Takeprofit Tech Partners with HyperForex for a Product Suite

Takeprofit Tech, a fintech software provider with offices in Cyprus and Russia, announced today that the company has partnered with an online financial broker, HyperForex. Takeprofit Tech delivered a product suite to HyperForex including Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and client acquisition solutions.

According to the official announcement, the fintech software provider has developed Real Margin Stop-out, Dynamic Leverage, and Flex Rebate multi-level agent commission solutions for HyperForex. Takeprofit Tech aims to facilitate the broker to boost its offerings for different types of clients with the help of new features.

Takeprofit Tech highlighted the importance of Negative Balance Negative Balance In its most basic form, a negative balance represents an account balance in which debits exceed credits. A negative balance indicates that the account holder owes money. A negative balance on a loan indicates that the loan has not been repaid in full, while a negative bank balance indicates that the account holder has overspent.In the retail brokerage space, this phenomenon occurs when a position’s losses in an account exceeds the available margin on hand from a given trader. When a trader place In its most basic form, a negative balance represents an account balance in which debits exceed credits. A negative balance indicates that the account holder owes money. A negative balance on a loan indicates that the loan has not been repaid in full, while a negative bank balance indicates that the account holder has overspent.In the retail brokerage space, this phenomenon occurs when a position’s losses in an account exceeds the available margin on hand from a given trader. When a trader place Read this Term protection during volatile markets and added that the newly developed Real Margin Stop-out solution will help HyperForex to offer its clients negative balance protection.

Commenting on the recent announcement, Valentine Piotrovich, Head of Business Development of Takeprofit Tech, said: “We are glad to announce that our solutions will assist HyperForex in its expansion in 2021. It is very smart for an international brokerage to implement new ways to attract and retain new clients while making sure the broker’s risks are within the desired limits.”

Takeprofit Tech recently collaborated with Broctagon Fintech Group to introduce leverage scheduling for brokers.

Risk Management and Client Acquisition

Takeprofit Tech mentioned in the official announcement that Dynamic Leverage and Flex Rebate solutions will help the broker in the acquisition of new clients. On the other hand, HyperForex outlined the importance of risk management for the company.

“Risk management is of utmost importance for brokers. Best service provision and trading environment are achieved only after all the risks are analyzed and carefully managed to produce the best result. We are glad to work with Takeprofit Tech and will cooperate to offer additional features to our clients soon,” Daniel Lim, Chief Business Development Officer of HyperForex said in the press release.

HyperForex has offices in Malaysia, St. Vincent and the Grenadines. The broker is currently offering services in nearly 100 countries.