RAMM copy trading platform is now available to UpTrader clients
UpTrader launched integration of a new generation copy trading system - RAMM-accounts. The service will help brokers to increase trading volumes by attracting new clients and traders.
In recent years, copy trading increased dramatically in its popularity among all the participants of Forex community, so for brokerage, such services became their way into the mass audience. However, seeking to satisfy their clients’ inquiries, brokers inevitably deal with deficiencies of the platforms.
First, brokerage firms integrating popular copy trading services to their platforms face difficulties in attracting traders. A service can stand idle for months while the company negotiates with traders trying to lure them away from rival brokers in order to provide clients with a large choice of strategies.
Second, heavy plugins for copy trading on MT4 frequently conflict with other applications responsible for the steady work of a server. Thus, the deals duplicating process results in breakdowns of brokerage platforms.
In addition, brokers often have to develop their own interface and a range of tools for particular investing services, which delays its launch.
Since July 2019 UpTrader provides a new generation model of investment – RAMM (Risk Allocation & Money Management) by IT-company RAMMFX. The developers have successfully overcome the above-mentioned shortcomings of copy trading services.
Contrary to the competing systems, RAMM allows sharing strategies of traders from other brokerage platforms. A trader just needs to open an account on RAMM service with a minimum balance. His trading performance will be reflected in RAMM as a trading strategy. Thus, a broker is able to fill up a rating with a wide range of strategies in the short term, that will actively stimulate clients to invest.
The problem of server overloading is solved as RAMM is not a plugin, but a complete trading platform with its own server. It is compatible with any broker whatever trading platform he uses or whether he actually has any.
RAMM has a ready-to-use advanced interface with all graphs and statistics needed for traders and investors. Setting up RAMM White Label by the UpTrader team takes just around a week. The service can include branding, building risk-hedging schemes, setting trading conditions, changing swaps, commissions, and spreads, as well as other tools according to the individual inquiries.
RAMM provides accuracy of copying and full control over the process that will attract and retain even the most careful investors. They can leave the strategy at any moment, as well as set the limitation on their losses and targets. They also are able to invest in the limitless number of strategies at once from one account, thereby diversifying their risks.
Netting of trades in RAMM system allows clients to avoid extra fees. At the same time, due to this feature, a broker is able to flexibly customize risk-hedging throughout a company.
Despite the crucial advantages of the platform, connection and technical support costs are slightly below the market. It can be connected as an external system with a separate account or as a system copying signals from one MT-account to another. Brokers can build an infrastructure around the platform on their own or with the help of the UpTrader team.
For new players in the market, RAMM is also available in one package with White Label МТ4/МТ5, integration of payment systems, CRM and a liquidity aggregator.
The biggest fintech portal Finance Magnates just published an interview with Vasily Alexeev, CEO UpTrader, about a new investment service for Forex brokers launched last month. The service combines the most popular technologies (MAM, PAMM, LAMM). What advantages does UpTrader offer to the market?
Read on Finance Magnates
These are the questions that we asked Vasily Alexeev, the CTO and CEO of UpTrader. In April, his company announced the launch of its investment service UpTrader Invest.
You’ve just announced the launch of UpTrader Invest. What are the innovations that your solution brings to the table?
We get a lot of requests for investment services. Someone wants PAMM, others ask for MAM, or social trading. In fact, many don’t see the difference between them, and the truth is, the difference is really minor.
And if we pay attention, we’ll see what the client is really saying: we want a stable and reliable service with flexible settings, and we need it live tomorrow.
So we didn’t create a new technology, we just reimagined what’s already out there on the market and offered a new combination. UpTrader Invest is an investment service with a simple interface and flexible settings. Another hallmark is the high degree of stability.
You’re putting a lot of emphasis on stability. Is the situation bad now?
The thing is, many similar services have a common problem—they lose trades, it’s inevitable with external connection to the trading platform MetaTrader 4—that’s the way most of these solutions operate.
UpTrader Invest works in the MT4 core directly, which not only ensures the maximum speed of operation, but also prevents the loss of trades.
