FOR MODERN
FX BROKERS

We enable brokers to launch distinctive brands successfully.

One Stop HubFrom technology to liquidity, all in one place.

Fast & EfficientSave time and money with no development required.

CORE SOLUTIONS

Prop Trading Challenge

Prop Trading SolutionsFully managed Prop Firm setup or plug-n-play Prop Challenge system for your FX Broker, we’ve got both.User Guide
MT4 & MT5 White Label

FX Trading Platform (ZeroX)Turnkey FX Broker setup. Fast, competitive and hyper optimized with our CRM and liquidity.
AXIS FX CRM

FX Broker CRM (AXIS)Your highly customizable and fully branded FX Broker CRM deployed in 1 Day. SaaS model, no setup fee.User Guide | Release Notes
MT4 & MT5 White Label

MT4 & MT5 White LabelWorld renowned Metaquotes trading platform integrated with Broctagon’s full solution suite.
MULTI-ASSET LIQUIDITY
Over 1800 instruments with spreads from zero & 10 Tier Market Depth.
FULL SUITE
Investment Platform

MT5 Report Server Recreating the flexibility of MT4 Report Server for MT5 White Labels to allow individual customizations. 
Investment Platform

Investment PlatformPAMM / MAM / Social Trading
Ancillary Services

Ancillary ServicesIncorporation / Licensing / Website
Data Centre Security

Data Centre SecurityProtection / Recovery / Pentest
FOR NEXT-GEN
EXCHANGES

We enable exchanges to be instantly competitive with robust liquidity.

FOR PROMISING
TOKEN PROJECTS

We help tokens manage liquidity so they can focus on delivering success.

NEXUS 2.0 EXCHANGE SOLUTIONS
NEXUS Link

NEXUS LinkLiquidity Aggregator &
STP Engine
Supercharge your order books with aggregated liquidity.
NEXUS AutoChart

NEXUS AutoChartData-Driven
Chart Synthesis
K-line plotting with global price discovery.
NEXUS Core

NEXUS CoreAutomated Market Making
System
Highly customizable with
full in-house control.
TOKEN SOLUTIONS
NEXUS Native

NEXUS NativeAltcoin / Native Token
Liquidity Management
Market making and capital management system.
FOR FUTURE-PROOF
BUSINESSES

We enable businesses to participate in a decentralized future with minimal inertia.

Managed ServiceSo you can focus on your core business

SeamlessIntegrate blockchain into your current infrastructure

LET’S TALK

Free Consultancy

Free ConsultancyAllow us to understand your business to customize the perfect fit for your needs.

Schedule a Meeting

BLOCKCHAIN SOLUTIONS
NFT Marketplace

NFT MarketplaceLaunch your fully branded NFT marketplace x social media platform.
Asset Tokenization

Asset Tokenization PlatformLaunch your tokenized assets complete with an APP, CRM and Explorer with our plug-and-play platform.
Blockchain-in-a-Box

Blockchain-in-a-BoxIndustry-agnostic data
integration on chain for
experimental implementation.
Whitepaper Creation

Whitepaper CreationCraft a professional whitepaper complete with project and
technical advisory.
Enterprise Development

Enterprise DevelopmentTailored, end-to-end solutions
and consultancy for non-disruptive blockchain implementation.
DEFI SOLUTIONS

DeFi Yield Farming

DeFi Yield Farming Advanced DeFi Farming Solution
DeFi Arbitrage Bot

DeFi Arbitrage BotAutomated DeFi Arbitrage System
DeFi Lending

DeFi LendingDecentralized Lending-Borrowing Platform
DeFi DEX AMM

DeFi DEX AMMDecentralized Exchange and AMM
DeFi DEX AMM

DeFi StakingTailored Staking Platform Solutions
DeFi DEX AMM

Token VestingRobust Token Distribution System

Brokerage. Blockchain. Buzz.

Welcome, find all things buzzing on board at Broctagon’s blog! Here you’ll find the latest in blockchain news, exciting event highlights, insightful thought leadership in forex and crypto, and more. Be the first to know all about our  events and most innovative tech updates – all in one space.

This major release brings a host of updates to our Prop Trading System, elevating experiences for both end users and administrators. Now, Prop Firms can effortlessly calculate and distribute profit sharing not only to challengers but IB/referrals as well, offering a powerful incentive to attract more participants. Furthermore, the challenge setup process has been refined for enhanced intuitiveness and flexibility, such as assigning challenges based on client groups, non-disruptive challenge terminations and more. Dive in to explore the full spectrum of improvements! 1. Revamped Challenge Setup Process Streamlined Step-by-Step Setup Experience a redesigned Challenge setup process, featuring a clear and intuitive progress bar providing real-time updates on remaining steps.   Flexible Display Configuration Take control of your clients' experience by prioritizing which menu to show first: "My Challenge" or "Challenge Details." It's your call whether to have your clients jump right in to choosing packages or to first have an overview of the challenge. 2. Profit Sharing Distribution Profit Sharing Configuration Unlock unprecedented convenience by configuring profit sharing within the system, designed to distribute rewards seamlessly to both challengers and referrals, ensuring a hassle-fee process and timely payouts for all recipients. Flexible Distribution Methods Choose between automated distribution for administrative efficiency or manual distribution for greater control, incorporating a review step before profits are distributed. Adjustable Settlement Frequency Customize your profit-sharing distribution frequency to align with your business strategies and goals. 3. Dynamic Challenge Allocation Across Client Groups Tailored Challenges for Specific Client Groups Assign distinct challenges and packages to different client groups, ensuring a more targeted and customized approach to enhance your client conversion and retention. Non-Disruptive Experience on Live Clients The challenge assignment process emphasizes a seamless transition, guaranteeing that no challenge participant is impacted, thereby ensuring business continuity and and ongoing client engagement. 4. Smart-Switch Challenge Termination Process Seamless Challenge Termination Markets are dynamic and now, you can easily update your challenge configurations accordingly. The smart-switch feature will remove the older challenge preventing further signups while showcasing your new challenge with updated conditions. Non-Disruptive Experience for Live Clients Smart-switch intelligently handles the challenge termination process, ensuring that current participants of the older challenges are not affected, allowing them to proceed until completion. Participants in the older challenge will continue to track their progress, while new participants will enroll in the updated challenge seamlessly. 5. Advanced Notification Management Prop Trading Notification Tab Introducing a specialized Notifications Tab designed to filter all Prop-related requests and tasks, enhancing focus and efficiency. Personalized Congratulatory Email to Challengers Celebrate your challengers' successes with added flair. Now, when challengers successfully progress to the next level, they will automatically receive a congratulatory email from you, including a timestamp on the achieved milestone. You can further customize the email to embed a "Success" certificate as added recognition to your clients. Read here to find out more Sign Up Free Trial Request a Demo

In this update, we’re thrilled to introduce an extension to our IB commission payout module. Now, alongside volume, spread, and profit-based payouts, you can reward your IBs based on commissions configured on your trading platform. Any commissions charged within your MT4, MT5, cTrader, Sirix and ZeroX are synchronized in real-time with the CRM, allowing you to distribute a percentage of these trading platform commissions directly to your IBs. This robust feature not only provides the flexibility to transform a direct platform commission into a multi-tiered reward system, but also ignites synergies for growth and collaboration within your IB network. Additionally, system popup notifications are now extended to your clients as well! Your clients no longer need to sift through emails for updates. The enhanced notification function sends automatic pop-up notifications within the CRM, promptly informing clients about request updates such as approvals or rejections. Stay connected and streamline client interactions effortlessly. Platform Trading Commission-Based IB Payout Model 1. Simple and Direct Configuration This innovative model allows you to extract the pre-set trading platform commissions and further customize it to be distributed by percentages across multiple levels, allowing brokers a straightforward approach to creating an effective IB reward structure. 2. Real-Time Synchronization of Trading Commissions The commissions configured on your trading platforms—MT4, MT5, cTrader, Sirix, and ZeroX—are now synchronized in real time with the CRM. This facilitates prompt payout distribution to your IBs based on the percentage of trading platform commissions you have set. 3. Enhanced Reporting Reports have been further refined with added commission details, providing a clear overview of charged commissions and the corresponding amounts paid to IBs. This optimization simplifies tracking and enhances transparency in your financial transactions. System Pop-Up Notifications to Clients 1. Enhanced Convenience Elevate the client experience with unparalleled convenience. Your clients no longer have to sift through emails; they can receive updates directly from the CRM, ensuring prompt and hassle-free communication. 2. Customizable Templates Tailor pop-up notifications to your preferences. Enjoy the flexibility of customizable pop-up templates, aligning notifications with your corporate branding for a cohesive client engagement. 3. Smart Language Preferences Experience intuitive and seamless communication as the CRM intelligently sends notifications in your client's preferred default language. Stay connected effortlessly with language preferences that prioritize your client's experience. Read here to find out more. Sign Up Free Trial Request a Demo

