2022 welcomed roaring new ideation and innovation as the world came back from the 2020 pandemic year, with fintech events around the globe revived in full force again. Broctagon was honoured to be part of many global meetups and sharing unique business insight with friends and partners all over the world once again. 

Broctagon Fintech Group's Asian liquidity arm, Broctagon Prime Markets is now a licensed digital financial service provider under the Labuan International Business and Financial Centre (Labuan IBFC), Malaysia. This licence is a testament to Broctagon's excellence in digital asset liquidity, highlighting the regulatory emphasis and compliance to the AML/CFT and market conduct requirements of DFS businesses.

CEX.IO, a global ecosystem of products and services that connects people and businesses to the cryptocurrency economy and decentralized finance, is the latest participant to join the inter-exchange liquidity network known as the WorldBook™.

Broctagon Fintech Group was recently awarded 'Best Crypto Liquidity Solutions' at the Crypto Expo Dubai 2022, as a recognition for our newly-upgraded product, the NEXUS 2.0 Crypto Liquidity Hub. Held at Dubai Festival City from 16 -17 March, more than 100+ crypto companies gathered at the premier cryptocurrency event.

Broctagon participated in this year's Finance Magnates London Summit. Hot on the heels of our attendance in the iFX International Expo 2021, this year's event was held in-person during the period of 16-17 November 2021 at London, Old Billingsgate. Broctagon’s CEO Don Guo was present in London to speak directly with our clients and partners at the event. As a global provider of multi-asset trading news, research, and events, Finance Magnates' London Summit this year continues to be one of the largest events that is held in the financial industry. Crypto as the Latest Topic With its growing dominance within financial institutions, the discussion of crypto was embedded within the fabric of the event. In light of growing crypto adoption by institutions, we had many discussions with exchanges and even traditional brokers about NEXUS 2.0, our spot crypto liquidity hub. By aggregating liquidity representing 85% of the crypto market complete with best bid/ask price discovery that is executable via Smart Order Routing (SOR). NEXUS 2.0 allows corporations and institutions to purchase cryptocurrencies from the best sources. For exchanges, this translates to global liquidity beyond the confines of a local order book, resulting in enhanced market depth and instant access to more than 1000 crypto pairs, including the latest trending tokens. With the rising popularity of the metaverse and tokens poised to make an impact such as Decentraland (MANA), The Sandbox (SAND), Star Atlas (ATLAS), Axie Infinity (AXS), Enjin (ENJ), access to NEXUS 2.0 will allow exchanges to capitalize on the latest trading wave. Enhanced Crypto CFD Offerings Beyond spot crypto, the conversations surrounding brokers were on crypto derivatives, especially in the form of crypto CFDS. As one of the pioneers of Crypto CFD and together with NEXUS 2.0, Broctagon is able to price major crypto CFDs with ultra-competitive spreads: BTC/USD spreads starting from $30 USD ETH/USD spreads starting from $2.5 USD New Opportunities We would like to thank our clients, partners, and peers that have made the effort to schedule and meet with us during the event. We are happy to call it a great success and look forward to seeing you again at our next event!

Naijacrypto is a premier cryptocurrency exchange platform that offers digital asset trading services such as trading tools and leverage trading.

Fasset is a regulated, multi-country Digital Asset Gateway that aims to connect the next billion to buy, sell, send and store digital assets such as Bitcoin and Real World Asset Tokens.

BITLEVEX revolutionizes investment platforms by offering leveraged options priced according to traditional Black & Scholes mathematical models.

“While a huge driver of its growth, shib's status as a memecoin may very well also be its bane," said Don Guo, the chief executive of trading technology company Broctagon, said in emailed comments, adding he believes it's "impossible" that shiba inu could ever reach $1.

In this latest version update AXIS CRM V6.5, we are pleased to announce the latest platform updates that feature new integrations that bring exciting enhancements. With this update, the new features offer increased personalization and enhanced data management. These integrations empower brokerages to tailor their CRM experience to a broader range of specific needs and requirements, enabling more efficient communication and collaboration.

We started with a dream to bridge the gap for highly tailored FX solutions that add tangible and impactful value to Forex Brokers. 14 years and hundreds of brokers later, we revisit the question – What is Broctagon? Our team at iFX Expo Asia 2023 shares their answers. Broctagon is about Business Integrity. With strict compliance and a perfect track record, our multi-asset liquidity and aggregator technology empowers some of the largest brokers in the world.  Broctagon is Radical Innovation. We built the first FX CRM with multi-level IB rewards that is now fueling the expansion of many brokers globally, bringing in thousands of traders daily.  Broctagon is about Freedom to clients. We understand that every client is unique and there is no cookie cutter solution that fits all. That is why our solutions are modular, bespoke and can be tailored to the specific needs of your Broker.   Lastly, how do we motivate high performers and create synergy? Broctagon is all about Clan Culture. We are eager to collaborate both internally and with clients, and we stand firmly by our belief that our success only comes after yours. That is why the bulk of our clients have long-term partnerships with us. With a strong focus on these principal values and collaborative spirit, Broctagon has worked its way up to becoming the trusted partner for turnkey FX solutions, catering to the needs of brokers worldwide. If you ever need Forex solutions, remember - We’ve got your back, always.

The current era of rapid digital transformation has revolutionized financial transactions and investment models. Cryptocurrencies and blockchain technology have ushered in a new age of Decentralized Finance (DeFi) and tokenization strategies. Amidst these significant shifts, one strategy has emerged as a vital component in this evolving landscape: Token Vesting. This strategy, which involves a structured and systematic approach to releasing tokens to investors, employees, and other project participants, has proven instrumental in ensuring fairness, transparency, and security in the token economy. But how can one effectively harness this game-changing strategy? Enter Broctagon's bespoke Token Vesting Platform Development services. Broctagon's Token Vesting Platform: A Beacon of Trust and Security At the heart of our offering is the ready-made, white-label Token Vesting Platform. Designed as a secure and trustworthy solution, this platform fundamentally aims to safeguard the long-term value of your digital assets. While doing so, it does not compromise on user experience, instead providing an unparalleled, user-centric interface for your token stakeholders. Our platform addresses multiple areas of concern in the digital asset management landscape. Its robust security and customization features set it apart from the crowd. Whether it's the flexibility in vesting schedules, the assurance of pre-audited smart contracts, or its compatibility with any token, our platform demonstrates our unyielding commitment to safety and customization. Why Choose Broctagon? At Broctagon, we believe that your brand's identity is integral to your success. This conviction is reflected in our token vesting platform, which offers a ready-made User Interface (UI) with fully customizable branding options. Our platform is a perfect blend of technology and aesthetics, delivering a seamless and user-friendly experience that seamlessly mirrors your brand's identity and vision. One of the fundamental pillars of the digital token world is safety and security. To safeguard your digital assets, our platform is built upon the robust framework of self-executing smart contracts. These contracts function with precision and impartiality, ensuring the secure distribution of tokens. Furthermore, our smart contracts have undergone rigorous pre-audit procedures, ensuring they are free from vulnerabilities and risks. This added layer of security serves to fortify the trust of your token holders in your brand and its digital assets. Embracing Flexibility and Transparency Project timelines and requirements can vary greatly, necessitating a flexible approach to token distribution. Keeping this in mind, our platform provides flexibility in vesting schedules and distribution plans. Be it linear, monthly, or quarterly token distributions with cliffs, our platform caters to a wide range of distribution strategies, enabling you to adapt to your project's unique requirements. Transparency is the cornerstone of any successful token distribution strategy. We emphasize this principle by integrating a visual tracking interface into our platform. This intuitive tool provides user-friendly visuals that allow token holders to track allocated and claimable tokens effortlessly. This transparent tracking mechanism not only fosters trust but also promotes active participation from token holders, contributing to the overall success of your project. The Broctagon Advantage: Harnessing Expertise and Delivering Dedicated Support At Broctagon, we bring to the table industry-leading expertise and experience in fintech and blockchain. Our in-depth knowledge and skills enable us to develop and deliver cutting-edge solutions that align perfectly with your business needs. Our commitment to your success extends beyond the delivery of our platform. We offer dedicated support throughout your journey, from the initial setup to the launch and even beyond. Our team is committed to ensuring a seamless and rewarding experience, enabling you to concentrate on what truly matters - driving the growth and success of your business. Unleashing the Potential of Token Vesting The volatile nature of digital assets underscores the importance of a strategic, measured approach to token distribution. Token vesting is a strategy that has proven its mettle in maintaining the value of digital assets over the long term. By ensuring a gradual, scheduled release of tokens, it effectively mitigates the risks associated with abrupt sell-offs and market fluctuations. Broctagon's Token Vesting Platform Development services masterfully leverage this strategy, bringing its full potential to bear on your project. Our platform's flexible and customizable vesting schedules allow you to fine-tune your token distribution to perfectly align with your project's objectives and the expectations of your stakeholders. This adaptability sets us apart from our competitors, equipping us to cater to different participant categories and unique project requirements. Powering Ahead with Broctagon: Ensuring a Seamless Token Distribution Experience At Broctagon, we harness the power of blockchain technology to design our token vesting platform. The foundation of this platform is self-executing smart contracts, which facilitate a seamless and secure token distribution process. Moreover, these smart contracts have been pre-audited to eliminate vulnerabilities and ensure the safe handling of your digital assets. Our platform is designed to accommodate any token, marking it as a truly universal solution. So, whether you're dealing with established cryptocurrencies or launching a brand-new digital asset, our platform is ready to cater to your needs. Embark on Your Journey Towards a Prosperous Token Economy with Broctagon The future of tokenization is here, and it is secure, transparent, and customizable. Optimize your token distribution, instill confidence in your stakeholders, and empower your token economy with Broctagon's superior token vesting platform. Experience the transformative power of an efficient and equitable token distribution system by scheduling a free demo with us. Together, let's redefine the landscape of token distribution and shape a fair, fruitful token economy. Don't just take our word for it - reach out to us today and start your journey towards a thriving token economy. With Broctagon's comprehensive Token Vesting Platform Development services at your side, the future of your project looks bright indeed.

