InterTrader has today announced its launch of signal trading for CFDs and spread betting, which will be integrated into its proprietary platform in January.
How to encourage longevity of trading lifespan among retail clients is a very important consideration for most retail FX firms. The ever-increasing cost of acquisition, added to the competition for business are factors which marketing departments and financial accountants take seriously indeed.
One such proven method is to provide signals and Analytics to traders via automated methods, and in the case of InterTrader's intertrader.com division, which attracts a majority UK-based client base, retaining clients and ensuring long term trading is critical in such a CFD and Spread Betting orientated arena with many firms vying for this specific British market.
InterTrader has today added Trading Central's platform to its service, in order to provide its clients with real-time analytics and market information.
Client Longevity
Signal trading platform usage among retail FX brokers has become somewhat de rigeur, and although has resulted in an increase in volumes and longer client lifetime values for many brokers, it is no longer a new concept and with copy and signal trading firms having found themselves under scrutiny from MetaQuotes this year, and others have sought new distribution channels as a result of ubiquity.
In order to ascertain the business requirement for this particular offering, Forex Magnates spoke to Shai Heffetz, CEO of InterTrader Direct today, who explained that, "One of our reasons for adding this service is to increase clients' chances of remaining profitable, and to go some way toward countering losses made by traders who are not profitable."
We want to see customers losing less. Our objective with the losing customers is to cut their losses by 20% 30%."
Mr. Heffetz opined that this approach aims to "help customers do better Risk Management, and increase their trading volume as a result, which is a by-product of customer success."
Integration With Proprietary Platform
Following on from that ethos, Mr. Heffetz further explained to Forex Magnates that his company's alliance with Trading Central will see the service rolled out in two stages. Firstly, it appears on the Intertrader.com operation, which offers a proprietary platform using Trading Central data.
The second phase will be completed in January 2014, whereby the entire signal from the platform itself will enable you to access all analysis directly from the platform as a fully integrated service.
In terms of functionality, Mr. Heffetz explained that whilst the trader receives the signals automatically, there is a degree of manual input in distributing the signals.
"No, there is nothing manual in the distribution. We do allow each client to customize for which instruments he wants to receive the signals for. The analysis stage is done manually by a human analyst rather than an automated algorithm.
Trading Central's system is not like AutoChartist, this is a hand made analysis. They have analysts in HK, France and US and they are able to provide manual analysis. All the major FX and commodities are covered manually.
Our proprietary platform only creates key instruments that we are aware of them being done manually. On top of that there are two automatic processes, one being the reporting of any candlestick pattern which arises in a certain time period, and secondly the reporting of other changes such as RSI 30, RSI 70, MACD and EMA Crossovers," he said.
With regulatory authorities looking closely at any activity which could be construed as financial advice, Mr. Heffetz responded by stating that, "Regulation will be covered by Trading Central's license. It is important to set this in place as this may well be law soon."
I believe that a regulated environment for signal traders is the way it should be, as clients should be provided with sound methods, and that the way forward is for all signal platforms to be regulated. Saying that, we are not advising, we are purely providing information relating to the market, and the client decides which way to go."
How to encourage longevity of trading lifespan among retail clients is a very important consideration for most retail FX firms. The ever-increasing cost of acquisition, added to the competition for business are factors which marketing departments and financial accountants take seriously indeed.
One such proven method is to provide signals and Analytics to traders via automated methods, and in the case of InterTrader's intertrader.com division, which attracts a majority UK-based client base, retaining clients and ensuring long term trading is critical in such a CFD and Spread Betting orientated arena with many firms vying for this specific British market.
InterTrader has today added Trading Central's platform to its service, in order to provide its clients with real-time analytics and market information.
Client Longevity
Signal trading platform usage among retail FX brokers has become somewhat de rigeur, and although has resulted in an increase in volumes and longer client lifetime values for many brokers, it is no longer a new concept and with copy and signal trading firms having found themselves under scrutiny from MetaQuotes this year, and others have sought new distribution channels as a result of ubiquity.
In order to ascertain the business requirement for this particular offering, Forex Magnates spoke to Shai Heffetz, CEO of InterTrader Direct today, who explained that, "One of our reasons for adding this service is to increase clients' chances of remaining profitable, and to go some way toward countering losses made by traders who are not profitable."
We want to see customers losing less. Our objective with the losing customers is to cut their losses by 20% 30%."
Mr. Heffetz opined that this approach aims to "help customers do better Risk Management, and increase their trading volume as a result, which is a by-product of customer success."
Integration With Proprietary Platform
Following on from that ethos, Mr. Heffetz further explained to Forex Magnates that his company's alliance with Trading Central will see the service rolled out in two stages. Firstly, it appears on the Intertrader.com operation, which offers a proprietary platform using Trading Central data.
The second phase will be completed in January 2014, whereby the entire signal from the platform itself will enable you to access all analysis directly from the platform as a fully integrated service.
In terms of functionality, Mr. Heffetz explained that whilst the trader receives the signals automatically, there is a degree of manual input in distributing the signals.
"No, there is nothing manual in the distribution. We do allow each client to customize for which instruments he wants to receive the signals for. The analysis stage is done manually by a human analyst rather than an automated algorithm.
Trading Central's system is not like AutoChartist, this is a hand made analysis. They have analysts in HK, France and US and they are able to provide manual analysis. All the major FX and commodities are covered manually.
Our proprietary platform only creates key instruments that we are aware of them being done manually. On top of that there are two automatic processes, one being the reporting of any candlestick pattern which arises in a certain time period, and secondly the reporting of other changes such as RSI 30, RSI 70, MACD and EMA Crossovers," he said.
With regulatory authorities looking closely at any activity which could be construed as financial advice, Mr. Heffetz responded by stating that, "Regulation will be covered by Trading Central's license. It is important to set this in place as this may well be law soon."
I believe that a regulated environment for signal traders is the way it should be, as clients should be provided with sound methods, and that the way forward is for all signal platforms to be regulated. Saying that, we are not advising, we are purely providing information relating to the market, and the client decides which way to go."
Nomura's Q4 Income Soars 123% on Strong Revenue Growth
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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