Software provider Takeprofit Tech has announced a partnership with HyperForex to roll out a product suite offering Flex Rebate, dynamic leverage, and real margin stop-out.
The new product will include client acquisition and risk management solutions. Takeprofit wants to facilitate HyperForex, an online forex broker, to increase its product offerings for its clients by adding new features.
Protection against negative balance
Takeprofit also stressed the importance of protecting against negative balance when the market is volatile. The company also said the newly launched products will help the forex broker protect its clients against negative balance.
Takeprofit also hopes to expand its product offerings and gain a wider share of the market. The company already has offices in Russia and Cyprus.
On the other hand, HyperForex has offices in Grenadines, ST. Vincent, and Malaysia. Both companies hope to use their platforms and gain an economic advantage in the industry and market at large.
Valentine Piotrovich, head of business development at Takeprofit, commended the partnership and stated its importance. “We are glad to announce that our solutions will assist HyperForex in its expansion in 2021,” he stated.
He further revealed that its international brokerages need to implement new and improved of attracting and retaining new clients. They need to curtail the risks to clients with new product offerings that minimize their risks, Piotrovich added.
Hyperflex to gain more clients from the partnership
According to Takeprofit’s official announcement, the Flex Rabate and Dynamic Leverage solutions will enable the broker to acquire new clients. HyperForex also commented on the partnership, stating the relevance of risk management to its clients and the company.
The broker said risk management is very important to brokers. The firm added that the trading environment and best service provisions can be attained only when the risks are analyzed and managed carefully. Once it has been analyzed, it will produce the best results for all parties.
HyperForex added that the company is excited about the partnership, and is ready to offer additional features to its clients very soon. Chief business development officer at HyperForex Daniel Lim stated that the company is happy to be partnering with Takeprofit on the project.
This is the second time Takeprofit is partnering with a forex exchange to expand the range of services.
In November last year, the company also tapped technology provider March-Trade technologies to offer more money-management options and expand the exchange’s range of services.