In 2005, MetaQuotes first released the MetaTrader 4 (MT4) platform, which specialized in Forex trading. The interface is designed to make trading easier, but at the same time provides various tools for professional traders: flexible orders, various chart and timeframe settings, analytical tools and news to track dynamics, position management, development of automated trading systems, and many other important options that make forex trading a lot easier.
MetaTrader 5 looks almost the same as MT4, has very similar functions , but is designed for trading on the stock market and has some advanced tools. In addition to currencies, the new platform allows customers to trade any other asset: stocks, bonds, oil, gold, etc. MetaTrader 5 supports CFDs, futures and options.
This is a slightly improved platform – MT5 offers the community of traders advanced options for executing orders and a lot of order types, such as Limit and Sell Stop, depth of market display, backtesting automated trading algorithms, and economic calendar for market analysis, and more trading indicators built directly into the platform interface.
Yes, the good news for the people who love it is that Metaquotes will continue supporting MT4 in its current state and will maintain technical support and security updates.
This is the main difference between the two platforms. When comparing, consider not only the set of financial instruments but also other parameters that are suitable for you. For example, MT5 contains an economic calendar that allows you to track financial events and supports pending orders, including Limit and Sell Stop, Buy Limit, and Stop Limit, Buy Stop and Sell Stop Limit.
Netting. MT5 supports a system that allows you to have only one open position at a time for one financial instrument, while there are no such restrictions for the second platform. So, new open orders for one financial instrument are combined into one position and averaged.
The number of financial instruments. In MetaTrader 5, there is not only a wider selection of financial instruments but also more trading indicators, scripts and expert advisors. It has 21 timeframes, and MT4 has 9 only.
The number of time frames. Expanded selection of time frames allows traders and investors to track market dynamics more precisely.
Depth of market. MT5, unlike MT4, reflects the depth of the market and expands the opportunities for hedging assets.
Economic calendar. In MetaTrader 5, comprehensive information on the stock market is published, including quote prices, events, company data, and much more. For example, international reports on various indices and other events on the economic calendar are published every day.
Programming languages. Metatrader 4 uses MQL4 and Metatrader 5 uses MQL5. Scripts and indicators written in MQL4 will be incompatible with MT5 and vice versa.
Email. Both versions of the program have a chat for traders and a mail service, but MT5 has the ability to attach files when sending emails.
MT5 also has an option to partially fill an order when a trade is executed with the maximum lot volume currently available for trading on the market, and you can also set additional execution conditions for the order. The MT4 platform only supports Fill or Kill orders. This means that the order can be only cancelled or fully performed.
They are safe, using data encryption and extended authentication to protect client information from hackers. But you should keep in mind that it’s impossible to guarantee the security of any online platform. Also, trading by its very nature is risky, so do not risk more than you can afford to lose.
It is a ready-made solution that enables you to start a Forex or crypto brokerage quickly.
White label solution is provided unbranded to a reseller or a service provider, who adds its own branding and sells access to the platform.
It can save you money, time, and it doesn’t require any expertise as it includes everything needed to start a Forex or cryptocurrency company. There is no need to buy a server license, find hosting servers, organize or maintain the server structure. Everything is already prepared and included in a White Label solution.
You are paying an annual or monthly subscription to use the product, brand the product, and resell the product as your own.
VPS stands for Virtual Private Server. It is hosting that virtually mimics dedicated server environments within a shared server.
It is one of the most popular hosting services you can integrate into your platform. It uses virtualization technology to supply you with dedicated (private) resources on a server with a wide range of participants.
Yes, you can. It is possible to do it on your own, but it consumes a lot of time and money. However, there is a cheaper way. It is possible to rent one or more servers from an existing hosting provider, set up a control panel to resell VPS from, and then sell them to consumers.
This will allow you to significantly cut expenses and launch your platform with a modest investment.
In order to succeed, you have to find a company that has low prices, positive feedback and has trustworthy services at the same time. Pick up a firm right here.
Free VPS hosting does exist. However, it is not as effective as paid variants.
In fact, there are no companies that offer a totally free VPS. You have a chance to deal with tools as well as additional services that you have to purchase.
A liquidity provider (LP) is such an institution that builds a market for a particular asset, giving the ability for firms to exchange their resources easily.
In this manner, a liquidity provider, in essence, creates a new demand and supply network for a particular commodity or asset class within which the provider operates.
These providers ensure that the market remains stable regarding a particular commodity, resource, or asset by determining and brokering fixed rates of exchange based on market evaluation of demand and supply and precedents based on market predictions.
Market Maker broker or B-book takes the other side of their customer’s trades and does not pass the orders to LP. In fact, some Market Makers also gain commissions by providing liquidity themselves to their clients’ companies.
What this means is that Forex traders are trading against the broker, and any profits made by the trader equate to a loss incurred by the Forex brokerage. The brokerage’s potential to make a profit is high, so many companies pick up this type.
Nevertheless, brokerages set up as B-book dealers bring high costs. These include setting up trading desks and algorithmic trading, which automatically take the other side of the customer’s trades. These costs must be held from the profits.
