Introducing TickTrader, An Ever-Relevant Trading Platform from Soft-FX

The news that MetaTrader applications were removed from the AppStore and that its developer, MetaQuotes, was suspending its white label licenses raised concerns among financial startups.

However, although MetaQuotes has (at least for the moment) a dominant position on the market, this does not mean that there are no other providers offering technological solutions.

Soft-FX, a company with more than 15 years of experience in developing fintech products, came into the spotlight. Pavel Satsuk, CBDO of Soft-FX, explained how they have unintentionally anticipated this situation in the development of the ultra-versatile TickTrader Trading Platform.

What is TickTrader and how does it compare to competitors？

TickTrader is a trading platform software for those who want to launch their own multifunctional brokerage company with the ability to issue an unlimited number of white label licenses and make mobile apps available to end customers through popular marketplaces.

Pavel Satsuk argues that more than two years of intensive testing after the launch of the software for FXOpen, a London-based international Forex and CFD brokerage, has proven that.

Pavel Satsuk argues that TickTrader's main strength is the added value it can bring to traders and its relevance to the current market situation: “Of course, we worked with an eye to competitors, as our competitors are also helping us to develop. If we were afraid of someone's weight in the market, there would be no point in developing TickTrader at all. However, due to our innate commitment to excellence, it turned out that we can now provide our potential clients with a full-fledged reliable trading platform with the widest range of features,” Pavel explained.

Key features TickTrader can provide to brokerage businesses

Commenting on the question of who the target customer for TickTrader is, Pavel Satsuk noted the following: “The platform aims to meet the needs of users of all backgrounds as well as make life easier for administrators. Being of interest to emerging brokerages, the TickTrader Trading Platform is fully scalable and includes features that may be required with the influx of new batches of users, both experienced and novice.” Among the mentioned features, the Soft-FX team highlights the following.

Specialized trading accounts

With the TickTrader trading platform, one can open both margin accounts (leveraged) and spot exchange accounts (cash), with margin accounts subdivided into gross and net.

Terminals and mobile apps across all popular platforms

The TickTrader desktop terminal offers access to both low-latency marginal trading and exchange of FX and Crypto products, as well as high-end features. With the TickTrader Web Terminal, one can access TickTrader from anywhere with only a computer and an internet connection.

Last but not least, the TickTrader mobile terminal (available for iOS and Android) offers convenient 24/7 access to mobile Forex and exchange trading through the Internet.

API kit. The TickTrader trading server's application programming interfaces kit enables developers to build specialized trading tools and interfaces for use with no-terminal trading. The Web REST API, Sockets API, FIX API, SFX, and Manager API are all included in the TickTrader trading platform API kit.

Sublicensing (white label licensing)

Customers that use the TickTrader Trading Platform as part of a white label solution may now provide sublicensing services. As soon as the solution is implemented, the sublicensing system is immediately usable and relatively straightforward.

As part of the contract with Soft-FX, the software buyer is entitled to supply a sib-license and possibly boost their earnings through increased trading volumes and extra commissions.

Algorithmic trading module

TickTrader Algo Studio includes pre-installed market-maker algorithms that provide administrators the power to control price flow, liquidity, and pricing guidelines for any token or derivative product.

A collection of trading bots and pre-built algorithmic trading systems are also included in the TickTrader trading platform software package, which also offers the option to import and convert strategies from MT4 and MT5 for usage in TickTrader in the future.

Liquidity aggregation module

Utilizing a strong matching engine provides an opportunity to create internal liquidity and operate as both price-givers and takers of prices.

This implies that we will be able to contribute our clients' orders to the market depth in addition to the liquidity from external providers. This can greatly lower the costs associated with the fees paid to the liquidity providers.