Company news

We are pleased to announce that the UpTrader website is now available in Arabic. This recent development aims to provide a more user-friendly experience for our clients in the East, as we continually strive to adapt our services to meet the diverse needs of our global clientele.

UpTrader has already translated its website into several languages, including Chinese, Vietnamese, and Thai. This expansion into the Arabic-speaking market reflects our ongoing commitment to inclusivity and user accessibility.

"By making our website available in multiple languages, we aim to provide a more personalized and convenient experience for our business partners," says the UpTrader team.

The company is already planning to launch more language versions in the near future, as our clients hail from all corners of the world and our geographic reach has been expanding each month.

Stay tuned for more updates as UpTrader continues its global expansion.

Brokers who are using the cTrader trading platform now have access to four types of bonuses, all designed within the UpTrader CRM system. Therefore brokers can set up trading bonuses in order to attract new clients or encourage existing traders to trade more.

1. Deposit Bonus: This is a well-liked bonus type as it's created to incentivize those who make deposits into their accounts. It's a win-win situation - clients get more perks and trading possibilities, while brokers secure a client ready to trade. The broker typically determines the conditions and the bonus amount, such as adding 50% to the deposit amount for deposits ranging from $50 to $10,000. Brokers can set the terms for converting the bonus funds into cash for withdrawal in the 'conversion' field.
2. Monthly Interest: This bonus type is also popular as it promotes client loyalty and encourages them to maintain a higher account balance as it becomes more profitable. For instance, a broker can set a required minimum account balance for a specific day of the month. If the requirement is met, a client receives a bonus on their balance. The CRM also sets the conditions for cashing in the bonus.
3. Welcome Bonus: This bonus can only be received once by a client. It's a common strategy to drive traffic. Offering free money is an effective way to draw substantial, cost-effective traffic, but whether this traffic can be turned into clients is another story.
4. Manual Bonus: The standout feature of a manual bonus is its flexibility. A manager can give it away as they see fit, without any predefined conditions. It's a valuable sales tool and often proves helpful in the moment.

To activate these, simply navigate to CRM Admin, select bonus settings, and fill out the description and condition fields for each bonus.

Read more about White Label cTrader here.

If you have any questions, feel free to reach out to us through live chat or our ticket system. We're here to help!

Apple has recently tightened the regulations for apps that facilitate trading with Contracts for Difference (CFDs). If you're planning to launch your app on the iOS platform, you are now required to have licenses that authorize CFD provision in every region where you intend to distribute your app. Simply put, without these licenses, your trading app won't pass the Apple App Store's scrutiny and will not be allowed to publish.

However, there's a workaround to this issue. The cross-broker app cTrader for iOS lets you continue to serve your clients across the globe. This solution is unbranded and completely free if you're using White Label cTrader. If you're interested in offering a branded app to your customers, there's a one-time fee of $2000 after which you will have your very own mobile trading app customized with your brand.

There are several advantages to this solution. Firstly, you'll have the flexibility of both branded and unbranded versions. In regions where you don't hold a license, your clients can still access the unbranded version in the App Store. In areas where you're licensed, the app will bear your logo. Plus, your branded app will always be visible to traders on Google Play. Lastly, you can also offer a downloadable version directly on your website.

Should you need further information, feel free to reach out to our support team via online chat or at [email protected].

The Local Payment Agent (LPA) is a payment method primarily used in Africa and Asia, as well as in countries where customers face challenges accessing electronic payment systems. In such cases, some individuals in these countries may act as LPAs. For instance, an LPA may accept funds from customers into their local bank account, transfer the funds to a payment system such as Visa or Mastercard, and then credit the broker's account from where the funds are transferred to the customers' trading accounts through internal transfers. Once the customer has traded, they would use the same method to withdraw funds - by internal transfer to the LPA account at the broker, and then the LPA would transfer the funds to the customer using a local payment method.

To enable the Local Payment Agent function for a broker, they need to access the Admin Module in UpTrader CRM, select Payment System in the left sidebar, and then Local Payment Agent. The broker would then upload Agreements that their future LPAs must sign.

