• Match-Trade October Release: Prop Trading Tournaments in Match-Trader

Back

In our latest release, we’re proud to present a comprehensive range of improvements across our ecosystem, including Prop Trading solutions, Match2Pay payment system, Match-Trader’s CRM platform and Social Trading functionalities. The key additions are Prop Trading tournaments, innovative deposit auto-conversion in Match2Pay, the new Platform Logs export capability and expanded Broker API endpoints. These updates demonstrate our commitment to providing more powerful tools for data analysis, automated trade management and seamless payment processing. 

Learn how these innovations can optimise your brokerage operations and deliver a superior trading experience.

Prop Trading Tournaments in Match-Trader

A new tournament feature called “Prop Trading Competitions” has been introduced to the Match-Trader platform, allowing aspiring traders to compete in simulated, real-market conditions either with or without entry fees. Each tournament is designed with clear rules for daily and maximum losses, along with specific evaluation parameters, attractive prizes and a predetermined duration. 

Benefits for Brokers:

“Prop Trading Competitions” create an engaging environment where traders can experience the platform under realistic conditions by participating in free tournaments and testing their skills without incurring costs. They also offer a chance to win an award, increasing user engagement and motivation for active trading. The comprehensive statistics and rankings system allow traders to precisely track their performance and compare their results with others, fostering healthy competition and increasing platform attractiveness. When combined with advanced technology, this approach revolutionises how prop firms acquire new traders and prepare them for live trading. With the new feature, everything is integrated into one seamless ecosystem for tournament management.

Scaling of Accounts in Funded Phases

Thanks to the newly introduced dynamic account scaling system for funded phases, the way in which traders can progress on our platform has changed. Now they can easily move from one funded phase to another, which considerably improves trading conditions such as initial balance or profit split. We’ve integrated this with Match-Trade’s CRM challenge configuration, enabling custom Profit Target values for funded phases. This solution gives traders the freedom to choose between scaling their account for better conditions or withdrawing their profits upon reaching targets.

Benefits for Brokers:

This flexible management of accounts in funded phases creates new opportunities for prop firms to optimise their operations. The scaling mechanism can boost profits while improving cash flow management by reducing the frequency and amount of traders’ withdrawals.

Integration of Social Trading with Notifications in Match-Trader

We’ve newly introduced a special notification system to enhance communication with our clients and increase their engagement. It features both Inbox messages and Push notifications for critical account events. Users receive automated alerts for:

  • Unsubscription due to insufficient funds, activation of Maximal Loss or Take Profit.
  • Insufficient subscriber funds to open a copied position.
  • Charging of the monthly subscription fee.
  • Failed attempt to charge the subscription fee.

Benefits for Brokers:

The redesigned communication system builds trust through improved transparency, keeping users informed about critical account events. The automated notification system helps clients maintain better control over their subscriptions and respond promptly to important changes.

Direct Deposits & Withdrawals from Match2Pay Dashboard 

We’ve upgraded our platform by enabling manual deposits to the Match2Pay balance with the aim of funding the merchant’s balance for client withdrawals. Users can now also add their wallet address to the whitelist and request instant settlement withdrawals directly from the dashboard. These improvements represent a considerable step forward in making our payment system more flexible and user-friendly.

Benefits for Brokers:

The manual deposit feature offers a quick solution for increasing Match2Pay balance when client withdrawals exceed the currently available balance. Direct dashboard withdrawals simplify settlements, enabling clients to make efficient and secure withdrawals to external addresses when combined with the whitelist.

Deposit Auto-Conversion

To transform how currency handling works on our platform, we’ve recently implemented a deposit auto-conversion feature, which allows for ultra-quick conversion of deposits into the broker’s balance in a different currency. The entire process handles complex scenarios seamlessly.

Example:

A Match2Pay merchant preferring USD settlements receives a BTC deposit from a client with a GBP trading account. With the new auto-conversion functionality, the system automatically credits the trading account in GBP while converting the merchant’s balance to USD. All conversions occur instantly and transparently in the background.

Benefits for Brokers:

Choosing the currency for deposit bookings on Match2Pay enhances balance management and stability, resulting from holding stable fiat currencies (beneficial for clients offering products in minority currencies). The optimised accounting process simplifies operations for clients who need to settle all payments in a single currency like USD.

Data Export from the Platform Logs Tab

We’ve enhanced Match-Trader’s reporting capabilities by introducing a new, straightforward feature that exports Platform Logs to a CSV file in just a few clicks. This functionality makes data analysis more accessible and efficient than ever before.

Benefits for Brokers

The CSV export capability enables easy generation of comprehensive reports and data analysis outside the Forex CRM system. This proves particularly useful when preparing detailed analyses and creating data-driven presentations.

New Broker API Endpoints

Through the addition of new types of endpoints in the Broker API, more API query capabilities are provided. These include:

  • Retrieve Platform Logs
  • Create & Cancel Pending Order
  • Update Trading Account
  • Retrieve Ledgers by Login List or Groups
  • Retrieve Orders History by Login List or Groups

Benefits for Brokers

The expanded API capabilities offer a broader range of possible actions, facilitating more sophisticated automation and integration through the Broker API. With the new endpoints, brokers using Match-Trader can streamline workflow processes and manage positions directly from the API without needing to access the Back Office, which is particularly helpful when using an external CRM. 

Auto-staking of Rewards on the TRX Network

We’ve developed an automated staking system for Match2Pay Pro clients on the TRX network. The smart automation solution handles the collection and re-staking of rewards from voting without any manual intervention. Our team designed this feature to ensure automatic reinvestment of all rewards.

Benefits for Brokers:

The implemented system optimises the staking process, leading to higher returns and improved efficiency. This automation increases staking returns while reducing transaction handling costs for clients.

Integration of BASE Blockchain and BTC BEP20 in Match2Pay

To guarantee seamless and reliable operations, we’ve added compatibility with USDC BASE, ETH BASE, and BTC BEP20 to our list of supported tokens.

Benefits for Brokers:

The expanded network and token support opens up new opportunities to attract clients who want to make payments using diverse payment methods. This enhancement demonstrates Match2Pay’s adaptability to emerging market trends, building stronger trust in our payment infrastructure.

Like this article? Share it!

Read also

How Maven Trading Stayed Ahead of Competitors with Match-Trader

In the competitive world of prop trading, technological agility is advantageous and essential for survival. While many firms struggle to keep up with industry changes, the most successful ones are always ready for or even anticipating innovation. Possessing such forward-thinking qualities can determine whether a company thrives or just barely gets by when prop trading […]

Getting Prop Trading Properly: Essential Tips for Success

Prop trading stands at the intersection of innovation, risk and business transformation, challenging prop firms to rethink and reinvent their operational strategies. What specifically drives success in the dynamic global marketplace, and how can they secure a competitive edge?  Financial Health of Prop Firms Recently, the prop trading sector has seen numerous firms shut down […]

Match-Trader and YourPropFirm Join Forces to Elevate Prop Trading Technology

In an exciting collaboration, Match-Trader has integrated with YourPropFirm’s comprehensive CRM solution, creating a seamless ecosystem that empowers prop trading businesses to operate more efficiently and deliver exceptional value to their traders. Match-Trader, developed by Match-Trade Technologies—a technology provider with over a decade of industry experience—has partnered with YourPropFirm to bring tailored solutions to the […]

Match-Trade Technologies is a global company

0
Years in the Forex Industry
0
Languages We Speak
0
Offices all around
the world
0
Highly skilled experts working with us