We're back from the electrifying iFX Expo Dubai 2024, held in the heart of this dynamic city! The financial world converged on this dynamic event, and Broctagon was proud to be in the midst of it all. The expo, which took place from January 16-18, was a whirlwind of excitement and opportunity at the Dubai World Trade Centre. From reconnecting with familiar faces to forging new connections, the energy was infectious. The Welcome Party set the stage for an unforgettable experience and presented a fantastic opportunity to catch up over drinks with industry leaders, clients, and partners. Against the backdrop of the iconic Dubai skyline, we raised our glasses to the promising days ahead. For those who were there, you know what a fantastic night it was! And of course, we made sure to extend an invitation to everyone to visit Broctagon at Booth 130 during the expo. A Powerful Combination of Prop Solutions and World Class Liquidity Day 1 kicked off with a bang as the expo halls filled up rapidly with eager attendees. The Broctagon Team was ready to showcase our latest offerings and solutions tailored to meet the diverse needs of our clients. Whether it's crafting bespoke liquidity solutions spanning FX, shares, cryptocurrencies, and futures, or delving into the realm of fully managed Prop Trading, we left no stone unturned in demonstrating how we can help our partners stay ahead of the curve with our fully integrated solutions suite. The response from the crowd was overwhelming, and we couldn't be more thankful for the enthusiasm and support shown by both old friends and new acquaintances. Your satisfaction and trust in Broctagon fuel our drive for innovation, and we're committed to delivering nothing short of excellence in all that we do. Onward To the Next Adventure: Traders Fair Thailand 2024 As the curtains draw to a close on the iFX Expo Dubai 2024, we're already gearing up for the next adventure. Mark your calendars for the Traders Fair Thailand in Bangkok on 3rd Feb! We can’t wait to meet you in the bustling city of Bangkok to share our perfect blend of international expertise and localized Thai support. In closing, a heartfelt thank you to Dubai, the iFX Expo team, and everyone who made this event a resounding success. Until we meet again, let's keep pushing the boundaries and charting the course to success together. For now, its busy time again with the string of new prop firms and liquidity setups on the horizon. Missed Us at iFX? We are Online 24/7 Couldn't make it to iFX Expo Dubai 2024? No problem at all! You can easily schedule an online meeting with our specialists at your convenience. Fully ManagedProp Solutions Learn More Multi Asset Liquidity Learn More FX Broker CRM Learn More

As the financial industry gears up for the prestigious iFX Expo in Dubai, Broctagon is poised to showcase its innovative suite of FX solutions that epitomize excellence and cutting-edge technology. Scheduled to take place at the Dubai World Trade Centre, this event holds special significance as the first of major finance expo of the year, setting the tone for industry trends and innovations. FIND US AT: Booth:  130 Date: 16 (Welcome Party), 17 – 18 (Expo) Jan 2024 Venue: Dubai World Trade Centre, Za’abeel Hall 6 With a rich history of bringing together global leaders, industry experts, and trailblazing technology providers, the iFX Expo has consistently served as a hub for networking, knowledge-sharing, and the unveiling of groundbreaking solutions. Broctagon's steadfast participation in iFX Expos for over a decade resonates with the expo's tradition of cultivating collaboration and presenting advancements that mold the future of the financial sector. Our enduring participation not only aligns with the expo's rich legacy but also provides Broctagon with a premier stage to spotlight our diverse array of products and services. Multi-Asset Liquidity At the heart of Broctagon’s exhibition is our Institutional grade liquidity spanning over 1,800 instruments. With spreads as low as zero and a 10-tier depth of market, our liquidity solutions are crafted with a commitment to delivering the best trading conditions your FX broker needs to stay ahead of competition. Whether your focus lies in forex, commodities, or cryptocurrencies, we are primed to propel your institutional trading endeavours. Fully Managed Prop Firm White Labels Designed to meet the evolving needs of the modern trader, Broctagon presents a seamless solution for aspiring Proprietary Firms. Our all-encompassing package includes the MT5 Trading platform, a branded CRM, risk management tools, and an end-to-end setup that gets your brand up and running in just one week. Additionally, you have the option to leverage our proprietary funding arrangements, effectively minimizing your capital risks. With Broctagon, embark on your proprietary trading journey with confidence and efficiency. Designing Your Tailored Solution With a believe that every broker’s needs are unique and a reputation for highly customizable solutions, Broctagon stands out as a trusted partner in the fintech space. Come by Booth 130 to have chat to let us propose a solution that best fits your needs. See you there! Schedule an appointment in advance to reserve a slot.

This release brings pivotal enhancements to the Proprietary Trading Challenge system. Notable improvements include more frequent equity monitoring, now calculated every 10 minutes and a more intuitive "participants" tab that now offers detailed snapshots of traders' status. Furthermore, we've streamlined the admin process with automated approval options, challenge duplication and more!

In this new release, we're excited to present the all-new Calendar function—a powerful tool designed to help your team effortlessly manage tasks by providing a comprehensive overview of assignments and their corresponding deadlines. Stay organized and on top of your schedule with this intuitive feature. We've also fine-tuned our PSP deposit settings to offer you greater flexibility. Now, you have the ability to adjust the deposit amounts submitted by your clients, ensuring they align precisely with the funds received in your PSP. This optimization allows greater control in streamlining transactions and avoid administrative hassle. Furthermore, we understand the importance of efficiency in your IB commission processes. With the latest update, you can now choose to disable the display of zero commission data. This thoughtful enhancement not only helps declutter your CRM but also contributes to a more effective commission payout system for your IBs. Key Function Highlights: New Calendar Function Visualize Tasks with Calendar View: Immerse yourself in an intuitive experience as tasks come to life on the calendar, offering a vivid overview of upcoming deadlines. Enhance Collaboration: Empower each team member to seamlessly integrate tasks into the calendar, facilitating the coordination of goals and workloads with ease. Adjustable PSP Deposits Tailored Deposit Amount: Gain the flexibility to directly adjust deposit amounts based on actual funds received in your PSP, reducing post deposit reconciliation administrative work. Effortless Currency Conversion: Experience automatic currency conversion aligned with the updated deposit amount, ensuring effortless and accurate financial transactions. Conceal Zero IB Commission Data Enhance IB Commission Payout Efficiency: Elevate the speed and efficiency of IB commission payouts, fostering stronger relationships and greater trust with your IBs. Focus on Quality Payouts: Streamline analytics by concentrating on meaningful commission payouts by eliminating zero commission data. This contributes to the overall quality of your financial and business insights for informed decision-making. Read here to find out more. Sign Up Free Trial Request a Demo

In this update, we're proud to present the seamless integration Twilio Verify into our CRM. This integration enhances your security measures by offering clients a diverse array of reliable verification methods. With Twilio Verify, clients now have the flexibility to opt for 2FA via various channels, such as voice, messaging, and WhatsApp during the onboarding process. Bid farewell to the constraints of email OTP verifications and empower your clients to select the verification method that best suits their preferences.

Get ready to excite your traders with our latest feature: The Trading Competition module. Amp up the trading thrill by hosting trading competitions for your traders to battle it out for the top spot and win enticing prizes. Launch competitions with unprecedented ease complete with leadership boards and the flexibility to automatically distribute rewards. Install the module today and create an electrifying experience for your traders! Please note that Trading Competition is currently available for MT4 and MT5 only.

