Why All Brokerage Business Must Have These Plug-Ins?

The Forex market is the largest global financial market. Meanwhile, the number of forex brokers is as high as several hundred. But you can still stand apart with the correct prediction and investment guides. Give your clients edgy advice that others won’t be able to offer. But how?   

At the same time, you have to outperform other companies in terms of service and functionality. These two parameters are what’s ultimately essential for customers. 

How do Plug-ins help?

Plugins act as your workstation. It gives you access to all information and predictions. As a brokerage business, you can make faster decisions and create advisories for clients with prompt help.

Among plug-ins, Metatrader 4 and Metatrader 5 are most often chosen for their convenience and reliability:

• Uninterrupted order execution on the trading platform;
• User-friendly trader’s personal account;
• Availability in different languages;
• Availability of desktop and mobile app versions;
• Built-in technical analysis tools.

But Metatrader’s basic functionality is still limited and is not surprising to anyone. That’s where additional services and plugins come into play.

Why Additional Plugins And Tools Can Be Useful For A Forex Broker

Most people prefer Metatrader for its open interface and ease of use. In addition, MetaTrader offers the highest chances for integration with additional tools and plug-ins. But the best part is that MT is evolving.  

In the future, it will offer a one-stop business solution. Meanwhile, any MT brokerage business will also improve as the platform evolves.  

Conventionally, all solutions can be divided into three groups. And each of them is responsible for specific tasks. This includes technical solutions, client functionality applications, and the broker’s administrative part.  

Almost any innovation affects a trader’s well-being in one way or another, so that we will analyze all the options. 

Read Also: Here Is How You Can Start Forex Trading In 2023

Other Plug-Ins for real-time stock market insights  

You may be a seasoned trader or a newbie. If you want to dive into the stock market, you may use some plugins I found recently.  

1. Trading Bro  

Add TradingBro to the ChatGPT plugin store list. The best part- this plugin makes it easy for traders to use the data and make predictions or access financial data.  

TradingBro plugin will also inform you about the company you want to invest in. You will also learn social sentiments about the stock.  

Whenever I use TradingBro, it feels like hands-on guidance from the best traders in the world.  

Best features  

Firstly, you will get access to a range of financial statements for comprehensively analyzing your stock decisions. You may also use different criteria to search for assets as you like.  

Negatives  

The response of TradiingBro might not be perfect. The price is also higher, considering the platform and subscription fee charged.  

2. Statis Fund  

Statis Fund is the best plugin for brokerage business analysts, investors, and others. Since the platform is highly computational, you can do a technical analysis here. It also offers swarms of details. Meanwhile, you can retrieve historical data and detect crucial financial indicators for a detailed analysis.  

Using this plugin will give you precise indicators like RSI and derive the moving average of your preferred stocks.  

I also used the platform to calculate the price change and stock volatility. At the same time, this one is my go-to app to monitor my usual investments.  

Negatives  

I hope you know that the app still has some unsolved security issues. However, the main flaw is that the app often does not retrieve your financial data clinically.  

3. Portfolioslab 

If you plan to invest in stocks, you can use this comprehensive guide. It will not only help in stock analysis, but in crypto investments and mutual funds as well.  

The plugin also gives you a broad overview of the investment instruments. With such handy info, you can make genuine and flawless investment choices.  

What can you use PortfoliosLab for?  

Use it for analyzing stocks and cryptos. But that’s not what I use the plugin for. PortfoliosLab only gives me stock details when I enter the symbol name. That’s the best part if you ask me.  

Negatives  

It has information on limited investment options. Meanwhile, I also found some security patch issues and a few compatibility issues.  

The Technical Component Of The Forex Broker

The technical segment aims to ensure the smooth operation of all functions. This means that the client should not see crashes or freezes, especially in order execution, where technical hitches cause price slippage and can lead to losses.

The personal dashboard must promptly respond to all actions, transactions must be transferred to liquidity providers and executed in a timely manner, and the budget must be quickly replenished and withdrawn if necessary.

An important role in the trading cycle is played by the quality and volume of liquidity. This directly affects the market depth and order execution speed. Therefore, you should, first of all, look at the mt5 bridge or liquidity aggregators to get access to quotes from the widest possible number of sources.

Broker Administration

These include services that facilitate brokerage management and increase its efficiency. A key part of the broker’s work is the management of financial flows. Automation of routine processes allows the broker to focus on other aspects of the business, increasing its attractiveness and recognition for customers.

At the initial stage of launching a broker, it’s important to provide a variety of payment system options so that customers can choose a convenient way to replenish their accounts. By limiting the deposit and withdrawal methods, the broker risks losing some of the clients.

Another important element of the brokerage business architecture is security. Brokers are a tasty morsel for hackers, so it’s important not only to ensure reliable protection of client data but also to implement plugins responsible for tracking suspicious activity on the platform or identifying dubious accounts.

Client-side

A variety of solutions can be implemented in this business segment: from a seamless transition to a new broker to the implementation of various bonus systems and affiliate programs.

By simplifying a trader’s life as much as possible and making his trading activity even more profitable, the broker will get reliable clients with whom you will be able to earn for years to come.

Use Plugins Optimally

Do you love trading? I bet you have heard about plug-ins if you’re not using them already. When AI combines with your investment portfolio, it will make your journey simpler.

Before anything, access accurate and updated stock details and play safe. When you are a pro, use the prompt stock details to make faster deductions.

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