Do not invest more money than you can afford to lose.
Software developer Spotware Systems, the developer of forex trading platform cTrader, said on Monday it has launched an introducing broker (IB) program for the platform. The new feature can be configured from cBroker, Spotware’s management and administrative tool for brokers and financial institutions, and can be used from the cTrader.
It is available for all brokers free of charge and aims to make the collaboration between brokers and IB more transparent.
The IB application is built into cTrader and allows brokers to configure settings personalized for each IB partner and to adjust conditions accordingly. It allows brokers to supply IBs with a wide range of tools for client management and retention. A progress bar displays IBs’ ranks, traded volumes, and volumes to achieve a higher rank, as well as what commission plans they intend to apply the following month.
In addition, IB can access and manage introduced clients, view in real time their balances, trading volumes, and history of trades. Also, all information regarding commissions, client rebates and bonuses is available through the system, as well as detailed information about IBs’ earnings from each trade.
“Now IBs will never be out of sync with their business, with real time calculation of their revenues, in depth reports displaying exactly where commissions originated and clear summaries of performance. Our IB Program brings a new level of transparency to partnerships programs, just like our platforms, manipulation is impossible and our end users are fully informed of all activity within their accounts” said James Glyde, business development Manager at Spotware Systems.
cTrader is one of many retail forex trading platforms. It provides full STP access to the forex market and features a comprehensive charting, a wide range of order types, technical analysis, custom indicators, and a quick-trade option. It is available as a desktop, mobile and web version.
Spotware Systems also offers mirror trading platform cMirror, algo and technical indicator coding application cAlgo, cloud-based solution cServer, and agnostics aggregator cAggregator. Its competitors include software developers MetaQuotes Software, developer of the MetaTrader 4 and 5 platforms, ActTrader, and Tradable.
Source: Spotware Systems
