How to build a foreign exchange MT4 platform_mt4 simulated foreign exchange trading software

It has been more than ten years since the foreign exchange market entered China at the beginning of the century. From a few familiar platform providers at the beginning to mushrooming now, China's foreign exchange market is becoming more and more open, and prices and costs are becoming more and more transparent. Many foreign exchange agents continue to grow and develop and have a need to build their own platforms.

It is a commonly circulated saying to make money by opening a foreign exchange platform. However, most people still feel very mysterious about what risks there are in opening a platform, what aspects need to be paid attention to, and what procedures need to be completed. Today, based on the experience of veterans in the platform building industry, let’s talk to you about how to build your own foreign exchange platform.

The foreign exchange platform we are talking about here refers to a platform with overseas company qualifications, legal supervision, genuine MT4 software, access to the liquidity of the international market, and the ability to deposit and withdraw money normally. Generally speaking, building a foreign exchange platform requires seven processes:

Choose a company name, register the company overseas (Hong Kong, the United Kingdom, offshore islands), and apply for a domain name

Apply for genuine MT4 Software (can be rented or purchased)

Server setup

Sign a construction agreement and connect with foreign exchange liquidity providers

Build a clearing bridge to connect liquidity and MT4 Software

Professional financial website, STP foreign exchange platform has been established

Apply for overseas supervision

1. Choose a company name and register the company overseas

Usually companies are registered in Hong Kong, the United States, the United Kingdom, Australia, New Zealand, offshore islands and other countries. The policies, taxes, and supervision of each place are different and depend on the customer's choice.

2. Apply for MT4 OEM

Provide company-related information, identity certificate, LOGO, website domain name, and corporate email. Submit MetaQuotes to apply for OEM (Generally, white label customers choose to rent is a suitable choice. For purchase of MetaQuotes software, the other party must have supervision). All the functions of MT4 can be realized, and the platform builder will build one for you. Own brand client, N management background accounts and N groups. The MT4 backend has the following functions:

Create and delete accounts

Withdraw/deposit money

Transaction card points and points (trading desk)

Monitor customer transactions

View the number of people online

View all customer information

Connect with exchanges/markets

Flexibly dump and sell orders

Please note: The difference between purchasing MT4 and renting it lies in the different permissions. I believe that most of the domestic users are white label users and have never seen the admin rights of MT4.

3. Set up the server

For the newly established white label customer groups, you can generally choose to share the server with the foreign exchange mobile provider, which can save the initial cost. If the number of customers is relatively large, usually more than 3,000 real customers need to set up a server, or there may be special programming software that requires customers to set up their own servers. During this process, certain hosting fees and data maintenance fees will be incurred, which need to be borne by yourself.

4. Connect with liquidity providers

After the server is set up, you need to start looking for a suitable foreign exchange liquidity provider and sign a cooperation agreement. Currently, those that can provide foreign exchange liquidity on the market are generally international investment banks, hedge funds and large foreign exchange brokers. At present, most of the companies that can do platform building business are large brokers. The quotations and services provided by each liquidity provider are also different. You can choose the appropriate liquidity provider according to your own needs. Huishang Langya List recommends looking for liquidity providers with high brand awareness, strong technical strength and R&D capabilities to cooperate.

5. Construction of clearing bridge

The MT4 platform itself is a platform built for market makers. Because of the existence of the MT4 clearing bridge, the positions within the MT4 system (customers’ Orders) are directly placed into the international clearing institution or clearing counterparty to transfer the transaction risk exposure.

The addition of the MT4 clearing bridge will help the operating company become a truly international company. Many platform providers now realize the role of the MT4 platform and MT4 clearing bridge, and use risk control to hedge out uncontrollable market risks. Some professional platform construction organizations will directly include the MT4 clearing bridge function in the MT4 white label solutions provided. Customers do not need to apply for installation separately, and can avoid the time and money costs of clearing bridge installation and debugging. Only with the existence of the clearing bridge can the STP mode emerge.

6. Establishment of a foreign exchange financial website

After having the server and accessing the liquidity and clearing bridge, it is necessary to develop a foreign exchange financial website with powerful operational functions to provide Support important operational functions such as market data, account opening, deposits and withdrawals, customer management, and agent systems. 1. Website functions:

Basic website, multi-lingual, market data, account application, online deposits and withdrawals, MT4 seamless connection, CRM management system, hierarchical agents, instant messaging, etc.

2. MT4 seamless docking:

Customers can log in to the customer system on the website and view detailed information on customer trading accounts, including customer trading account positions, transaction history, and online access. Kim et al.

The CRM management system of foreign exchange websites usually includes:

User management: adding users, following up users, assigning users, user lists;

Trading accounts: accounts List, add users, account types;

Interactive management: account opening application, deposit application, withdrawal application, commission settlement;

Customer settings: commission settings;

Employee management: position management, adding employees, employee list, employee rebate;

System settings: basic settings, email settings, payment settings, announcement management, password modification, SMS settings.

A professional foreign exchange website with relatively complete functions plays an extremely important role in the operation and expansion of the foreign exchange platform. It is not recommended that early-stage platform operators invest their own efforts in developing the system. This is a huge project that requires professionals in foreign exchange backend development. Platform builders often use off-the-shelf systems to help accomplish this.

7. Apply for overseas supervision

Supervision is a big problem currently faced by platform business customers. From the perspective of regulatory countries, the countries that can currently provide foreign exchange supervision include the United States, the United Kingdom, Australia, New Zealand, Hong Kong, Japan, Belize, Seychelles, Cyprus, Malta and other countries and regions. Regulatory application fees, monthly fees, and deposits vary from country to country. Retail foreign exchange regulations in the United States are very strict and the possibility of application is negligible, while the United Kingdom and Australia have higher thresholds. For early-stage platform business customers, consider applying for small-country supervision first, and slowly transition to large-scale supervision. Do not rush for success unless you have strong financial resources.

In addition, there is a type of group that does not need to apply for supervision (self-operated teams, institutions that do not publicly declare to the outside world).

Summary:

Building a foreign exchange platform is not an easy task, and it is highly professional. From liquidity provider - foreign exchange bridging - website construction - risk control software development and application - server construction to supervision, they are actually all independent. If you want to complete this process independently, it will consume a lot of time, energy, and money. Therefore, customers who want to build a white label must choose the right company. At present, there are not many companies on the market that can provide liquidity to domestic customers, and the same is true for companies that provide bridging.

In the process of building a foreign exchange platform, the editor of Huishang Langya List recommends that you first take the initiative to understand the leading companies in the platform construction industry. In addition, you need to consider whether the builder has good risk control software development capabilities. . In the foreign exchange market, risk control software is a very important link for platform operators. If risk control is not done well, the platform will not be able to go far.

There is an old saying in China that there is a specialty in the industry. Relying on the mainstream platform builders in the industry and leveraging mature experience to build a complete foreign exchange platform is an ideal way for agents to upgrade to platform providers. The golden age of foreign exchange has just begun.