Liquidity providers, or A-book, is an easier method to set up a brokerage, and as the broker is just the intermediary, it allows the trader to access the interbank market by sending the orders to liquidity providers.
The best bid-ask spread prevails and will be transmitted to the customers. This type is also known as A-book processing or Straight Through Processing (STP), whereby the broker earns a fee based on the volume its clients generate.
A hybrid model is also available within the industry. You can check out its trading conditions to identify the company and its type.
- You should decide for yourself: do you want to be a Market maker or a liquidity provider?
- Get a license that will let you work with users legally.
If you plan to spend time more effectively, you can find a LP firm on Finarm.com. So, they can do all of the hard work for you.
Anti-Money Laundering (AML) is a set of rules and manipulations integrated by companies and governments to identify and struggle with illicit financial flows and terrorism financing.
Since financial platforms provide services related to operating money, they are mandated by AML regulations to verify consumers before offering their services. These are necessary steps to make sure that companies are doing business according to applicable laws.
Know Your Customer is also known as KYC. It is the regulatory method to identify consumers, watch their transfers, find risks quickly, and avoid illicit activities.
KYC measures are the significant parts of an anti-money laundering policy (AML).
A company can confirm a customer’s identity by checking his or her personal data and transfers. And only then he or she will be allowed to access a website. With the use of KYC policies, financial businesses have a chance to learn more details about consumers.
Yes, they must carry out and follow a long list of rules. Among the most important requirements are collecting personal data, identifying and verifying consumers.
These top-notch AML checks harmonize identity verification and anti-fraud efforts across all crypto websites. So, companies will be able to prevent illicit activities like illegal financial flows and terrorism financing. They will be more reliable, credible sources that customers can trust.
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It is the basis of any brokerage company. It is an outstanding solution that allows you to create new trading accounts, access existing ones, deposit or withdraw funds, download the latest trading software and much more.
So, you and your clients will have access to thousands of features, from registering new accounts to electronic deposits and managing trading platform workflows.
A Traders’ Room is a web interface that a retail FX client can access upon opening an account, it is in addition to their actual platform login.
CRM is a form of marketing technology used for tracking, monitoring, and the overall management of all external and internal interactions with both existing clients and prospective clients.
Customer relationship management stands for CRM. It is a technology for managing all your company’s relationships and interactions with customers and potential customers. A CRM system helps companies stay connected to customers, simplify processes, and boost their performance.
The short answer is – yes, but if you want your brokerage to be competitive, you need to have some type of management solution. When you choose a CRM, you are choosing more than a place to keep your contacts. Using a robust system, you will be able to service clients at the level they expect while supporting your agents to be as productive as possible. Whether you choose a basic CRM or something more sophisticated is up to you, but it’s something a modern brokerage can’t be without.
Everything that your consumers do and every interaction that they have with your firm needs to be recognized, documented, and recorded.
CRM makes it possible for any employee to provide the same high level of service by having access to the whole data of all users.
This system improves your support system. With CRM, as soon as a customer contacts your firm, your representatives will be able to retrieve all accessible activities that might assist them in finding a solution.
Greater efficiency for multiple teams.
Routine tasks are automated.
Improved analytical data and reporting tools are available.
Payment solutions make it possible for you to receive money from your users. Without the proper setup, you won’t be able to process a user’s bank card or bank account information to accomplish their transfers.
The process of integrating a payment gateway may seem complicated, but it is really crucial. These gateways unite your platform and their payment processing bank, giving an ability to share financial details securely. All detailed instructions can be found in the “Help Center” section of the payment provider. So, you will be able to customize your button, payment methods and even integrate it into mobile apps.
If you plan to spend time more effectively, you can find a provider on Finarm.com. So, they can do all of the hard work for you and implement a payment tool into your financial platform.
Find the best solution. It is possible to open a business account at the same bank you use for your individual purposes. Keep in mind that there is a wide range of accessible rates, fees, and options. So you should do research in advance and make sure you find the lowest commissions and the best benefits.
Prepare all papers required. The docs you will need may vary between financial companies, and you can check the list on the website of your bank.
If you plan to spend time more effectively, you can find a banking provider. So, they can do all of the hard work for you.
The good news is that, in some countries, like Lithuania, Poland and Bulgaria, you can easily open a bank account without being a resident. The major advantage of this approach is that you can open an account wherever you are and receive funds into a local bank account even if you are not resident in that country.
With our professional assistance, the goal is quite achievable. Just contact us, and we will find a solution according to your business needs.
Copy trading is a type of trading, where one trader’s positions are copied by another trader’s account when they are opened or closed. This can be either automatic or manual. It’s up to an individual to decide how they would like to approach copy trading.
Yes, it is completely legal. It is also important to know that online trading brokerages must have licenses that are regulated by your government or a major European country. So, they can legally offer copy trading services for their clients.
It is up to you, but you should keep in mind that copy trading is one of the most appealing passive income options for your potential audience.
So, if you want to integrate it into your platform, you need to find a provider. Check out the list of copy trading providers right here.
