Being an online broker is all about your ability to get clients in and to get clients to stay
Focus. A simple, one-word answer, kind of obvious too. Then why a whole article? Because you are probably not doing it.
Being an online broker is all about your ability to get clients in and to get clients to stay. In order to achieve this, business development and marketing efforts are really the only things you should be doing.
Nevertheless, there are some other things you have to be doing along such as maintaining a finance department that makes sure the clients can deposit and withdraw in the different regions you operate and a back office team that cares for tasks such as KYC documents verification.
Some brokers depending on their regulation, may even need a separate compliance department for regulatory compliance.
There is one department that all brokers have and most brokers do not need. The IT department. Please understand that this is not a crusade against IT professionals. This is a crusade against an inefficient, outdated approach in business making in 2019.
The message is: Get Rid of your IT department
A non-exhaustive list of what an IT department needs at the very minimum to be operational, is
to hire the right people with the right experience
to pay these people their on-market salaries and keep them from leaving
to keep these people committed in doing their job well
to have a continuity plan in the applications
expensive server (web and application servers, high speed server internet, data centers in targeted regions) infrastructure, usually unutilized
to set up and maintain a chosen trading platform
to pay the monthly cost of this platform
to set up and maintain integrations with Liquidity providers and payment services
to set up and maintain integrations with a CRM, Risk Management, and an Affiliate system
to pay for these systems’ monthly cost
And so on.
The total cost varies from brokerage to brokerage depending on size and vision. However, the IT department cost is one of biggest costs an online broker faces, and it is a cost that it is not necessary. It is a cost that can be avoided.
It is a cost that if avoided, it can finance other business objectives directly linked to increased revenue.
What if I told you how to avoid that cost?
This is the premise on which XValley was founded and exists upon. XValley is a single vendor that provides at the most competitive price schedule:
an online trading platform,
a CRM, Risk Management and Affiliate system,
integrated bridge with numerous liquidity providers and payment service providers,
on a reliable cloud infrastructure.
We are even working to add transactional emails for brokers, a VoIP system and even more advanced risk management tools.
XValley is probably the only, or among the very few options remaining for online brokerages, to choose and save hundreds of thousands of dollars.
We are just back from a very successful attendance at the Hong Kong’s where our booth was dressed in our unique selling point - Get Rid of your IT department. Discussions usually started with reservation from those interested and carried on with a live walkthrough of the XValley offering.
The message was very well received and people we talked to appeared to genuinely understand where we are coming from
We look forward to help you grow and spend less. Reach out to us.
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.
Focus. A simple, one-word answer, kind of obvious too. Then why a whole article? Because you are probably not doing it.
Being an online broker is all about your ability to get clients in and to get clients to stay. In order to achieve this, business development and marketing efforts are really the only things you should be doing.
Nevertheless, there are some other things you have to be doing along such as maintaining a finance department that makes sure the clients can deposit and withdraw in the different regions you operate and a back office team that cares for tasks such as KYC documents verification.
Some brokers depending on their regulation, may even need a separate compliance department for regulatory compliance.
There is one department that all brokers have and most brokers do not need. The IT department. Please understand that this is not a crusade against IT professionals. This is a crusade against an inefficient, outdated approach in business making in 2019.
The message is: Get Rid of your IT department
A non-exhaustive list of what an IT department needs at the very minimum to be operational, is
to hire the right people with the right experience
to pay these people their on-market salaries and keep them from leaving
to keep these people committed in doing their job well
to have a continuity plan in the applications
expensive server (web and application servers, high speed server internet, data centers in targeted regions) infrastructure, usually unutilized
to set up and maintain a chosen trading platform
to pay the monthly cost of this platform
to set up and maintain integrations with Liquidity providers and payment services
to set up and maintain integrations with a CRM, Risk Management, and an Affiliate system
to pay for these systems’ monthly cost
And so on.
The total cost varies from brokerage to brokerage depending on size and vision. However, the IT department cost is one of biggest costs an online broker faces, and it is a cost that it is not necessary. It is a cost that can be avoided.
It is a cost that if avoided, it can finance other business objectives directly linked to increased revenue.
What if I told you how to avoid that cost?
This is the premise on which XValley was founded and exists upon. XValley is a single vendor that provides at the most competitive price schedule:
an online trading platform,
a CRM, Risk Management and Affiliate system,
integrated bridge with numerous liquidity providers and payment service providers,
on a reliable cloud infrastructure.
We are even working to add transactional emails for brokers, a VoIP system and even more advanced risk management tools.
XValley is probably the only, or among the very few options remaining for online brokerages, to choose and save hundreds of thousands of dollars.
We are just back from a very successful attendance at the Hong Kong’s where our booth was dressed in our unique selling point - Get Rid of your IT department. Discussions usually started with reservation from those interested and carried on with a live walkthrough of the XValley offering.
The message was very well received and people we talked to appeared to genuinely understand where we are coming from
We look forward to help you grow and spend less. Reach out to us.
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.
Xsolla Releases Quarterly Insights Report on The Future Of Gaming And Game Development
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
Hannelé De Necker, CEO, IFX Brokers | FMAS:24
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 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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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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 🔗 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
📣 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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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 🔗 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
📣 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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s 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 🔗 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
📣 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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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 Africa’s 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 🔗 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
📣 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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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
📣 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
📣 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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👍 Facebook: https://www.facebook.com/financemagnates/
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Don't miss out on our latest videos, interviews, and event coverage.
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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