MCC Markets, a Dubai-based forex and CFD broker established last year, has enhanced services for its partners with its latest partnership with Metawork, an affiliate platform. It aims at improving the customer experience of MCC Markets’ partners and introducing brokers (IBs
Introducing Brokers (IBs)
An introducing broker (IBs) represents an entity that is facilitating the relationship between the clients and the broker or futures commission merchants (FCMs). Introducing brokers are generally seeking to provide an added value to the relationship between the parties by offering support or specific services. These may or may not be a subsidiary of the broker.Introducing brokers do not hold client money, execute orders or provide any trade-related services to the clients. In developed markets such as the United States or United Kingdom, the business of introducing brokers is also strictly regulated. Traditionally their primary function is to provide customer service.Introducing brokers can operate out of offices located globally. They solicit business for brokers, though many of these can even represent single-person operations.By extension, other introducing brokerage operations can scale to be much larger, traversing multi-location businesses. What Roles Do Introducing Brokers Execute?Traditionally, introducing brokers are better able to service their clients as they are local, with their primary goal being customer service. Brokers usually focus their efforts on executing trades and the maintenance of trading infrastructure. Consequently, outsourcing the prospecting and servicing of clients to introducing brokers creates economies of scale for brokers.Many introducing brokers lack the raw financial resources to execute trades for their clients directly. This is due to multiple factors, the main deterrent being that direct execution of trades requires a direct relationship with exchanges.One of the primary expenses of an introducing broker is advertising. To help address any pain points in cost, some brokers focus on their local market and depend on referral business. In the FX industry, like any other, brokers routinely use a large portion of their budget on advertising to bring in new clients and replace any clients who incur losses. This helps create an additional window of utility for introducing brokers in the overall relationship with brokers.
An introducing broker (IBs) represents an entity that is facilitating the relationship between the clients and the broker or futures commission merchants (FCMs). Introducing brokers are generally seeking to provide an added value to the relationship between the parties by offering support or specific services. These may or may not be a subsidiary of the broker.Introducing brokers do not hold client money, execute orders or provide any trade-related services to the clients. In developed markets such as the United States or United Kingdom, the business of introducing brokers is also strictly regulated. Traditionally their primary function is to provide customer service.Introducing brokers can operate out of offices located globally. They solicit business for brokers, though many of these can even represent single-person operations.By extension, other introducing brokerage operations can scale to be much larger, traversing multi-location businesses. What Roles Do Introducing Brokers Execute?Traditionally, introducing brokers are better able to service their clients as they are local, with their primary goal being customer service. Brokers usually focus their efforts on executing trades and the maintenance of trading infrastructure. Consequently, outsourcing the prospecting and servicing of clients to introducing brokers creates economies of scale for brokers.Many introducing brokers lack the raw financial resources to execute trades for their clients directly. This is due to multiple factors, the main deterrent being that direct execution of trades requires a direct relationship with exchanges.One of the primary expenses of an introducing broker is advertising. To help address any pain points in cost, some brokers focus on their local market and depend on referral business. In the FX industry, like any other, brokers routinely use a large portion of their budget on advertising to bring in new clients and replace any clients who incur losses. This helps create an additional window of utility for introducing brokers in the overall relationship with brokers.
Read this Term) globally.
“The collaboration between Metawork and MCC Markets is set to revolutionize how its customers interact with the global financial markets,” the official press release shared with Finance Magnates stated.
“By leveraging both companies’ expertise in software solutions and fintech products, respectively, this collaboration seeks to deliver an unparalleled level of service that helps traders make smart decisions quickly and efficiently.”
MCC Markets is a new financial services provider developed by multiple financial experts and regulated by the Securities Commission of the Bahamas. The broker offers CFD trading in forex, shares, indices, commodities, cryptocurrencies
Cryptocurrencies
By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities.
By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities.
Read this Term, and other products.
Check out FMVS20 session on “Where Is The Alpha IBs and Affiliates in Retail FX.”
MCC Markets Eyes Southeast Asia
With the partnership, the two companies now have plans to enter the Vietnamese market as a part of their expansion. They have further plans to expand into other growing Southeast Asian markets.
The latest partnership came only a couple of weeks after MCC Markets onboarded Michael Chen as Chief Executive. Chen previously worked for Admiral Markets in Shanghai as a Country Director and worked with several other brokers in the Southeast Asia region. Now, his appointment looks to be strategic with the broker’s plans to expand services into Southeast Asia.
Meanwhile, the growing Asian markets have been a priority of several other retail FX and CFDs brokers for expansion. Exness, which has strengthened its base in those markets along with its presence in Europe, has become the first non-Japanese broker to handle monthly trading volume above $2 trillion; its record was $2.8 trillion last August. Now, Rostro Group is also planning to expand the Scope Markets brand to MENA and Asia.
