New Software for Forex BROKERS

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Thread: New Software for Forex BROKERS

  1. #1
    Join Date
    Feb 2012
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    Default New Software for Forex BROKERS

    New Software for Forex BROKERS
    Trading through the FIX API protocol has become increasingly popular, and its use continues to grow. This is primarily because traders have been long dissatisfied with the trading terms of mainstream platforms. Nevertheless, the requirements to open a FIX API account are unacceptable for the vast majority of traders the minimum deposit that a trader needs to put up to open a FIX API account is often $10,000 and up.

    The reason for high minimum deposits is that FIX API accounts present additional problems for forex brokers. In order to open a FIX API account, the broker needs to set up a separate FIX API account (i.e., distinct from the clearing account) with the liquidity provider used, which limits the scope of the broker's possibilities. The liquidity provider, in turn, will agree to open that kind of account only if the trader generates relatively high trading volume, which typically involves at least $50,000 in trading capital in a given account. In other words, for most traders this is not a viable option.

    This now looks set to change. In November of 2016, the Canadian company FXMars Inc. introduced 4FXBrokers FIX API Splitter, a revolutionary product that enables traders to open FIX API accounts without having to deal with such onerous requirements as minimum deposits or commissions, ultimately levelling the playing field for the trading community.

    A brief description of the product is in order. The broker opens an account with its liquidity provider, which can act as a master account, and connects the account to FIX API Splitter. FIX API Splitter is part of 4FXBrokers FIX API Bridge. Using the 4FXBrokers FIX API Bridge manager, the broker can create an unlimited number of FIX API accounts and assign them to clients. The 4FXBrokers FIX API protocol for client accounts allows the user to use market GTC (good-till-canceled) orders as well as limit FOK (fill or kill), IOC (immediate or cancel), and stop orders. The protocol is described scrupulously, and the trader has the ability to create one's own trading strategies (black boxes) and test them in the real market.

    Read more on Yahoo News:

  2. #2
    Senior Member
    Join Date
    Nov 2015
    Thanked: 1


    It is very much important to trade in a regulated trading broker because of security of funds. Actually, credible trading broker always make sure all exclusive trading facilities with security of funds. In my trading carter, I have selected Trade12 trading broker due to 50% initial bonus that I can use for all time including 0.1 pips lowest trading spreads.

  3. #3
    Senior Member
    Join Date
    Jul 2021
    Thanked: 0


    in ro ham eslah kon:
    Most of the trader loss their money because of lack of trading knowledge. Since forex trading is a challenging business, traders should follow various techniques and basic information. In addition, investors should choose a regulated broker like FreshForex which is popular for its features. It provides the best security and privacy More, it helps traders focus on brokers policy and avoid emotions. It gives MT-4 and MT - 5 software, 1:2000 leverages, 300% deposits bonuses.

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