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24.11.2020From IB to personal business: a step-by-step guide on how to start a Forex brokerage firm. Pros and cons of being a broker.
Starting a brokerage firm is widely believed to be expensive and time-consuming. Because of this common misconception, people often choose to become an IB (Introducing Broker) instead of taking a chance and trying their luck at achieving genuine success. We want to dispel your prejudices and give you a step-by-step guide on how to start a forex brokerage firm easily with UpTrader.
Being an IB and getting about half of a broker’s revenue seems like a great deal: after all, you are only looking for new clients, and the broker is doing all the heavy lifting, like trade execution and payment processing, right? Wrong.
You can get all of that at UpTrader just for a small monthly fee (from €1,000 per month) and keep all the profits to yourself. We can offer you a white label of a trading platform bundled with our award-winning UpTrader CRM and Backoffice system and will help you sort out your other worries like establishing a company and signing up with payment system providers.
However, do not forget that a bigger income comes with a bigger responsibility. With White Label all the actual customer service is your job: you will need to think through your branding, marketing campaigns and sales strategy.
Previously, brokerage business required deep technical knowledge – you had to go deep into both trading and IT. However, things have become much simpler in recent years: to start a broker that will be ready to receive customers a couple of weeks later is no longer a dream. IT-services and products can be outsourced, infrastructure can be built in cloud, and what is left to you is only sales process. Too good to be true? But not with UpTrader.
In 2020 you do not need to have considerable knowledge in brokerage business. Many entrepreneurs coming to UpTrader are far from being experts. And that is absolutely fine for a broker now. There are 5 important steps that should be followed.
Work out your corporate framework
First you need to register your company. The registration process is quite clear and simple, although it has its pitfalls.
When it comes to launching new ventures, one of the key points is the choice of jurisdiction of your company. Before settling upon a particular region, you need to consider which jurisdictions offer you the best conditions for doing business.
The most common choice is offshore. You can have a legal entity registered in, say, Saint Vincent and the Grenadines. The main advantages of having offshore companies are no taxation, flexible legislation, and support of foreign businesspeople at all levels. Rather good opportunities for doing business, right?
However, running an offshore company has its own drawbacks, such as certain difficulties with signing up for bank accounts and payment system providers. To avoid such problems, you can open a company in a regulated jurisdiction (for example Labuan region of Malaysia), it will be much more expensive, but will show clients and business partners that you are a serious company that can be trusted.
UpTrader provides a full range of legal serices both as a standalone package, and as part of White Label Meta Trader 4 and Meta Trader 5 offerings.
Get a trading platform
That is an easy one! For sure you are already familiar with MetaTrader, the world's most popular trading platform, used by the vast majority of brokers. MetaTrader's popularity is due to its reliability, comprehensive trading conditions settings, tools for technical analysis and familiarity to traders from all over the world.
There are two versions of MetaTrader: MT4 and MT5. Both platforms are designed for Forex trading, financial market analysis and use of expert advisors.
With the help of UpTrader you can buy White Label of any of them. Actually, getting a White Label is the only way for a new company to get the more popular MetaTrader version 4, because new copies are not being sold for quite some time now.
— Provides access to financial markets both from desktop and mobile.
— Gives a wide range of trading instruments in real time: popular and exotic currency pairs, CFD shares, futures, indices, metals.
— Provides statistics: analytics, charts, indicators.
Connect to a liquidity provider
Next you need to think about your liquidity provider. What is liquidity and why is it important? A broker’s income is the difference between the spread of their liquidity provider and the end spread for traders. That is why it is important to find a stable liquidity provider with the tightest spreads. It allows you as a broker to hedge your risks.
There are also brokers who themselves act as the counterparties in trades of their clients without the participation of large market makers. In this case, a broker profits from traders who “blow” their deposits, which sometimes disturbs clients as the broker seems to be interested in their failure. And there is a risk of professional traders bankrupting the broker with large earnings.
The best of both worlds is a balanced risk management strategy. For example, passing high-volume clients to a bigger liquidity provider, while acting as a market maker for those who trade small volumes.
Brokers usually combine sources of profit from the trading activity of their clients and rarely work exclusively with one model. On the average, a small broker deals with a monthly volume of about $100 million.
You can choose your own liquidity aggregation model with UpTrader.
Setup an online Backoffice and CRM
It can be said that the key component of a successful modern brokerage business is an online Back Office system that allows clients to manage their accounts and funds, and brokers to work with their clients. It helps brokers manage the entire client relationship life cycle in one place.
While choosing a trading platform might be easy – after all, there are not so many options to choose from – picking a Back Office and CRM system might be tricky: there are a lot of options on the market. But they are not created equal.
A common mistake is to try to use a general-purpose CRM system. These CRMs are not really fit for brokerage companies – after all, managing goods in warehouses and their logistics is quite different from managing trading accounts.
Then there is a variety of brokerage CRM systems on the market, but most of them were built by brokerage companies for themselves and the decision to sell them to other companies was an afterthought. This makes these CRMs really suited to only one way of doing business, customization options are lacking, and every slight change requires expensive development projects. Setup time for such CRMs may take several months.
Thankfully, there is a new wave of modern brokerage SaaS CRMs such as UpTrader CRM. These CRMs were built with startups in mind, they include all the necessary options out of the box and can be launched in a matter of days. For example, some of our clients went from signing of an agreement to live operation in just 24 hours.
UpTrader CRM is our flagship product that we are truly proud of. It includes a Trader's Room where a client can register and manage their own accounts and funds, an IB section for your Introducing Brokers, a Back Office panel for the staff of the company, a special section for your Sales team, and an Administrator’s panel with flexible customization of access levels and available features for staff and customers.
UpTrader CRM helps to manage your Introducing Brokers, marketing promotions, bonuses and see all your clients and their trading results right in one place, while IB programs can be easily integrated into your brokerage website.
Create a website
Of course, for the good brokerage business, it is necessary to create a functional website. Nowadays you can easily do it yourself or seek professional help. UpTrader has a professional team that can create a fully functional website for your company. Our services include branding, copywriting, design, and web development. Websites we build are fully integrated with our products.
That is all! Only these five steps separate you from success in the financial market. 10 years of successful experience in Forex industry make UpTrader a trustworthy partner to help you build a new business of your own.