Affiliate programs have become pivotal for modern brokerages, especially in today's interconnected digital marketplace. They have evolved from marketing strategies into integral growth drivers. These programs enable brokerages to expand their market reach, boost brand visibility, and generate substantial revenue through networking. In this article, we will provide a detailed explanation of how affiliate programs function, delve into the core concepts of affiliate business models, and explore every key component and functionality within the affiliate ecosystem. What Are Affiliate Programs? Forex affiliate programs are partnerships between Forex brokerages and individuals or entities who promote the broker's services in exchange for a commission or compensation. These programs play a crucial role in the marketing and customer acquisition strategies of Forex brokers. Who can become Affiliates? Individuals who can become Forex broker affiliates come from diverse backgrounds and may include: Bloggers: Owners of finance, trading, or Forex-related blogs can utilize their online presence to promote Forex brokerages. Social Media Influencers & Content Creators: Individuals with substantial followings on platforms like Instagram, Twitter, Facebook, or LinkedIn can create engaging content, offer trading tips, and endorse Forex brokers to their audience. Experienced Traders: Traders with in-depth FX knowledge can produce educational content, share trading strategies, and refer traders to their preferred brokerage. Email Marketers & SEO Specialist: Skilled email marketers can build lists of potential traders interested in Forex and use targeted email campaigns for brokerage promotion, while search engine optimization (SEO) experts can craft landing pages to attract and convert organic traffic. Educators: Forex educators who offer courses or training programs can promote brokerages to their students as a trusted platform for practicing what they learn. Key Opinion Leaders (KOLs): Administrators or prominent members of online forums, groups, or communities can endorse brokerages to their community members. How Do Affiliate Programs Work? Affiliate programs create a symbiotic relationship where affiliates help drive traffic and potential customers to the merchant's business, and in return, they earn a share of the revenue generated from these referrals. This model benefits both parties by expanding the FX Broker’s reach and boosting the affiliate's income potential. Affiliate programs come in different forms from simple embedded links to full-fledged multi-tier structures. Types Of Affiliate/Referral Programs Traders who are interested in becoming affiliates can join the partner's affiliate program. Upon enrolment, they receive exclusive tracking links or referral codes. These customized links play a crucial role in monitoring the traffic and actions resulting from the affiliate's referrals. Here are some of the commission types: Cost Per Acquisition (CPA): Affiliates earn a fixed one-time commission for each referred trader who meets specific criteria, such as opening an account, making a deposit, or completing a certain number of trades. CPA programs provide affiliates with immediate payouts for qualified referrals. Revenue Share (RevShare): Affiliates receive a percentage of the broker's revenue generated by the referred traders' trading activities. This commission structure allows affiliates to earn ongoing, recurring income as long as the referred traders continue to trade. Introducing Broker (IB) Programs: Strictly speaking, IB programs involve a deeper level of partnership than affiliates although it drives a similar objective. IBs earn commissions based on trading activity and often operate with a hierarchical commission structure with multiple levels of earnings. Why Do Brokers Need An Affiliate Program? Enhanced Exposure and Targeted Reach: An affiliate program empowers brokers to amplify their market presence by harnessing the promotional efforts of affiliates who cater to a relevant and interested audiences. This strategic approach broadens the broker's exposure, connecting them with potential clients they might not have otherwise reached. Cost-Effective Marketing Strategy: Due to its performance-based model, brokers compensate affiliates only when specific criteria are met, such as depositing funds or fulfilling a predefined trading volume. This outcome-driven approach makes it highly cost-effective as compared to traditional advertising campaigns that may incur upfront costs with uncertain lead quality. Brand Advocacy Affiliates advocating a broker's services have a vested interest in the broker's success. As active brand advocates, they can furnish positive reviews, testimonials, and recommendations rooted in their personal experiences. This organic promotion enhances the broker's reputation and credibility within the forex trading industry. Scalability and Flexibility Affiliate programs are extremely scalable tools that allow brokers to expand rapidly. With the right CRM and affiliate management technology, Brokers can easily monitor, optimize and refine their affiliate campaigns, leveraging on data-driven insights while working with many affiliates concurrently. Relationship Management Empowering the success of affiliates fosters brand loyalty, a synergy further heightened by integrating a CRM system equipped with affiliate marketing technology for efficient relationship management. This integrated platform streamlines communication, tracking, performance monitoring, and payouts transparently, bolstering operational efficiency and robust affiliate relationships. Competitive Advantage In a landscape where many forex brokers offer affiliate programs, possessing a technological edge becomes paramount. Advanced features like customizable commissions tailored to each affiliate group, real-time commission distribution, limitless referral hierarchy, and multi-tier commissions with customizable rank settings underscore a broker's unwavering commitment to expansion and fostering strategic partnerships. Broctagon AXIS’s IB & Affiliate Core Module Integrated as part of both the client and admin portal, AXIS CRM’s IB & Affiliate core module allows any trader to instantly promote your Brokerage. Deploy the industry’s most powerful multi-tier affiliate marketing tool and let your IBs, partners, and affiliates unlock their full potential. AXIS boasts exceptional affiliate capabilities, offering unlimited IB/Affiliate tiers within an expandable hierarchy. The IB Centre empowers partnering IBs and Affiliates to effortlessly track their daily progress, manage their operations, and gain insight into their referral network with dynamic data display for real-time performance and income breakdown. Additionally, each client account is equipped with a unique affiliate link for efficient online marketing and referral purposes. The admin portal features a host of customizable parameters, enabling brokers to launch tailored referral campaigns, customize IB Ranks, and configure commission tiers as well as deposit bonuses. Complete with an affiliate dashboard that gives insights to trading patterns, fund movements and client network activities for enhanced management. Want to launch a successful affiliate program or IB network and rapidly expand your brokerage business? Speak to us for a demo of all these functionalities.

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Migrating its Forex CRM to MySQL HeatWave on Oracle Cloud Infrastructure, the Singapore-based ISV increases performance by 30% and reduces cost by 35%. Business Challenges & Goals Broctagon's AXIS Forex CRM equips retail brokerage firms with a solution that integrates multiple trading platforms, enhances trader's journey, optimizes admin operations, and facilitates rapid market expansion with advanced affiliate capabilities, redefining industry standards and expectations. Broctagon began hosting its Forex CRM product on AWS RDS Aurora, with the MySQL database as the foundation, serving each customer with its own cluster. Over time, with a rapid increase in client base and thus data size, the company found that the cost of scaling up for enhanced performance was becoming prohibitive. With the need to improve the performance versus cost ratio, the company decided to migrate the CRM solution to MySQL HeatWave running on Oracle Cloud Infrastructure (OCI). Business Results & Metrics Broctagon achieved better performance and availability with MySQL HeatWave, at a significantly lower cost. This allowed the company to enhance and develop a wider array of microservices for the AXIS FX Broker CRM. Furthermore, after conducting full load stress testing with identical specifications, Broctagon achieved a 30% performance improvement with MySQL HeatWave. When calculating the computing power required to deliver the solution to over 160 brokers and growing, the cost was 35% lower with MySQL HeatWave, allowing Broctagon to pass on these cost savings to brokers. Considering the significant performance increase, Broctagon made the decision to change its architecture to aggregate more transactional and operational data in MySQL HeatWave. MySQL HeatWave substantially enhanced query performance, achieving almost 14X better performance. By leveraging OCI's high availability, Forex Brokers can now start operations within a day. Technical infrastructure for new brokers can now be provisioned within 60 minutes. Leveraging the high performance of MySQL HeatWave, Broctagon provides its CRM users with real-time trading account information and trade history data—syncing data directly from different external sources such as the MetaTrader 4, MetaTrader 5, and cTrader platforms. By offering advanced filters on real-time trading reports, users can customize and rearrange multiple fields on single table reports. Powered by MySQL HeatWave on OCI, the AXIS FX Broker CRM is a fully branded solution for Forex Brokers that can be modified to individual requirements with more than 350 customizable parameters. MySQL HeatWave's analytical capabilities have led Broctagon to create a flexible and configurable risk management dashboard. This dashboard provides alerts, performance tracking analysis, insights into the most and least profitable traders, and many other data-driven features that enable Forex brokers to make more informed decisions to increase their profitability. Further value-added services delivered to its brokerage clients include instant calculation of multiple-tier commissions based on real-time trades, thanks to an in-house Extract-Transform-Load (ETL) program that pulls data from multiple trading platforms and synchronizes it with MySQL HeatWave. The company has found that moving the AXIS FX Broker CRM to MySQL HeatWave has freed developers from heavy administrative work by automating updates, backups, monitoring, and more, channeling focus to the development of new functions that are frequently rolled out. On the technical front, the company is embracing MySQL HeatWave's read/write workload isolation by splitting write operations from certain expensive read operations. This allows for better monitoring of different clients' performance usage and optimizes application design. Why MySQL HeatWave? In search of delivering better performance to clients while staying cost efficient, Broctagon chose MySQL HeatWave after successful load testing, which confirmed an optimal performance-to-cost ratio. Moreover, Broctagon's CRM developments require interaction with one of the most robust foreign exchange trading platforms in the world, which mostly utilizes MySQL as the backend database. Another key factor was Oracle's MySQL Support provided detailed guidance, comprehensive documentation, and assistance in load testing, as well as migrating to OCI, which only took two weeks. Next Steps With MySQL HeatWave offering increased performance and reduced costs for the CRM solution, Broctagon is considering migrating parts of its liquidity and cryptocurrency business to OCI. “If performance continues to be above expectations, we will be moving more workloads to OCI down the line,” said Michael Mai. Looking ahead, Broctagon's roadmap includes leveraging MySQL HeatWave's machine learning (ML) capabilities to help Forex brokers attract and retain traders. For example, HeatWave ML can be trained to provide brokers with useful recommendations based on their trading data. The ML capabilities will also generate ideas for features to increase customer satisfaction and bring in new business, thus enabling Forex Brokers to increase their profit with lower costs. *Credits to Oracle for the original article: https://www.mysql.com/why-mysql/case-studies/broctagon-fintech-migrates-flagship-forex-crm-mysql-heatwave.html

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.

