Tips for brokers: working with clients using TFB PAMM

Author: Albina Zhdanova

Money management systems are gaining momentum thanks to the rise in Investors that we have seen in the past year and a half. As many brokers integrate software like TFB PAMM into their daily operations and service portfolios, there is a logical desire to take full advantage of it.

It is not uncommon for brokers to utilise only a part of the available functionality in the software products they are using. To make sure you are aware of all of the benefits that TFB PAMM brings, we have created the below list that can guide new clients as well as prospects and help outline the initial steps after they have purchased the solution.

1. Integrate with the broker’s CRM system (or even design your own interface with the Rest API).

As step one, we recommend that brokers integrate TFB PAMM into their existing infrastructure. Commonly, brokers choose to integrate the software into their CRM system to unlock new functionality in a familiar interface. Additionally, since TFB PAMM supports the Rest API, brokers can design their own interfaces based on their preferences or corporate policies.

2. Work on the Money Manager’s (MM) bio section and status.

One of the recent additions to the solution’s features is a bio for MMs and the ability to select private or public status. Having an up-to-date and detailed bio profile will help MMs attract more Investors who will be more inclined to trust their money to MMs. It is a win-win situation for all parties involved: brokers enjoy larger volumes, MMs are more successful, and Investors make informed decisions and have better control over who manages their finances.

3. Look through the visibility settings for Investors and MMs.

TFB PAMM allows Admins to adjust the visibility of actions and data available in the solution. This might not apply to each broker, but this functionality helps maintain legal and corporate requirements, as well as make sure that Investors or Money Managers do not make any changes that will inadvertently have a negative impact.

4. Get acquainted with the Admin portal.

Admins tend to have repetitive tasks and requests (e.g. making deposits, editing commission, etc.) coming their way daily. To help them work more efficiently and spend a little less time on these standard tasks, the TFB PAMM team has designed a comprehensive request portal where all such requests are listed. The requests are automatically pre-populated with all necessary data, making processing a faster and smoother process. It is possible to accept or reject requests, execute them instantly, or plan them for out of trading hours.

5. Use the Investor trade sync feature.

The feature helps synchronise the database with MetaTrader, enabling brokers to run regulatory reports easily. All processes are handled on a separate PAMM server which offloads the balance from the MetaTrader. It means that there is no risk in overloading the MT server by using the Investor trade sync functionality.

6. Use the Minimum investment feature to differentiate strategies.

TFB PAMM allows setting minimum thresholds on investments to help MMs target specific audiences and markets. Furthermore, the functionality is often used to apply different tactics with selected Investor groups. It is a handy tool for experienced Money Managers working with multiple strategies or who prefer to focus on specific Investor sizes.

We hope the tips above have inspired you to apply new functionality and tactics to your money management services. If you would like to learn more about the functionality of TFB PAMM or any other TFB solutions, please feel free to email us at sales@t4b.com for more information.