By utilizing the myForex Trading Platform and enterprise grade SaaS environment, FinaTek provides practically immediate time-to-market IT solutions to various Forex and CFD market participants: Forex and CFD broker-dealers; small to mid-size banks; futures, options and stock brokers; introducing brokers and white-label partners.
The myForex Trading Platform appeals to the Forex traders’ audience as well – by using myForex your company can solicit both novice and professional traders - while allowing them to get the most from the easy-to-use and comprehensive myForex Desktop, Web, and Mobile trading applications.
No matter what your business model is – we have a solution. With MyForex it is easy to gradually switch from one business model to another – “start small – grow big”. The Platform provides business model configuration features (i.e. automatic payoffs for IBs, customizable price shifts, full or partial clearing, multilevel security structure, and many more, thus allowing you to build and rebuild your changing business model quickly. Such unique flexibility allows us to work across different businesses creating maximum opportunities for expansion for our clients. We are confident that by partnering with myForex, your business will be able to follow the changing market conditions. Bellow you can find detailed info about implementing the Myforex solution with the most common market participants:
The myForex Platform allows established market makers (banks or Forex and CFD broker-dealers) to seamlessly offer a fully featured online trading environment for all their traders, affiliates, and partners.
The Platform provides market makers with full control over the entire transaction flow. It allows the company to manage its risks and outsource the excess exposure to the higher level liquidity provider.
myForex provides automated mirroring of your external clearing accounts within an internal trading back-office. It also provides comprehensive reporting tools for measuring business performance.
The market maker can establish a multi-level trading network by white-labeling the fully branded Platform to its partners and affiliates. Your administration personnel will be able to reflect and manage real company structure, setup lower level administrative units for the companies you have B2B relationships with, retrieve reports, etc. There are no technology limitations on the number of partners and affiliates who can participate in the network.
myForex provides market makers with a complete set of back-office reports fully compliant with various government regulatory requirements around the globe: CFTC/NFA in US, FSA in UK, FSA in Japan, FINMA in Switzerland, etc. Moreover, the robust myForex reporting engine allows us to quickly design additional reports, if required.
The myForex Trading Platform allows the newly open trading business to start operations within hours, and with minimal initial investment. Let FinaTek host and manage the software for you. We use a “pay-as-you-go” pricing approach, so your technology expenses are fully dependent on your growing trading volume. The Platform provides seamless access to multiple liquidity providers worldwide, so you can start from outsourcing 100% of your internal trading flow to the clearing house, thus maintaining zero risk. Later on, when your risk capital is big enough, you can edit parameters to increase your market exposure to generate bigger profits.
Independent brokerage firms participate in the retail Forex and CFD market by soliciting traders and outsourcing all of their orders to the primary market maker, thus generating revenues on commission. With myForex, brokers can easily offer Forex trading in addition to other instruments they already trade. Growing interest in forex trading coupled with a broker’s customer base will make offering forex trading a profitable part of your business almost immediately.
myForex allows brokers to offer Forex and CFD trading to their clients, setup flexible commission rules and implement full clearing of internal trading flow to liquidity providers. It translates into no trading risk for the broker and revenues that are generated with commission. They gain a flexibility to control the 'routing' of outsourced orders: choose from multiple clearing houses, match counter orders, define the company risk management criteria, etc. The myForex Platform allows brokers to gradually switch from a pure commission based model to a dealing based model by keeping some of the exposure in house.
myForex Trading Platform looks attractive to Forex traders audience as well - using myForex your company can solicit both novice and professional traders - all of them got the most from easy-to-use and comprehensive myForex Desktop, Web, and Mobile trading applications.
Individual Traders (self-traders) trade individual accounts and receive detailed reports on revenues. They get an ultimate trading Platform with ability to trade directly from the charts, trading strategy tools (price alerts, OCO, If Done orders, etc), risk management tools (minimal equity, $ value Stops and Limits, Trailing Stops, etc).
Money Managers (the professionals trade on one or more investor’s accounts) will benefit from managing multiple accounts simultaneously, owning a non-trading compensation accounts with automatic commissions and markups calculated in real time, combining orders and positions on multiple accounts for better exposure representation, .and receiving detailed reports on revenues specified by source account.
Forex Investors (who own trading funds, but does not trade) receive up-to-the-second reports on P/L thus having full control over trader’s operations.
Introducing brokers (IBs) act as a regional sales force for the global market makers and brokerage firms. They solicit traders for the parent institution, and generate revenues on commission. Their biggest concern is that their clients’ identity is always disclosed to the parent firm they work for, thus facing the risk of losing the client in favor of the parent. The only solution is to become independent; FinaTek has already provided this solution to multiple former introducing brokers who are currently using myForex as independent brokers or market makers in their regions. This important change was possible thanks to two simple components: first, the IB is already in possession of the traders clientele, and second, the myForex Trading Platform was a perfect fit for the startup regional market maker thanks to its low initial cost, “pay-as-you-go” pricing approach, and full IT support provided by FinaTek.