Contact us at https://uptrader.io/
03.07.2020The whole industry already went online
UpTrader participated in the conference and expo Virtual Vision Finance. Conducted completely online, the event’s format was perhaps unconventional. Or maybe it’s to become the convention? What happened to business processes of global companies who provide financial services to individuals and b2b fintech firms because of the COVID-19 pandemic?
UpTrader CEO Vasily Alexeev:
“I won’t concentrate on the obvious, but let’s summarize the main points: more new clients coming in, increased trading volume. People are staying at home, they have nothing to do (in a broad sense), some are looking for new sources of income, some want thrilling experiences. Moving further. Visiting banks and other financial organizations is limited. As lockdowns are lifted, new habits can seriously impact the pre-COVID workflows. Here we have increased volume of payments in alternative finance, firstly it’s cryptocurrency, KYC services also gain in significance. We believe that all this calls for changes in regulation. The pandemic has directly fostered the growth of experience economy. Its primary features are engagement, service, entertainment.
In view of this, participants of panel discussion several times brought up a challenge faced by Forex industry—gambling sector. The latter’s product is more engaging & entertaining, has fewer intellectual barriers for new players, and adapts to new trends much quicker. Another response to the pandemic is the ‘antiviral marketing’. Thousands of marketing professionals across the world rushed to capitalize on the topic of virus and the quarantine. However, it’s gradually becoming a faux pas to exploit the pandemic, and experts even introduced new terms: ‘COVID marketing fatigue’ and ‘COVID burnout’. People really do suffer from emotional burnout, tired of constantly being reminded of the disease and the restrictive measures, so it’s clear they should be given a break.
Finally, the general logistic insight. Entrepreneurs all over the world suddenly saw that it’s not necessary to fly and spend money on trips to have productive communication with partners. People engaged in Forex industry, much like those in IT, by definition more open to remote work, find in it the same challenges as people working in other sectors do. Difficulties in communication with coworkers when solving current tasks, lack of informal communication, blurred lines between work and private life. We see how the coronavirus pandemic forces almost every worker and employer to reassess the basics of how their activity is organized. We live in a new world, with new formats, and the pandemic merely served as a catalyst for change in business processes and people’s minds.”
30.06.2020Learn how two launch a forex broker in two weeks
Don't miss your chance to learn how to launch a forex broker from scratch just in two weeks!
UpTrader hosts a live webinar on 3 July 2020 at 10:00 GMT. All participants will get a ready-to-use plan to start a forex company at minimum investment.
Register for the webinar here.
29.05.2020New slogan to celebrate the 10th anniversary of UpTrader
UpTrader presents a new slogan “Change Up!” to celebrate its 10th anniversary that fits the stage of steadfast development the company is on right now.
“UpTrader continues to change for the better. Recently we have released the completely new visual and navigational design of the site, it’s now easier to examine the capabilities of our products and make important business decisions,” said the CEO of the company, Vasily Alexeev. “In the year of the company’s 10th anniversary, we can proudly say that we provide services for clients in 190 countries across the world, something that seemed like a distant goal only a few years ago. We continue to gain pace, not only in new markets, but also in regard to better product solutions, and our new slogan ‘Change Up!’ is perfect for our current stage of development as a company.”
Alexeev highlighted that there are plenty of brokerage software solutions offered on the market, but to make the right choice it’s important to pay attention to several key aspects that will become the foundation of stable business growth.
“I’d say they are three: ready-to-use software tested by dozens of companies, history, and expertise of the software provider, as well as the ease of integration into your business,” says Alexeev. “We can be proud of all three. For ten years now the company has been providing IT infrastructure for all areas and all operating cycles of brokerage business. Setup and launch of our products take only a few days. More detailed information and all our current offers can be found on the new website. We’re always happy to help!”
UpTrader is an international fintech service provider for companies operating in different areas of the financial market, founded in 2010 by a team of financial technology experts from Russia. The company is working in the B2B segment.
The main products provided by UpTrader are the services for the creation of a brokerage company from scratch, a trading ecosystem that includes websites, mobile apps, CRM, client interfaces, trading platforms, affiliation systems, a full range of cryptocurrency services.
27.05.2020UpTrader integrates RAMM into trader interface
Copy trading platform RAMM is now available in UpTrader’s personal area. The easy-to-use service with accurate order execution will allow attracting up to 40% more new clients.
UpTrader, a developer of solutions for Forex brokers, has expanded the functionality of its trader interface with a new addition: the copy trading platform RAMM (Risk Allocation Management Model) by RAMM.TECH.
Thanks to the seamless integration of RAMM into UpTrader CRM interface, a broker’s clients of all levels now have access to a stable service with extensive earning opportunities and a robust risk management system.
Other tools that allow users to copy trades are significantly inferior in terms of the flexibility of personal settings, risk management, and the transparency of the whole process. Moreover, many similar services don’t allow users to stop the copying instantly, even if they see that they are losing money. In some cases, there’s a fine for premature disconnection.
Compared to services with such limitations, RAMM is a sophisticated system that allows investors to assess and fully control the level of risk, while preserving the high effectiveness of investments. To curb the risk, users can set acceptable loss levels. This ensures the security of funds on the account, since the investor essentially determines the level of capital protection, and the process stops immediately when the preset limits are reached.
Unlike other copy trading systems, RAMM is an independent platform that guarantees 100% accuracy of copying. This prevents slippage, requotes, missing instruments, or temporal difference in trading sessions.
In the trader’s interface in UpTrader CRM, users can create a RAMM account and jump instantly to investing in the most high-performing trading strategies, or share their own investment portfolio with other traders. Strategy authors can set profit and turnover fees for investors.
User interface provides charts to examine the performance of a trader. It’s possible to invest in several using one account, with different stop loss and take profit orders for each one. This means that even if something goes wrong for the strategy’s author, the investors will be able to protect their funds up to a certain degree.
Managers can see the history of deposits and withdrawals on RAMM accounts in the back office, just like with other account types.
The integration of this user-friendly and functional platform will make attracting newcomers and professional traders who want to share their strategies easier for brokers. Even if a broker doesn’t have many professional traders, they can always add the pool of strategies from the clients of other brokers provided by RAMM. This works both ways: RAMM makes getting new clients cheaper and stimulates the existing ones to trade more actively.
About UpTrader CRM
UpTrader CRM is a software solution for efficient management of a Forex business. It includes three interconnected interfaces: admin panel for the owner, back office for managers, and client interface for traders and partners.