Broctagon has introduced a brokerage CRM for cTrader with its integration into the proprietary FX brokerage customer management system– AXIS.

In this latest version update AXIS CRM V6.2, we are pleased to announce the latest platform integrations that will allow more customization, flexibility and streamlining of processes in trader management. We also introduced other new functionalities that would improve networking capabilities and optimization for brokerages.

In this latest version update AXIS CRM V5.15, we are pleased to announce the launch of a game-changer for FX brokerages using AXIS – the Progressive Web App (PWA) client portal. We also introduced other updates that would improve dynamic customization and control for brokers to onboard new users. Progressive Web App (PWA) We have launched the progressive web app (PWA) for brokers, introducing a stunning combination of rich functionality and the smooth user experience associated with native apps, while also offering seamless compatibility. The PWA will mimic navigation and interactions of a native app, allowing brokers to implement dynamic functionalities without requiring any complication installation process. The PWA will bring a host of advantages to brokerages and their clients: Full Responsiveness and Browser Compatibility: PWAs work with all browsers and are compatible with any device, delivering the same experience to tablet and mobile users as well. The PWA is built according to progressive enhancement, a web design strategy that provides functionality and content regardless of types of browsers while delivering more sophisticated page versions to users whose newer browsers can support them. Connectivity Independence: Progressive web applications can work both offline and on low-quality networks and delivers basic functionality regardless of connectivity. Easy Updates and Installation: Apps can be shared through a URL instead of having to download it only from the app store. The installation is simple, traders can now install the client portal desktop app from their browsers. Here’s how you share the PWA for different operating systems and devices: For Apple iOS Devices Safari browser: The installation window cannot be set to automatically pop up. Users can click the "Share" button and select "Add to Home Screen" from settings Chrome and Edge browsers: Similarly, the installation window cannot be set to automatically pop up. The PWA cannot be added to the desktop through these browsers, as iOS system does not allow this permission to third-party applications. For Android Devices For Chrome and Edge browsers: Different mobile phone brands may behave differently. The following brands have been tested: OPPO, Xiaomi: The installation window pops up, and PWA can be installed on the desktop. HUAWEI HarmonyOS: The installation window pops up, users can manually add it to their desktop. Dynamic KYC Forms We have also introduced dynamic KYC form settings to introduce a more seamless and efficient onboarding process for different categories of clients that may require different sets of KYC information. Admins can now add multiple KYC forms under the ‘KYC Settings’ in the ‘KYC Dynamic Form’ tab. Field descriptions can now be added on the ‘Form Type Settings’ page to provide clarity for forms and their functions for internal teams. Admins can edit, disable, or delete the forms from the same page. We have added a preview function in the ‘Display Mode’ for documents uploaded to ‘KYC Dynamic Form’. The only formats not supported are .txt, .xlsx and .docx. On the client portal, users will get the option to select the relevant KYC form before submitting it. The trader registration process is optimized to 4 steps to greatly reduce sign-up friction. Client Management A new ‘tasks’ function has been added to allow brokers to better manage clients and structure their internal processes by creating tasks and to-do lists. Here is the new ‘Tasks Settings’ page, which shows an overview of all pending tasks assigned,  follow-up needed for clients and their priority status. Tasks will also show up on a specific client’s page, and admins can add new tasks where needed. Tasks can also be set to follow up on a ‘Leads’ page, so that no potential leads are lost.Permissions can be configured for different admin levels such as ‘Read Tasks’ and ‘Add Tasks’. Types of admin-data permissions include: Company Wide: View all tasks assigned to company-wide on the list, and client and lead details pages. All Referred Clients: View tasks assigned to all subordinate users on the list, including client and lead details pages. Directly Referred Clients: View tasks assigned to direct subordinate users on the list, including client and lead details pages. Time stamps have been added to ‘Follow-up Record’ to allow client follow-ups to be better managed. Automated System Tags For certain event-trigged actions, the CRM system can now tag these actions automatically, allowing admins to sort and view account actions clearly. These events are: ‘Deposited’: The trading account or wallet has made its first deposit ‘Account Opened’: The trading account has been opened or bound to a client ‘Traded’: The bound trading account has a opened a position or created a trade history These system tags are also added as a new field in the filters for the ‘Client’ list, where admins can check and filter accounts that have performed specific actions, in order to follow up with them. The filtering system has also been enhanced to filter by ‘Trading Account’ and ‘Lead Source’. Deposit Settings We have added an automatic retry function in the event of a deposit auto-approval failure. Admins can trigger this function by checking “Automatic retry on audit failure” to allow the system to automatically retry failed approval requests. This function allows the system to automatically attempt re-approval in the event that the MT connection is unstable and causes deposit auto-approval to fail initially. Caution: When the system automatically retries deposit approval, it checks the trading platform’s database for the corresponding deposit records. However, in abnormal situations, if the database fails to sync the correct result, this will result in duplicate deposits. Brokers will then have to manually withdraw the incorrect funds or consider disabling this function. It is highly recommended that brokers using this function continuously perform account reconciliation to detect duplicate deposits. Retry settings: If the option ‘Automatic’ or ‘Partial Approval’ has been selected, and the ‘Automatic retry” box is checked, the system will perform a deposit retry on the failed records every 30 minutes for records within the hour. Notification settings: Admins can configure settings to send notifications to selected parties in the event of an automatic verification failure. A description field has been added to online deposit method in ‘Deposit Settings’. Users can now configure a time range according to time zones for their ‘Daily Deposit Settings’. Automated Affiliate Tier Upgrade As the core of the AXIS CRM, the multi-tier affiliate system has received another major upgrade. With the new automated tier upgrade function, affiliate promotions can now be self-triggered upon criteria fulfilment, allow brokers and IBs to manage their affiliate networks much more efficiently. Tier Upgrade Settings: Affiliate network tiers can now be upgraded automatically via a sophisticated rule-setting algorithm. Simply create a new rule and set the relevant parameters in which a client’s tier should be upgraded. When these criteria are met, the upgrade happens automatically with no manual administrative process required. Tier Upgrade Reports: Reports can be generated for an in-depth overview of clients and their current tiers, network hierarchy, their new upgraded tiers and more. A time range function has been added for which client reports can be viewed. Limits can be set for a number of weeks or months, and further segregated by levels of referred clients. Client Portal Client Dashboard(i) For quicker navigation, shortcuts to frequently-used functions have been added to the dashboard, so that clients can click on the icons to access them. (ii) An overview chart of the user’s ‘Total Balance’ in the last month can also be viewed from the dashboard. My ClientsClient data has been streamlined with a detailed ‘Client Distribution’ table, sorting number and percentage of clients by country. CommissionAn overview chart of the user’s ‘Commission’ in the last month can be viewed from the Referral tab. Exchange RateIf the exchange rate has been changed, a prompt will now appear when clients attempt to make a deposit, transfer, or withdrawal, to keep them informed and updated. Sign Up Free Trial Book a Demo

