Company news

UpTrader, a forefront developer in brokerage software solutions, announces a strategic partnership with the cryptocurrency payment platform, Helio. This collaboration marks an important improvement in payment processes, offering UpTrader's clients access to swift and effortless transactions in USDC and hundreds of other digital currencies through one-click payments, card, or Apple Pay. Helio's innovative approach also caters to NFT sales, ensuring a seamless transaction experience be it pre-sales or direct peer-to-peer trades.

Vasily Alexeev, CEO UpTrader:
“At UpTrader, we prioritize dependable payment providers because brokers consistently seek solutions that offer the best price-value ratio, reliability, and seamless daily operations. Our collaboration with Helio is a testament to our commitment to enhancing the speed of transactions, process coherence, and ultimately, customer satisfaction.”

Helio is revolutionizing online payments by eliminating intermediaries, thus offering a cheaper and faster method to transact directly with anyone, globally. Since its inception, Helio has been on a mission to establish the first crypto-native payments platform with widespread e-commerce and merchant integrations, catering to the growing demand for digital currency transactions.

This partnership between UpTrader and Helio reaffirms UpTrader's commitment to offering state-of-the-art solutions tailored to enhance the brokerage infrastructure. As the industry evolves, UpTrader continues to support brokers in their quest to provide users with the ultimate trading and transaction experience.

For more information about UpTrader and its suite of services, including the latest integration with Helio, please visit UpTrader's Website or contact the sales team at [email protected].

About UpTrader

UpTrader is a leading CRM provider with over a decade of experience in developing innovative solutions for the Forex market. The company specializes in cloud solutions tailored to meet the diverse needs of brokers, with its flagship product being the Forex CRM. UpTrader's extensive range of services also includes White Labels of trading platforms, Forex and Cryptocurrency Liquidity, and a Copy Trading Platform. With a commitment to perfection and attention to detail, UpTrader aims to solidify its position as the number one CRM solution on the market.

About Helio

Helio provides a suite of payment tools for e-commerce merchants, and internet entrepreneurs, making it easy for anyone to accept USDC and other digital currencies. Designed for ease of use, especially those new to crypto payments, Helio is a faster and more cost effective alternative to traditional payment methods. Empowering over 4,000 sellers and 200,000+ active wallets, Helio supports major blockchains including Bitcoin, Ethereum, Solana and Polygon. 

In the new 6th module of UpTrader CRM Sales Interface, designed and optimized for the sales team, a multitude of useful settings are introduced to enhance your sales team's performance and simplify management.

One such beneficial feature is the manager hierarchy. It enables the creation of managerial teams, assign leaders and subordinates, allows or restricts visibility of information across different teams, and divides departments by regions, among others.

For instance, in your brokerage firm, there is an international department where all managers report to a single top manager. Within the international department, there are managers responsible for Asia and Africa; within Asia, there are teams working with China and Vietnam, while in Africa, with Nigeria and South Africa. Moreover, the manager responsible for the China region also works with South Africa, and it's crucial to ensure that only he from the Asian group has access to the South African group. All these can be configured in a few clicks in the Admin module under the Personnel section. Watch our tutorial video for more insights.

Subsequently, this hierarchy allows you through the Sales Module settings to automatically assign clients from Asia and Africa to the managers of these regions. If a manager receives a client that is not theirs by mistake, they can easily reassign them using the Reassign feature, which will be covered in another video. Such straightforward actions enable you to create any hierarchy of any complexity and manage teams effortlessly.

If you haven't yet explored UpTrader CRM, perhaps now is the perfect time to schedule a demo? Contact us at [email protected]. 

To enhance our Partnership Program and make it the most powerful one available, we have further sophisticated our partner rewards system. Previously, our partnership program's rewards were calculated solely based on profit. Now, in the final calculations, you can also include swaps and commissions to tailor the rewards to your specific needs. However, it is your choice whether to add these components or prefer to calculate rewards based solely on profit.

You will find all these settings in the Admin mode under the Affiliate Program section.

Have questions? Contact us at [email protected] or leave a request in the live chat.

We're excited to introduce CryptoOrange as the newest payment system option for all UpTrader clients. This innovative platform, based in Lithuania, provides brokers and their clients with a fast, secure way to conduct trades using digital currencies. The platform offers a suite of services including cryptocurrency exchange, secure digital asset storage, and a specialized payment system designed to facilitate transactions for merchants. As a leading provider in the cryptocurrency sector, CryptoOrange aims to streamline the adoption and use of digital currencies through its user-friendly interface and robust security measures. 

 As with all our payment solutions in UpTrader CRM, CryptoOrange can be customized within our Forex CRM to appear for clients based on their geographical location, enhancing the trading experience by catering to regional preferences.

Have questions? Contact us at [email protected] or leave a request in the live chat.

Responding to numerous client requests, we have introduced a new setting in the CRM under the Partner Programs section, which allows for the payment of rewards by account groups. Previously, Partnership Rewards were solely based on MetaTrader Symbol Groups and MetaTrader Symbols. This limited the flexibility of custom Partnership conditions in scenarios where MT Symbol groups are shared among some Client Account types. Additionally, if a client wished to offer different rewards for MAM and normal traders, it was only feasible by running two IB programs or having these traders operate on different symbol sets.