Setup and launch of UpTrader CRM for any broker take only a few days. UpTrader support team will remain in touch with the broker throughout the entire lifetime of the software to resolve any issues should they arise. To order a trading platform, website, or CRM, submit a request to [email protected].
22.05.2020IB or not IB? UpTrader CCO Sergey Vostrikov will talk it out on the Virtual Vision Finance
A frequent participant of iFX Expo, UpTrader will appear at the online event Virtual Vision Finance. The company will be represented by CCO Sergey Vostrikov who will speak about the difficulties that IB partners face when starting their own Forex broker.
We invite all visitors to the workshop “IB or not IB?” by our CCO Sergey Vostrikov. He will speak about the difficulties and barriers that IB partners face when starting their own Forex broker.
The organizers of the annual fintech exhibition iFX Expo have adjusted to the new reality imposed by the pandemic. During the lockdown, the events will be temporarily held online. The nearest Virtual Vision Finance will take place on June 10th, 2020. This unique event will bring together the leaders of finance and fintech industries from across the world.
UpTrader team will actively participate in Virtual Vision Finance. Visitors of UpTrader’s virtual booth will be able to speak with us via voice or video call. Everyone interested will be able to download the additional information on UpTrader products. We will provide an in-depth presentation of UpTrader’s CRM for brokers, copy trading service RAMM, and other solutions capable of boosting any Forex business.
If you plan on visiting the event, schedule a meeting with our team in a convenient time:
UpTrader CEO Vasily Alexeev: https://www.linkedin.com/in/vasily-alexeev/
UpTrader CCO Sergey Vostrikov: https://www.linkedin.com/in/sergey-vostrikov-6a7b1129/
Business development manager Taylor Bingwa: https://www.linkedin.com/in/taylorbingwa/
Sales manager Vitaly Lysyuk: https://www.linkedin.com/in/vitaliilysiuk/
15.05.2020Redesign of UpTrader website
We are happy to share some great news with you: UpTrader just launched a new website with new updated design and navigation. Finding the needed products and choosing the right solution for your Forex business has become a much more streamlined experience.
UpTrader continues to change for the better! With the completely new visual and navigational design, it’s now easier to examine the capabilities of our products and make important business decisions.
Every product and service provided by UpTrader now has a specific page dedicated to it. For example, all our White Label solutions are described in greater detail on the new website: UpTrader CRM, MetaTrader 4, MetaTrader 5, web-based Forex terminal. Users are also welcome to visit the pages on legal services, liquidity, and custom development.
Find even more detailed information on a product in downloadable presentations, or speak with our professionals directly after filling out the feedback form.
The news section will keep you informed on all updates of the existing products and the launch of new ones. Meet our team in person at industry expos and conferences: keep track of our activity on the Events page.
Learn more about UpTrader in the special section: our company’s life in numbers, our history and achievements.
We hope that the new design will please your eye, and the search for the needed information will take no more than 30 seconds.
Improving for you,
17.01.2020UpTrader CRM now has 5 new bonus programs for traders
Engage your clients to trade more effectively: UpTrader launches a new bonus system with five different bonus programs and a variety of flexible settings for each of them. The new features will allow brokers to select and reach any segment of the audience.
It is commonly known that bonuses encourage trading activity and deposits. That’s why every broker wants to attract, lure in and keep new clients by offering bonus funds for initial trading.
UpTrader team has released an important update that brings variety to bonus programs. The new system consists of five bonus programs with a customizable bonus amount, lifetime, the rate at which the bonus funds are transferred into a client’s property, and other parameters. Here are the new bonus programs: Welcome Bonus for new clients, Deposit Bonus, Compensation Bonus, Monthly Bonus, Manual Bonus. All specifications of the bonus programs are available in the back-office interface.
Welcome Bonus is a basic program that is activated when a new client creates its first account. The amount of granted funds is determined by the broker. Using the back-office, a broker’s employee sets the lifetime of the bonus in days, as well as the period of time during which a client can claim the bonus after the registration (provided all the requirements set by the broker are met).
This program is designed to encourage clients to make a deposit and start trading. The amount of bonus funds is a percentage of the deposited sum, determined by the broker.
Through UpTrader CRM, traders can deposit funds using payment services that charge fees for a transfer of funds to the broker. This bonus is designed to compensate deposit fees. Clients will receive bonus funds that completely or partially cover the payment service fee.
Brokers can also encourage clients to keep larger amounts of funds on their accounts by offering interest on free balance. The system daily checks the amount of free balance and grants a particular percentage as an annual bonus. The percentage is set by the broker in the admin panel. The bonus is available for trading and can be transferred into a client’s property and withdrawn after they meet the trading volume requirement. Brokers also can set more specific requirements in the admin panel.
This bonus is designed to maximize the effectiveness of client interaction. Using Manual Bonus, a sales manager can set all terms and conditions manually and create a new bonus for their clients. In back-office, a broker’s employee can set the bonus amount, trading volume requirements in USD per lot and the lifetime.
Create your own bonus programs on your own conditions with UpTrader!
26.12.2019UpTrader 2019 Progress Report or The Checklist for 2020: Definitive Kit of a Forex broker
Today, financial technology is moving forward at an exponential rate. In the highly competitive environment of Forex, it’s vitally important to follow the trends and promptly adopt new technology as it appears. The end of the year is a good time to make sure you’re up to date with the latest tools that can make your company stand out among competitors and bring as many new clients as possible.
In 2019, we completely updated UpTrader’s product line. As we approach the new decade, take a look at a set of innovations developed by UpTrader that can fundamentally transform a brokerage business and put it above the competitors. Do you have the definitive kit of a modern Forex broker in 2020?
Your entire business in one platform: UpTrader CRM 2.0
We know how important it is for brokers to see the big picture regarding both clients and partners. Thanks to the 2019 upgrades, our brokers can control the conditions of multilevel partner networks and see client trading analytics. The platform is easy to use and encompasses all business processes, it includes three interfaces: client area, back office and admin panel. Early next year, the ecosystem will be expanded by a mobile app for account management and trading.