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This major release brings a host of updates to our Prop Trading System, elevating experiences for both end users and administrators. Now, Prop Firms can effortlessly calculate and distribute profit sharing not only to challengers but IB/referrals as well, offering a powerful incentive to attract more participants. Furthermore, the challenge setup process has been refined for enhanced intuitiveness and flexibility, such as assigning challenges based on client groups, non-disruptive challenge terminations and more. Dive in to explore the full spectrum of improvements! 1. Revamped Challenge Setup Process Streamlined Step-by-Step Setup Experience a redesigned Challenge setup process, featuring a clear and intuitive progress bar providing real-time updates on remaining steps.   Flexible Display Configuration Take control of your clients' experience by prioritizing which menu to show first: "My Challenge" or "Challenge Details." It's your call whether to have your clients jump right in to choosing packages or to first have an overview of the challenge. 2. Profit Sharing Distribution Profit Sharing Configuration Unlock unprecedented convenience by configuring profit sharing within the system, designed to distribute rewards seamlessly to both challengers and referrals, ensuring a hassle-fee process and timely payouts for all recipients. Flexible Distribution Methods Choose between automated distribution for administrative efficiency or manual distribution for greater control, incorporating a review step before profits are distributed. Adjustable Settlement Frequency Customize your profit-sharing distribution frequency to align with your business strategies and goals. 3. Dynamic Challenge Allocation Across Client Groups Tailored Challenges for Specific Client Groups Assign distinct challenges and packages to different client groups, ensuring a more targeted and customized approach to enhance your client conversion and retention. Non-Disruptive Experience on Live Clients The challenge assignment process emphasizes a seamless transition, guaranteeing that no challenge participant is impacted, thereby ensuring business continuity and and ongoing client engagement. 4. Smart-Switch Challenge Termination Process Seamless Challenge Termination Markets are dynamic and now, you can easily update your challenge configurations accordingly. The smart-switch feature will remove the older challenge preventing further signups while showcasing your new challenge with updated conditions. Non-Disruptive Experience for Live Clients Smart-switch intelligently handles the challenge termination process, ensuring that current participants of the older challenges are not affected, allowing them to proceed until completion. Participants in the older challenge will continue to track their progress, while new participants will enroll in the updated challenge seamlessly. 5. Advanced Notification Management Prop Trading Notification Tab Introducing a specialized Notifications Tab designed to filter all Prop-related requests and tasks, enhancing focus and efficiency. Personalized Congratulatory Email to Challengers Celebrate your challengers' successes with added flair. Now, when challengers successfully progress to the next level, they will automatically receive a congratulatory email from you, including a timestamp on the achieved milestone. You can further customize the email to embed a "Success" certificate as added recognition to your clients. Read here to find out more Sign Up Free Trial Request a Demo

In this update, we’re thrilled to introduce an extension to our IB commission payout module. Now, alongside volume, spread, and profit-based payouts, you can reward your IBs based on commissions configured on your trading platform. Any commissions charged within your MT4, MT5, cTrader, Sirix and ZeroX are synchronized in real-time with the CRM, allowing you to distribute a percentage of these trading platform commissions directly to your IBs. This robust feature not only provides the flexibility to transform a direct platform commission into a multi-tiered reward system, but also ignites synergies for growth and collaboration within your IB network. Additionally, system popup notifications are now extended to your clients as well! Your clients no longer need to sift through emails for updates. The enhanced notification function sends automatic pop-up notifications within the CRM, promptly informing clients about request updates such as approvals or rejections. Stay connected and streamline client interactions effortlessly. Platform Trading Commission-Based IB Payout Model 1. Simple and Direct Configuration This innovative model allows you to extract the pre-set trading platform commissions and further customize it to be distributed by percentages across multiple levels, allowing brokers a straightforward approach to creating an effective IB reward structure. 2. Real-Time Synchronization of Trading Commissions The commissions configured on your trading platforms—MT4, MT5, cTrader, Sirix, and ZeroX—are now synchronized in real time with the CRM. This facilitates prompt payout distribution to your IBs based on the percentage of trading platform commissions you have set. 3. Enhanced Reporting Reports have been further refined with added commission details, providing a clear overview of charged commissions and the corresponding amounts paid to IBs. This optimization simplifies tracking and enhances transparency in your financial transactions. System Pop-Up Notifications to Clients 1. Enhanced Convenience Elevate the client experience with unparalleled convenience. Your clients no longer have to sift through emails; they can receive updates directly from the CRM, ensuring prompt and hassle-free communication. 2. Customizable Templates Tailor pop-up notifications to your preferences. Enjoy the flexibility of customizable pop-up templates, aligning notifications with your corporate branding for a cohesive client engagement. 3. Smart Language Preferences Experience intuitive and seamless communication as the CRM intelligently sends notifications in your client's preferred default language. Stay connected effortlessly with language preferences that prioritize your client's experience. Read here to find out more. Sign Up Free Trial Request a Demo

This release brings pivotal enhancements to the Proprietary Trading Challenge system. Notable improvements include more frequent equity monitoring, now calculated every 10 minutes and a more intuitive "participants" tab that now offers detailed snapshots of traders' status. Furthermore, we've streamlined the admin process with automated approval options, challenge duplication and more!

In this new release, we're excited to present the all-new Calendar function—a powerful tool designed to help your team effortlessly manage tasks by providing a comprehensive overview of assignments and their corresponding deadlines. Stay organized and on top of your schedule with this intuitive feature. We've also fine-tuned our PSP deposit settings to offer you greater flexibility. Now, you have the ability to adjust the deposit amounts submitted by your clients, ensuring they align precisely with the funds received in your PSP. This optimization allows greater control in streamlining transactions and avoid administrative hassle. Furthermore, we understand the importance of efficiency in your IB commission processes. With the latest update, you can now choose to disable the display of zero commission data. This thoughtful enhancement not only helps declutter your CRM but also contributes to a more effective commission payout system for your IBs. Key Function Highlights: New Calendar Function Visualize Tasks with Calendar View: Immerse yourself in an intuitive experience as tasks come to life on the calendar, offering a vivid overview of upcoming deadlines. Enhance Collaboration: Empower each team member to seamlessly integrate tasks into the calendar, facilitating the coordination of goals and workloads with ease. Adjustable PSP Deposits Tailored Deposit Amount: Gain the flexibility to directly adjust deposit amounts based on actual funds received in your PSP, reducing post deposit reconciliation administrative work. Effortless Currency Conversion: Experience automatic currency conversion aligned with the updated deposit amount, ensuring effortless and accurate financial transactions. Conceal Zero IB Commission Data Enhance IB Commission Payout Efficiency: Elevate the speed and efficiency of IB commission payouts, fostering stronger relationships and greater trust with your IBs. Focus on Quality Payouts: Streamline analytics by concentrating on meaningful commission payouts by eliminating zero commission data. This contributes to the overall quality of your financial and business insights for informed decision-making. Read here to find out more. Sign Up Free Trial Request a Demo

In this update, we're proud to present the seamless integration Twilio Verify into our CRM. This integration enhances your security measures by offering clients a diverse array of reliable verification methods. With Twilio Verify, clients now have the flexibility to opt for 2FA via various channels, such as voice, messaging, and WhatsApp during the onboarding process. Bid farewell to the constraints of email OTP verifications and empower your clients to select the verification method that best suits their preferences.

Get ready to excite your traders with our latest feature: The Trading Competition module. Amp up the trading thrill by hosting trading competitions for your traders to battle it out for the top spot and win enticing prizes. Launch competitions with unprecedented ease complete with leadership boards and the flexibility to automatically distribute rewards. Install the module today and create an electrifying experience for your traders! Please note that Trading Competition is currently available for MT4 and MT5 only.

