Tools for Brokers Announces Trading Cost Transparency Tool

The forex technology company, provider of Trading Cost Transparency Tool for FX brokers, Metatrader 4 WhiteLabel, MT4 setup and Consulting, has launched Terminal Cost Overview as part of its suite of solutions for currency traders.

Terminal Cost Overview, which connects to the MetaTrader 4 server through the MT4 Manager API, provides traders with a full picture of their costs for spread, commissions, and swaps before they make a trade. The solution pulls in current trade and account data for up to 25,000 separate accounts, and displays it in a clear, easy-to-understand dashboard on the client server, refreshing the data every 60 seconds.

Albina Zhdanova, Chief Operating Officer of Tools For Brokers
Albina Zhdanova, Chief Operating Officer of Tools For Brokers

Albina Zhdanova, Chief Operating Officer at Tools For Brokers, commented: “The foreign exchange industry is highly regulated. While regulations differ from country to country, having full visibility of costs allows traders to make transactions safe in the knowledge that they’re fully compliant, wherever they’re located. The level of transparency that Terminal Cost Overview offers will always be attractive to trad-ers,” she added, “It means there can never be any surprises – with commission, for example – that could affect the return on their transactions.”

Last year, the technology solutions provider for foreign exchange brokers launched the MetaTrader 5 Trade Processor, which provides Crypto and Forex trading capabilities in one IT solution, combining a risk-free liquidity bridge and market-making order pool. Its quote management feature allows users to generate an unlimited number of rules. Different quote flows from each feeder can be configured into a single data flow, which will stream to the connected MT5 server, by the rules set by the user.

The firm has recently enhanced its Percentage Allocation Management Module (PAMM) service, which enables money managers to trade for investors and receive a commission for management and/or for execution, by adding a list of tools to track statistics, ratings, and reviews from investors in real-time in order to both stimulate activity and increase efficiency.

In late 2018, Tools For Brokers included the basic version of Brokers’ Business Intelligence in the company’s Gold package. The data provided by the tool are designed to make it easier for brokers to determine types for clients and display business analytics in user-friendly charts. The product can display 8 core benchmarks and trading results across 16 different graphs. Its analysis can cover any period past or present, with options to export statistics to Excel and display charts as PDFs. Sharing reports with colleagues and using data in other formats is seamless, giving more flexibility.