In this latest version update AXIS CRM V5.6, we enhanced control for brokers by introducing more UI customization options and data filtering to fully utilize the AXIS’ core IB/affiliate network capabilities. UI Customization We have enabled more customization for the user interfaces of both the Admin Portal and Client Portal, allowing brokers to take control of business processes to better suit their needs. The portal landing page and navigation settings now have more customization options. Create your unique CRM that exudes in-house vibes. Client Portal The default style of the landing page is now set to 'center'. Users can also choose to set it to 'left', 'right'. Light and dark themes are also available. The theme color is also customizable with specific HTML color codes. The default style of the navigation bar is now set to 'left'. Users can also set the navigation bar to appear at the top. Admin Portal The default style of the landing page is now set to 'center'. Users can also choose to set it to 'left', 'right'. Light and dark themes are also available. The theme color is also customizable with specific HTML color codes. The default style of the navigation bar is now set to 'top'. Users can also set the navigation bar to appear on the left. 9 different variations and colors of email templates have been added for admins to customize emails for specific branding or occasions. To trigger this, admins will have to install the application in the marketplace. To use templates when sending emails, go to 'Notify' > 'Email'. Payment and Funding We have added functionalities for payment and banking to streamline processes for brokers. Deposits through ChillPay are now supported. Deposits through Paypal are now supported. A minimum and maximum amount can now be set in transfer settings to minimize transfer errors. The process of adding bank cards and KYC verification has been streamlined. The 'Bank Card' module in 'Clients Details' has been moved till after the 'KYC' module. This is to prevent adding of bank cards before the KYC process. Admins can add now and update clients' bank cards on the 'Clients Details' page. Notifications Admins now have the ability to revoke pop-up notifications within two hours of publishing. Permissions for viewing emails and pop-up notifications can now be customized depending on network roles. Company Wide: Permission to view all emails and pop-up notifications sent to clients. Directly Referred Clients: Permission to view emails and pop-up notifications sent to clients by direct team members. Same Role: Permission to view emails and pop-up notifications sent to clients by admins of the same role. All Referred Clients: Permission to view emails and pop-up notifications sent to clients by team members. Admin Portal Promotion Links In 'Promotion Link' settings, 'Downlines' has been added as a group option. This is to allow IBs to create promotional links that specifically target their referred clients. Bonus Campaigns Admins can now amp up marketing and referrals via distribution of bonuses. Bonuses can be rewarded via Bonus Campaigns, which can be created under 'Bonus' > ‘Bonus Settings' > 'New Campaign'. Trading Platform Under 'Trading Platform' settings, the information that is automatically synced to the MT platform can now be customized. Here are the additional optional fields: Phone Number Email Agent Account KYC (including Place of Residence, Postal code and Address KYC During the trader registration and KYC approval process, a notification has been set to trigger when a KYC Identity Card/Passport Number already exists in the system. This is to ensure that each entry is unique and reduce accidental duplication. Filtering The client list can now be filtered by those who have a referrer and those who do not. The client list can now also be filtered by those who do not possess a trading account. The lead source for clients can now be displayed. It is hidden by default. Admins can now do a quick search of reports by keying in the order ID. Supported reports: Back Office → Reports → CRM Reports→Transactions Back Office → Reports → MT Reports → Trade History Back Office → Reports → MT Reports → Open Positions Back Office → Reports → MT Reports → Pending Orders Client Portal → Referral → Clients' Reports → Transactions Client Portal → Referral → Clients' Reports → Trade History Client Portal → Referral → Clients' Reports → Open Positions Client Portal → Referral → Clients' Reports → Pending Orders Reports Report functions have been improved to introduce more sophistication for bonus tracking. Trigger Order Reports: 'Trigger Order' reports can be generated to track bonuses that are rewarded when clients deposit funds. This allows admins to track the source of bonuses and events in which they are triggered. Bonus Reports: The system can auto-generate regular bonus reports, which allows admins to view all the calculated bonus records. Bonus Payout Reports:  24 hours after a bonus calculation is completed, the bonuses for each client will be calculated and a one-time deposit will be made to the client's account. Admin can view all statuses of rewarded bonuses. General To improve user experience, the following formatting has been done: All figures showing monetary currency is now formatted to be clearly separated by commas. For example, 10000 USD will show as 10,000 USD. A space is now added after a colon in fields. This takes effect in 'Client' > 'KYC' page and all approval request detail pages. Learn More Schedule a Demo

Broctagon has expanded liquidity offerings list to 1,800+ instruments! With our proprietary aggregator technology, we are ever-increasing our assets offered, providing enhanced market depth and razor thin spreads in a frictionless marketplace.

In this latest version upgrade for AXIS 3.0, we have made updates and adjustments to Broctagon's fully customisable SaaS solution and CRM for brokerages engineered for client expansion. We have worked to make account and trader management more efficient and customizable for brokers and IBs.

We started with a dream to bridge the gap for highly tailored FX solutions that add tangible and impactful value to Forex Brokers. 14 years and hundreds of brokers later, we revisit the question – What is Broctagon? Our team at iFX Expo Asia 2023 shares their answers. Broctagon is about Business Integrity. With strict compliance and a perfect track record, our multi-asset liquidity and aggregator technology empowers some of the largest brokers in the world.  Broctagon is Radical Innovation. We built the first FX CRM with multi-level IB rewards that is now fueling the expansion of many brokers globally, bringing in thousands of traders daily.  Broctagon is about Freedom to clients. We understand that every client is unique and there is no cookie cutter solution that fits all. That is why our solutions are modular, bespoke and can be tailored to the specific needs of your Broker.   Lastly, how do we motivate high performers and create synergy? Broctagon is all about Clan Culture. We are eager to collaborate both internally and with clients, and we stand firmly by our belief that our success only comes after yours. That is why the bulk of our clients have long-term partnerships with us. With a strong focus on these principal values and collaborative spirit, Broctagon has worked its way up to becoming the trusted partner for turnkey FX solutions, catering to the needs of brokers worldwide. If you ever need Forex solutions, remember - We’ve got your back, always.

