Before the inception of information technology, there was a time when organizations needed to manage the clients manually. There was a lot of confusion regarding files and documents. Nowadays, it isn’t relevant anymore. With the advent of modern technology and software these days, clients manage themselves. You need to provide the IT infrastructure to the expert. Most of the account management functions are on automation on a forex trading platform.
When forex broker gets onboard with forex broking platform, they expect you to offer online functionalities and speed. At the same time, a broker needs to manage multiple account holders at once. One needs to get a system that is capable of offering both things to your forex trading portal. To take our discussion further, we need to understand the concept of
What is Account Management in Forex CRM?
It should be made clear at the very beginning that account management is different from that of the management of forex accounts. In this type of trading, the account holder generally employs a professional account manager to conduct the trading on their behalf. We are talking about the Account Management Functions of a forex trading portal.
Account management is the basic module of any trading portal. It mainly deals with the tasks related to every individual trader. The account management modules include live account activity management, dynamic account types, demo accounts, and account overview. We do go through all the features of account management on a forex trading platform.
- Account Analytics
- Payment Gateway
- Demo Accounts
- Trading History
- Live Notifications
- Multi-Account Manager
- Actionable Insights
- On-the go trading
To take our discussion further, let us discuss these factors in detail.
- Account Analytics:
Every trader wants to know more about the trading traits and an overview of his/ her activity. Analytics allows the traders to make informed decisions, and when they win, you win too.
- Payment Gateway:
Forex trading needs the backing of existing banking and payments systems. It is the point where all the traders feel a little nervous. Allows all the traders to link the payment trails.
- Demo Accounts:
The platforms may allow the new traders to create a demo account to explore the world of forex trading without opting for risks. It aids them to experiences the facilities of a forex platform.
- Trading History:
The traders have the right to browse through their trading history. It is the transparency in the field of forex trading. The Account Management module needs to take care of it.
- Live Notifications:
The world is performing Forex Trading on a 24×7 basis. As a result, forex trader needs to keep themselves up to date with the latest development in the forex trading world as a whole. They also need to keep their trading account up to date like always.
- Multi-Account Manager:
There is always a possibility that a trader is managing multiple accounts at once. There are a group of traders who are always active in your portal as a whole. One must offer you professional tools to manage multiple accounts at once.
- Actionable Insights:
The updates from the market regarding trends, geopolitical gossips, and analytical insight are the biggest strength. It allows the traders to predict and strategize their trading as a whole.
- On-the-go trading:
Account Management must be available from anywhere. A good trading portal offers total convenience and allows the traders to trade on the go without any glitches.
In conclusion, we can say that our FXOD CRM of Trade Soft enables you to set up your Forex brokerage business at a global level. One doesn’t need to worry about account management because the system makes it so much easier for traders and your management team to use it.