On average, a medium-sized brokerage company can generate an annual turnover of $8 billion. However, it is a complex business to build from scratch — technologically, legally, financially and by many other criteria.
Quadcode is an IT company that has been creating fintech solutions for 10 years. Its flagship product, the trading platform, powers major market players such as IQ Option, Sabio Trade, QuadCode Markets, Exnova and others.
Any aspiring broker can buy this ready-to-run solution for their business with full support. The launch time for such projects is 6 weeks — compared to 6 months in development for MVP alone.
Why start a brokerage business in 2023?
Economic studies claim that people's interest in trading will grow exponentially in the near term due to globalization, the popularization of remote work and general uncertainty that forces people to seek alternative ways to earn money.
Under these conditions, the online brokerage industry looks very promising compared to classic businesses that can be easily knocked out of balance due to the inevitable economic fluctuations and crises.
Despite the high competition, the growing interest in trading gives rise to new market players which, if started their business off the right foot, successfully carve out their niche and get handsome profits.
Advantages of the SaaS model
There are 2 ways to start a brokerage business: creating a company from scratch or buying a turnkey solution from a white label technology provider (SaaS).
In the first case, you will need to hire a team (support, billing, dealing, IT), connect payments, create a software infrastructure (frontend and backend), take care of updates, and much more. The whole cycle can take more than a year.
The latter option, SaaS, is essentially a business out of the box — customized for your needs, with your name on it. SaaS solutions are hosted and maintained by the seller, so their main advantage is that you don’t have to develop, implement and maintain a complex product. Among other advantages are:
- Fast deployment: several weeks for setup VS months in development;
- Cost effectiveness with no hardware costs or IT overhead;
- Scalability to accommodate changing needs;
- Automatic updates — the platform will be updated in the background without you having to worry about it;
- Amplified security. Quadcode has been working with people’s money for over 10 years and uses an advanced set of cyber security tools.
What’s Quadcode SaaS and who can use it?
Quadcode SaaS trading platform is designed for the retail Forex, options, and CFD industry. It will suit those who want to launch their own brokerage fast, skipping the hassle of development and setup. You get access to traderoom and back office, while all the infrastructure, support, billing, security and support are handled on the Quadcode’s side.
The offer will also work for those who already run a brokerage business and want to expand the range of services and trading tools.
As of early 2023, Quadcode software powers 150 million trading accounts in over 170 countries. By getting this software as a service, you can rest assured it will withstand high loads and reach various client segments due to:
- A wide range of platforms: web, desktop, PWA, iOS and Android (61 million installations in 2021)
- Trader’s favorite instruments: Forex, CFD, digital options, binary and turbo options, crypto, etc.
- Intuitive mobile and web UI: convenient trading playground that clients don’t want to leave.
In 2023, Quadcode SaaS was rated the best all-in-one brokerage solution at UF AWARDS MEA, a ceremony recognising the most prestigious brands in finance and fintech in the Middle East & Africa.
What services does Quadcode SaaS provide?
Quadcode’s SaaS is flexible and can be adjusted to your needs. All layouts and setups of the platform are determined by the client. You can choose several modules or take them all.
- Antifraud: automatic trading fraud detection, manual moderation of suspicious withdrawal requests and users, and other risk management tools.
- Dealing: Quadcode dealers will manage your risk and operate the market. Set appropriate trading conditions in accordance with customers targets and objectives.
- Payment gateways configuration: the team will configure the payment methods applicable to your regions (over 200 international and local options in the catalog) and monitor their performance: detect fraud, maintain stability, and troubleshoot on demand.
- Hosting: Quadcode will securely host each module and provide a security monitoring team, tiered access to data, and PCI DSS license.
- Advanced CRM with detailed trading reports for research and review.
- Compliance with regulatory requirements: just choose the license and Quadcode will make sure your broker operates in full compliance with it.
- Client support: a multilingual team provides assistance via ticketing system, live chats, chatbots, and telephony system.
- Tech support: ongoing help with any platform-related issues.
- Consulting and education: use Quadcode’s expertise with trading platform, business strategy, payment systems, user onboarding and retention, legal compliance, etc.
- Affiliate module: you can build your own affiliate network to increase brand awareness by paying non-staff representatives for attracting new traders
Bottom line
The Quadcode turnkey SaaS solution allows you to get a fully operational broker in 6 weeks. It includes antifraud, billing, dealing, hosting, compliance, support and other modules.
The solution is very flexible: the team will configure everything for a specific region and target audience, set the limits, rebates, margins, spreads, and client execution on instruments. Platform installation, setup, support and updates will be carried out on the Quadcode's side, so you could focus on marketing and profits.