Migrating its Forex CRM to MySQL HeatWave on Oracle Cloud Infrastructure, the Singapore-based ISV increases performance by 30% and reduces cost by 35%. Business Challenges & Goals Broctagon's AXIS Forex CRM equips retail brokerage firms with a solution that integrates multiple trading platforms, enhances trader's journey, optimizes admin operations, and facilitates rapid market expansion with advanced affiliate capabilities, redefining industry standards and expectations. Broctagon began hosting its Forex CRM product on AWS RDS Aurora, with the MySQL database as the foundation, serving each customer with its own cluster. Over time, with a rapid increase in client base and thus data size, the company found that the cost of scaling up for enhanced performance was becoming prohibitive. With the need to improve the performance versus cost ratio, the company decided to migrate the CRM solution to MySQL HeatWave running on Oracle Cloud Infrastructure (OCI). Business Results & Metrics Broctagon achieved better performance and availability with MySQL HeatWave, at a significantly lower cost. This allowed the company to enhance and develop a wider array of microservices for the AXIS FX Broker CRM. Furthermore, after conducting full load stress testing with identical specifications, Broctagon achieved a 30% performance improvement with MySQL HeatWave. When calculating the computing power required to deliver the solution to over 160 brokers and growing, the cost was 35% lower with MySQL HeatWave, allowing Broctagon to pass on these cost savings to brokers. Considering the significant performance increase, Broctagon made the decision to change its architecture to aggregate more transactional and operational data in MySQL HeatWave. MySQL HeatWave substantially enhanced query performance, achieving almost 14X better performance. By leveraging OCI's high availability, Forex Brokers can now start operations within a day. Technical infrastructure for new brokers can now be provisioned within 60 minutes. Leveraging the high performance of MySQL HeatWave, Broctagon provides its CRM users with real-time trading account information and trade history data—syncing data directly from different external sources such as the MetaTrader 4, MetaTrader 5, and cTrader platforms. By offering advanced filters on real-time trading reports, users can customize and rearrange multiple fields on single table reports. Powered by MySQL HeatWave on OCI, the AXIS FX Broker CRM is a fully branded solution for Forex Brokers that can be modified to individual requirements with more than 350 customizable parameters. MySQL HeatWave's analytical capabilities have led Broctagon to create a flexible and configurable risk management dashboard. This dashboard provides alerts, performance tracking analysis, insights into the most and least profitable traders, and many other data-driven features that enable Forex brokers to make more informed decisions to increase their profitability. Further value-added services delivered to its brokerage clients include instant calculation of multiple-tier commissions based on real-time trades, thanks to an in-house Extract-Transform-Load (ETL) program that pulls data from multiple trading platforms and synchronizes it with MySQL HeatWave. The company has found that moving the AXIS FX Broker CRM to MySQL HeatWave has freed developers from heavy administrative work by automating updates, backups, monitoring, and more, channeling focus to the development of new functions that are frequently rolled out. On the technical front, the company is embracing MySQL HeatWave's read/write workload isolation by splitting write operations from certain expensive read operations. This allows for better monitoring of different clients' performance usage and optimizes application design. Why MySQL HeatWave? In search of delivering better performance to clients while staying cost efficient, Broctagon chose MySQL HeatWave after successful load testing, which confirmed an optimal performance-to-cost ratio. Moreover, Broctagon's CRM developments require interaction with one of the most robust foreign exchange trading platforms in the world, which mostly utilizes MySQL as the backend database. Another key factor was Oracle's MySQL Support provided detailed guidance, comprehensive documentation, and assistance in load testing, as well as migrating to OCI, which only took two weeks. Next Steps With MySQL HeatWave offering increased performance and reduced costs for the CRM solution, Broctagon is considering migrating parts of its liquidity and cryptocurrency business to OCI. “If performance continues to be above expectations, we will be moving more workloads to OCI down the line,” said Michael Mai. Looking ahead, Broctagon's roadmap includes leveraging MySQL HeatWave's machine learning (ML) capabilities to help Forex brokers attract and retain traders. For example, HeatWave ML can be trained to provide brokers with useful recommendations based on their trading data. The ML capabilities will also generate ideas for features to increase customer satisfaction and bring in new business, thus enabling Forex Brokers to increase their profit with lower costs. *Credits to Oracle for the original article: https://www.mysql.com/why-mysql/case-studies/broctagon-fintech-migrates-flagship-forex-crm-mysql-heatwave.html

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.

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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.

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We're back from the electrifying iFX Expo Dubai 2024, held in the heart of this dynamic city! The financial world converged on this dynamic event, and Broctagon was proud to be in the midst of it all. The expo, which took place from January 16-18, was a whirlwind of excitement and opportunity at the Dubai World Trade Centre. From reconnecting with familiar faces to forging new connections, the energy was infectious. The Welcome Party set the stage for an unforgettable experience and presented a fantastic opportunity to catch up over drinks with industry leaders, clients, and partners. Against the backdrop of the iconic Dubai skyline, we raised our glasses to the promising days ahead. For those who were there, you know what a fantastic night it was! And of course, we made sure to extend an invitation to everyone to visit Broctagon at Booth 130 during the expo. A Powerful Combination of Prop Solutions and World Class Liquidity Day 1 kicked off with a bang as the expo halls filled up rapidly with eager attendees. The Broctagon Team was ready to showcase our latest offerings and solutions tailored to meet the diverse needs of our clients. Whether it's crafting bespoke liquidity solutions spanning FX, shares, cryptocurrencies, and futures, or delving into the realm of fully managed Prop Trading, we left no stone unturned in demonstrating how we can help our partners stay ahead of the curve with our fully integrated solutions suite. The response from the crowd was overwhelming, and we couldn't be more thankful for the enthusiasm and support shown by both old friends and new acquaintances. Your satisfaction and trust in Broctagon fuel our drive for innovation, and we're committed to delivering nothing short of excellence in all that we do. Onward To the Next Adventure: Traders Fair Thailand 2024 As the curtains draw to a close on the iFX Expo Dubai 2024, we're already gearing up for the next adventure. Mark your calendars for the Traders Fair Thailand in Bangkok on 3rd Feb! We can’t wait to meet you in the bustling city of Bangkok to share our perfect blend of international expertise and localized Thai support. In closing, a heartfelt thank you to Dubai, the iFX Expo team, and everyone who made this event a resounding success. Until we meet again, let's keep pushing the boundaries and charting the course to success together. For now, its busy time again with the string of new prop firms and liquidity setups on the horizon. Missed Us at iFX? We are Online 24/7 Couldn't make it to iFX Expo Dubai 2024? No problem at all! You can easily schedule an online meeting with our specialists at your convenience. Fully ManagedProp Solutions Learn More Multi Asset Liquidity Learn More FX Broker CRM Learn More

As the financial industry gears up for the prestigious iFX Expo in Dubai, Broctagon is poised to showcase its innovative suite of FX solutions that epitomize excellence and cutting-edge technology. Scheduled to take place at the Dubai World Trade Centre, this event holds special significance as the first of major finance expo of the year, setting the tone for industry trends and innovations. FIND US AT: Booth:  130 Date: 16 (Welcome Party), 17 – 18 (Expo) Jan 2024 Venue: Dubai World Trade Centre, Za’abeel Hall 6 With a rich history of bringing together global leaders, industry experts, and trailblazing technology providers, the iFX Expo has consistently served as a hub for networking, knowledge-sharing, and the unveiling of groundbreaking solutions. Broctagon's steadfast participation in iFX Expos for over a decade resonates with the expo's tradition of cultivating collaboration and presenting advancements that mold the future of the financial sector. Our enduring participation not only aligns with the expo's rich legacy but also provides Broctagon with a premier stage to spotlight our diverse array of products and services. Multi-Asset Liquidity At the heart of Broctagon’s exhibition is our Institutional grade liquidity spanning over 1,800 instruments. With spreads as low as zero and a 10-tier depth of market, our liquidity solutions are crafted with a commitment to delivering the best trading conditions your FX broker needs to stay ahead of competition. Whether your focus lies in forex, commodities, or cryptocurrencies, we are primed to propel your institutional trading endeavours. Fully Managed Prop Firm White Labels Designed to meet the evolving needs of the modern trader, Broctagon presents a seamless solution for aspiring Proprietary Firms. Our all-encompassing package includes the MT5 Trading platform, a branded CRM, risk management tools, and an end-to-end setup that gets your brand up and running in just one week. Additionally, you have the option to leverage our proprietary funding arrangements, effectively minimizing your capital risks. With Broctagon, embark on your proprietary trading journey with confidence and efficiency. Designing Your Tailored Solution With a believe that every broker’s needs are unique and a reputation for highly customizable solutions, Broctagon stands out as a trusted partner in the fintech space. Come by Booth 130 to have chat to let us propose a solution that best fits your needs. See you there! Schedule an appointment in advance to reserve a slot.

Dubai, UAE – We are pleased to announce that Broctagon Fintech Group has been honored with the prestigious title of “Best Prop Trading Technology Provider” at the recently concluded Dubai Forex Expo 2023. With the industry’s top innovators and game-changers gathered under one roof, this recognition further solidifies our position as a leading force and serves as a testament to our relentless commitment to reinvent ourselves and constantly provide value to our clients in the dynamic forex arena.   With our suite of Prop Trading solutions, FX Brokers and prop firms can easily launch their own prop trading challenges to capitalize on this rising trend to generate new streams of revenue. Official Launch of Prop Trading System A highlight of the Forex Expo Dubai 2023 was Broctagon's official unveiling of our prop trading solutions, including a “Fully managed Prop Firm White Label” and a “Plug-and-play Prop System” designed for seamless integration into existing FX brokerages. The surge in popularity of proprietary trading challenges reflects the vibrancy and innovation in the trading landscape, with many keen to establish prop firms to uncover trading talents while traders benefit from these challenges by gaining access to institutional capital, a truly win-win situation. This trajectory is set to gain further momentum with the aid of cutting-edge technological solutions, exemplified by Broctagon's turnkey systems, which empower FX Brokers to instantly deploy highly customizable prop challenges or enable aspiring Prop Firms to go-to-market within a week. A Resounding Response on The Expo Floor The response from the expo participants was nothing short of remarkable. At our booth, Broctagon representatives were inundated with inquiries, with several clients even signing up on the spot. Broctagon’s technological advantage coupled with a compelling proposition that is success-focused with no upfront setup or migration fees, makes it an easy decision for clients. Ted Quek, CTO of Broctagon, shared his thoughts on the accolade, stating, "Winning the title of 'Best Prop Trading Technology Provider' at the Forex Expo Dubai 2023 is a strong affirmation of our team's unwavering dedication and expertise. It is truly gratifying to witness several clients signing up on the spot, which accentuates the tangible value and impact of our technology." Here is an overview of our Prop Trading Solutions: Anticipating A Rising Demand Broctagon's success in Dubai underscores the growing demand for competitive Prop Trading solutions in the financial industry. The Prop Trading business model has created unique opportunities in the Forex sphere due to its accessibility and lower barriers of entry as compared to starting a full-fledged FX Brokerage. Now, IBs, Forex Trainers and Educators, Fund Managers, and practically any firm or individual can establish a Prop Firm and launch challenges easily, without huge upfront expenses. Broctagon’s focus on adaptability and scalability ensures all FX Brokers and prospective Prop Firms have access to the tools, support, and knowledge to operate Prop Challenges efficiently and profitably. Modern trading is undergoing a refreshing new shift once again, let us help position you in the forefront of this new landscape. Speak to us for a free Prop Trading System demo today. We will be happy to answer any inquiries you may have with regards to the Prop Trading Business Model.

