Some countries have stricter laws about privacy and proprietary information (like client lists). The existence of these laws often means that companies based in those countries take the protection of your data and your clients’ information more seriously than software providers in countries where those laws don’t exist. For the most secure data management, choose a company that just makes software. They achieve this by offering good tools and treating customers right, which includes protecting their data. Trade reconciliation is an essential part of forex trading, but it can be a tedious and time-consuming process.

If a regulatory compliance manager fails to do their work properly, it will be impossible for an office to function. For example, the fines and penalties that a company would have to pay for breaching regulations can be exorbitant. On top of that, regulatory forex back office software breaching regulations can lead to a complete shutdown of the office. Clients and customers generally have no idea about who is making sure everything that a company is doing is within the legal scope of the concerned jurisdiction and international laws.

Document Management:

Fair Trading Technology is a growing technology provider, creating new and innovative solutions for the everyday problems faced by online brokers and their clients. Founded by traders who needed to seamlessly and transparently connect platforms and liquidity providers, our technology has spearheaded fintech business across the globe. The company currently operates out of Sweden.Fair Trading Technology is a software development company that provides software products and software development solutions to businesses and enterprise customers. This website has been provided for informational purposes only and is not intended for retail investors or the solicitation of retail investors.

Back Office Software is a third-party technology provider that offers its services for a fee. Brokers should find a deal with providers; the cost will depend on the range of needs required for your company. If you are working as a regulatory compliance manager in a financial firm, your task is to ensure that all the transactions and businesses that the office undertakes are within the legal scope.

Trader’s Room:

Of course, we think CurrentBusiness is the best forex CRM available, but we know different firms have different needs. Our expertise in working with a wide variety of
platforms ensures the shortest launch times. You will receive a
functioning product in a period from a couple of hours to several
days. It is the primary responsibility of the banks to ensure that there are adequate audit procedures for ensuring proper compliance of the instructions in regard to the conduct of investment portfolio. Banks as institutional investors on the stock exchanges, can undertake transactions only on the basis of giving and taking delivery of securities. In other words, short selling of Government securities, even on an intra-day basis, is not permissible.

• If you already have a forex software tool, make a list of everything it does and decide which of those features you actually need.
• The company currently operates out of Sweden.Fair Trading Technology is a software development company that provides software products and software development solutions to businesses and enterprise customers.
• The product provides ready-made integrations with Zoho
  and Microsoft Dynamics CRMs.
• Additionally, you will also be able to open and close trades on behalf of your clients.
• Having a solid foundation regarding Forex means that the company can develop features that alleviate the specific obstacles you encounter in your brokerage.

Settlements, approvals, record keeping, regulatory compliance, accounting, and IT services are all examples of back-office tasks. The back Office is termed so because companies generally have a distinct physical separation between the front office (receptionist, customer support, etc.) and the Back Office. In addition to viewing general information for clients, you also need to be able to view and manage the balances in their accounts. Back office software should allow you to track the balances of all client accounts within your financial organization.

forex crm provider

Experience the strength of our BrokerTools’ Forex Back Office – a tailored account management tool built with Forex focus. This Forex Back Office works perfectly with our Trader’s Room and offers you the best combination. Accurate accounting and reporting are essential for any business, and forex trading is no exception.

Allowing broker admin to identify, monitor, and assist in the sign-up process. Request a demo of the forex back office software and clear out any queries and confusion you have. Any reliable https://www.xcritical.com/ provider will openly discuss what they can and can not provide. The storing process and maintenance of clients’ general information should be easy in the proper back office.

Key features of FX Back Office software

One of the most significant barriers to clients depositing money is a complicated or lengthy process for funding their accounts. Connecting your back office software to external payment systems (like credit card processors, crypto-currency wallets, and bank transfers) reduces the length of time it takes for deposits to be credited to client accounts. If your forex firm works with introducing brokers (IBs), then your back office software needs to allow you to calculate and pay partners commissions and rebates. It should also include partner tools so that IBs can help their own clients.