Modern Forex market, along with all its opportunities of permanent income almost for anyone, has rather few truly large-scale serious players that can provide their clients with everything needed. There are even fewer companies that direct free capital into their own development by introducing innovations, which get instant demand at the market.
Who Offers Highest-Quality Forex Services in Russia?
This is particularly topical for Russian non-regulated Forex market, where numerous “kitchens” may still be found, thus making negative impression of the industry. At the same time, Russia is being entered by more and more serious foreign companies, which have many-year experience in the sphere, as well as serious licenses of world regulators; what is more important, they offer services that correspond to the world’s standards and safeguard of assets.
There is no surprise that, according to statistics, most successful Russian traders cooperate with such Forex brokers. These companies are interested in profitable trading of their clients, for their own profit depends on the number and volume of profitable transactions. As a result, traders are offered most up-to-date technologies, best trading terms, various bonus and studying programs.
This is the mode of operation typical for a famous company TradeFort, which is distinguished by high-quality services, constant improvement of trading terms, regular implementation of innovative technologies, etc. Today the broker offers the following:
− trading by fixed or floating spreads (both types are one of the lowest in the sphere);
− free virtual dedicated server VPS;
− new-type service of automatic notice when approaching MarginCall level;
− possibility of working on cent accounts;
− compensation of loss for beginners;
− bonuses for every replenishment;
− instant fulfillment of orders with access to interbank market;
− new opportunities of futures trade;
− much more, which favours highly efficient trading.
Besides, the company has set an active cooperation with the world’s leading electronic payment systems, which makes it possible for traders to minimize non-trading transactions and sometimes – even to eliminate any percentage on money output or various transfers.
All this, as well as many more pleasant surprises, prepared by TradeFort, have been discussed in the “Market Leader” interview with the company’s Business Development Director in Russia and CIS Countries Michael Boldin. So, our readers may get “in full” acquaintance with the interesting Forex company, which has long-term plans of work in Russia.
Russian Clients are More Fun to Work with
– Market Leader: Hello, Michael. Your company, rather famous among traders in Russia and CIS countries, constantly astonishes with new developments. Please, tell us whether the idea of working non-stop comes from you, as a chief, or is it the initiative of entire team?
– Michael Boldin: On a permanent basis we study the market, competitive landscape, and keep a close watch on traders’ needs. The tasks are mostly set by the company’s top managers, which include regional directors. Or employees often come up with initiatives to change or improve something. As a rule, this comes from service support workers, who regularly communicate with clients. Non-stop mode of work happens because the list of innovations is agreed in advance, scheduled for the next 6 months, and, depending on the set priority, implemented.
– Market Leader: Many Russians enjoy comparing services of Russians brokers with those of their analogues in Western countries. Does the work of TradeFort in Russia and other regions of the planet differ?
– Michael Boldin: No, there is no difference, for we provide single type service that corresponds to the world’s standards in all regions. The only thing that may differ is the list of payment systems, available for money input and output in a certain region. Thus, for example, there are specific payment methods in Japan, China, Malaysia, etc.
– Market Leader: Speaking about payments, TradeFort has recently added a new EPS ChinaUnionPay. Why have you decided to cooperate with a payment system from China?
– Michael Boldin: Rather significant share of our client portfolio is made up by traders from Asia, including China. Owing to specific regulation of money transfers in China, this system is a good supplement to Webmoney and other electronic payment systems.
– Market Leader: What advantages may your clients get from using ChinaUnionPay?
– Michael Boldin: I suppose, the main advantage is the fact that this systems enables replenishment by means of plastic cards released in China.
On Technologies, Trading Accounts, and Innovations
– Market Leader: In you opinion, which technologies, services, and products of TradeFort company are in highest demand among clients? And why?
– Michael Boldin: This is very individual, but we have received most gratitude from traders for timely automatic notice of possible stop-out (this keeps saving many from losses), for the possibility to trade future contracts via МТ4 (for many traders at a certain time futures are the best alternative to spot contracts, plus they broaden their opportunities), for the specialized type of account for beginners, which returns 10 % of loss (this has considerably increased the chances of inexperienced traders to succeed), etc.
– Market Leader: You have mentioned an Account for Beginners, where traders’ loss may be compensated. Please, tell us more about it.
– Michael Boldin: This type of account has been specifically developed for beginners, who will learn how to work with small sums and test their trading strategies at real market, but not on demo accounts. This type of account has become very popular. If a deal has ended with a loss, within several seconds you get a 10-percent compensation from the fixed loss into your account. All deals of clients, effected on this account, are hedged by TradeFort by means of aggregative entry to the market of the total net position. This is how such compensation became possible.
– Market Leader: What types of trading accounts and on what terms does your company offer?
– Michael Boldin: At this point we have Fort accounts − 4 signs with a fixed spread, Flex accounts − 5 signs with a floating spread, and PRO accounts − 5 signs with a floating spread, ranging from 0.1 point and 0.2 millisecond fulfillment, which is ideal for scalpers. All accounts may be opened in a classic variant of dollars, euro, and rubles, as well as in a cent variant. There exists a wide choice of credit leverage, ranging from 1 to 10 to 1 to 1000. Consequently, anyone may choose the account and the terms that are most suitable for his trading strategy. However, before opening an account one should carefully study its terms in the corresponding section of the web-site.
– Market Leader: Michael, when speaking about the company’s know-hows, you have mentioned the high popularity among TradeFort clients of the system of automatic notice of approaching MarginCall level. In addition, the company offers the service of expirating contract data, free VPS – virtual dedicated server for automated trade at Forex market, etc. From technical point of view, all these projects are rather intricate and costly. Are the financial risks, connected with their implementation, justified? Domany clients actively use them? And, if it is not too difficult, in two words, what is the main point of each of them?