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.

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Affiliate programs have become pivotal for modern brokerages, especially in today's interconnected digital marketplace. They have evolved from marketing strategies into integral growth drivers. These programs enable brokerages to expand their market reach, boost brand visibility, and generate substantial revenue through networking. In this article, we will provide a detailed explanation of how affiliate programs function, delve into the core concepts of affiliate business models, and explore every key component and functionality within the affiliate ecosystem. What Are Affiliate Programs? Forex affiliate programs are partnerships between Forex brokerages and individuals or entities who promote the broker's services in exchange for a commission or compensation. These programs play a crucial role in the marketing and customer acquisition strategies of Forex brokers. Who can become Affiliates? Individuals who can become Forex broker affiliates come from diverse backgrounds and may include: Bloggers: Owners of finance, trading, or Forex-related blogs can utilize their online presence to promote Forex brokerages. Social Media Influencers & Content Creators: Individuals with substantial followings on platforms like Instagram, Twitter, Facebook, or LinkedIn can create engaging content, offer trading tips, and endorse Forex brokers to their audience. Experienced Traders: Traders with in-depth FX knowledge can produce educational content, share trading strategies, and refer traders to their preferred brokerage. Email Marketers & SEO Specialist: Skilled email marketers can build lists of potential traders interested in Forex and use targeted email campaigns for brokerage promotion, while search engine optimization (SEO) experts can craft landing pages to attract and convert organic traffic. Educators: Forex educators who offer courses or training programs can promote brokerages to their students as a trusted platform for practicing what they learn. Key Opinion Leaders (KOLs): Administrators or prominent members of online forums, groups, or communities can endorse brokerages to their community members. How Do Affiliate Programs Work? Affiliate programs create a symbiotic relationship where affiliates help drive traffic and potential customers to the merchant's business, and in return, they earn a share of the revenue generated from these referrals. This model benefits both parties by expanding the FX Broker’s reach and boosting the affiliate's income potential. Affiliate programs come in different forms from simple embedded links to full-fledged multi-tier structures. Types Of Affiliate/Referral Programs Traders who are interested in becoming affiliates can join the partner's affiliate program. Upon enrolment, they receive exclusive tracking links or referral codes. These customized links play a crucial role in monitoring the traffic and actions resulting from the affiliate's referrals. Here are some of the commission types: Cost Per Acquisition (CPA): Affiliates earn a fixed one-time commission for each referred trader who meets specific criteria, such as opening an account, making a deposit, or completing a certain number of trades. CPA programs provide affiliates with immediate payouts for qualified referrals. Revenue Share (RevShare): Affiliates receive a percentage of the broker's revenue generated by the referred traders' trading activities. This commission structure allows affiliates to earn ongoing, recurring income as long as the referred traders continue to trade. Introducing Broker (IB) Programs: Strictly speaking, IB programs involve a deeper level of partnership than affiliates although it drives a similar objective. IBs earn commissions based on trading activity and often operate with a hierarchical commission structure with multiple levels of earnings. Why Do Brokers Need An Affiliate Program? Enhanced Exposure and Targeted Reach: An affiliate program empowers brokers to amplify their market presence by harnessing the promotional efforts of affiliates who cater to a relevant and interested audiences. This strategic approach broadens the broker's exposure, connecting them with potential clients they might not have otherwise reached. Cost-Effective Marketing Strategy: Due to its performance-based model, brokers compensate affiliates only when specific criteria are met, such as depositing funds or fulfilling a predefined trading volume. This outcome-driven approach makes it highly cost-effective as compared to traditional advertising campaigns that may incur upfront costs with uncertain lead quality. Brand Advocacy Affiliates advocating a broker's services have a vested interest in the broker's success. As active brand advocates, they can furnish positive reviews, testimonials, and recommendations rooted in their personal experiences. This organic promotion enhances the broker's reputation and credibility within the forex trading industry. Scalability and Flexibility Affiliate programs are extremely scalable tools that allow brokers to expand rapidly. With the right CRM and affiliate management technology, Brokers can easily monitor, optimize and refine their affiliate campaigns, leveraging on data-driven insights while working with many affiliates concurrently. Relationship Management Empowering the success of affiliates fosters brand loyalty, a synergy further heightened by integrating a CRM system equipped with affiliate marketing technology for efficient relationship management. This integrated platform streamlines communication, tracking, performance monitoring, and payouts transparently, bolstering operational efficiency and robust affiliate relationships. Competitive Advantage In a landscape where many forex brokers offer affiliate programs, possessing a technological edge becomes paramount. Advanced features like customizable commissions tailored to each affiliate group, real-time commission distribution, limitless referral hierarchy, and multi-tier commissions with customizable rank settings underscore a broker's unwavering commitment to expansion and fostering strategic partnerships. Broctagon AXIS’s IB & Affiliate Core Module Integrated as part of both the client and admin portal, AXIS CRM’s IB & Affiliate core module allows any trader to instantly promote your Brokerage. Deploy the industry’s most powerful multi-tier affiliate marketing tool and let your IBs, partners, and affiliates unlock their full potential. AXIS boasts exceptional affiliate capabilities, offering unlimited IB/Affiliate tiers within an expandable hierarchy. The IB Centre empowers partnering IBs and Affiliates to effortlessly track their daily progress, manage their operations, and gain insight into their referral network with dynamic data display for real-time performance and income breakdown. Additionally, each client account is equipped with a unique affiliate link for efficient online marketing and referral purposes. The admin portal features a host of customizable parameters, enabling brokers to launch tailored referral campaigns, customize IB Ranks, and configure commission tiers as well as deposit bonuses. Complete with an affiliate dashboard that gives insights to trading patterns, fund movements and client network activities for enhanced management. Want to launch a successful affiliate program or IB network and rapidly expand your brokerage business? Speak to us for a demo of all these functionalities.

A proprietary trading challenge, often referred to as a prop trading challenge, is an assessment and evaluation process designed by proprietary trading firms (prop firms) to identify talented and skilled traders. The objective of such a challenge is to evaluate traders' trading strategies, risk management skills, and overall trading performance. Traders who successfully pass the challenge will then receive funding from the prop trading firm to trade with the firm's capital. Here's a step-by-step walkthrough of how a typical prop trading challenge works: Different Phases of a Prop Trading Challenge 1. Evaluation Phase:Traders participate in an initial evaluation phase where they trade on demo accounts. During this phase, they need to meet specific performance criteria, such as achieving a profit target, managing drawdown, and adhering to trading rules set by the prop trading firm. There may be multiple stages during the evaluation phase based on the discretion of the prop firm.Participating traders typically pay a registration fee to enter the challenge, and this fee may vary and are often proportional to the desired funded account size. Traders who successfully complete the challenge to the live stage are often eligible for a registration fee refund. 2. Verification Phase:This is the final step that traders must pass after successfully completing the initial challenge phase. The Verification Phase serves as a validation process to ensure that traders can consistently replicate their performance before they are funded by the proprietary trading firm. This phase may take place on either a demo or live account. 3. Account Review:When a trader successfully completes the verification phase by fulfilling all criteria, the prop trading firm typically reviews the trader's trading history, methodologies, and performance, including risk management and adherence to rules. This review process is an added layer of assurance that the prospective prop trader is aligned with the trading objectives of the firm. 4. Funding Phase:Upon successful completion of the review, the trader becomes eligible for a funded trading account offered by the prop trading firm. This trading account is typically funded with the firm's capital, enabling the trader to execute much larger positions compared to using their own money. The specific funded amount provided to the trader is dependent on the challenge they initially enrolled in. 5. Risk Management:Traders who receive funding are required to continue trading according to the prop firm's rules and risk management guidelines. This includes managing drawdown, adhering to position sizing rules, and following the firm's trading strategies. The trader may be funded for a certain period to be reviewed again for extending funding. Should the trader infringe any of the parameters set out by the prop firm, the funding will typically cease. It is important to note that the prop trader usually bears no financial risks except for the initial registration fee and/or the loss of potential profit share. 6. Profit Sharing: Profits generated from trading the funded account are shared between the trader and the prop trading firm based on a predetermined profit-sharing agreement, often at regular intervals decided by the Prop Firm. 7. Profit Withdrawals: Traders will then be allowed to withdraw their share of the profits, subject to the terms and conditions of the funding agreement. Proprietary trading challenges are a way for traders to prove their skills and gain access to institutional capital, which can amplify their trading opportunities. It's essential for traders to carefully read and understand the terms and conditions of the challenge and funding agreement before participating. Each prop trading firm may have its own specific rules and criteria for its challenges. Launch your very own Prop Trading Challenges Prop Trading Challenges are an innovative new offering that all FX Brokers should consider to not only expand their clientele but also retain the loyalty of existing traders by offering them an opportunity to trade on proprietary capital. This presents an alignment of interest and further reinforces the Broker’s commitment to the success of their traders. Launching fully customizable Prop Trading Challenges is simple with Broctagon’s plug-n-play Prop Challenge CRM module. Integrate now with zero setup or migration fees and start your own challenge in just 2 days. If you are an IB, Trader, Trainer, or a firm looking to begin your branded Prop Firm, our Fully Managed White Label solutions will get you started in a week. Learn more about our prop trading solutions here. Schedule a Free Demo

