The online trading industry has come a long way over the past 25 years, but retail brokers of different sizes have long faced major operational challenges, a typical one has been the sheer volume of work involved in running a successful retail trading site.
While many of the key tools are widely available off-the-shelf, the lack of a truly unified solution meant that without significant capital, staffing expenses alone made operating a brokerage a cost-prohibitive proposition.
Now PLUGIT has launched YOONIT, an all-inclusive cloud-based modular trading support platform providing a unique, comprehensive tool kit that enables any online broker to rise to the challenge. It supports full automation with real-time synchronization via a centralized, multilingual dashboard. Designed to be intuitive enough for compact teams of non-specialist staff to operate, YOONIT represents the next stage of the industry’s evolution.
A rapidly growing number of leading forex brokers are now taking advantage of the new offering. YOONIT is designed to adapt to the evolving requirements of brokers in the dynamic and fiercely competitive online trading space, and companies around the world are discovering how a centralized solution creates economies of scale, streamlines daily operations and optimizes processes, while offering full visibility and scalability.
Over the past few months, YOONIT has had a big impact on the industry. It offers full compatibility with MT4 and MT5, as well as other popular trading platforms, and enables brokers to automate virtually all their daily operations and processes, from demand generation, onboarding and retention to social trading and risk management and so on, all from a single console.
YOONIT comprises six different trading support modules, enabling brokers to choose one or multiple elements to create a customized system that meets all their day-to-day needs.
One of the most popular modules of YOONIT is the leading-edge MAM/PAMM module, which allows brokers to service Money Managers and other professional investors as well as regular private traders. Complete with social trading functionalities plus advanced performance statistics and trade analysis, PLUGIT has applied the same UX principles that inspire its front-end design to its back-office product.
The Traders and Operations Module provides complete control over funds transfer (internally and externally), deposit and withdrawal, account settings, and is securely integrated with 25+ payment gateways. It allows clients to monitor all trading activity in real-time and enables any authorized personnel to create customized communications and promotions.
A multi-tiered IB/Affiliate module provides full automation of managing partnerships and commission payouts, including unlimited hierarchal schemes and the ability to monitor Sub-IBs’ performance, set up unique IB structures and payment schemes.
On the on-boarding side, an intuitive KYC module ensures the world’s highest AML standards and will help brokers meet regulatory requirements in multiple jurisdictions. And when it comes to promotions and bonus schemes, the platform’s Bonus Automation module can manage an unlimited number of campaigns established according to a wide range of criteria. From first deposit bonuses to redeposit incentives, the system will also safeguard the broker from bonus abuse.
Lastly, our flagship tiered margin risk solution – YOONIT’s Dynamic Margin Module, protects clients by automatically reducing leverage when exposure rises. During periods of unexpectedly large trading volume, it has proven its worth time and again.
The founder Jalal Faour is known throughout the industry for his passionate commitment to innovation, which has driven the company’s success for the best part of a decade.
“YOONIT is the result of years of intense focus and round-the-clock effort on the part of multiple teams,” he said. “I’m quite confident that our new offering will steadily redefine the sector over the next few years,” he added.