This blog is for those who have decided that they want to enter the world of binary trading as operators. As an operator you will most probably be coming from the non tech savvy industry and therefore the biggest hurdle that one might come across will be on how to choose a genuine platform supplier that will provide you with the best technology out there. We enumerate for you the technicalities on which your focus should be while choosing the right platform.
Preference should be given to the provider which has with him the ability to develop and maintain your website. This will save a lot of your time, hard work and money. See also the time frame in which he can provide you with the same. Normally the time ranges from 6 to 8 weeks with SEO compatibility.
The website is a tool that serves only as a parcel that contains your brokerage services. Your profit depends more on trading platform that you choose and less on the website. The things that should make a difference in your final selection are:
Live telecasts- By this we mean the providence of a live running stream of the market data. This is basically how the investors will know what the current market trends are. It should be well equipped with latest news providers like Bloomberg and others.
UI- Simplicity is the best thing to go with. An easily understandable system renders itself to more possibilities. Keeping user interface as simple as possible will leverage it towards easy accessibility.
Mobility- A cell phone app is a must because in today’s market most of the traffic received comes directly from the mobile phones. See that your provider works on it.
It will be the backend systems providing you with all the support for your daily activities. Let’s look at various options that your backend system must have.
CRM- Stands for Customer Relation Management software. It is one of those things that will help you manage the practices and strategies that you will use to manage customer interactions. A good CRM provides you reports that generate clear insight of businesses.
BI- Stands for business intelligent system. It is helpful when you want to analyze big and small data for easy decision making process.
Affiliate Program- These have their main responsibility as to the bringing of traffic to your website. Also be sure to use a system that can track campaigns.
You can save a lot of resources by finding a provider that provides you with hosting and integration services. Make sure that they have API tools. These will help you to easily integrate with third party apps.
You cannot do without licensing. Choose a provider that has with him a market marker license under which you can work. This will eliminate the need for you to go through the complex proceedings in obtaining a license and you will still be at peace in carrying your business under the restrictions of the local law.
Choose a provider that is always ready to provide you every support that you may need anytime. A support that is quick and based on latest practices. A good provider will offer training to you and your team. He will also provide knowledge to the clients and customers.
Before going for any provider make sure that you have done your research well by keeping in mind the above points. Finally choose a provider that will help you build great connections because in the world of brokerage its connections that matter.