New 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.
Every new player in the brokerage business inevitably faces the need to obtain a license, since Forex trading comes with special regulations. No need for panic: the process of applying for and obtaining a Forex license is not as scary as it might seem at first glance. Where to begin with getting a license, how to choose a suitable jurisdiction and how much it will cost you — let’s find out right now.
Forex is a very competitive and demanding industry. The right choice of jurisdiction for obtaining a license is one of the key factors that will determine the success of your company, so it must be approached very carefully. Before settling upon a particular region, you need to see which jurisdictions offer the best conditions for doing business, as well as consider the psychology of your future clients.
First thing to remember is that there is no simple path that will magically lead you to become a licensed broker. Legal and regulatory responsibility requires doing a lot of paperwork and signing agreements, but the payback is definitely worth it.
If you want to make your life easier, we are ready to help you with the most common challenges, such as registering a business and choosing a jurisdiction. Depending on the countries you plan to work in, what financial risks you are willing to bear, and what type of broker you want to launch, we will choose the regulator that will not be a hindrance to your operation. UpTrader provides a full range of legal services both as a standalone package, and as part of White Label Meta Trader 4 and Meta Trader 5 offerings.
There are 2 main options: offshore or European licensing. Let's take a closer look at both of them.
Offshore licensing are the most common and simplest option in the business. It is popular due to its low cost and fast registration. On average, obtaining an offshore license will cost you $20,000 and will take about 2.5–3 months. Among other benefits, doing business in an offshore jurisdiction allows optimizing the tax burden.
The main advantages of having offshore companies:
support of foreign businessmen at all levels
All these advantages provide good business opportunities. You will protect your company not only from liquidation attempts, but also against illegal claims.
Unfortunately, not everything is so simple. There are drawbacks to registering an offshore company. For example, the restrictions on the part of many countries. Some states, such as the USA and EU countties, put companies that are registered in such regions under more thorough scrutiny, which will slow down your ability to fulfill financial obligations.
Here are the most convenient zones for doing business related to financial services:
1. Belize is an offshore zone with a stable economy and financia sector, which is advantageous for registering a foreign company, including the brokerage niche.
2. Vanuatu is a great place to start a Forex company due to its simple requirements and tax incentives.
3. The British Virgin Islands (BVI), Mauritius, and the Bahamas are popular because of the low taxes, which also applies to licensed activities.
4. Saint Vincent and the Grenadines (SVG) is one of the most confidential business jurisdictions.
A European financial license for your business will undoubtedly ensure a solid reputation and credibility. Clearly, it won’t be cheap (at least $50,000 for the registration), you still have to deposit funds into a bank account for your company's authorized capital. Registration of a company and obtaining a license will take about a year. In European jurisdictions, there are strict accounting and reporting regulations, as well as a local office is also a requirement. Among the Western jurisdictions, New Zealand and Cyprus are the most favorable in terms of taxation, the cost of setting up a company and registration in general. The cost of a license here starts from about $35,000.
As we have already mentioned, when choosing a jurisdiction, it is very important to take into account the region your company’s activities will be focused on, as well as how important it is for potential clients to deal specifically with the European jurisdiction. The key is to determine in which bank you would like to open an account for your company. The reputation of the bank is in direct ratio totrust of your future clients . For example, it is almost impossible to open an account in a prestigious European bank for a company registered in Belize.
Criteria for choosing a jurisdiction
We have already considered the distinctive features and differences of obtaining licenses in offshore and European jurisdictions. Here is some practical advice on choosing the right jurisdiction for your business.
1. First of all, pay attention to the registration costs. In some countries, the registration process is quite simple and doesn’t take much time, therefore registration fees and requirements are low.
2. The second point to pay attention to is the conditions of obtaining a brokerage license. The cost of such a license can be quite high, and the time it takes to obtain it varies from a couple of weeks to a year. In some offshore jurisdictions, the activity of Forex brokers isn’t legally regulated, so brokers must make an important decision for themselves whether to do business in countries with a weak legal field, given that this may be negatively perceived by partners, investors, clients, and banks.
3. Political stability in the country also plays an important role. You need to make sure that your chosen zone has a strong legal system, transparent economic policies, and a stable currency without restrictions on investment repatriation. Business processes can be influenced by various political factors, for example, the risk of a new government coming to power and tax relief due to international political pressure.
4. Don’t forget about the peculiarities of the tax regime. Some offshore jurisdictions have lower tax rates, and there are also zones with zero taxation status. However, tax exemption is not always the deciding factor.
Finally, we should mention the meaning of the blacklist. This list is regularly updated by the Financial Action Task Force on Money Laundering (FATF). It includes a list of jurisdictions that are not considered for cooperation in the global fight against money laundering and terrorist financing.
Contact us at https://uptrader.io/
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.
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]
Subscribe to news
By clicking this button, you agree to our processing of your personal data