Broctagon’s Chief Technology Officer (CTO) and co-founder, Ted Quek, was recently invited to a sharing session at the National University of Singapore (NUS), where he detailed his experience of starting Broctagon Fintech Group with the students, and his journey of bringing it to the global presence it is today, with offices in 7 countries, and serving clients from over 50 countries. Big thanks to assistant dean, Associate Prof. Huang Ke-Wei, who organized this rare opportunity for the university’s new Masters’ Programme for Digital Financial Technology. Speaking to the young minds at the programme, Ted shared about how Broctagon started from its liquidity business more than ten years ago and how it expanded over the years to become the premier turnkey solutions provider. Today, Broctagon offers a full suite of forex brokerage solutions: industry-leading trading platforms, proprietary brokerage CRM, blockchain development and multi-asset FX and crypto liquidity. He shared that it is this expansion into a turnkey fintech hub that led Broctagon on its path to success today. As the CTO, Ted emphasized his focus on having a strong technological infrastructure, which he feels is the backbone of a successful FX brokerage business, and thus is what he has steered Broctagon’s solutions towards. Broctagon’s mission has always been to streamline and elevate brokerages by equipping brokers with the means necessary to attract clients, exceed performance expectations and redefine industry standards. With his experience in the financial markets and understanding of brokers’ needs, Ted led the technology and innovation teams to produce reliable trading systems, coupled with sophisticated risk management and security infrastructure – all crucial to build trust with clients and ensure long-term success. He discussed about the evolving needs of the forex market, from the importance of providing deep liquidity to diversify risk and reduce volatility, to having an FX CRM that can onboard traders efficiently and manage affiliate network expansions. Responding to some questions by students, Ted gave some insight on the operations of a forex brokerage, how it handles day-to-day operations, clients, risk management, trade executions and compliance. All of which Broctagon needs to understand and anticipate as a technological provider, in order to provide first-class service and solutions. The NUS Fintech students had a glimpse into valuable real-world experiences into possible careers in the dynamic and rapidly evolving fintech industry. Finally, Ted concluded by highlighting the importance of building a culture of innovation and continuous improvement within a company. He stressed the need for companies to constantly adapt and evolve in response to changing market conditions and technological advancements, a motto that has helped put Broctagon at the forefront of Fintech.

You might be interested in starting a business in the world's biggest financial market - Forex. But where to start? There are mostly 2 options: Building a brokerage from scratch, and to start a forex brokerage with a white label.

In the foreign exchange (FX) market, liquidity providers and brokers work together to facilitate trading. Liquidity providers supply the market with tradable currency pairs and provide pricing information. Brokers, on the other hand, connect traders with liquidity providers and execute trades into the market, on their behalf.

Liquidity providers play a crucial role in financial markets and exchanges to ensure a seamless execution of trades, and to provide buyers and sellers with the ability to buy and sell at any time. By providing liquidity to the market, liquidity providers help reduce volatility, ensure that prices remain stable, and minimize the risk of slippage - the difference between the expected trade price and the actual price. 

Liquidity in cryptocurrencies is important, but unlike the Forex market, there is a notorious lack of liquidity in the crypto market. The need for liquidity aggregation is therefore really crucial to bring crypto to the level of trading and activity like in the forex market. In this article, we’ll understand why liquidity is important and […]

It all started from tinkering with his uncle’s MS-DOS personal computer when Ted was just in primary school. Today, Ted Quek is Broctagon's CTO (Chief Technology Officer) and Co-founder, a company that is a licensed multi-asset liquidity and technology provider headquartered in Singapore with global presence serving clients across 50 countries.

A good customer relationship management (CRM) system is an essential part of any successful brokerage. An ideal brokerage CRM will help businesses prepare for growth by organizing and managing all client-related information within one space. Choosing the right CRM will also help streamline business processes, increase efficiency, and improve business yield.

Investing is about managing risks to reap rewards but everyone has different ideas about how to get there and just how much they are willing to gamble on reaching their wealth goals, says Broctagon Fintech Group's CEO Don Guo.

Day 1 is abuzz at iFX International 2023! The day is lively as attendees from around the globe gathered at the impressive City of Dreams Integrated Resort, with its vibrant landscape of Liquidity Solutions, Forex Brokers and Technology Providers showcasing their cutting-edge products and services. FIND US AT Date:19-21 September 2023 Venue:City of Dreams Mediterranean Integrated Resort in Limassol, Cyprus The Demand For Bespoke Liquidity This year, we witnessed a notable surge in demand for tailored liquidity solutions, as FX Brokers look to enhance their trading conditions to distinguish themselves in the increasingly competitive FX arena. Beyond our already extensive portfolio of over 1,800 assets featuring ultra-tight spreads as low as zero, we're excited to introduce new innovations this year that have garnered an overwhelming response. Be sure to check us out! Looking To Supercharge Your FX Brokerage? Beyond liquidity, we are a full suite FX Solutions Provider with a proven track record serving over 350 clients worldwide. For all your FX needs, partner with the best, at Broctagon. Meet Our Experts We're here at iFX International Expo until September 21st, so don't miss the opportunity to have a chat with us in person! If you can't make it to the expo, no worries—our specialists are also available online at any time to discuss your business needs. We're committed to providing you with top-notch support, whether you're here with us in person or connecting virtually. Your success is our priority, and we're ready to assist you every step of the way. Schedule a Consultation Meet Us At Our Next Event Broctagon will be at the upcoming Forex Expo Dubai 2023, the 6th grand edition of the premier trade and investment ecosystem event which brings together Forex traders, IBs, Investors, Financial Institutions, and Brokers from all over the world. Join us at the World Trade Centre in Dubai, Hall 6, Booth 178 from 26-27 September 2023!

We started with a dream to bridge the gap for highly tailored FX solutions that add tangible and impactful value to Forex Brokers. 14 years and hundreds of brokers later, we revisit the question – What is Broctagon? Our team at iFX Expo Asia 2023 shares their answers. Broctagon is about Business Integrity. With strict compliance and a perfect track record, our multi-asset liquidity and aggregator technology empowers some of the largest brokers in the world.  Broctagon is Radical Innovation. We built the first FX CRM with multi-level IB rewards that is now fueling the expansion of many brokers globally, bringing in thousands of traders daily.  Broctagon is about Freedom to clients. We understand that every client is unique and there is no cookie cutter solution that fits all. That is why our solutions are modular, bespoke and can be tailored to the specific needs of your Broker.   Lastly, how do we motivate high performers and create synergy? Broctagon is all about Clan Culture. We are eager to collaborate both internally and with clients, and we stand firmly by our belief that our success only comes after yours. That is why the bulk of our clients have long-term partnerships with us. With a strong focus on these principal values and collaborative spirit, Broctagon has worked its way up to becoming the trusted partner for turnkey FX solutions, catering to the needs of brokers worldwide. If you ever need Forex solutions, remember - We’ve got your back, always.

Broctagon was invited to the Oracle’s Executive Connect Session held at the Sheraton Tower Hotel, Singapore, on 12 July 2023.