Bringing liquidity to a new level with AMTS solutions
The quality of liquidity you provide may account for half of your success. In 2019, UpTrader struck a partnership with AMTS Solutions, and now our brokers can enjoy the aggregation of liquidity from an unlimited number of providers. This brings order execution to a new level and allows for a more flexible risk management system. A perfect choice for those who look for a high-quality flow with tight spreads and better order execution.
RAMM: bring all kinds of traders together
Business growth requires a constant influx of new clients while attracting traders and investors can be very difficult without a copy trading service. Make trading easier for beginners and encourage professionals to trade more actively with a new-generation copy trading system RAMM (Risk Allocation & Money Management) by RAMM.TECH. Unlike similar services, it doesn’t put any load on the trading platform server and ensures the high accuracy of copying.
Starting a brokerage firm is now even easier
The year 2020 promises to be a year of customization and turnkey branding. However, it’s still possible to get many advantages of classic trading platforms in a simpler package to meet a modest budget. Earlier this year, we upgraded UpTrader’s web terminal that is already in use by several large brokers. The new software allows launching a full-fledged broker just in a few days.
What’s in store for brokers in 2020?
The year ahead doesn’t promise to be any less interesting or intense. We’re looking forward to continue developing the ecosystem of UpTrader CRM.
The CRM system will be expanded to include such features as voice over IP, an enhanced section for sales departments, and a new email delivery system.
Clients will be able to access their accounts in a new mobile app.
Follow us on Facebook and Medium and be the first to learn about our latest updates. Build your business together with us at the forefront of the industry!
Vasily Alexeev, UpTrader CEO
09.12.2019UpTrader launches a flexible management system for partnership programs
UpTrader introduces a set of updates to CRM, allowing for automated and in-depth work with partners. Brokers can now configure conditions individually for each partner, while partners will receive detailed reports on all payouts.
The team of UpTrader has enhanced the back office and the admin cabinet with a possibility to see the relationship between partners and clients (the feature shows whose client someone is). Partner links are generated automatically.
All new features added to CRM are designed to help partners and brokers choose the optimal plan for each individual case.
Flexible payout settings for different instruments
This feature will be especially useful to brokers who offer a large number of trading instruments. Now, a separate partner payout plan can be implemented for each category of instruments, or a separate plan for each partner: for example, a fixed commission for the volume or a percentage of the spread.
Let’s look at an example:
A broker offers a wide selection of trading instruments: currency pairs, stock and energy CFDs. A reasonable commission for popular pairs with tight spreads (e.g. EUR/USD) would be a fixed $10 per lot so that the partners can easily recognize the advantage. The broker sets up this plan for the category of major currency pairs. At the same time, exotic pairs have large spreads that strongly vary from instrument to instrument, so the broker sets the commission at 30% of the spread for each individual trade. And as for CFDs, this value maybe 50% of the commission.
Another addition to CRM is the new multilevel partnership program with an unlimited number of levels. Partners can now create networks of any depth, while brokers set reward conditions for each level individually. Partners can follow the growth of their network in the personal area and keep track of the clients of their sub-partners.
For example, a broker wants to create a multilevel referral network and reward partners for high performance and creation of their own networks by setting up rewards for every new level. The broker creates a three-level partnership network and set the following reward plan: the broker’s partners get 10% of the rewards of their first-level sub-partners and 7% of their second-level sub-partners’ rewards.
Partners have access to flexible settings of spread for their clients
Spread increase is very relevant to partners of brokers whose main income is based on commissions. The same plan is also useful to money managers who receive clients’ funds for management and earn from the spreads and commissions for the trades.
The brokers themselves can use CRM to cap the possible increase of service prices by their partners or disable this feature completely.
For example, with the broker’s consent, a partner sets up an extra commission in UpTrader CRM and larger spreads for their clients, while profit goes directly to the partner. If each party is satisfied with the commission, the partner continues the active operation, attracting more clients for the broker and ramping up the trading volumes. This scenario is favorable to each party: the broker gets large volumes, the partner—high commissions, the client—profitable trades.
About Uptrader CRM
Over 10 years of experience with various brokerage CRM systems enabled the experts at UpTrader to analyze the best solutions out there and implement them together.
UpTrader СRМ was developed specifically for brokerage firms taking into account the specifics of online retail services in Forex. The new CRM is designed to speed up the task solving process and make the learning curve less steep for the staff. UpTrader CRM includes the trader’s area, back office (interface for the company’s employees), admin cabinet with flexible access settings for the manager, additional functionality for the staff and clients.
UpTrader has resolved the core issues for traders and brokers that arose from other business solutions. However, the team doesn’t intend to stop here and rolls out regular updates, enhancing the system, each time expanding the systems with new features and capabilities.
See the presentation to learn about all the capabilities of UpTrader CRM.
04.12.2019UpTrader CEO Vasily Alexeev on cryptocurrency ban in Russia
Central Bank of Russia and state financial watchdog Rosfinmonitoring are preparing an initiative to ban cryptocurrencies as a means of payment in Russia. In a conversation with Deventer.org, Uptrader CEO Vasily Alexeev talked about the possible ramifications of the new legislation for fintech companies and cryptocurrency holders.
If the matter goes beyond words, this bill may join the list of other legislative initiatives of recent years that are strict, yet technically unfeasible.
Currently, all cryptocurrency transactions are already conducted in the informal economy: they cannot possibly be taxed since Russian law doesn’t recognize cryptocurrency as an asset. Moreover, it’s fundamentally impossible to learn who, when, and what for made a payment in Bitcoin, not to mention who owns what wallet.
It’s important to understand that to create a cryptocurrency wallet, it’s enough to generate 12 random words using special software. Access details to such a wallet exist only in your head, and no one can prove that you have them, while you still can receive funds and, if necessary, send them using these 12 words.
Right now, Russian companies operating within the legal framework that accept cryptocurrency do it through foreign intermediaries who receive cryptocurrency on their wallets and sent fiat money to the companies. In all likelihood, this arrangement will remain legal.
And even if the bill is worded in such a way as to ban this, it would hardly be a devastating blow for these companies, since in this case, they lose only a small fraction of their payments. Companies that cannot operate legally are a different matter: for instance, online casinos, or pirated content websites. Cryptocurrency payments may make up a substantial part of their income. However, they already have nothing to lose: breaking one more law won’t change anything.
04.11.2019UpTrader will attend London Finance Magnates Summit
The Vasily Alexeev of UpTrader will take part in the Finance Magnates Summit in London, which will take place on 12-13 November.
