MetaQuotes Software Corp., developer of the most widely used FX trading platforms, today announced that three brokerage firms have already implemented its ‘Coupons’ loyalty service, which allows forex brokers to support or reward their traders wishing to buy applications sold on the company’s marketplace.
The new program could serve as an alternative promotion after CySEC instructed regulated CIF firms on the reduction of leverage and to halt offering bonuses.
MetaQuotes officially announced the launch of its innovative project during the iFX EXPO Asia 2017 in Hong Kong. Just2Trade, RoboForex and FreshForex companies have become the first participants to implement the new loyalty program and apply coupons to motivate traders.
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The new e-couponing service covers applications and services for the MetaTrader platforms including virtual hosting, market robots and subscriptions to trading signals, allowing its brands to promote themselves to potential clients, which now have an additional marketing tool at their disposal.
The company further explained that the concept of the coupons project is simple. A broker wishing to use the new service can simply generate a coupon and send it to its client along with the necessary instructions. The trader can then enter the text code in the payment form on the MQL5.community or the MetaTrader platforms. MetaQuotes supports 4 types of coupons that can be used in paying for the following services:
- HOSTING — for paying the virtual server rental fees.
- MARKET — for the purchase of trading robots and technical indicators in the market.
- SIGNAL — for subscribing to trading signals.
- MONEY — for depositing funds to an MQL5.com account to pay for any service including Freelance and MQL5 Cloud Network.