In the ever-evolving world of the Forex markets, Broctagon has consistently emerged as a leading provider of comprehensive turnkey solutions for brokerages worldwide. Recently, at the internationally acclaimed Bangkok iFX Expo Asia 2023, the team at Broctagon had the opportunity to sit down with renowned financial news media outlet FX168 for an exclusive interview on how we stay competitive, relevant and innovative. The Industry’s Trusted Name For 14 Years The focus of the interview with FX168 was Broctagon's cutting-edge FX Broker technology solutions as well as our wealth of experience as the industry’s trusted multi-asset liquidity provider. During the interview, Broctagon's Sales Director Sy Jinn shared our journey to becoming a recognized name and premier solutions provider, being one of the few providers in the forex industry to have a long-established history of 14 years. Broctagon's success is rooted in our ability to constantly innovate, delivering highly customizable end-to-end solutions that cater to the diverse needs of both forex brokers and their traders, through a deep understanding accumulated from years of battle-tested experience. From our institutional liquidity of more than 1,800 instruments, to the industry’s most powerful unlimited-tier IB system and now with the latest launch of our ZeroX trading platform, Brokers get a leg up on the competition with Broctagon’s turnkey and tailored technology. Broctagon sets itself apart with its dedication in challenging the status quo and delivering beyond expectations. Harnessing the power of emerging technologies allows us to stay at the forefront of Brokerage technological advancements, but it is being fiercely client-centric that drives continuous improvement. The Future of Fintech Jinn shared the vision for the future of Broctagon within the forex industry, fueled by the company's commitment to ongoing expansion of products and service offerings. Owing to this, Broctagon has been unparalleled by other providers, propelling us far ahead, particularly in the last two years. He commented on the growing global interest and shifts in trends for trading due to stricter regulations, stating that these are exciting times for investors and thus a great opportunity for full-suite solution providers like Broctagon, to anticipate their needs. Interested in starting an FX Broker or a demo of any of our products? Schedule a free consultation with us to discuss tailoring our solutions to your needs.

Broctagon returned to Thailand once again for the internationally acclaimed iFX Expo Asia 2023 from 20-22 June 2023 at Centara Grand & Bangkok Convention Centre at CentralWorld. After a successful launch for the first time in Bangkok in 2022, this year’s immersive event set a new benchmark, bringing together over 100 speakers and 3,000 attendees for 2+ days of networking and knowledge sharing. The iFX Expo proved to be a dynamic platform for engaging in vibrant and innovative discussions, where industry leaders and influencers came together to shape the future of the FX market. Broctagon: More than just a Full Suite FX Solutions Provider We started with a dream to bridge the gap for highly tailored FX solutions that add tangible value to Forex Brokers. 14 years and hundreds of brokers later, we revisit the question – What is Broctagon? Our team at iFX Expo Asia shares their answers. With a strong focus on business integrity, radical innovation, freedom to customize and a collaborative clan culture, Broctagon is the trusted partner for turnkey FX solutions, catering to the needs of brokers worldwide. We’ve got your back, always. The Complete FX Broker Turnkey Solution - Trading Platform, CRM & Liquidity fully integrated As the leading full-suite FX solutions provider in Asia and a longstanding partner of iFX Expo for over 8 years, we were greeted with many familiar faces and grateful for the overwhelming response and significant interest in our products and offerings – especially with the launch of the ZeroX Trader. Fully integrated and optimized with our proprietary CRM and Multi-Asset Liquidity, Brokers with the ZeroX will instantly be able to offer more than 1800 financial instruments such as Forex, Commodities, Shares, Indices, Futures and Crypto CFDs in a safe and secure environment. Coupled with the industry’s most powerful AXIS FX CRM, Brokers can leverage sophisticated data tools and multi-tiered IB and affiliate system to expand their business rapidly. The ZeroX trading platform answers the industry’s need for an alternative trading platform that is simple yet powerful. ZeroX easily supports the seamless migration of all trading activity including open positions and history from any other trading platforms. Thank you for visiting our booth. We treasure every conservation as inspiration that drives our innovation and improvement. If you wish to explore any of our solutions, our team of specialists is always at your service and ever willing to share our extensive knowledge, resource, and network. Your success is our motivation, let’s talk! An Exclusive Interview with FX168 At the expo, we had the opportunity to sit down with renowned financial news media outlet FX168 for an exclusive interview on how we stay competitive, relevant, and innovative. Our Sales Director, Sy Jinn gave insights into our journey to becoming a recognized name and premier solutions provider, being one of the few providers in the forex industry to have a long-established history of more than a decade. Watch the full interview here Read More: Interview with FX168 Missed Us at iFX? We are Online 24/7. Didn’t manage to attend iFX Expo Asia 2023? No worries. Schedule an online meeting with our specialists anytime to chat with us about your FX Broker needs. Our team of experts is fully prepared to offer personalized guidance and address any inquiries you may have. Whether you intend to customize our solutions specific to your business needs or explore potential avenues for expansion, we are excited and always ready to tailor effective solutions just for you!

We are excited to be returning to Thailand once again for the internationally acclaimed iFX Expo Asia 2023! This premier event brings together over 100 speakers and 3000 attendees for 2+ days of networking and knowledge sharing.

Broctagon was at the largest event of the B2B fintech industry, the first of the year, iFX Expo Dubai 2023. We were at Booth 85 from January 17-18, at the Dubai World Trade Centre, Za’abeel Hall 6. It was an extremely busy and fruitful two days at the Broctagon booth with overwhelming interest from the crowd over our competitive liquidity offering boasting tight spreads from as low as 0, unique customizability and wide range of instruments. We are grateful for all the new partnerships forged as well as the support of existing clients.  Don't miss our expo-exclusive signup An expo highlight is our flagship product - AXIS - a highly-customizable powerful, modular CRM complete with an IB-centric module that boasts some of the most advanced affiliate marketing tools for rapid market expansion. For a limited time during the expo, we are offering prospective clients a risk-free signup to experience the spectacular features of AXIS, no setup or migration fees needed! Brokers who schedule a demo with us during the iFX Expo period (either virtual or in-person).  Schedule a Consultation Schedule a meetup to find out about our performance-driven and bespoke solutions that will help your brokerage take the competitive edge. Scheduled a Consultation Scheduled a Consultation Past iFX Expos As veteran partners of iFX Expo, here’s a recap on our participation in last year's iFX expos around the world, sharing our expertise on building a competitive forex business with brokers globally.

It's the first event of the new year! Start off the year with new inspiration as we once again convene at the leading global B2B fintech event, iFX Expo Dubai 2023! Join us in the UAE for a 2-day event where industry pioneers share and shape the next big idea in FX innovation.

Broctagon was at Forex Expo Dubai 2022, the largest trading event of the year in the Middle East! More than 8,000+ Investors and Forex industry leaders came together to network and explore new business opportunities in the forex space. Find out from our industry experts about the current investment trends and regulations in the forex markets. […]