In the capital of the forex industry - London - 70 the market leaders and professionals at finance will gather to share their vision and experience. Vasily Alexeev will be among the experts at the conference. During the summit, they will introduce both new products for forex business and already known in the market software for brokers by UpTrader.
UpTrader is a regular participant in the Finance Magnates events. For the company this is a great opportunity to liaise with new clients and potential partners, to tell colleagues from the world of finance about the achievements and last developments of the company.
Being the largest in capital markets, and trading, Finance Magnates events boast thousands of attendees, hundreds of exhibitors and dozens of top executive speakers.
UpTrader helps clients to manage brokerage business and empower trading and investing profits by providing the best in class fintech solutions.
25.10.2019Which UpTrader technologies have become bestsellers at BlockChainLife2019?
The Serenity blockchain project successfully presented an ecosystem of unique services based on UpTrader products for Forex brokers, blockchain startups and traders at BlockchainLife2019 in Moscow.
The Serenity team, whose founder and technology provider was UpTrader, presented the ecosystem of services on 16-17 of October at the largest event in the crypto industry this year in Europe — BlockchainLife2019 in Moscow. For two days, the exhibition was visited by more than 4800 representatives of blockchain, mining, and cryptocurrency.
Serenity presented at the exhibition a crypto exchange, blockchain escrow, a margin trading platform and a crypto exchanger that supports transfers from Bank cards. All these services are based on UpTrader products, which any business can purchase as a White Label.
The most vivid interest among the participants of the exhibition was caused by the new exchanger SerenityPay, which can work both in conjunction with the exchange for traders and separately.
"It is extremely important for us that any client had an opportunity for deposing on the crypto exchange and on the margin trading platform with a simple Fiat card," commented Anton Vasin, CBDO Serenity.
Also, the margin trading platform aroused great interest among crypto brokers and exchanges. Especially for the management of margin accounts of traders, UpTrader has developed a convenient personal account, which is ready to use and easily configured for the needs of any broker.
In the words of the CEO of UpTrader Vasily Alexeev, in recent years, blockchain has an increasing impact on financial markets. Alexeev attributes this by the fact that blockchain technology provides reliability and irreversibility of transactions. He noted that smart contracts automate processes that have traditionally been done manually: so, now even the most conservative banks have begun to introduce the replacement of letters of credit with smart contracts.
UpTrader IT solutions are products for Forex brokers, crypto traders, and fintech startups. UpTrader offers software solutions and services to create, maintain and improve business infrastructure, attract customers and optimize brokerage and exchange operations. The Serenity project regularly integrates the UpTrader team's developments into its growing ecosystem.
Want to come on board like Serenity? Contact us!
04.09.2019UpTrader CRM Has Added a New Visual Report System
UpTrader CRM now graphically visualizes all the stats needed for brokers and partners.
The UpTrader team has recently integrated a new informative visual analytics page. The new dashboard provides structured information on the number of registrations, opened accounts, withdrawals and deposits using colorful charts.
The analytics page is available for brokers and its staff in the back office interface, as well as for partners. Partners and brokers alike will be able to set monthly goals and monitor their implementation. Graphics show clients’ achievements within a chosen time frame.
The client interface now has a new detailed section for partners. The latest updates bring extensive statistics for partners on their clients’ activity.
This visual report system allows both brokers and partners to set clear objectives for their sales team to attract customers, monitor their activity and results.
About UpTrader CRM
UpTrader’s 10 years experience in working with different CRMs on Forex market has allowed to analyze the most effective solutions and put them into practice.
Vasily Alexeev, CEO UpTrader
“CRMs that we used to work with were visually unattractive and had poorly designed interfaces. It was a major obstacle to mastering and effective usage of these programs by brokerage staff. As a result, it affected the speed of task execution, the quality of customer service, and consequently, the company's profit. So we set out to create a CRM that differs from everything we worked with before. It had to be multifunctional, reliable and helpful in business. Our efforts bore fruit: our CRM is being used by numerous companies, and we receive positive feedback from them.”
The new CRM was designed from the ground up specifically for retail Forex brokerage business. It aims to increase the speed of solving simple tasks and make its adoption by employees easier. UpTrader CRM includes a trader's room, a back-office interface for the staff of the company, and an administrator's section with flexible settings of access levels and available features for staff and traders.
The trader’s room is simple and easy to understand even for novice forex traders. Fast registration and instant verification of a client’s identity rids both customers and brokers’ staff of unpleasant time-consuming routine processes.
Managing accounts will not become a challenge for a trader due to clarity of the operations’ history. Moreover, for clients’ convenience, a broker is able to integrate a web trading terminal into the personal account and rid customers of having to log in to the terminal every time.
Customers can read the latest financial markets news and daily technical analysis and monitor trends with the calendar of key economic events in the forex world.
The back-office interface was created for operational control and management of a company’s business processes. Back-office employees can monitor a client’s activity - view deposits, withdrawal requests, and operations history.
Information on the partner’s activity is also displayed on a dedicated page, where one can see the number of clients, their activity, partnership rewards, bonuses, and personal data.
UpTrader developers also provided for and worked out in detail the system of client support. The administrator can monitor the quickness and quality of the support department responses to clients’ requests.
It is possible to integrate CRM into a trading platform in a couple of clicks. A broker can offer its clients to download MT4, MT5 or other trading platforms right in the trader’s room.
In the admin interface, a broker can customize CRM and the trader’s room both visually and feature-wise. For instance, it is possible to translate it in any language, assign responsibilities and access levels for employees and make the interface match the corporate identity. The administrator defines settings and services for clients.
Brokers can integrate news, analytics, and calendar of key events in the financial world. Thanks to the valuable content for traders the system can become not only a platform for managing accounts but a source of information for market analysis. It can stimulate clients to actively get involved in the trading process. In order to draw attention to a product or a special offer, brokers can launch ad campaigns to be displayed on the trader’s room.
UpTrader solves key problems that universal CRM solutions have, being difficult to adapt to forex brokers’ mission. Moreover, the team is regularly releasing new updates. Follow UpTrader news to learn about the changes, that enrich the system with new features and capabilities.
Take a more detailed look at UpTrader CRM by downloading the presentation.
26.07.2019RAMM copy trading platform is now available to UpTrader clients
UpTrader launched integration of a new generation copy trading system - RAMM-accounts. The service will help brokers to increase trading volumes by attracting new clients and traders.
