the opportunity to save resources on liquidity providers' commissions, thanks to internal liquidity generation.
Naturally, if one wants to play as a market maker, one sets the liquidity aggregation scenario aside. But if you aim to become a notable Forex and/or crypto market success story, consider using a hybrid model. One such aggregator is TickTrader Liquidity Aggregator, specifically designed to connect and collect the best liquidity from an unlimited number of providers.
Always-improving investment method
The technology that allows less experienced investors to finance their currently more successful and skillful trade masters is a surefire way to draw in more customers. So if you:
- want to increase the yield your trading platform brings,
- grow the number of users of all levels of expertise,
consider connecting a PAMM module to your platform. TickTrader is ready to help: its PAMM module easily integrates with MT4 and MT5 platforms and has all the features to roll out an ambitious PAMM service.
Upgrade your Trading Room
Any trader needs an individual HQ to manage their trading: add and withdraw funds, monitor their activities, invest in a PAMM account, etc. By default, any good Trading Room must ensure that:
- the user's data and funds are well-protected;
- it is compatible with popular trading platforms;
- there are a plethora of payment systems for deposit and withdrawal (note that their number depends on where your business is based, as well as the regulators' requirements).
A good idea would be to enable a multi-tier referral program to stimulate user activity and generate additional benefits for your business and your traders.
With so many nuances, it does make sense to develop the Traders Room component in-house. But ordering a turnkey solution can save you time and money. Why not consider TickTrader Traders Room, since it works with more than 60 fiat payment systems and crypto payment solutions integrated with 13 blockchains?
Summing-up
As we have already said, every brokerage business owner decides for themselves which tools to use to build, grow and upgrade their business. If you are leaning towards custom components, the sky's the limit. But if you are looking for a quick, headache-free start, we'd suggest turning to a ready-made, white-label solution offered by a trustworthy and reputable vendor.
We hope that our recommendations have given you the right idea on how to grow your broker business and which trading platform features to integrate.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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