Now, you can pay varying partner commissions depending on the account group on the trading platform.

Furthermore, we recently released new filters that significantly expand brokers' capabilities for partner rewards personalization and client management. Key innovations include the ability to set filters based on parameters such as the trader's country, language, and partner code. The new functionality for affiliate programs is particularly important. Brokers launching affiliate programs with individual conditions for different partners can now create unique terms for their clients. For instance, a broker may offer increased payouts to one of the partners and configure automatic account opening with wider spreads for their traders.

By combining both features for setting up partner conditions, you will achieve individual, fully customized partner markup based on any parameters you wish.

Have questions? Contact us at [email protected] or leave a request in the live chat.

There are two notable trends in the forex market: on the one hand, the simplification of opening a forex broker due to the growing offer from fintech companies - developers of software for brokers, which improves every year, allowing new companies to enter the market, taking the best solutions for personal accounts, liquidity, trading platforms, copy-trading, and various plugins. On the other hand, the rules for regulating the activities of forex brokers are becoming stricter, forcing companies to have solid investments to cover expenses on licenses, legal entities, etc., which de facto closes market entry for very small companies.

We have made a brief overview of the main steps required to open a company and added the latest actual prices.

So, step 1 Trading Terminal 

You should begin by determining which trading platform you want and whether it fits your budget. Prices typically range from $2,500 to $12,000, with $2,500 being the cost for a White Label cTrader. However, there are significant differences in compliance requirements. For instance, MetaQuotes has introduced strict compliance requirements. Now, to purchase an MetaTrader Terminal, you are required to obtain a brokerage license in the jurisdiction of your company. This may include countries such as England, Cyprus, New Zealand, Seychelles, Mauritius, Labuan, among others, which can be costly for a startup company. License + opening a company with a bank account and mandatory hiring of local staff will cost at least $80k, but together with all additional expenses - from our experience, it ultimately comes out to $100k and above depending on the chosen residency. It should also be considered that the process takes from six months to a year, while you need to bear the costs of the opening itself and local staff out of the pocket. At the same time cTrader and DXtrade do not have such strict requirements. For instance it’s allowed to get a legal entity with a director in Santa Lucia, which is about $5,000, and the company opening takes a couple of weeks. However, without a forex license, you can use cryptocurrency and some payment systems - which many do successfully. However, this is still a limitation for expansion. If the brokerage company wants to move further into other regions, it will eventually have to obtain a brokerage license and open a bank account. 

Step 2 CRM

For servicing clients and partners, a Personal Account is needed, where clients can register, open and replenish accounts, withdraw funds, monitor trading history, receive notifications and bonuses, undergo KYC procedures. Partners will be able to keep track of their clients and receive rewards, and so on. The more complex and diverse business model the future broker envisages, the more developed system he should choose for growth, as transitioning an already operating business to a new CRM is always painful, so it's better to do it at the opening stage.

UpTrader CRM is an ecosystem of 6 modules: Back office, Admin, Trader’s Room, Copy-Trading Platform, Affiliate Program, and Sales Management. All of them are fully integrated, allowing for comprehensive management of every aspect of the business through a single interface. UpTrader focuses exclusively on developing CRM for brokers and constantly introduces new functionality, improving the user experience and striving to consider all the scenarios of trader behavior and management needs. Our staff interact with clients, analyze their needs, select ideas that may be in demand in all other companies, and bring them to life. As a result, we get a completely unique system covering the widest needs of brokers, making UpTrader CRM outstanding in its field of Forex Solutions.

In UpTrader, we have developed a flexible pricing model, where the main functions needed by a startup are included in the basic tariff (from $999): account management, KYC, deposit/withdrawal, notifications, etc. If the broker needs special modules: affiliate program, copy-trading, sales management, and more, all this can be connected additionally as desired. That is, you do not have to pay for these functions until you need them.

Step 3 - Set up 

The third step is setting up the trading terminal and price feed or liquidity. You can get the price feed without liquidity, for example, if you have not yet decided on a choice or just want to wait. Next, you need to set up the platform itself: configure symbols, pricing policy, spreads and commissions, calculate the financial model with partners, and accordingly set up trading. Usually, the worse the conditions for traders, the better for partners, and vice versa. Often the financial model depends on the country; for example, in some countries, the expected market leverage might be 1:3000, and if you have different conditions, then clients simply will not come to you, while in other countries it is 1:50, and if your leverage is higher, you may encounter regulators and get a scam reputation. At UpTrader, we help set it up.

Takeaways

As we see, opening a broker in 2024 is a feasible task, however, you need to understand well what you can afford. More and more companies are considering working without a bank through cryptocurrency, and this is a good and inexpensive start for companies allowing them to create a capital inflow and in the future consider opening a broker with a license.
 

Have you already decided on the jurisdiction and platform? Request a demo at UpTrader - our forex CRM is integrated with MetaTrader, cTrader, DXtrade. We work with legal companies, liquidity providers, crypto gates, etc., and can help at any stage of creating your company with any business model. Write to us at [email protected] or leave a request on the site uptrader.io, and we will contact you shortly.