– Michael Boldin: These truly are very popular services that help traders to avoid unnecessary loss and get strategic information for trading.
– Market Leader: Many Forex companies that bring clients’ orders into interbank market prefer keeping their providers of liquidity secret, whereas you, on the contrary, do not hide them. Why?
– Michael Boldin: Because we have nothing to hide. We have signed contracts with American partners, who let us implement our technologies, and we are proud of this.
On Stimulating Programs and Analytics
– Market Leader: Besides, TradeFort implements various programs. Please, tell us about them.
– Michael Boldin: I suppose, the most popular bonus program is a bonus for every replenishment. A trader chooses the size of a bonus (from 10% to 50%) on his own and gets it at every replenishment. There also is a non-deposit 5-dollar bonus, which is given to verified real accounts and serves a basis for to testing of the company’s trading terms, held by traders who are getting a closer look at us. Besides, we hold various bonus and promotion activities on a regular basis. Thus, for example, in honour of the company’s third anniversary we have added +3% to every profitable deal within one month. Similar activities are held rather often, so we recommend following the company’s news in order not to miss them.
– Market Leader: What studying projects does your company offer, and what, in your opinion, are their competitive advantages in comparison to similar ones?
– Michael Boldin: There is a free manual in the corresponding section of our website; it is very useful for beginners. For advanced traders we offer studying materials on futures trade, information about them, as well as a studying movie in Russian and English.
– Market Leader: May we assume that TradeFort’s work with partners is as active? What kind of terms has been created for such type of cooperation?
– Michael Boldin: Our partners generally work with us via a multi-level partner program Webmaster. This program allows anyone not only to attract clients and get commission fees, but also partners, which, in their turn, will attract their clients; in such a way you will get commission fees even from deals of their clients. For more details about all mechanisms of favourable cooperation with TradeFort please refer to the special section of our web-site “Partner Programs”.
– Market Leader: Analytics is known to be a polestar for every trader. Onecannot imagine effective trading without it. How does this segment of the industry work in your company?
– Michael Boldin: We have our own analytics, which appears on our web-site on a daily basis. We do not write much, but we are trying to make predictions in such a way that there are fewer general words and more specifics, so that traders could easily make correct trading decisions, but not be confused by numerous scattered facts.
On Russian and Western Traders and Company’s Development
– Market Leader: Michael, in your opinion, what is the difference between a Russian trader and his Western colleague?
– Michael Boldin: Russians are sometimes less reserved; they can, for example, be rude with a support service manager, so that the manager gets at a loss and does not understand either the point of the claim, or the way he can help the client. Or, on the contrary, they may be emphatic when showing their delight, up to attempts to send us a box of alcohol by express delivery. This was the way one of our clients from Moscow wanted to do because of having increased his deposit from 3 000 to 70 000 dollars within six months. In this reference, Western traders are much colder and reserved in their emotions and sayings. In general, clients from Russia and CIS countries are more fun to work with. However, there certainly are exceptions at both sides.
– Market Leader: Is TradeFort planning to open new offices abroad, as well as in CIS countries and the Baltic States?
– Michael Boldin: The company’s priority area is broadening its presence in the Internet. However, we have some interesting offers, and we may soon open representative offices in Kazakhstan and Korea.
– Market Leader: Michael, what is your personal prerogative in work for TradeFort? What is of major importance?
– Michael Boldin: Improvement of service quality and implementation of new technologies. Very often ideas arise after talking to traders and partners.
– Market Leader: Why has your company decided to develop its business in Forex industry?
– Michael Boldin: It has happened so that we have a very experienced team, some have been dealing with the business for 4-5 years, others – for 10. Consequently, we want to put our energy into the sphere, where there is experience and understanding of the market. I suppose, everyone should do what he loves to and where he can achieve most. And, generally speaking, it is a very interesting and dynamic sphere, although highly competitive.
– Market Leader: What are your company’s plans for 2014: are you planning to realize new projects, implement innovative technologies, broaden the number of trading instruments, bring into life additional stimulating bonus programs, offers, contests, etc.?
– Michael Boldin: Yes, we certainly have many interesting developments. In 2014 we will offer our clients several new services, designed for individual traders and managers. Our regular clients will also get contests and new unique bonus offers. Keep an eye on the company’s news!
– Market Leader: Many readers would be eager to find out not only about activity of TradeFort company, but also about personalities that have favoured its development and entrance to the market’s leading positions. Please, tell us about yourself: how has the idea of creating the company arisen, what did you do before founding TradeFort, how long have you been dealing with financial markets, what are your interests in spare time?
– Michael Boldin: Our team mostly consists of people coming from a bank sector of broker business and investment companies and funds, as well as IT-specialists.
Speaking about myself, I have started my career in a bank, then I have worked in an international investment company, where I have occupied the position of a vice-presidentл and was in charge of the countries of Western Europe. Three and a half years ago I was invited into TradeFort for the position of Business Development Director in Russia and CIS Countries. I do not regret about my agreement. We have a perfect team and very interesting work. I spend my spare time in the family, with my wife and two children. My hobbies? I adore my dog and love active rest – cycling, skating, and snowboarding.
– Market Leader: And your wishes to those not yet trading at Forex market, but going to do so in the nearest future.
– Michael Boldin: What can I say, observe the trading discipline and work on our Account for Beginners!