MCC Markets, a Dubai-based forex and CFD broker established last year, has enhanced services for its partners with its latest partnership with Metawork, an affiliate platform. It aims at improving the customer experience of MCC Markets’ partners and introducing brokers (IBs
Introducing Brokers (IBs)
An introducing broker (IBs) represents an entity that is facilitating the relationship between the clients and the broker or futures commission merchants (FCMs). Introducing brokers are generally seeking to provide an added value to the relationship between the parties by offering support or specific services. These may or may not be a subsidiary of the broker.Introducing brokers do not hold client money, execute orders or provide any trade-related services to the clients. In developed markets such as the United States or United Kingdom, the business of introducing brokers is also strictly regulated. Traditionally their primary function is to provide customer service.Introducing brokers can operate out of offices located globally. They solicit business for brokers, though many of these can even represent single-person operations.By extension, other introducing brokerage operations can scale to be much larger, traversing multi-location businesses. What Roles Do Introducing Brokers Execute?Traditionally, introducing brokers are better able to service their clients as they are local, with their primary goal being customer service. Brokers usually focus their efforts on executing trades and the maintenance of trading infrastructure. Consequently, outsourcing the prospecting and servicing of clients to introducing brokers creates economies of scale for brokers.Many introducing brokers lack the raw financial resources to execute trades for their clients directly. This is due to multiple factors, the main deterrent being that direct execution of trades requires a direct relationship with exchanges.One of the primary expenses of an introducing broker is advertising. To help address any pain points in cost, some brokers focus on their local market and depend on referral business. In the FX industry, like any other, brokers routinely use a large portion of their budget on advertising to bring in new clients and replace any clients who incur losses. This helps create an additional window of utility for introducing brokers in the overall relationship with brokers.
An introducing broker (IBs) represents an entity that is facilitating the relationship between the clients and the broker or futures commission merchants (FCMs). Introducing brokers are generally seeking to provide an added value to the relationship between the parties by offering support or specific services. These may or may not be a subsidiary of the broker.Introducing brokers do not hold client money, execute orders or provide any trade-related services to the clients. In developed markets such as the United States or United Kingdom, the business of introducing brokers is also strictly regulated. Traditionally their primary function is to provide customer service.Introducing brokers can operate out of offices located globally. They solicit business for brokers, though many of these can even represent single-person operations.By extension, other introducing brokerage operations can scale to be much larger, traversing multi-location businesses. What Roles Do Introducing Brokers Execute?Traditionally, introducing brokers are better able to service their clients as they are local, with their primary goal being customer service. Brokers usually focus their efforts on executing trades and the maintenance of trading infrastructure. Consequently, outsourcing the prospecting and servicing of clients to introducing brokers creates economies of scale for brokers.Many introducing brokers lack the raw financial resources to execute trades for their clients directly. This is due to multiple factors, the main deterrent being that direct execution of trades requires a direct relationship with exchanges.One of the primary expenses of an introducing broker is advertising. To help address any pain points in cost, some brokers focus on their local market and depend on referral business. In the FX industry, like any other, brokers routinely use a large portion of their budget on advertising to bring in new clients and replace any clients who incur losses. This helps create an additional window of utility for introducing brokers in the overall relationship with brokers.
Read this Term) globally.
“The collaboration between Metawork and MCC Markets is set to revolutionize how its customers interact with the global financial markets,” the official press release shared with Finance Magnates stated.
“By leveraging both companies’ expertise in software solutions and fintech products, respectively, this collaboration seeks to deliver an unparalleled level of service that helps traders make smart decisions quickly and efficiently.”
MCC Markets is a new financial services provider developed by multiple financial experts and regulated by the Securities Commission of the Bahamas. The broker offers CFD trading in forex, shares, indices, commodities, cryptocurrencies
Cryptocurrencies
By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities.
By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities.
Read this Term, and other products.
Check out FMVS20 session on “Where Is The Alpha IBs and Affiliates in Retail FX.”
MCC Markets Eyes Southeast Asia
With the partnership, the two companies now have plans to enter the Vietnamese market as a part of their expansion. They have further plans to expand into other growing Southeast Asian markets.
The latest partnership came only a couple of weeks after MCC Markets onboarded Michael Chen as Chief Executive. Chen previously worked for Admiral Markets in Shanghai as a Country Director and worked with several other brokers in the Southeast Asia region. Now, his appointment looks to be strategic with the broker’s plans to expand services into Southeast Asia.
Meanwhile, the growing Asian markets have been a priority of several other retail FX and CFDs brokers for expansion. Exness, which has strengthened its base in those markets along with its presence in Europe, has become the first non-Japanese broker to handle monthly trading volume above $2 trillion; its record was $2.8 trillion last August. Now, Rostro Group is also planning to expand the Scope Markets brand to MENA and Asia.
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