Broker’s Christmas wish list: top five tools to treat yourself

Author: Ivan Egorov

The holiday season is upon us, and it’s a great time to treat yourself. Not just in your personal life but to get something great for your brokerage, too.

Back in October, we shared the first article from the broker’s wish list series, and today, we will uncover the Christmas edition of the wish list.

#1 Copy Trading plugin

The Copy Trading plugin has been a raging hit among TFB clients over the past few months, and it’s the number one item on everyone’s wish list these days. It’s no surprise  – the solution is the upgraded version of the TFB classic that allows users to copy trades from the most successful traders to their followers or simply aggregate the whole trading flow from a group of accounts on one executive (omnibus) account. Various copying modes and other settings can be managed in a simple and intuitive web interface.

#2 TFB PAMM

TFB PAMM is a money management solution that works based on the percentage profit distribution principle. Investors can partner with one or many proficient traders (Money Managers) and allocate funds to them to trade in return for a small percentage of the Investors’ profit. For brokerages, TFB PAMM represents a way to diversify their services and attract new niches of clients - traders who don’t yet feel comfortable trading on their own and experienced traders who’d love to put their skills to use and make some extra cash.

#3 Swap Changer

Swap Changer is another application that, although always popular, has received a lot of extra attention recently. As you can guess from the app’s name, it automates swap changing by uploading swap values of specified symbols. It allows users to update swaps on both group and symbol (global) levels. Because the application is built on the Manager API, it can be installed and run on any PC, so you can keep it away from the main server for load balancing and risk management purposes.

#4 Dynamic Leverage Changer

Next on the Christmas wish list is the Dynamic Leverage Changer. It is one of the most popular plugins for risk management that allows users to dynamically modify and leverage on positions depending on the open volume level.

This way, brokers can provide higher leverage to attract more customers and limit their risks by setting up the maximum volume for each leverage level at the same time.

#5 Credit Management

The final solution on today’s wish list is the Credit Management application. It allows brokers to completely automate bonus campaigns - starting from giving some credits for initial and subsequent deposits to converting them to a balance once a specific traded volume goal is reached.

At the same time, it’s a great tool for risk management that controls the usage of credit to make sure traders will not lose brokerage funds. As a result, it makes Credit Management an excellent solution to attract new customers and motivate them to trade and deposit more.  

Final thoughts

Creating your brokerage’s wish list and turning it into a reality is a great way to enhance your business operations, make the workflow more efficient, and reduce stress. When it comes to personal self-care, we actively analyse what can make our lives better, but when it comes to business, we often get caught up in the swing of things and neglect our needs. This holiday season, we hope that you will show extra love to your brokerage and set yourself up for an even more amazing and successful year in 2024.