UpTrader Invest—is it more than just MAM, PAMM, and social trading?
Let’s clear up the terminology first.
MAM stands for Multi Account Management. This means that there’s one common account used by the trader, while the investors’ accounts are indicative. This scheme allows for a more effective hedging of the strategy’s general position, i.e. moving to A-book.
PAMM stands for Percent Allocation Management Module, basically the same as MAM.
Social trading, or copy trading, is essentially the same as MAM, the difference being that the trader operates not in a common account, but in their own one, while the trades are being copied to the connected accounts of investors.
We offer all three modes of operation. MAM is the standard mode. PAMM is the same as MAM, only investors can’t see the trades.
And the social trading (copy trading) mode—the manager only trades with their personal funds in their own account, the other accounts simply receive copied trades.
A broker can pick any mode it prefers, or enable all three simultaneously.
Is UpTrader Invest a standalone entity, or a part of your CRM?
UpTrader CRM was designed as a single control room for the broker on one side and for the client on the other. We create simple and succinct interfaces for the easy management of complex things.
We make an effort to spare our users unnecessary clicks, switching between windows, log-ins. That’s why all new UpTrader products are always integrated into CRM.
However, if someone wants to buy this particular service as a standalone, we can provide the API, and the customer will be able to design their own interface, expand the plug-in the way they want, and connect it to their MetaTrader 4 on their own.
What instruments are there to trade for a manager in investment accounts?
Anything available in MT4. For example, if a broker buys a White Label from UpTrader, their clients get access to over 500 instruments: currencies, cryptocurrencies, spot metals, CFDs on futures, stocks, indices, bonds.
Where and how can a client follow the account operations and manage trades?
Managing trades—no, investors can’t influence trades at all. Investors can connect or disconnect, deposit or withdraw, but that’s it. Everything that goes on in their accounts can be tracked using any available MetaTrader interface: in the mobile or desktop app, web terminal. And, of course, in our CRM.
How to choose a manager, connect/disconnect a strategy?
An investor can choose a strategy from the list based on the profit history. They also see the manager’s preferred trading instruments. Then, they submit an investment request, which the manager accepts or rejects. The manager can also opt to accept all investments automatically.
There are several ways of disconnecting from a strategy, it depends on the account settings: immediately, on approval, or on rollover, i.e. on schedule.
What are the profit distribution options available in the service?
The manager has three reward plans that can be selected in the settings: payouts per the manager’s trading volume, percentage of profit generated in a period determined by the manager, high watermark: payment only when investor’s profits reach a new high.
What’s the earning scheme for the broker?
There are no restrictions for brokers on how they want to make money in this service. It can be any existing arrangement—spreads, fees. The service works with any variations of A-book/B-book.
No restrictions on the partnership program, partners receive rewards automatically for the clients they bring to the investment service.
How fast can the service be integrated? Is there a trial period?
Integration can be done at the speed of light—a client gets a fully functioning service in one day. Of course, customers can take it for a test run before making a purchase, we offer a trial period.
After visiting iFXExpo Dubai, we can confidently say that everything is in order on the forex market.
We are not going to talk about the joy of live meetings after a long break, since almost everyone has already written about it. And what else can we say, we completely agree that no Zoom can be compared with personal interaction. The entire UpTrader team noted that the demand for brokerage software has grown very much over the past year and a half, CRM becoming the favorite UpTrader product. Deals were made right at the booth. Customers paid in cash!
Also, future and current brokers were interested in payment systems, which should come as no surprise given the continuing restrictions on banks' work with unlicensed brokers.
Of the interesting anti-trends, one can note the loss of interest in crypto projects. Even if you remember the 2019 iFXExpo exhibition on Cyprus, when ICOs were already almost a thing of the past, crypto projects still aroused keen interest. Now everyone is interested in rather routine classic things like White Labels on MT4, MT5, Investment services, CRM, Licenses, liquidity for working in the Forex and CFD market. The hype settled down, the market returned to the classic financial business.
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.