Navigate the world of Proprietary Trading (Prop Trading) with our essential glossary of must-know terms! Whether you are a trader exploring this innovative new concept or Broker looking to expand your key offerings, this guide will help you chart a course to success by covering some of Prop Trading’s most important terms. 1. Prop Firm:A prop firm, also known as a proprietary trading firm, is a financial institution or company that uses its own capital for trading financial instruments. These firms often employ skilled traders with specific strategies and objectives, and profits generated from proprietary trading are typically shared between the firm and individual traders. 2. Proprietary Capital:This refers to the funds deployed for proprietary trading by a financial institution or company. It represents the firm's own capital utilized to trade various financial instruments with the primary objective of profit generation. 3. Proprietary Trading Challenge: A program offered by firms, brokers or institutions, where traders aim to meet specific trading objectives to qualify for a trading account funded by the company, otherwise termed as the prop firm. 4. Funded Trader:A trader who has met the criteria of a proprietary trading challenge and is provided with capital to trade. 5. Registration Fee:The fee traders must pay to participate in the challenge. This participation fee usually varies based on the desired funded account size, with larger funds incurring higher fees. These fees are typically reimbursed or offset by the profits earned during the final live trading stage. 6. Demo Account: A virtual environment allowing traders to practice without using real money. It provides access to live market data and tools for skill development and strategy testing. 7. Live Account: A trading account involving actual capital and real financial risk. It allows traders to participate actively in the live forex market. 8. Evaluation Phase: The first stage of a prop trading challenge where traders trade with virtual capital on demo accounts to meet set criteria. The evaluation phase may consist of multiple stages based on the discretion of the prop firm. 9. Verification Phase: The final stage of a prop trading challenge where traders demonstrate their ability to replicate their performance in a live or demo trading environment, based on the discretion of the prop firm. Traders who successfully pass the verification phase will move on to trading a live account funded by the prop firm. 10. Trading Rules: Guidelines and conditions established by the proprietary trading firm that traders must follow during the challenge. This is to ensure consistency in performance and allow for proper evaluation before gaining access to prop capital. 11. Trading Period: A specified timeframe within which traders must achieve the profit target and adhere to challenge rules. 12. Trading Days: The minimum number of days that traders are required to open new trades, within the trading period. This rule aims to promote a consistent trading strategy, discouraging attempts to achieve profit targets solely through a single, exceptionally profitable trade that may have a low likelihood of recurrence. 13. Profit Target: A predefined goal that traders must reach within the trading period. 14. Trading Rules: Guidelines and conditions established by the proprietary trading firm that traders must follow during the challenge. 15. Maximum Drawdown Limit: The maximum allowable account loss or equity decrease during the challenge. Exceeding this amount will result in challenge failure. 16. Maximum Daily Loss: The most significant allowable daily trading loss, as per challenge rules. This can be a fixed number or a percentage of the equity at the start of the day. Exceeding this amount will result in challenge failure. 17. Trade Size: The number of units or lots traded in a single position. 18. Risk-Free Period: A specific time frame during which losses do not affect the trader's account. 19. Free Repeat: An opportunity given to traders to retry a specific stage without extra fees. This usually occurs when all criteria are fulfilled at the end of the trading period except the profit target. 20. Scaling Plan: A strategy outlining how traders plan to achieve profit targets and manage risk. 21. Account Evaluation: The assessment of a trader's trading results and compliance with challenge rules before granting access to a funded account. This is typically a manual review process after the trader completes the verification phase. 22. Funded Account Size: The initial capital provided to traders upon successfully passing the challenge. 23. Profit Share: The division of trading profits between the trader and the proprietary trading firm, often following a pre-established split ratio. 24. Funding Agreement: The formal agreement outlining the terms and conditions of the funded trading account. 25. Funding Period: The duration for which traders have access to the funded account. 26. Forex Liquidity Provider: A Forex (FX) Liquidity Provider (LP) is a financial entity that provides bid and ask prices for diverse currency pairs. Typically in possession of a large pool of assets, the LP’s main role is fill client’s orders by both buying and selling assets. Prop firms typically trade with regulated LPs in reputable jurisdictions. 27. Scalping: Scalping is a trading strategy that entails rapid, frequent trades aiming to capitalize on minor price fluctuations within a short timeframe, often spanning seconds to minutes.These strategies are commonly categorized as higher-risk and may not align with prop trading guidelines, potentially leading to disqualification from trading challenges. 28. Anti-Expert Advisor (EA): An automated trading software that utilizes predetermined strategies and technical indicators to autonomously make trading decisions and execute trades on behalf of traders.EAs may not align with prop trading guidelines as they lack dynamic human assessment. 29. News Trading: Forex news trading is a strategy that seeks to profit from price fluctuations before or immediately after economic news and key data releases. It bears higher risk due to the volatile nature of market reactions to news events.As such, news trading permissibility is subject to the policies of prop trading firms. 30. Hedging: If hedging is allowed, traders are permitted to open and hold multiple positions in opposite directions (buy and sell) for the same currency pair simultaneously.Inadequate hedging may result in higher risks thus it is important to check if the prop firm allows this strategy or if there are additional associated conditions. Prop Firm Turnkey Setup Setting up a Prop Firm can be simple with Broctagon’s Fully Managed White Label solutions. Focus your efforts on marketing your brand while entrusting the technological backbone of your prop venture in expert hands. With our end-to-end solution suite, your Prop Firm can be up and running within a week. If you are a FX Broker looking to add Prop Trading Challenges to your offering, our CRM with integrated Prop Challenge Module will get you started in 2 days. Learn more about our prop trading solutions here. Schedule a Free Demo

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.

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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.

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.

As companies compete for talent amidst a talent crunch, we spoke with Don Guo, CEO and Co-founder of the Broctagon Fintech Group to find out how Fintech companies are at the forefront of creating a workforce of the future and how they can gain an edge in the war for talent.

