How Secure Forex Apps Protect User Data and Transactions
In Forex Trading, there is a large amount of trust involved. A trader has put actual money into an account and has given sensitive personal information, in addition to executing trades (with a large value) many times throughout the day. If a Forex App provides inadequate security to its users’ data or transactions just once, […]
Why Every Forex Broker Needs a Mobile App to Retain Traders
The forex market has undergone an impressive transformation in the past 10 years. From being primarily a desktop-based platform to having a strong preference for mobile trading, traders no longer want to wait for their trades to be executed or sent to them. Traders now want everything at their fingertips, and therefore they demand quicker […]
Android vs iOS Forex App: Which One Should Brokers Build First?
With mobile first becoming integral to Forex (FX), brokers have a critical first choice to make when developing apps for FX trading: Will you develop an Android app first or an iOS app first? The impacts of your decision affect the development cost of your app, as well as the time to get your app […]
Common Problems Forex Brokers Face Without a CRM System
While providing good trading conditions and a strong trading platform are key functions of running a Forex brokerage, most successful Forex brokers rely on having an organized, effective operation; accurate and timely financial statistics; and built-up trusting relationships with both their clients as well as other Forex brokerage businesses. Unfortunately, many of these successful Forex […]
Forex CRM Development – A User-Friendly & Search-Based Guide for Brokers
The Forex sector is a high-speed environment and it can be difficult to manage client information, compliance, processing, and partners without the help of some sort of tool. Most start-up brokerages, as well as some larger brokerage firms, manage their clients with spreadsheets, mass e-mails, and/or standard CRM’s. While these systems may work in the […]
How to Scale Your Forex Brokerage Using a Smart CRM System
Scaling a Forex brokerage means developing the most efficient and effective means to support your clients. Real growth happens when you have processes, systems, and staffing that can manage increased volume without introducing confusion or delays. While many brokers experience early success, the challenges associated with scaling operations become increasingly complex as they grow in […]
Forex CRM Explained for Beginners: Everything You Need to Know
A Forex CRM is an essential part of operating and managing a Forex brokerage. Before starting out as a new Forex broker, you will quickly realize that dealing with multiple sources of communication, compliance, payments, and partnerships can be very overwhelming. A Forex CRM was developed, in part, to simplify these processes for commissioned brokers […]
How Forex CRM Helps Brokers Manage Introducing Brokers (IBs)
IB’s are critical for brokers to acquire clients and increase profitability in a competitive industry. By connecting clients with brokers, IB’s advertise and receive commissions for referring people who trade on their account. As the IB network grows, it becomes increasingly difficult and slow to track information, calculate commissions, track IB performance, and keep everything […]
Why Manual Client Management Fails in Forex and How CRM Solves It
The foreign exchange market (“forex”) is an incredibly quick-paced and data-driven financial sector; forex brokers handle hundreds or even thousands of customers daily—including deposits, withdrawals, trades, compliance checks, and partnerships. As such, manual client management cannot be sustained over time. Many small to mid-sized and growing forex brokers are currently managing their clients through numerous […]
What Features Traders Expect in a Forex Trading Mobile App
Over the past few years, there has been a significant transition of the Forex Trading Industry from Desktop Trading Platforms to Mobile-First Trading Experiences. Nowadays, traders want to be able to monitor the markets, place trades, manage their risk and get insight all through their mobile devices. Due to this shift, it is very important […]