Starting a Forex Brokerage can be a thrilling business venture. However, just like any other business, it is crucial to take into account vital aspects such as developing a sound business plan, registering the business, obtaining the necessary technology, partnering with liquidity providers, and selecting the types of trading assets to offer. You might be wondering, how do I start, and how much is the cost to start a forex brokerage? Cashflow plays a significant role in most start-ups and businesses and an FX Brokerage is no exception. One of the main challenges is the failure to recognize and prepare for the running expenses. This article will explore the factors to consider when calculating the cost of setting up a new brokerage. With this knowledge, you can proceed with clarity. How much does it cost to start a Forex Brokerage? If you want to start a Forex Broker but are concerned about the capital required, then this article is for you. We will explain and breakdown the potential cost to start a forex brokerage, and the potential things will have to bear for every aspect. While launching your Forex Brokerage, you have the choice of: Building an FX Brokerage from scratchCost Estimate – upwards of $60,000 to $100,000 per month (excluding operational manpower costs). Cost is dependent on the size of your IT team and the complexity of the product you are developing. Selecting a White Label SolutionCost Estimate – between $4,000 to $8,000 a month (excluding operational manpower costs). Cost is dependent on your number of users and whether you require additional customizations and plugins. Both options have their pros and cons. While developing from scratch provides you full control and technology ownership, it demands a monumental amount of time, resources and money. To do so successfully, you must possess a significant technological expertise and a thorough understanding of the Forex business modus operandi. The capital outlay is also highly intensive to maintain a team of engineers, DevOps, solution architects and more. The basic salary of such a team to develop all the technological aspects will be minimally tens of thousands of dollars. This intricate and time-consuming process coupled with high entry barriers is the reason why many entrants opt to use existing white label solutions to enter the lucrative Forex market. Turnkey solution providers offer a fuss-free approach that saves both time and money, leveraging ready-technology and that can be deployed for your immediate usage. Although there are more limitations as compared to developing your own software, modern White Label solutions are extremely modular and are highly customizable and more often than not, able to satisfy the unique requirements of each Forex Broker. In the following sections, we will explore the various White Label Solutions available to complete a full brokerage setup. What type of fees to expect for starting a Forex business? The charging model for providers varies with many accompanying factors for consideration. However, aspiring brokers can expect the following categories of fees. Setup fee These are usually one-off fees associated with the first configuration and branding to suit your brokerage’s specific requirements. This  could be setting up a trading platform, a Client Office (CRM), or liquidity. Monthly fee These are recurring licence fees to Technology Providers for utilizing their software. These fees are commonly based on user count and inclusive of hosting fees. Volume-based fee These type of fees are usually paid to Liquidity Providers for the total volume of transactions executed. Such fees also apply to Payment Solution Providers and charged based on the volume of funds processed. Now, let’s dive deeper into each component to understand the accompanying cost to start a forex brokerage. Incorporation and Licensing For a Forex Broker to be considered trustworthy and legitimate, it is crucial to register as a financial body with a reputable regulator. This process involves incorporating a company and obtaining a license from the regulatory body, which comes with varying fees and requirements depending on the jurisdiction and type of license. Some licenses may require a regulatory capital that ranges from 100,000 USD to upwards of £750,000, especially for principal licences. Besides costs, time is also an important factor to consider before deciding your regulatory body of choice. Established regulators such as  Cyprus Securities and Exchange Commission (CySEC), UK’s Financial Conduct Authority (FCA), or Labuan Financial Services Authority (LFSA) may take more than 12 months and cost upwards of 80,000 USD for the application. Forex licences in jurisdictions such as Vanuatu, Comoros, Mauritius, and Seychelles may take anywhere from 2 to 6 months and cost upwards of 20,000 USD.  It is important to note that some software solution providers require certain licenses in order to onboard. Less-reputed licences may not be accepted. Therefore, it is essential to evaluate the licensing fees and requirements of various regulatory bodies to determine the most suitable option for your brokerage. The process can also be significantly hastened by working with a FX full-suite provider that offers incorporation and licensing consultancy and services. Disclaimer: Fees are accurate at the time of publish and are offered as an estimate. Fees may vary based on the complexity of the application. Banking and Payments Channels In order to collect deposits for your Forex Brokerage, you will need to consider banking options and payment systems. Under certain offshore jurisdictions, you may require an agent to help with the opening of bank accounts and service fees can range in a couple of thousand dollars. To facilitate easy deposits and withdrawals for your traders, integrating with reputed payment service providers (PSPs) are also important. Fees generally range between 1.5% to 5% of volume, depending on the size of your monthly transactions and currency type, in addition to a fixed fee per transaction. To easily access a wider range of PSPs, it is advisable to choose a software solutions provider that has pre-integrated with these channels, so everything is readily available and there is no further technical hassle on your end. Technology Trading Platform The core element of any Forex Broker is none other than the trading platform. It needs to be robust, secure, intuitive and packed with trading tools for your clients. Recognized as the industry standard by the global trading community, the MetaTrader 4 and MetaTrader 5 stands out as the preferred choice of trading platform. In order to apply for the MT4 or MT5 Main Label licence, you will be required to pass a stringent KYC process and a major Forex License is a prerequisite that will set you back tens of thousands. At the time of publishing, White Labels are no longer being offered and Main Labels will cost upwards of 7,500 USD per month and increase based on the number of users. Other prominent platforms include the cTrader and ZeroX Trader amongst others. These platforms also offer multi-platform trading terminals on desk, web, and mobile and are great alternatives to the MetaTrader 4 and 5. There are usually no major license requirements, and the monthly fees start from 3,000 USD, at a more affordable range. Do note that different platform providers’ charging model varies, while some are also based on user count, others could be volume based with a monthly minimum fee. CRM (Client Portal + Admin Backoffice) A great CRM is indispensable for Forex Brokers, given how such software can streamline client management and enhance end-user experiences. A CRM usually consists of 2 main components: Client Portal – The frontend login for traders to manage all their accounts at a glance, change preferences, deposit and withdrawal funds and interact with support etc. Admin Backoffice – A backend login for your Broker’s operational team to handle all clients’ requests, access reports, manage user roles and leads etc. These functionalities of a CRM become increasingly important as you expand, granting the automation necessary for scalability. Selecting the right CRM for your brokerage is crucial for driving business success. The ideal Forex Brokerage CRM should be modular, highly customizable, and dynamic with automated marketing and Introducing Broker (IB) management tools, enabling brokerages to build networks and increase visibility for their brand. The best brokerage CRM will prepare your brokerage for rapid expansion by offering a range of tools, from affiliate marketing to ticketing support, to ensure smooth onboarding and retention of clients. Learn about some key features a good brokerage CRM should have here. Broctagon is home to one of the industry’s most powerful Forex Broker CRM. With more than 350 customizable parameters and a multi-tiered IB/affiliate system, Broctagon’s AXIS CRM can be branded and deployed in just 24 hours. Fully integrated with MT4, MT5, cTrader, and ZeroX with an open API Marketplace that is preconnected to VoIP, KYC, and Payment service providers, your Brokerage can begin operations instantly. Depending on the user count, and choice of SaaS or dedicated, a CRM setup and licensing fee from Broctagon begins at 500 USD with no compromise on functions across all packages. Liquidity The choice of Liquidity Provider affects the product offerings and trading environment that a brokerage can provide its clients. It is essential to choose a liquidity provider that offers tight spreads and a wide range of instruments so that your brokerage is competitively priced with sufficient market exposure. Even more importantly, it is crucial to work with a licensed and regulated liquidity provider in reputable jurisdictions, to reduce your counterparty risk.  Established providers typically offer Prime of Prime (PoP) liquidity, which acts as an intermediary between retail Forex Brokerages and Banks (Prime Brokers). This enables the retail Forex Brokerage to gain access to institutional interbank liquidity, providing the necessary liquidity for seamless trade execution. Broctagon is a leading Prime of Prime, dual-licensed (CySEC, Labuan FSA) Liquidity Provider with more than 1800+ assets across FX, Metals, Oil, Commodities, Indices, Shares (US/HK/EU/JP/UK) ETFs, Futures and Crypto CFDs. Via proprietary price aggregation technology, we stream liquidity up to 10-tier Depth of Market (DOM) with a straightforward “plug and play” integration even for clients with no existing liquidity bridge. The charging model for most liquidity providers is a monthly minimum fee and volume fee, whichever is higher. The Monthly minimum fee for Broctagon liquidity starts from 2,500 USD per month with a flat volume fee across all instrument types. Conclusion The cost to start a Forex Brokerage business can be complex with many movable parts and factors. It requires a thorough analysis of various elements such as the type of business structure, location, licensing, technology, liquidity providers, payment systems, and customer relationship management. Moreover, different jurisdictions have different regulatory requirements and compliance costs, which can affect the overall expenses. Therefore, it is important for aspiring brokers to approach this process with careful consideration and planning. It is also advisable to seek professional advice from experienced full-suite solution providers who have both the width and depth of experience to help ensure you make informed decisions to minimize any unnecessary risks and detours. By taking these steps, new brokers can determine the most effective and efficient way to start their business and build a strong foundation for long-term success in the highly competitive forex market. If you wish to speak with our specialist for a free consultation, we are always happy to chat.

