UpTrader launches a flexible management system for partnership programs

09.12.2019

 

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.

Multilevel partnership

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.
 

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