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07.06.2021Finance magnates publishes an interview with Vasily Alexeev, CEO UpTrader, about new investment service
The biggest fintech portal Finance Magnates just published an interview with Vasily Alexeev, CEO UpTrader, about a new investment service for Forex brokers launched last month. The service combines the most popular technologies (MAM, PAMM, LAMM). What advantages does UpTrader offer to the market?
Read on Finance Magnates
These are the questions that we asked Vasily Alexeev, the CTO and CEO of UpTrader. In April, his company announced the launch of its investment service UpTrader Invest.
You’ve just announced the launch of UpTrader Invest. What are the innovations that your solution brings to the table?
We get a lot of requests for investment services. Someone wants PAMM, others ask for MAM, or social trading. In fact, many don’t see the difference between them, and the truth is, the difference is really minor.
And if we pay attention, we’ll see what the client is really saying: we want a stable and reliable service with flexible settings, and we need it live tomorrow.
So we didn’t create a new technology, we just reimagined what’s already out there on the market and offered a new combination. UpTrader Invest is an investment service with a simple interface and flexible settings. Another hallmark is the high degree of stability.
You’re putting a lot of emphasis on stability. Is the situation bad now?
The thing is, many similar services have a common problem—they lose trades, it’s inevitable with external connection to the trading platform MetaTrader 4—that’s the way most of these solutions operate.
UpTrader Invest works in the MT4 core directly, which not only ensures the maximum speed of operation, but also prevents the loss of trades.
UpTrader Invest—is it more than just MAM, PAMM, and social trading?
Let’s clear up the terminology first.
MAM stands for Multi Account Management. This means that there’s one common account used by the trader, while the investors’ accounts are indicative. This scheme allows for a more effective hedging of the strategy’s general position, i.e. moving to A-book.
PAMM stands for Percent Allocation Management Module, basically the same as MAM.
Social trading, or copy trading, is essentially the same as MAM, the difference being that the trader operates not in a common account, but in their own one, while the trades are being copied to the connected accounts of investors.
We offer all three modes of operation. MAM is the standard mode. PAMM is the same as MAM, only investors can’t see the trades.
And the social trading (copy trading) mode—the manager only trades with their personal funds in their own account, the other accounts simply receive copied trades.
A broker can pick any mode it prefers, or enable all three simultaneously.
Is UpTrader Invest a standalone entity, or a part of your CRM?
UpTrader CRM was designed as a single control room for the broker on one side and for the client on the other. We create simple and succinct interfaces for the easy management of complex things.
We make an effort to spare our users unnecessary clicks, switching between windows, log-ins. That’s why all new UpTrader products are always integrated into CRM.
However, if someone wants to buy this particular service as a standalone, we can provide the API, and the customer will be able to design their own interface, expand the plug-in the way they want, and connect it to their MetaTrader 4 on their own.
What instruments are there to trade for a manager in investment accounts?
Anything available in MT4. For example, if a broker buys a White Label from UpTrader, their clients get access to over 500 instruments: currencies, cryptocurrencies, spot metals, CFDs on futures, stocks, indices, bonds.
Where and how can a client follow the account operations and manage trades?
Managing trades—no, investors can’t influence trades at all. Investors can connect or disconnect, deposit or withdraw, but that’s it. Everything that goes on in their accounts can be tracked using any available MetaTrader interface: in the mobile or desktop app, web terminal. And, of course, in our CRM.
How to choose a manager, connect/disconnect a strategy?
An investor can choose a strategy from the list based on the profit history. They also see the manager’s preferred trading instruments. Then, they submit an investment request, which the manager accepts or rejects. The manager can also opt to accept all investments automatically.
There are several ways of disconnecting from a strategy, it depends on the account settings: immediately, on approval, or on rollover, i.e. on schedule.
What are the profit distribution options available in the service?
The manager has three reward plans that can be selected in the settings: payouts per the manager’s trading volume, percentage of profit generated in a period determined by the manager, high watermark: payment only when investor’s profits reach a new high.
What’s the earning scheme for the broker?
There are no restrictions for brokers on how they want to make money in this service. It can be any existing arrangement—spreads, fees. The service works with any variations of A-book/B-book.
No restrictions on the partnership program, partners receive rewards automatically for the clients they bring to the investment service.
How fast can the service be integrated? Is there a trial period?
Integration can be done at the speed of light—a client gets a fully functioning service in one day. Of course, customers can take it for a test run before making a purchase, we offer a trial period.
27.05.2021A little summary of the iFxExpo 2021
After visiting iFXExpo Dubai, we can confidently say that everything is in order on the forex market.