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It is the procedure needed for crypto and Forex companies to spot, evaluate and control dangers to a company, its funds and data. These problems could occur from different sources. Among them are financial ambiguity, legal obligations, and management processes.
Automated systems allow firms to evaluate critical events more thoroughly and reduce exposure to enterprise and operational threats, improving quality and reducing losses through tightening measures to control money and info.
All solutions accessible within this industry have the same range of services, and they combine the risk recognition process and its analysis, risk assessment and evaluation system, threat mitigation and monitoring solutions. And last but not least, the support system. So, you have the ability to consult at each point of this procedure.
It includes the broadest range of software solutions to ensure first-rate services both for Forex and cryptocurrency companies. Among the most widespread services are building strong and secure websites and mobile apps and also integrating smart contracts, payment gateways, and personal accounts.
Yes, you can have a platform with a wide range of services. You can make it by yourself or find a company from a log list on Finarm.com. Pick up the most suitable software development firm. So, you will be able to save time and money.
It is software that can analyze market transactions and activities, estimate the risk associated with the trading process, and ultimately facilitate users with executing and taking market positions under control.
Yes, you can create an e-trading solution with a seamless user interface and quite extensive functionality. It is possible to do it on your own, but it consumes a lot of time and money. However, there is one more solution. It is possible to hire a company from a list of providers, accessible on Finarm.com. So, they can do all of the hard work for you.
MetaTrader 4 and MT 5;
There are no laws governing who can and cannot trade both in crypto and Forex markets for business purposes. You will need proper licensing, however, if you want to become a broker or market-maker as well as offer trading services for your clients legally.
It is also crucial to know that online trading brokerages must have licenses which are regulated by your government or a major European country.
Yes, you can. If you need help regarding building a brokerage company, you can reach out to Finarm.com. Here you can find a company that can do all of the hard work for you, and help with launching your business.
Obtaining a brokerage license typically takes 2-4 weeks depending on government processing times and your speed in providing the legally required, yet simple, due diligence.
The onshore market, as well as companies, are regulated and monitored by market regulators like RBI and SEBI.
Offshore brokers are unregulated. They allow you to open investment accounts outside of your original country’s jurisdiction quickly and at minimum cost. They are not just limited to a few countries and banks in the Caribbean but can operate in any country in the world that gives an opportunity for non-residents to open a brokerage within these countries.
On the domestic side, there is little to stop you from opening offshore accounts. It is quite risky. But still, there are many benefits and reasons why you should try an offshore brokerage account. Basically, a brokerage account is the bank account specifying for the purpose of investment and securities exchanges.
However, the major benefit is that this kind of banking will provide you with a high-security level and the ability for diversification. Opening an offshore bank account in some other country is the most effective way to achieve zero level risk by diversifying your assets. It is a good chance to avoid problems like bank collapse, financial crash, inflation, currency manipulations.
Broker Set Up
Define your target audience and do research.
Ensure you have sufficient capital.
Connect with a reputable liquidity provider to offer your clients leverage.
Partner with a payment processor to allow you to outstand your rivals, as well as to have different deposit and withdrawal solutions to make it user-friendly and comfortable to utilize by your customers.
Set up your Brokerage Operations. This step includes forex broker website design, deciding what trading platform you will use and what additional services you want to integrate.
Test the platform and roll it out. You should have enough time to test your product, payment processing systems, mobile app, and other technical aspects by your loyal customers or IT experts. You should test it in advance. This will enable you to pick up on and deal with any bugs and problems before launching.
Everything depends on your goals and the sum you are ready to invest. If you want to calculate the sum needed to invest in building a trading business, just drop us a line for more details.
Yes, you can! You just need to visit Finarm.com, and find a company that will help with setting up and launching a business.
It is a comprehensive website that is used by a huge number of customers and financial organizations globally. Finarm.com has no analogues now, and it is suitable for brokerage businesses as well as providers. It is the best solution to show your services as well as to pick a company promptly and easily for a cryptocurrency or Forex brokerage firm.
The site makes the partnership between customers and businesses an easy procedure.
The site offers a listing with a great variety of providers with full descriptions and testimonials from their customers. Among them are legal, broker setup, marketing, financial, and software services.
In addition, here are the upcoming meetings and contests, Forex and crypto news, and blog posts.
You need to take only 3 easy steps to get posted on Finarm.com:
Open an “Аdd company” section;
Enter all the key details about your company, price, and options accessible for companies. Then, pick the most suitable categories from a shortlist accessible on Finarm.com.
Submit your application. The Finarm.com team will contact you as soon as possible to help you with finding customers.
Only three easy steps are needed to find the best provider on Finarm.com:
Select a category.
Customize your search. Take into consideration all the key details about your firm, sum, and tools. You can pick a solution from a long list that you can meet there.
Make a decision. Check out reviews, testimonials, and contact the firm at the final stage. We will connect you and the provider, so you will be able to get high-professional comprehensive assistance and advancement for your business.
That is all! Do not just take our word for it. Check it out.