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.”
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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.
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].
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/
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