From the PLUGIT Blog
PLUGIT completes Sumsub integration
PLUGIT completes Sumsub integration, streamlining KYC options for all brokers in the YOONIT environment. PLUGIT is pleased to announce the completion of the integration between their flagship product, the YOONIT suite, and full-cycle verification platform, Sumsub. The integration streamlines identity verification for brokers operating on PLUGIT technology, ensuring compliance with the ever-tightening requirements from regulators…
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PLUGIT Forex CRM – Streamlining Operations and Reducing Costs For Brokers
Forex brokers operate in a dynamic and competitive environment where cost reduction and operational efficiency are vital for success. In this digital era, leveraging customer relationship management (CRM) systems has become a game-changer for businesses across industries, including forex brokers. CRM systems provide various benefits that help reduce costs, optimize...
Expanding Opportunities: Why Brokers Should Offer MAM Accounts to Traders
In today's competitive financial market, brokers continually seek ways to enhance their service offerings and attract a broader client base. One solution gaining popularity is providing Multi-Account Manager (MAM) accounts. Offering MAM accounts to your traders is an effective way to acquire and retain more clients for your brokerage. These...
Understanding Retail Traders’ Behavior
In the world of forex trading, some assets are far more widely traded by retail traders. The popularity of these assets can be attributed to market size, liquidity, volatility, and accessibility. Here are some of the most commonly traded assets at retail forex brokers: Currency Pairs: Forex trading primarily involves...
Client Segmentation and Your CRM: Optimizing Forex Broker Success
In the highly competitive world of Forex trading, brokers face numerous challenges in acquiring and retaining clients, making client segmentation and your CRM one of the crucial elements of a successful brokerage. With the ever-increasing demands of the market, it has become crucial for Forex brokers to utilize practical tools...
Essential Payment Processor Features for Forex Brokers
In the fast-paced world of Forex trading, efficient and reliable payment processing is a crucial element for success. Forex brokers rely on payment processors to facilitate smooth transactions, ensuring quick and secure deposits and withdrawals for their clients. Attracting new clients and FTDs has become expensive as marketing and acquisition...
Broker Risk Management And Dynamic Margin
Forex and CFD trading are leveraged products and, by their very nature, involve a degree of risk for both retail traders and broker operators. While various risk management solutions are available to brokers, many of these tend to be reactive in design rather than proactive (Dynamic Margin). Trading today has...
U.S. Bank Closures: Silvergate, SVB, Signature
March is turning out to be a downer for U.S. banks, with three shuttering their operations in four days. Silvergate Bank was the first to go on March 8, followed by SVB on the 10th, and Signature Bank, the latest to fold, on the 12th. It turns out you can...
How to Optimize Customer Lifetime Value using a CRM
Customer Lifetime Value (CLV) measures the net value a customer brings to a business throughout their relationship. A high CLV indicates that a customer is profitable for a business. Customer lifetime value (CLV) is the total money a customer spends with a business. Optimizing CLV involves: Increasing the revenue generated...