Tools you need to manage your fx brokerage and increase profitability

2. You are a probably a forex brokerage that understands the importance of various tools necessary to thrive in this space. You are either a new Fx Broker looking to explore the various tools required for efficient management and maximum profitability OR an established one that just wants to ensure that you are not missing out on any of the must-have tools. Whichever one you are, here are the three key tools to efficiently manage your forex brokerage and achieve maximum results. Introduction

3. Fx Tool #1: Risk Management Tool

4. A successful forex brokerage also plays the role of a good risk manager. This makes an efficient risk management tool one of the most essential ingredients of your recipe for success If you’re an existing brokerage, you surely understand the various risks involved in this volatile market. Market risks such as exchange rates, margin or leverage, political risks, interest rate fluctuations, credit risks, currency devaluation, fraud, and operational risks OR toxic client strategies can cause potential damage to the overall success of your brokerage Risk Management

5. You may also want to see if your clients are using any expert advisors or robots which will eat into the probability of your brokerage. In such circumstances, an effective risk management tool can counter this problem allowing you to monitor your risk at any time Also, if your brokerage is on a hybrid model, this lets you decide whether you want to move your client into a Full STP or a market-making model depending on the risk and trading activity Risk Management

6. Similarly, emotions can be the downfall of any trader in a market as volatile as forex, which makes it all the more important for you as a brokerage to ensure that a risk management tool is the number one priority When creating your forex brokerage solution, this eliminates unnecessary losses for your customer thereby increasing your profitability. You should be able to oversee your positions and risk at any given time to be able to manage several traders or trading groups and numerous positions leading to maximum customer satisfaction and profitability for your brokerage Risk Management

7. Fx Tool #2: Copy Trader or Social Trader

8. For an amateur trader or even one that doesn’t have the time or energy to spend on constantly monitoring the market and world events to make the best possible decisions, being able to copy trade is the ideal scenario Social Trader tools make this process not just convenient by providing your customers with access to interactions between active forex traders in real-time, but also automates the process of copying every time a signal is generated by the trader/s they have decided to copy Social Trader / Copy Trader

9. Though your client might start with copying trading strategies that show the best results, with enough time and an eye for detail they will eventually grow into confident traders who are able to create and use strategies of their own with the combined knowledge of all the expert traders they have been copying Catering to new and amateur traders is an important part of increasing profitability for any forex brokerage, and this makes a robust Social Trader tool a must-have to offer a complete forex brokerage solution Social Trader / Copy Trader

10. Fx Tool #3: Forex CRM

11. A good CRM software is the backbone of any forex brokerage. Assuming you already have one (if not, that’s the first thing to do), you need to ensure that yours has all the necessary features that make for efficient management and maximum profitability of your business as a forex brokerage. More like a multi-tool, this one software does the job of many, thereby eliminating the need for many small tools and integrating with most other tools. Forex CRM

12. To summarize, this tool not just acts as an all-in-one platform for your brokerage but also allows you to create strategies, run marketing campaigns, upsell and cross-sell to existing customers, and build brand loyalty among traders, all customized and optimized based on exclusive data. Being able to comply with ever-changing regulations and generating reports that help efficiently manage your brokerage and understand exactly what is working or not are a couple of other key benefits. To understand these features in detail, read our blog on the top 8 must-have features for a forex CRM Forex CRM

13. Not having any of the above is not an option for any forex brokerage that is not just looking to maximize profits in the short term, but remains in the long game as a key player recognized as a reliable brand! Conclusion

14. Here’s how Sanfrix can help you on this journey...

15. Sturdy CRM customised for FX brokers with multi-tier affiliate management, unified communications, KYC, customer journeys, insightful reporting and more. COMPANY INCORPORATION Sanfrix has initiated several brokerages from various jurisdictions and can help you too, making the entire set up hassle-free. TECHNOLOGY We offer MT4 / MT5 Whitelabel solutions. Advanced technology and reliable solutions at an affordable cost. LIQUIDITY We offer deep institutional liquidity with customised pricing and execution analytics to make sure all your liquidity needs are met. CRM & BACK-OFFICE STRATEGIC PARTNERSHIP Continued strategic partnership, free consultation support and 24/6 customer support from our Chief Success Officer.

16. Sanfrix offers forex CRM solutions for small businesses as well as enterprise-level companies. To understand all the exciting possibilities request a free demo today!

17. Sanfrix can help you with all your brokerage needs and has helped several forex brokerages double their profits by simply implementing the right tools. Question is… Will your brokerage be one of them? Contact Us +65 9860 7215 sales.sanfrix sales@sanfrix.com t.me/sanfrixltd