Tool For Brokers calls itself the leading B2B technology provider for the Forex market. The company specializes in creating software for MetaTrader terminals and integrates with other platforms. The firm also offers ready-made products for brokerage companies and takes orders for individual development of solutions.
Characteristics of the Tool For Brokers project – registration and activities
Although the company claims to have been on the market for 10 years, representatives themselves cannot confirm this. The site was launched in 2016, although it has been around since 1998. Judging by the activity on social networks Twitter and Facebook, the service simply “moved” to a different domain. These accounts have been operating since 2011.
Since Tool For Brokers is not a broker, it does not need to obtain a license either. The firm has several divisions that are registered in different jurisdictions – in Singapore, Cyprus, Scotland, Russia and London. More than 300 brokers and financial institutions from 30 countries are the clients of the service; the developer also partners with LMAX Exchange, PrimeXM, Leverate and other firms.
Project page and trading products
The official website works in three languages - English, Russian and Chinese. The English-language information contains more information for users, including about products. For MetaTrader terminals, the service provides a White Label MetaTrader platform for introducing brokers and a liquidity bridge that allows brokers to quickly select the appropriate aggregator.
It is enough to register to get a free demo version of any product. Among the flagship products, these software solutions are separately noted:
Broker Business Intelligence – a web platform for visualizing trade information, which provides fast monitoring of payments, full reporting, risk management functionality;
Trade Processor is a multi-component modular system designed to work with any asset and through the MT4 and MT5 platforms. This system offers access to updated trading data and the broker’s current profits;
The PAMM system is a classic system that is found in many brokers and allows you to distribute the volume to investors and combine several accounts. The trading volume increases due to the attraction of traders. At the same time, Tool For Brokers itself, of course, is not involved in withdrawing funds.
Tool For Brokers Bundled Offers and Collaboration Algorithm
To get information about the products and the price list, you just need to contact the managers directly. This is not to say that this project is a scam; it is a development company that offers technical solutions for brokers and does not bear any responsibility for other people’s funds.
The service has a subscription to service packages, which include access to plugins, support and maintenance of terminals, as well as a 20% discount on other developments. Subscription provides an opportunity to receive new solutions for a monthly commission – this is a transparent and convenient scheme, therefore, Tool For Brokers cannot be called scams.
Conclusion – scammers or is it possible to work?
The development of this developer will be of little use to traders, since all the company’s products are intended for financial intermediaries and other platforms specializing in Forex trading. At the same time, there were no negative reviews about Tool For Brokers; former employees of the company note the comfortable working conditions and professionalism of the developers.