In recent years, copy trading increased dramatically in its popularity among all the participants of Forex community, so for brokerage, such services became their way into the mass audience. However, seeking to satisfy their clients’ inquiries, brokers inevitably deal with deficiencies of the platforms.
First, brokerage firms integrating popular copy trading services to their platforms face difficulties in attracting traders. A service can stand idle for months while the company negotiates with traders trying to lure them away from rival brokers in order to provide clients with a large choice of strategies.
Second, heavy plugins for copy trading on MT4 frequently conflict with other applications responsible for the steady work of a server. Thus, the deals duplicating process results in breakdowns of brokerage platforms.
In addition, brokers often have to develop their own interface and a range of tools for particular investing services, which delays its launch.
Since July 2019 UpTrader provides a new generation model of investment – RAMM (Risk Allocation & Money Management) by IT-company RAMMFX. The developers have successfully overcome the above-mentioned shortcomings of copy trading services.
Contrary to the competing systems, RAMM allows sharing strategies of traders from other brokerage platforms. A trader just needs to open an account on RAMM service with a minimum balance. His trading performance will be reflected in RAMM as a trading strategy. Thus, a broker is able to fill up a rating with a wide range of strategies in the short term, that will actively stimulate clients to invest.
The problem of server overloading is solved as RAMM is not a plugin, but a complete trading platform with its own server. It is compatible with any broker whatever trading platform he uses or whether he actually has any.
RAMM has a ready-to-use advanced interface with all graphs and statistics needed for traders and investors. Setting up RAMM White Label by the UpTrader team takes just around a week. The service can include branding, building risk-hedging schemes, setting trading conditions, changing swaps, commissions, and spreads, as well as other tools according to the individual inquiries.
RAMM provides accuracy of copying and full control over the process that will attract and retain even the most careful investors. They can leave the strategy at any moment, as well as set the limitation on their losses and targets. They also are able to invest in the limitless number of strategies at once from one account, thereby diversifying their risks.
Netting of trades in RAMM system allows clients to avoid extra fees. At the same time, due to this feature, a broker is able to flexibly customize risk-hedging throughout a company.
Despite the crucial advantages of the platform, connection and technical support costs are slightly below the market. It can be connected as an external system with a separate account or as a system copying signals from one MT-account to another. Brokers can build an infrastructure around the platform on their own or with the help of the UpTrader team.
For new players in the market, RAMM is also available in one package with White Label МТ4/МТ5, integration of payment systems, CRM and a liquidity aggregator.
14.07.2019How To Attract New Clients For Brokers?
The complexity of classic types of trading in Forex often deters beginners. Investment services aim to make the entrance to the game easier. There are plenty of them and they all sound similar: LAMM, LAMM, MAM, RAMM...
But which one is safer and easier for both newcomers and experienced clients of forex brokers? To answer this question, let’s review the main investment services that are in high demand by traders and investors.
16.05.2019UpTrader will attend iFX EXPO, Limassol 2019
UpTrader will attend iFX EXPO in Limassol on 21st-23rd May as it wants to keep up to date and explore new trends of FinTech industry! Also, it is a great opportunity to strengthen its business globally and arrange new partnerships.
Participation in the largest financial business to business expo in the world is a promising opportunity for UpTrader to connect its innovative software and liquidity solutions with retail FinTech industry, ForEx, banks, affiliates brokers and white label partners.
We would be glad to meet if you are attending the event and discuss meaningful cooperation for your company and optimize each other’s business.
Kindly let us know your availability so we can schedule the meeting.
06.02.2019UpTrader team at iFX EXPO Asia 2019
On January 22nd–24th, UpTrader team attended iFX EXPO ASIA, a major b2b event in Asia that brings together leading financial companies and tech solution providers. The expo is held twice a year in Limassol and Hong Kong. UpTrader is a regular participant of both these events.
At the expo, the company presented its products designed for brokers and cryptocurrency projects: Forex SaaS CRM, White Label for MT4/MT5, ICO/STO Investor Profile, White label for Cryptocurrency Exchange Platform, Forex and Crypto Liquidity, etc.
Vasily Alexeev, UpTrader CEO:
“iFX EXPO exhibitions are always a great opportunity to meet all the industry leaders, understand what's trending on the market, and allow us to understand how to improve our products to meet clients' expectations. This year's Hong Kong expo was no exception. We met our long-term partners and clients, as well as getting to know new people, and had a lot of really productive conversations”.
Expo attendees had the opportunity to visit the UpTrader booth and meet the team of our managers. Aside from the activities in our booth, several meetings with partner companies were held.
Along with UpTrader, other major Forex and IT market players took part in iFX EXPO Asia 2019: eToro, Swissquote Bank, MetaQuotes, Currenex and others.
This year, visitors’ attention was focused on UpTrader’s online trading solutions: CRM, White Label for trading platforms and others. For comparison, in 2017–2018, ICO and cryptoexchange products were in higher demand.
16.01.2019UpTrader team to attend iFX expo Asia 2019 in Hong Kong
Representatives of UpTrader will attend iFX expo Asia 2019 in Hong Kong. The first and largest financial business to business expo in the world opens annually since May 2012 and connects over 3 500 attendees with more than 1 500 exhibitors. The main goal of the event is to deliver the highest quality expo within industry and to provide insights from some of the industry's leading specialists.
The largest financial B2B expo will take place on January 22-24 2019 in Hong Kong Convention Centre 1 Expo Dr, Wan Chai. You can find us in Booth 27, where UpTrader is going to present our ready-to-use brokerage software and сryptocurrency solutions such as Forex SaaS CRM, White Label for MT4/MT5, ICO/STO Investor Profile, White label for Cryptocurrency Exchange Platform, Forex and Crypto Liquidity, etc.
iFX expo includes numerous crypto and FX workshops and presentations to present all industry innovations and to create a powerful place for networking.
Venue: Hong Kong Convention Centre 1 Expo Dr, Wan Chai, Hong Kong.
Schedule: January 23, 9:00 AM to 5:00 PM and January 24, 9:00 AM to 4:00 PM.
Learn more details at iFX Asia website.
See you in Hong Kong!
