5 Things to Make Your Forex Business Boom
September 09, 2016 (datsyn.com) – Forex is a business that doesn’t sleep, rest, or take a break – when the markets are closed, people will still be out there working on getting ahead of the game, pushing their services and making money through the industry.
This is especially true for brokers, who have to worry about maintaining a proper, secure and reliable service at all times – while promoting that service and getting the news out there that they’re up and available for trading
Thankfully, thanks to the Internet, Forex brokers have access to all the tools, information and data they need to push their business to the forefront of the market – so long as you know where and what to look for. If you’re worried about marketing your services in an extremely competitive market like Forex, where everybody has a shot, then you need to heed these words and take them into consideration.
Get a Better Online Presence
The first step to getting out there is to get out there. Unless you’re based in a physical office and have the capital, connections and means to start a brokerage in the more prestigious and strict Forex jurisdictions on the planet, you’re most likely an online Forex broker with a largely online clientele.
Mobilizing that clientele and getting others to avail your services through the Internet requires you to expand you online presence in whichever way you can. Start by establishing your website and social networking presence – and then expand that onwards into the fields of a proper ad campaign, open forum discussions and more.
Find the Right Platform
Aside from your web presence, your product itself may have to improve. The simplest way to do that is through the use of an alternative Forex platform for your brokerage. A good choice would be MetaTrader 4, which is often considered the most popular choice due to its apparent qualities, ease of use and widespread popularity – and subsequent existing support online.
With the right platform, you can get ahead of your competitors by offering a safer, faster service.
Choosing Better Addons and Features
No two Forex brokers will try to be alike when aiming to beat each other in the pursuit of clients. Which is why, given the popularity of certain platforms, these platforms offer the ability to integrate third-party addons and features such as an FXBS Forex bridge to help brokers differentiate themselves and better assist their traders.
Expand Your Jurisdiction
If you’re working within a specific part of the world and want to expand your jurisdiction, you need to review your Forex license and what powers it grants you as a broker. As per FXBS, a license in Latvia gives you the ability to trade in the EU – but if you’d like a Forex license to let you trade within the United States, you’ll have to talk to the CFTC.
Utilize a Forex Bridge Service
While MetaTrader 4 is wildly popular, it doesn’t offer traders an easy way to turn their profits into money through a liquidity provider – such as a bank. It’s then up to the broker to provide that service – and that’s where a good Forex bridge service comes into play.
Through a service like FXBS, you’ll easily be able to help your brokerage attract more clients looking to make a lot of money, quickly, with the guarantee that they’ll be able to withdraw it whenever they so choose to.