Everything has meaning when you plan to start your Forex career with a new brokerage firm. This industry experiences tough competition, so you need to provide clients with unique features. The most newly made businesses pay due attention to regulation issues, dealing desks, liquidity aggregators, and other things. But many of them underrate the importance of a Forex CRM system, which is a great mistake.
A trustworthy provider allows business founders to connect the full-fledged solution with a CRM system, dashboard, and back-office tools to get the first-class control center and provide traders with the best trading conditions on the market.
Why do industry leaders and experienced traders name Customer Relationship Management as the main engine to boost your FX brokerages? Let’s review some vital aspects that depend on such software.
The command post to monitor your company
Suppose your Forex broker business is ready to invite customers. Is it enough to benefit from foreign exchange trading? Business founders know about the value of constant monitoring of their firm, and this is where a Forex CRM solution comes into play to make the control more convenient and straightforward.
Brokerages access the cutting-edge reporting network to get real-time trading data, activity stats, and more to determine if the business needs improvement. Further, detailed reports help business owners to check the utility of modifications.
What’s more — Customer Relationship Management systems enable FX companies to assign responsibilities to various employees, and this is why such an instrument spruces up your business.
The way to rationalize your budget
Newly-made brokers are afraid of being overtaken by competitors and hire crowds of skilled experts to have all controls.
On the one hand, this way may be highly effective. But, in contrast, there are more cost-conscious solutions. For example, the first-class Forex CRM software will automate a string of inner tasks, turning your brokerage into a massive ecosystem of interrelated tools where the full functionality will be coordinated.
Integration of high-quality tools
Trustworthy FX Customer Relationship Management systems empower business founders to connect their brokerage with advanced instruments to skyrocket your company.
First, brokerage firms may make the verification process more straightforward. The Sum-Sub provider should be an excellent choice for automating the KYC/AML procedure. In this case, providers check documents uploaded by candidates and verify them or refuse, while brokers can concentrate on other tasks. Such integration may save some money on hiring competent lawyers.
Besides, business owners may add security tools, support ticket solutions, and payment providers. The top-notch CRM system supports over 50 global and regional providers to make all financial operations easier for traders.
Adoption of digital currencies
Some Forex brokerages are still uncertain of cryptocurrencies, while this market is about to revolutionize the financial sphere and people’s minds.
Top Forex CRM providers offer software that opens access to fiat and digital assets, enabling investors to convert their money in a second. In addition to the ready-made exchanging module, brokers may implement customizable multi-currency wallets to store the fiat and crypto.
Advanced referral programs
When talking about newcomer brokerages, they do not pay enough attention to referral programs. However, top-rated FX companies always look for unique features and integrate them. This is why a referral program may generate income, while CRM software is responsible for rewards, reporting, and the payment flow.
Moreover, the full-fledged solutions empower brokers with launching multi-level referral programs (up to the 30th level).
What is the best CRM solution to integrate?
After analyzing all nuances, another question arises: how to start a Forex business with the best-matching CRM option?
Pick several providers and compare the conditions of cooperating with them. B2Core is the cutting-edge software that drastically changes the image of FX Customer Relationship Management systems.
Business founders get a full-fledged instrument and a chance to integrate dozens of third-party tools and payment providers to skyrocket your Forex broker. With an extended functionality, brokers, traders, and moderators may try a wide range of features.
B2Core provides three packages for brokers, crypto trading firms, exchange platforms, and margin solutions. You may choose among the Standard, Advanced, and Enterprise options to get the best-matching offer!
More than 150 FX companies have already implemented an advanced CRM system. It results in significant achievements in this sphere. Be the next who will take the business to the next level!