24.12.2018Merry Christmas from UpTrader team
UpTrader team wishes all our clients, colleagues and partners a Merry Christmas and Happy New Year! May all your financial businesses prosper and all solutions that we deliver meet your needs and needs of your clients.
Have joyful holidays and stay tuned for the UpTrader releases and news in a year to come!
13.12.2018UpTrader CEO Vasily Alexeev joins Blockchain Expert Committee at the Financial Commission
We’re pleased to announce that on November 30th, the Financial Commission (an independent Forex regulator) appointed UpTrader CEO Vasily Alexeev to its Blockchain Expert Committee. This body’s main area of activity lies in developing and promoting self-regulation rules for companies that provide digital currency trading services.
The organizers of Blockchain Expert Committee have recognized Vasily’s many years of experience in fintech projects, including as the head of UpTrader. Another important distinction taken into account is Vasily’s valuable input into Serenity’s ICO and the launch of Escrow. As the company’s adviser and, later, CTO, he effectively worked on the tech lead-up to the ICO and the development of Serenity Escrow.
All members of the Blockchain Committee possess deep knowledge of the subject. Alongside Vasily, the Committee includes Ibinex founder Simon Grunfield (development of software for cryptocurrency exchanges), Etheralabs founder Bryan Feinberg (development and implementation of blockchain projects), the founder and CEO of Tools4Brokers Aleksey Kutsenko, Rambler&Co business development director Dmitri Turkevich and others.
26.11.2018UpTrader team to attend BlockShow Asia 2018 and other industry events in Singapore
Representatives of UpTrder will attend United Conference of Internet Money (November 26th–27th), The Future of Token Economy (November 30th), as well as a major blockchain-related event BlockShow Asia 2018 in Singapore (November 28th–29th).
The members of UpTrader team will welcome visitors at the company’s booth at BlockShow Asia. Visit it to learn more about our products: CRM, cryprocurrency exchange with features of scaling and liquidity aggregation, ICO software (Ethereum-based smart contracts, ERC20 tokens, payment processing in BTC, ETH, other altcoins and fiat currencies, web design and marketing support).
One of BlockShow Asia’s organizers is an independent crpyptocurrency portal Cointelegraph. The event is expected to host over three thousand visitors from all over the world. BlockShow will include an expo where blockchain companies will hold discussions, meet-ups and workshops.
We’ll be glad to see you on at our booth K1 on November 28th–29th.
Expo address: Marina Bay Sands, 10 Bayfront Ave, Singapore 018956
Schedule: November 28th, 9:00 AM–6:00 PM and November 29th, 11:00 AM–3:30 PM.
05.06.2018UpTrader presented new product line for ICO at iFX Expo Cyprus 2018
From May 22nd to 24th, UpTrader has been participating in iFX Expo Cyprus 2018. The world’s largest financial expo is held annually in Cyprus and Hong Kong.
Here are some of the expo’s results.
Vasily Alexeev, UpTrader CEO:
«At iFX Expo 2018 UpTrader team continued to promote their traditional Forex brokerage services and a new lineup of ICO-related products, including marketing support of ICOs, ERC20 smart-contract creation and token holder's area. UpTrader also unveiled their new Cryptocurrency Exchange White Label product, which will be available for purchase beginning with July 2018».
iFX Expo in numbers
According to the organizer’s estimates, iFX Expo Cyprus 2018 has gathered 1,000 participants and 30,000 visitors.
16.05.2018Meet UpTrader at iFX Expo Cyprus
From May 23nd to May 24th UpTrader will be participating in iFX Expo Cyprus in Limassol.
At the expo, we will present our most recent offerings, among them is our new cloud-based client management system for brokerages and ICO products.
During all days of the expo, we’ll be looking forward to seeing you at booth #54, where we’ll gladly answer all your questions about our products.
On the 24th of May from 1:15 PM to 1:45 PM, UpTrader CEO Vasily Alexeev and CBDO Denis Kulagin will talk about technical aspects of running a successful ICO.
What is iFX Expo
iFX Expo is the world’s largest b2b expo. It’s been held since 2012. UpTrader regularly takes part in iFX expos. This year’s event has already attracted 170 participants and over 4000 visitors.
Where and when is the expo
Address: Venue: Spyros Kyprianou Centre, Polemidia, Limassol.
Working hours of the exhibition: May 23rd from 9:00 AM to 9:00 PM and May 24th from 10:00 AM to 5:30 PM (local time).
Learn more details at iFX Expo Cyprus website.
27.03.2018UpTrader at Asia Trading Summit 2018
On the 22nd and 23rd of March, UpTrader took part in Asia Trading Summit in Shanghai.
Asia Trading Summit is organized by a major finance publication Finance Magnates. According to the host’s estimates, the summit attracted over 5,000 visitors, 70 participants and 20 speakers.
Vasily Alexeev, UpTrader CEO:
“At Asia Trading Summit we presented our latest products, complex solutions for ICO launch. Also, we had the chance to exchange experience with other industry professionals and receive valuable feedback, which we will use to improve our services.”
19.01.2018UpTrader will present Serenity project at iFX Asia
On the 24th and 25th of January UpTrader will be participating in iFX Asia expo in Hong Kong. iFX Asia is the world’s biggest financial b2b expo.
At the expo, we will present our most recent offerings, among them is our new cloud-based client management system for brokerages and cryptocurrency-related products.
Vasily Alexeev, CEO UpTrader will present Serenity project which starts an ICO on January 25th. Serenity is the first escrow blockchain-based platform for financial and cryptocurrency markets. UpTrader provides all software for the project: website, smart-contract, token holder’s account system and a prototype version of the platform.
We’ll be waiting for you at the booth #20.
Visit our workshop at 12:30 p.m.!
Businesses that are planning to launch an ICO or are interested in this topic will be welcome at the workshop of Vasily Alexeev, CEO UpTrader and Denis Kulagin, CEO Serenity. They will talk about the challenges they came across while launching the ICO and how they solved them.
Working hours of the exhibition: January 24th 10AM–5PM, January 25th 10AM–4PM.
Address: Hong Kong Convention Centre 1 Expo Dr, Wan Chai, Hong Kong.
Learn more details at iFX Asia website.
See you in Hong Kong!
20.12.2017UpTrader confirms FinaCom certification
On December 4th, 2017, UpTrader and FinaCom decided to prolong their partnership for one more year. UpTrader became a member of FinaCom, a dispute resolution commission on Forex and a technology certification expert, in March 2017.