The current era of rapid digital transformation has revolutionized financial transactions and investment models. Cryptocurrencies and blockchain technology have ushered in a new age of Decentralized Finance (DeFi) and tokenization strategies. Amidst these significant shifts, one strategy has emerged as a vital component in this evolving landscape: Token Vesting. This strategy, which involves a structured and systematic approach to releasing tokens to investors, employees, and other project participants, has proven instrumental in ensuring fairness, transparency, and security in the token economy. But how can one effectively harness this game-changing strategy? Enter Broctagon's bespoke Token Vesting Platform Development services. Broctagon's Token Vesting Platform: A Beacon of Trust and Security At the heart of our offering is the ready-made, white-label Token Vesting Platform. Designed as a secure and trustworthy solution, this platform fundamentally aims to safeguard the long-term value of your digital assets. While doing so, it does not compromise on user experience, instead providing an unparalleled, user-centric interface for your token stakeholders. Our platform addresses multiple areas of concern in the digital asset management landscape. Its robust security and customization features set it apart from the crowd. Whether it's the flexibility in vesting schedules, the assurance of pre-audited smart contracts, or its compatibility with any token, our platform demonstrates our unyielding commitment to safety and customization. Why Choose Broctagon? At Broctagon, we believe that your brand's identity is integral to your success. This conviction is reflected in our token vesting platform, which offers a ready-made User Interface (UI) with fully customizable branding options. Our platform is a perfect blend of technology and aesthetics, delivering a seamless and user-friendly experience that seamlessly mirrors your brand's identity and vision. One of the fundamental pillars of the digital token world is safety and security. To safeguard your digital assets, our platform is built upon the robust framework of self-executing smart contracts. These contracts function with precision and impartiality, ensuring the secure distribution of tokens. Furthermore, our smart contracts have undergone rigorous pre-audit procedures, ensuring they are free from vulnerabilities and risks. This added layer of security serves to fortify the trust of your token holders in your brand and its digital assets. Embracing Flexibility and Transparency Project timelines and requirements can vary greatly, necessitating a flexible approach to token distribution. Keeping this in mind, our platform provides flexibility in vesting schedules and distribution plans. Be it linear, monthly, or quarterly token distributions with cliffs, our platform caters to a wide range of distribution strategies, enabling you to adapt to your project's unique requirements. Transparency is the cornerstone of any successful token distribution strategy. We emphasize this principle by integrating a visual tracking interface into our platform. This intuitive tool provides user-friendly visuals that allow token holders to track allocated and claimable tokens effortlessly. This transparent tracking mechanism not only fosters trust but also promotes active participation from token holders, contributing to the overall success of your project. The Broctagon Advantage: Harnessing Expertise and Delivering Dedicated Support At Broctagon, we bring to the table industry-leading expertise and experience in fintech and blockchain. Our in-depth knowledge and skills enable us to develop and deliver cutting-edge solutions that align perfectly with your business needs. Our commitment to your success extends beyond the delivery of our platform. We offer dedicated support throughout your journey, from the initial setup to the launch and even beyond. Our team is committed to ensuring a seamless and rewarding experience, enabling you to concentrate on what truly matters - driving the growth and success of your business. Unleashing the Potential of Token Vesting The volatile nature of digital assets underscores the importance of a strategic, measured approach to token distribution. Token vesting is a strategy that has proven its mettle in maintaining the value of digital assets over the long term. By ensuring a gradual, scheduled release of tokens, it effectively mitigates the risks associated with abrupt sell-offs and market fluctuations. Broctagon's Token Vesting Platform Development services masterfully leverage this strategy, bringing its full potential to bear on your project. Our platform's flexible and customizable vesting schedules allow you to fine-tune your token distribution to perfectly align with your project's objectives and the expectations of your stakeholders. This adaptability sets us apart from our competitors, equipping us to cater to different participant categories and unique project requirements. Powering Ahead with Broctagon: Ensuring a Seamless Token Distribution Experience At Broctagon, we harness the power of blockchain technology to design our token vesting platform. The foundation of this platform is self-executing smart contracts, which facilitate a seamless and secure token distribution process. Moreover, these smart contracts have been pre-audited to eliminate vulnerabilities and ensure the safe handling of your digital assets. Our platform is designed to accommodate any token, marking it as a truly universal solution. So, whether you're dealing with established cryptocurrencies or launching a brand-new digital asset, our platform is ready to cater to your needs. Embark on Your Journey Towards a Prosperous Token Economy with Broctagon The future of tokenization is here, and it is secure, transparent, and customizable. Optimize your token distribution, instill confidence in your stakeholders, and empower your token economy with Broctagon's superior token vesting platform. Experience the transformative power of an efficient and equitable token distribution system by scheduling a free demo with us. Together, let's redefine the landscape of token distribution and shape a fair, fruitful token economy. Don't just take our word for it - reach out to us today and start your journey towards a thriving token economy. With Broctagon's comprehensive Token Vesting Platform Development services at your side, the future of your project looks bright indeed.

Read more about what is CFD (Contracts for Difference) Trading and the benefits for FX Brokers to provide CFD trading.