We are not going to talk about the joy of live meetings after a long break, since almost everyone has already written about it. And what else can we say, we completely agree that no Zoom can be compared with personal interaction. The entire UpTrader team noted that the demand for brokerage software has grown very much over the past year and a half, CRM becoming the favorite UpTrader product. Deals were made right at the booth. Customers paid in cash!
Also, future and current brokers were interested in payment systems, which should come as no surprise given the continuing restrictions on banks' work with unlicensed brokers.
Of the interesting anti-trends, one can note the loss of interest in crypto projects. Even if you remember the 2019 iFXExpo exhibition on Cyprus, when ICOs were already almost a thing of the past, crypto projects still aroused keen interest. Now everyone is interested in rather routine classic things like White Labels on MT4, MT5, Investment services, CRM, Licenses, liquidity for working in the Forex and CFD market. The hype settled down, the market returned to the classic financial business.
25.04.2021UpTrader website gets localization in three Asian languages
Brokerage software has always been in high demand in the Asia-Pacific region, and even in the times of the pandemic, the number of requests has only gone up.
We’re making an effort to speak the same language with our clients, literally. As we secure our presence on the new markets, we adapt our products to the local languages.
Today, we’re proud to announce that the UpTrader website is available in three new languages: Thai, Vietnamese, and Chinese.
Meanwhile, UpTrader CRM is available in Arabic, English, French, Italian, Russian, Thai, and Vietnamese.
12.04.2021UpTrader launches a new investment service
Today, April 12th, marks the completion of the final testing stage of our new product—the investment service UpTrader Invest—and now it’s available to customers. Integration of the platform into a brokerage business takes just one day. Currently, the service only works with MT4, but the MT5 version is planned next.
UpTrader Invest is a plug-in for MT4 based on the technologies of PAMM, MAM, and social trading. It allows investors of any level of expertise to immediately start investing and generating profits from Forex trading. The hallmark of the new platform is its userfriendly interface for all three parties: brokers, investment account managers, and investors. Flexible settings allow selecting between profit distribution systems and managing risks.
Vasily Alexeev, UpTrader CEO
“We often receive requests for PAMM, sometimes LAMM and MAM. When we try to understand why they want one particular product or another, we realize that the most don’t see any difference between them. For example, PAMM is much more widely known than the others, so it gets requested more often, despite it being mostly the same as MAM. Essentially, these three are the same platform under different brands, they’re based on a very similar principle of operation. We’ve long understood: when a client asks for an investment service, they just want a simple and reliable instrument for their clients, and the terminology isn’t important. What’s important, though, is that the service must be easy and comfortable to use. That’s why we have combined the most popular settings of PAMM, MAM, and social trading, designed a simple interface, and paid special attention to stability: the dangers of lost connection or inaccurate copying of trades are eliminated. Our investment service is already integrated into UpTrader CRM. This means that by buying our CRM, a broker immediately receives a great instrument that can start bringing profits as early as the next day.”
Key features of UpTrader Invest:
—There are no restrictions for brokers concerning the way they want to generate profits using this service. Any scheme already used by the broker will suit: spreads, fees. The service works with any variations of A-book and B-book. In addition, A-book brokers will be able to hedge their risk more effectively when working in MAM or PAMM mode.
—No restrictions for partnership programs. If a partner brings new clients with investment accounts, the partner reward will be paid out automatically.
—There are three reward schemes for the manager available in the settings: payment per the manager’s trading volume, percentage of profits generated in a certain time period set by the manager, high watermark—payment only for the difference in balance (only when the value is positive).
—When choosing a manager in the client interface, investors see their history of profit, preferred trading instruments, reward scheme, and, of course, options of backing out from the strategy, there are three of them: immediate exit, exit after the manager’s approval, exit with rollovers. All further information is available to investors in real time in their client interface, in MetaTrader 4 mobile app, or in the web/desktop terminal.
Get more detailed information on the service and request a trial: [email protected]
19.03.2021UpTrader at iFX EXPO Dubai 2021
Finally, a live Expo! With 2020 behind us, the world is slowly starting to return to business as usual.
During the last year, we at UpTrader have really longed for another big expo, and now we’re proud to take part in the first iFX EXPO since 2019.
Come see us in Dubai at May 19-20, 2021! There will be two full expo days, and we’ll be waiting for you at our booth #49.
Get your tickets now at https://ifxexpo.com/dubai/
You can book an appointment with us by using the “Contact us” form on our website or via email [email protected]
See you there!
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 to 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!
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19.05.2021 / 20.05.2021iFX EXPO Dubai 2021
03.07.2020 / 03.07.2020Live Webinar "Launch your forex business in two weeks"
03.06.2020 / 03.06.2020Webinar "Launching a Forex Broker"
10.06.2020 / 11.06.2020Virtual Vision Finance
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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.