What is FinaCom
FinaCom, or Financial Commission, is an independent international dispute resolution committee dedicated to Forex market. FinaCom investigates the claims of traders and brokers and acts as a neutral party in disputes. Also, FinaCom certifies technology providers, educational services and ICO projects.
Why it’s important for us and our clients
Financial Commission unites technology providers that make the quality of their services their top priority and are always open to dialogue with clients. By joining Financial Commission a company confirms that it is ready to uphold the accepted standards.
FinaCom certification procedure includes a complex technology analysis, which is focused on order execution on the platform as a matter of priority. The experts evaluate security, execution, performance, emergency recovery system, report system and other properties.
FinaCom membership means that the company provides reliable technology that meets the highest standards.
10.11.2017Come to Finance Magnates London Summit on the 15th of November
On the 15th of November, UpTrader team will participate in Finance Magnates London Summit ‘17. At the expo, we’ll present our latest developments.
The event will gather more than 2000 financial industry players: brokers, developers, banks, hedge funds and start-ups.
Our team will be receiving guests at the booth №2.
Expo address: 1 Old Billingsgate Walk, London.
The expo is open from 9:00 AM to 6:15 PM. Learn the details on the Finance Magnates London Summit website.
We look forward to seeing you in London!
14.09.2017UpTrader received Best Financial Software Provider 2017 award
On the 8th of September UpTrader, together with our friends from Grand Capital, participated in Finance Industry Expo in Xi'an, one of China's largest financial expos. During the expo's award ceremony, UpTrader received Best Financial Software Provider 2017 award.
Vasily Alexeev, UpTrader СЕО:
"A lot of our clients are from China, we developed all technology modules for them and integrated them with their own systems. We were invited to participate in this forum and to be honest our team was excited to receive the award for the best financial software provider. We intend to maintain our quality bar of our products and hope to engage in new interesting collaborations with our Chinese partners."
Denis Kulagin was representing UpTrader at the expo's forum, in his speech he addressed the topic of modern IT in the financial sphere.
We'll be going to more expos soon, follow our news!
08.06.2017UpTrader at iFX Expo International 2017
On the 24-25th of May, Limassol Palais des Sports welcomed exhibitors and attendees of the 11th iFX Expo, one of the major events of the financial industry. 2017 is the 6th consecutive year for the biannual business to business event that is traditionally held in Hong Kong and Cyprus.
Each year the event attracts industry professionals, including representatives of Forex and Binary Options brokers, liquidity providers, payment systems and software developers. This year became the third one for UpTrader to exhibit at the iFX expo and the second consecutive year to come to the Cyprus event.
Vasily Alexeev, CEO UpTrader:
“Cyprus iFX Expo is undoubtedly the central yearly event for the Forex industry, and we were pleased to attend it once again. This year’s Expo was even more prolific than in 2016, there were even more attendees and exhibitors, and it’s no surprise that we’ve had a lot of very productive meetings. For us it’s vital to take part in such events, since we always need to be sure that we are on the same page with the market, we need to know what’s going on in the industry in general. This enables us to provide our clients with state-of-the-art products which are in line with the current trends and tendencies.”
This year iFX International was attended by nearly 3000 industry professionals.107 companies exhibited their products and services.
18.05.2017Come to iFX Expo Cyprus on the 24th and 25th of March
iFX Expo will take place in Limassol, Cyprus on the 24th and 25th of March. UpTrader will participate in the expo as an exhibitor and will showcase all the company’s development. Currently the product line is expanded by the new developments for brokerage companies that use MT5 platform.
Vasily Alexeev, UpTrader CEO:
«Currently our company offers turnkey products for MT4 and MT5 brokers. It’s Member’s Area, CRM, Binary Options, integration with more than 30 payment systems, automated partnership and marketing programs. In addition, we provide custom-made products for startup brokers and those already on the market».
Come and visit UpTrader’s booth #23 to learn more about the company’s products and talk to our managers.
Our partners from Grand Capital, an international broker that offers various profitable partnership options, will also participate in the Expo and will be ready to meet new IBs and discuss marketing promotions.
Expo address: Spyros Kyprianou Centre, Polemidia, Limassol 3080, Cyprus. For more detailed information, visit iFX Expo website.
We’ll be happy to see you!
27.03.2017UpTrader certified by FinCom
March 27, 2017, The Financial Commission, an independent financial services intermediary organization, announced the successful certification of brokerage technology provided by UpTrader.
The Financial Commission established a comprehensive list of points to verify including system security, capacity, business disaster recovery and a continuity plan, as well as reporting and record keeping, among other fields deemed important to certify.
Peter Tatarnikov, the chairman of FinaCom:
«UpTrader’s web solutions for brokerages are the latest technology certified by the Financial Commission. Today we gladly announce successful certification of UpTrader’s brokerage technology and believe it is a great step to leverage its credibility and grow its business globally».
The Financial Commission is an external dispute resolution (EDR) organization in the financial field. In order to help companies provide quality services for traders, FinaCom conducts certification of trading platforms and technology products.
27.02.2017UpTrader at iFX Expo Asia 2017
UpTrader at iFX Expo Asia 2017
UpTrader participated in iFX Expo in Hong Kong on the 22th and 23th of February.
The expo attracted 2700 visitors from 70 countries and nearly 80 participating companies: brokers, liquidity providers and software developers.
Vasily Alexeev, UpTrader CEO:
«China is an interesting and promising market. That’s why companies from all over the world came to iFX Expo Asia. Participants and visitors showed great interest in the new developments. In particular, we conducted important negotiations with MetaQuotes company which is interested right now in promoting MetaTrader 5 platform».
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A few words about us
UpTrader is a team with over 10 years of experience in fintech that helps create and upscale brokerage businesses with software and flexible customization of the most popular trading platforms.
Over 30 products and cloud solutions by UpTrader can meet all demands of a Forex company: from creating a broker from scratch to getting more clients and optimizing the business processes. UpTrader offers comprehensive solutions for conquering the financial markets.
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With UpTrader, we have taken our partnership programs to the next level technologically, this allowed us to have full control over the fees of our partners.
Besides, AM Broker and UpTrader have created a new bonus system for active traders of the beginner, medium and professional levels.
We plan to continue working with UpTrader to customize other tools important to businesses and traders.