Company news

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,

UpTrader

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

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).

Deposit Bonus

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.

Compensation Bonus

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.

Monthly Bonus

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.

Manual Bonus

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!

Request a demo-version of UpTrader CRM

Today, financial technology is moving forward at an exponential rate. In the highly competitive environment of Forex, it’s vitally important to follow the trends and promptly adopt new technology as it appears. The end of the year is a good time to make sure you’re up to date with the latest tools that can make your company stand out among competitors and bring as many new clients as possible.

In 2019, we completely updated UpTrader’s product line. As we approach the new decade, take a look at a set of innovations developed by UpTrader that can fundamentally transform a brokerage business and put it above the competitors. Do you have the definitive kit of a modern Forex broker in 2020?

Your entire business in one platform: UpTrader CRM 2.0

We know how important it is for brokers to see the big picture regarding both clients and partners. Thanks to the 2019 upgrades, our brokers can control the conditions of multilevel partner networks and see client trading analytics. The platform is easy to use and encompasses all business processes, it includes three interfaces: client area, back office and admin panel. Early next year, the ecosystem will be expanded by a mobile app for account management and trading.

Bringing liquidity to a new level with AMTS solutions

The quality of liquidity you provide may account for half of your success. In 2019, UpTrader struck a partnership with AMTS Solutions, and now our brokers can enjoy the aggregation of liquidity from an unlimited number of providers. This brings order execution to a new level and allows for a more flexible risk management system. A perfect choice for those who look for a high-quality flow with tight spreads and better order execution.

RAMM: bring all kinds of traders together

Business growth requires a constant influx of new clients while attracting traders and investors can be very difficult without a copy trading service. Make trading easier for beginners and encourage professionals to trade more actively with a new-generation copy trading system RAMM (Risk Allocation & Money Management) by RAMM.TECH. Unlike similar services, it doesn’t put any load on the trading platform server and ensures the high accuracy of copying.

Starting a brokerage firm is now even easier

The year 2020 promises to be a year of customization and turnkey branding. However, it’s still possible to get many advantages of classic trading platforms in a simpler package to meet a modest budget. Earlier this year, we upgraded UpTrader’s web terminal that is already in use by several large brokers. The new software allows launching a full-fledged broker just in a few days.

What’s in store for brokers in 2020?

The year ahead doesn’t promise to be any less interesting or intense. We’re looking forward to continue developing the ecosystem of UpTrader CRM.

The CRM system will be expanded to include such features as voice over IP, an enhanced section for sales departments, and a new email delivery system.

Clients will be able to access their accounts in a new mobile app.

Follow us on Facebook and Medium and be the first to learn about our latest updates. Build your business together with us at the forefront of the industry!

Kind regards,
Vasily Alexeev, UpTrader CEO
 

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.
 

Central Bank of Russia and state financial watchdog Rosfinmonitoring are preparing an initiative to ban cryptocurrencies as a means of payment in Russia. In a conversation with Deventer.org, Uptrader CEO Vasily Alexeev talked about the possible ramifications of the new legislation for fintech companies and cryptocurrency holders.

If the matter goes beyond words, this bill may join the list of other legislative initiatives of recent years that are strict, yet technically unfeasible.

Currently, all cryptocurrency transactions are already conducted in the informal economy: they cannot possibly be taxed since Russian law doesn’t recognize cryptocurrency as an asset. Moreover, it’s fundamentally impossible to learn who, when, and what for made a payment in Bitcoin, not to mention who owns what wallet.

It’s important to understand that to create a cryptocurrency wallet, it’s enough to generate 12 random words using special software. Access details to such a wallet exist only in your head, and no one can prove that you have them, while you still can receive funds and, if necessary, send them using these 12 words.

Right now, Russian companies operating within the legal framework that accept cryptocurrency do it through foreign intermediaries who receive cryptocurrency on their wallets and sent fiat money to the companies. In all likelihood, this arrangement will remain legal.

And even if the bill is worded in such a way as to ban this, it would hardly be a devastating blow for these companies, since in this case, they lose only a small fraction of their payments. Companies that cannot operate legally are a different matter: for instance, online casinos, or pirated content websites. Cryptocurrency payments may make up a substantial part of their income. However, they already have nothing to lose: breaking one more law won’t change anything.

Read full article