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Liquidity is crucial for brokers that want to access the financial markets. After all, it will determine how transactions will go, the stability between the conversion of assets from one currency to another and that spreads, gaps and price slippage are less likely to be overvalued. These characteristics apply to both cryptocurrencies, Forex, metals, and so on.
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The Forex market is an increasingly important part of your brokerage’s operations as a growing business. However, maintaining such a large and varied client base presents unique challenges in managing traders’ accounts. A recent study suggests that while many brokers using the Metatrader 4 (MT4) platform use third-party software to aid their operational processes, few maintain a CRM system for their clients. Given the importance of a good relationship with customers, this should come as no surprise. In fact, it makes sense from both sides: why would a broker commit valuable technical resources towards solving account management problems when they can outsource these tasks cheaply? As such, outsourcing Forex CRMs has become a popular option for brokers.
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Forex, also known as the foreign exchange market, is the largest and most liquid financial market globally, and it accounts for more than $3 trillion of daily transactions. Forex is open twenty-four hours a day from Sunday evening to Friday afternoon (GMT+2), except for American holidays such as Thanksgiving and Christmas, when it closes in the morning and reopens in the evening.
A white label Forex broker solution is a turnkey technology that you can use to offer your customers the opportunity to trade currencies. It will come with everything you need, including trading platforms and support services. The aim of using it is to launch your own business without having to create or design anything from scratch. This way, you’re not only saving money but also time, making it an ideal choice for any new business. Here are our five reasons why you should consider using one.
The increasing popularity of DIY methods is positively impacting the development of the global power tools market. Electrical appliances are…