The foreign exchange (Forex) market is the world's largest and most liquid financial market, and in recent years, the rise of online trading platforms and mobile proliferation have made it easier than ever for individuals to participate, driving increased retail trading activity. Trading technology has also advanced significantly with many Software-as-a-service (SaaS) platforms providing White Label services, making it simpler and less capital intensive for new Forex Brokers to emerge. If you're interested in setting up a Forex Brokerage, it's essential to understand the processes involved in starting and running such a business. Establishing a forex brokerage can be a lucrative venture, but it requires careful planning, preparation, and execution. The ability to differentiate yourself in an increasingly crowded marketplace is also pivotal to success. In this guide, we will outline the key steps involved in setting up a Forex Brokerage, from researching regulatory requirements to acquiring the necessary technology and talent to run the business. Whether you’re an IB looking to launch your own brokerage, an aspiring entrepreneur, or an experienced trader looking to set up your own trading firm, this guide will provide you with a comprehensive overview of the critical steps involved in launching a successful forex brokerage. 1. Define Your Target Market To enhance your likelihood of success, it is essential to have a clear understanding of the crucial demographics and psychographics of your target audience, ideal customers, and competitors. This knowledge will enable you to tailor your offering and make your marketing approach more targeted, as well as help decide on the jurisdiction in which you would like to incorporate your company. It is also highly advantageous to have an existing Introducing Broker (IB) network when you kick-start your FX Brokerage. IBs are crucial when it comes to market expansion as they are essentially referrals who market your platform and are paid commissions when their referred clients trade. Establishing such networks will set the foundation for a healthy launch. 2. Determine the Capital Needed One of the main reasons for the failure of Forex Brokerages is a lack of understanding of the true cost of running an FX business. Whether you're considering white labelling or building a brokerage from scratch, the capital required for starting up can vary significantly. It's important to consider the various expenses involved, such as registration fees, setup fees, technology costs, licensing fees, and monthly service fees. To gain a better understanding of the costs involved in setting up a forex brokerage, you may refer to our article "How Much Does It Cost to Set Up a Forex Brokerage?" This article provides a detailed breakdown of the expenses associated with starting and running a forex brokerage, enabling you to better plan and budget for your new business venture. 3. Decide Which Jurisdiction to Incorporate and License to Obtain When deciding on the country of incorporation and jurisdiction for your forex brokerage, it's important to consider several factors beyond just your target audience. These factors may include: Which licence are you intending to apply for? How crucial is the jurisdiction in attracting and retaining clients? Some jurisdictions are deemed more reputable. How quickly do you want to launch your forex brokerage? What are your preferred methods for processing client transactions? Which bank would you choose to open your corporate bank account with? What is your available budget? The timeline and costs associated with incorporating in a particular jurisdiction or obtaining certain licenses can be vastly different. While some jurisdictions may allow for a relatively quick incorporation process of one to two months, others may take 12 months or more. In terms of licensing, the capital requirements and application fees can also add up to a hefty sum, especially with more reputed licenses such as Financial Conduct Authority (FCA UK) or Cyprus Securities and Exchange Commission (CySEC). By carefully evaluating your needs and resources, you can make an informed decision on which jurisdiction is best suited for your Forex Brokerage. To save both time and money, it is highly recommended to seek advisory from seasoned FX solutions providers or licensing agents to help increase the chances of successful license applications. 4. Choose the Right Business Model In addition to the choice of jurisdiction, the decision on which brokerage model to adopt is equally important. There are four models available, namely the market maker model, the agency or STP model, the ECN model, and the hybrid model. Each of these models has its own unique characteristics, advantages, and disadvantages. The brokerage model you choose will have a significant impact on how transactions are executed and how fees are determined, whether in the form of commissions or spreads. It's important to carefully consider the various factors and trade-offs associated with each model before making a final decision. Ultimately, choosing the right brokerage model is critical to the success of your forex brokerage and its ability to meet the needs of your clients. Read: STP vs MM Brokerage Model 5. Set Up Brokerage Infrastructure – Trading Platform & Technology There are typically 2 options to set up an FX Brokerage, each with its pros and cons: Building a brokerage from scratch or setting up via a White Label solution. The former will allow you complete control and full autonomy of all nitty-gritty elements, but it will require immense time, manpower and resources. You will not only require a deep understanding of Forex, but also the technological aspects as well, to form the right team for product development. For the majority of brokers, the ideal choice would be to work with an established solutions provider. A reputable full suite FX provider will be able to supply all technological components that a FX Broker requires, from trading platform and managed server hosting to Customer Relationship Management Systems (CRMs) and trading plugins. As a White Label, your broker will get a quick start while still enjoying the benefits of being customizable and operating under your own brand. Brokers usually pay a monthly license fee for usage of these White Label software and in some cases a setup fee. However, these fees are a mere fraction of the cost required to develop your own. Choosing the right technology partners will set you on the right path to success in providing a great trading experience to your clients. In fact, it is never too late to start developing your proprietary technology after gaining experience from running a successful and profitable brokerage, when tailored needs, security or privacy becomes ascendingly important. At that stage, your business insights, knowledge of the markets and budget available may be more apt in embarkation of such a mammoth technological undertaking.      6. Connect With a Liquidity Provider (LP) Having a wide variety of trading instruments with tight spreads is crucial to providing a competitive trading environment for your traders. To achieve this, liquidity is a vital factor in ensuring smooth execution at the best prices. With many options in the market, selecting the right Liquidity Provider (LP) can be narrowed down to these few factors. Regulatory – funds security is of utmost importance, and you will want to deal with a regulated entity in reputable jurisdictions. Some examples are UK Financial Regulatory Authority and the Australian Securities and Investments Commission, Cyprus Securities and Exchange Commission and the Malta Financial Services Department. These licences require the LP’s client’s funds, in other words your funds, to be in a segregated bank account so that it does not co-mingle with the LP’s operational funds. This provides an additional layer of security. Aggregated liquidity – you will want to pick an LP with liquidity that is aggregated from multiple sources so that you consistently have access to the best prices. Such LPs also have a wider range of asset classes as well as greater market depth should you require to send large orders. 24/7 Support – trading occurs round the clock and with the advent of digital assets, weekends are now open for trading as well. The LP you choose must offer timely support to solve issues fast as the Forex markets are rapid and unforgiving. Every erroneous second can be extremely costly. 7. Connect With a Payment Processor In order to accept deposits from clients as efficiently and effortlessly as possible, you need to work with one or more Payment Service Providers (PSPs). A PSP is a third-party service provider that creates a single gateway for a Forex Broker to accept a broad range of payments via credit cards, debit cards, digital wallets (e.g. Paypal, Skrill, etc.), and crypto wallets. There are a variety of factors to consider when choosing a PSP. Starting from the provider’s risk profile to countries of operation, technical aptitude, number of available currencies, amount of payment channels, transaction costs, holding time, stability and reputation. A reliable PSP can also get you better conversion rates, which are savings you can pass on to your clients. PSPs usually charge a flat transaction fee per transaction as well as a fee a percentage volume fee. The lower these fees are, the better rates you’ll be able to offer your clients. Because PSPs have access to your funds, you want to choose one that is well-established with a good reputation. The easiest way to go about this is to work with a long-standing FX solutions provider once again. Experienced providers usually have an existing network of PSPs already integrated into their systems so there is no need for additional onboarding costs or lead time. 8. Hiring A Team Running a Forex Brokerage requires a dedicated team of professionals, including sales personnel, client support representatives, core IT team, affiliate managers, accounting staff, risk management team and more. The number and roles of the team members needed depend on the size of your brokerage operations. When building your team, it's important to consider the costs of employment, such as salaries, benefits, and training expenses. Recruiting the right team is a critical aspect of building a successful forex brokerage. Each team member plays a vital role in the overall success of your brokerage, and it's essential to ensure that they have the necessary skills and expertise to perform their duties effectively. By carefully considering the number and roles of staff needed, as well as the associated costs, you can plan and build a strong team that will help your brokerage thrive in a highly competitive market. Turnkey Brokerage Setup For a fuss-free brokerage setup, many choose to launch their brokerages with a turnkey solutions provider like Broctagon. By seeking an experienced provider, not only will you benefit from time and cost savings, but you will also be able to navigate the perils of wrong decisions and unnecessary mistakes. You can also have confidence of service quality and consistency, as well as the assurance that all technological components will work seamlessly together, creating a cohesive and unified system that optimizes performance and enhances the overall user experience for your team and your clients. With more than a decade of experience in the fintech industry, Broctagon has established itself as a leading provider of cutting-edge brokerage solutions. We take pride in our unwavering commitment to delivering top-notch trading technology and multi-asset liquidity to brokerages globally. We are dedicated to elevating brokerages by equipping them with the necessary technology to attract clients and manage their business operations efficiently. Set up a meeting with us for a free advisory call, platform demo, and tailor your winning combination of brokerage solutions!  

Understanding the differences between a Straight-through-processing (STP) and Market Maker (MM) broker.

In the foreign exchange (FX) market, liquidity providers and brokers work together to facilitate trading. Liquidity providers supply the market with tradable currency pairs and provide pricing information. Brokers, on the other hand, connect traders with liquidity providers and execute trades into the market, on their behalf.

Liquidity providers play a crucial role in financial markets and exchanges to ensure a seamless execution of trades, and to provide buyers and sellers with the ability to buy and sell at any time. By providing liquidity to the market, liquidity providers help reduce volatility, ensure that prices remain stable, and minimize the risk of slippage - the difference between the expected trade price and the actual price. 

Liquidity in cryptocurrencies is important, but unlike the Forex market, there is a notorious lack of liquidity in the crypto market. The need for liquidity aggregation is therefore really crucial to bring crypto to the level of trading and activity like in the forex market. In this article, we’ll understand why liquidity is important and […]

A good customer relationship management (CRM) system is an essential part of any successful brokerage. An ideal brokerage CRM will help businesses prepare for growth by organizing and managing all client-related information within one space. Choosing the right CRM will also help streamline business processes, increase efficiency, and improve business yield.