To become a payment agent, one needs to select the Local Payment Agent tab from the UpTrader CRM Back Office module, choose the user they wish to make an agent, and specify the terms of work: commission percentage for deposits and withdrawals, the countries they will operate in, and the currency for receiving payments. It is also important to add a description - an instruction for deposits and withdrawals that customers can use when working with the broker. Finally, Agreements must be signed. Afterwards, clients from the countries you specified will be able to see your Local Payment Method in the list of ways to fund their trading account.

If you need assistance or additional explanations, please contact our support team via our live chat or ticket system.

As a forex solution provider, we have been receiving a lot of requests for MetaTrader White Label. However, despite the announcement from MetaQuotes about their comeback to the App Store, they still suspend selling White Labels. Therefore, we strongly recommend that new brokers take a look at the new-generation trading platform, cTrader. It is a perfect solution.

In light of this, new brokers are better off not spending time seeking MetaTrader White Label, as it is virtually impossible to purchase it. Instead, they should consider cTrader – the new generation trading platform that offers numerous advantages, especially when compared to White Label cTrader.

cTrader advantages

One of the main reasons new brokers should opt for cTrader is its accessibility. While acquiring a MetaTrader White Label has become impossible due to MetaQuotes' strict policies, cTrader is readily available for purchase, allowing brokers to focus on growing their business rather than navigating the intricacies of obtaining White Label MT.

cTrader also provides a more transparent and compliant platform. Its commitment to maintaining order execution transparency ensures that the platform adheres to regulatory requirements, thereby providing a safer and more reliable trading environment for brokers and their clients. In comparison, MetaTrader's lack of transparency in order execution leaves more room for manipulation, which could potentially jeopardize a broker's reputation and business.

Another advantage of cTrader over MetaTrader White Label is its modern and user-friendly interface. The platform's sleek design, along with its two popular themes (dark and light), appeals to traders of all experience levels. Moreover, cTrader's graphical features, account management tools, testing capabilities, and technical indicators can easily compete with those of MetaTrader, making it an attractive alternative for new brokers.

Compliance process

Furthermore, cTrader offers a more streamlined compliance process, as it controls brokerage activities within the platform itself, including trade recording and order execution transparency. This allows them to welcome anyone without taking on any unnecessary risks. In contrast, MetaQuotes' stringent compliance process can make acquiring their White Label product nearly impossible, as customers are required to have the correct jurisdiction, bank accounts, and other legal details in place.

In addition to these benefits, cTrader's continuous innovation and development efforts ensure that the platform stays up-to-date with the latest industry trends and technological advancements. This positions new brokers for success, as they can leverage the platform's cutting-edge features to stay competitive in the rapidly-evolving forex market.

In conclusion, new brokers should prioritize cTrader over MetaTrader White Label, as it offers a more accessible, compliant, and user-friendly trading platform. By choosing cTrader, brokers can avoid the challenges associated with acquiring MetaTrader White Label, and instead focus on growing their business and providing a superior trading experience for their clients.

We have compared cTrader and MetaTrader for you here.

To learn more, contact us through our live chat.

Forex leverage is a common tool used by traders to increase their potential profit or loss from a trade. Leverage allows traders to open positions with a much larger amount of money than they actually have in their trading account. This is made possible by borrowing funds from the broker and using them to open positions.

It's important to note that while leverage can increase potential profits, it can also amplify losses. This is because the larger the position size, the greater the impact of price movements on the trader's account balance. As such, traders should use caution when using leverage and ensure they have a solid risk management strategy in place.

What leverage size UpTrader offers to its clients?

There are two models which brokers choose: a-book and b-book. We explained in details which model is better in our recent article. Using B-book brokers can set any leverage for their clients such as 1:1000 or 1:5000 or more, but on an A-book, the leverage will always be not higher than 1:100. For brokers this means that if a broker offers higher leverage on a b-book, they will be responsible for covering any losses incurred by their clients. For example, if a broker sets a leverage of 1:200 on a b-book, they would need to have a deposit on the a-book that is twice the size of their clients' deposits in order to cover potential losses.

"The exact leverage that a forex broker can set may vary depending on the instrument being traded. For example, some brokers may offer lower leverage on certain instruments, such as exotic currency pairs or commodities. At our company, you can trade over 100 forex pairs with a leverage of 1:100. In addition to Forex, our clients can trade spot metals with a leverage of 1:100, indices and spot energy with a leverage of 1:50. To learn more, connect with us through our live chat.