This article was first published here on Forkast Trying to move beyond XRP, Ripple hopes its customers will join RippleNet with a wallet that supports fiat and other cryptos like Bitcoin and Ether. Ripple, the San Francisco-based blockchain payments company currently embroiled in a lawsuit with the U.S. Securities and Exchange Commission, this week announced that it would be launching Ripple Liquidity Hub, which will allow enterprises to access and source liquidity from the broader crypto market for a range of cryptocurrencies including XRP, Bitcoin and Ethereum at what Ripple says would be the best possible prices to their customers. Liquidity, or the ease that an asset can be bought or sold at a stable price on a given market, plays a critical role in trading, particularly in the cryptocurrency market. There are currently over 600 cryptocurrency exchanges — big and small — and traders sometimes experience large price spreads between different platforms, especially for altcoins. “Ripple Liquidity Hub is a game-changer for enterprises who want to offer their customers the ability to buy, sell or hold digital assets,” Asheesh Birla, general manager of RippleNet at Ripple told Forkast.News in an email. With Ripple Liquidity Hub — to be launched in 2022 — enterprise customers will be able to use an API connection to access digital assets from a variety of global sources, including market makers, exchanges, over-the-counter (OTC) desks and, in the future, decentralized venues. “To put things into perspective, you can think of Liquidity Hub as an aggregator for various liquidity venues and individual assets, the way that Google Flights is for airlines and flights,” Birla said. At launch, Ripple Liquidity Hub will support XRP, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum Classic (ETC), with availability varying by jurisdiction. Ripple plans to add other tokenized assets like non-fungible tokens (NFTs) and capabilities like staking and yield generation in the future, Birla said. “The lack of liquidity is the biggest issue that the industry faces. Cryptocurrencies remain extremely volatile, holding back their widespread adoption. Moreover, the current crypto-liquidity landscape is not friendly towards traditional financial institutions,” Don Guo, co-founder and CEO of Singapore-based Broctagon Fintech Group told Forkast.News in an email. “This aspect has, for the most part, acted as a barrier-to-entry for mainstream institutions, and has kept crypto a ‘fringe’ investment.” “The liquidity hub by Ripple is geared towards enabling such enterprises to easily and efficiently source digital assets from the broader crypto market which is needed,” Guo added. Broctagon, for example, is also trying to provide the industry with greater liquidity by aggregating quotes from top-tier crypto exchanges and making them directly accessible to the smaller exchange, Guo said. “A concerted industry effort and cooperation are needed to take crypto to its next stage of evolution.” XRP, the native digital asset on the XRP Ledger, is currently the seventh-largest cryptocurrency with a market cap of US$56 billion. Whether or not XRP should be deemed a security is also the billion-dollar question in the lawsuit that SEC filed last December against Ripple, which is currently in the discovery phase in federal court in New York. Unprecedented growth of RippleNet ODL According to Ripple’s Q3 2021 XRP Markets Report, Ripple saw unprecedented growth of its On-Demand Liquidity (ODL) service, which facilitates cross-border payments by using XRP as a bridge between two currencies. ODL transactions increased 130% quarter over quarter and transaction volume on RippleNet more than doubled since 2020. The ODL service is available in over 20 markets including Japan and the Middle East that launched this year. “We have been using the Ripple Liquidity Hub technology internally as part of our On-Demand Liquidity (ODL) service for nearly two years, sourcing XRP on-demand to power millions of transactions, worth billions of dollars,” Birla said. “In fact, customers who have witnessed the benefits of ODL first hand asked if we could help them source other digital assets.” Enterprises will not be required, unlike many other offerings, to pre-fund accounts for Liquidity Hub and can receive access to working capital through Ripple. Ripple is partnering with Coinme, a licensed cryptocurrency cash network in the United States, as its first partner for the product. “We have seen strong demand for a product like this in the market after the massive year that crypto has had,” Birla said. “Banks, financial institutions, and SMEs realize the opportunity to integrate crypto into their business but they aren’t necessarily experts in this space and they need support offering their customers the ability to easily buy, sell, and hold crypto assets. Ripple’s latest announcement comes as it expands the use cases for the XRP Ledger technology beyond digital payments and remittances to central bank digital currencies (CBDCs), tokenization, decentralized finance (DeFi) and NFTs. “In the future, every customer will join RippleNet with the same base service and a wallet designed to support both crypto and fiat,” according to a Ripple media release. “Customers will be able to use their Ripple-enabled wallet to custody anything that’s tokenized.” Judge orders Ripple to produce audio and video recordings of company meetings For now, however, the company is battling the SEC in heated litigation. In a ruling this week, U.S. Magistrate Judge Sarah Netburn ordered Ripple to search for and produce relevant audio and video recordings of its internal employee meetings, including “all-hands” meetings, town hall meetings and fireside chats, which the SEC contends “contain undisputedly relevant evidence.” “Ripple’s search of its recorded meetings has been inadequate under the circumstances,” said Netburn in a ruling this week. “While the Court recognizes that a human review of the recordings may be unreasonable, a reasonable search could include automated transcriptions of records (similar to the common technology used to transcribe voicemail messages) and the use of search terms.” Ripple earlier called the SEC’s request “disproportionate” and maintained that it had conducted a comprehensive and reasonable search for recordings. But the SEC challenged Ripple’s search, saying it was lacking and argued that the recordings “may reveal efforts Ripple took to increase or maintain XRP’s price or to create expectations of profits in potential XRP purchasers, both of which are relevant… to prove whether XRP was offered and sold as a security.” As Ripple has said that it has more than 4,000 recordings, the judge has ordered the parties to meet to narrow down the list to time periods  that are most likely to contain information relevant to the lawsuit. 

Owing to the country’s friendly regulatory environment with respect to financial markets, and fintech and blockchain within it, various other global cryptocurrency groups are expanding their presence in Singapore.

Article first published here in The Straits Times SINGAPORE - When the pandemic hit last year and left Mr Ng Yu Jie stuck at home without a job, a seemingly improbable solution popped into his head - dabble in cryptocurrency to generate some income. Mr Ng's first step was to invest $350 in Ripple (XRP) on trading platform Torque when each unit cost about 20 US cents or 27 Singapore cents. The price rose steadily to 60 US cents: "My $350 became $1,000 so I cashed out," recalled 26-year-old Mr Ng, who has a diploma in mechanical engineering and used to work as a guide for pub crawlers. "I saw an opportunity for passive income. I felt that the prices were quite stable and I could get some money without having to work for it. The greed in me grew and I wanted to put in more to get more returns." Mr Ng, who spends eight hours a day reading news about cryptocurrencies and analysing the prices of digital coins, opened more trading accounts with Torque and increased his investments over time to about $10,000. Torque was then suddenly shut in February and he was unable to withdraw his crypto assets, which had appreciated to about $20,000. "I felt that I should really use crypto to recover what I lost in Torque," Mr Ng said. "So in June, I opened an account with Binance and started trading with $2,000." In three months, he made a profit of $10,000 from crypto trading. "I feel that my strategy works, unless there is a change to the regulation, like MAS (Monetary Authority of Singapore) banning more platforms for Singapore users. Then I may need to start looking for a job," said Mr Ng. "For now, crypto trading is my main source of income. If I stop, my income will stop too." Mr Don Guo, co-founder and chief executive of fintech solutions provider Broctagon Fintech Group, has a different take on cryptocurrencies. Mr Don Guo does not view cryptocurrency tokens as a viable short-term investment product.ST PHOTO: CHONG JUN LIANG; Mr Guo, 37, bought 300 Ether (ETH) at US$700 each in 2017 - an outlay of US$210,000. "Over time, I did liquidate some of them and bought into some other altcoins and Bitcoin as well," said Mr Guo, who still has about 10 ETH. "It wasn't actually meant to be an investment at that point in time, even though there was a lot of speculation about how it could rise." Mr Guo had bought Ether to use for payments and business purposes and, even now, he does not view cryptocurrency tokens as a viable short-term investment product despite having benefited from the rise in value. "As we all know, most cryptocurrencies are rather volatile, and if you were to just jump in and out of it on every piece of information you get, you would be so busy. "I don't think many people can (do that), unless they are really professional traders." Mr Guo said he is mentally prepared to lose whatever he has put into cryptocurrency trading: "It's not money that I need to use for more important purposes, like to pay for my house or (sustain) my livelihood."

“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.

Article was first published here in The Financial Times Singapore’s cryptocurrencies approach shouldn’t be seen as controversial (“Singapore faces fight for Asia crypto crown”, Report, October 1). Recent regulatory clampdowns may have raised questions about Singapore’s open approach to crypto businesses, but the regulators here have got it right. Whether or not the region’s “big bet” pays off, banning cryptocurrency trading makes no sense. The industry remains a “wild west” because there is no consistency on standards to make it stable and secure for investors. Trading, in particular, remains fractured and illiquid, which contributes to the wild price swings. If it’s a matter of taking a balanced approach, the only way you can be sure you are getting it wrong is by banning them entirely. Financial authorities, such as those in China, have been all too quick to ban elements of crypto, which only puts investors at greater risk of fraud, such as initial coin offering scams. People will continue to use cryptocurrencies so this will only push activity underground or elsewhere. Just look at the number of start-ups and talent piling into the sector. The way we see it in Singapore, it is much better to find out how to solve these problems and benefit from being part of the crypto journey. Done correctly, regulation can be very productive and foster crypto development in a healthy way by working with the industry to improve standards and prevent illicit activity. Plenty of businesses out there want to help create that framework. It’s about time the US and other leading markets caught up and took steps to establishcollective frameworks so investors can operate safely and business can thrive. Increasingly, for Singapore, the financial competition in the region is a game of fintech innovation, so I don’t see how we could exclude cryptocurrencies. Our approach to crypto regulation has created an environment that fosters innovation while setting up frameworks for security and stability. Now that Singapore’s crypto start-ups are gaining momentum, its mainstream financial institutions are learning about the technology and global blockchain businesses are setting up in the region. Don GuoChief Executive, Broctagon Fintech Group, Singapore  

“Named the Boba Network, the project is a layer-2 solution that allows crypto to have payment processing speeds that rival payment heavyweights like Visa and Mastercard,” Don Guo, CEO of Broctagon, said. “Game-changers like these, much like the NEXUS WorldBook movement, which is an inter-exchange liquidity network for digital assets, can create greater visibility and trust for crypto as a whole.”

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