T4b gross launches plugin for MT4 “CFD with limited risk”
T4b gross launches plugin for MT4 “CFD with limited risk” in accordance with the requirements of the AMF
Tools for Brokers (t4b gross), a technology provider for Forex brokers, has recently developed two new plugins innovative for MT4 for brokers that operate in France and Japan in order to implement solutions for accounts with limited risk and reports of trading very accurate.
Many changes have been introduced by the european regulators in order to mitigate the risk of traders :
The sales practices and marketing
Prohibition of digital advertising for the CFD
Prohibition of bonuses offered by brokers
Limitation of the leverage effect
Protection against negative balance
Accounts low risk
The conditions of withdrawal requests
For example, in France, broker-dealers must file accounts with limited risk. With this type of account, a stop-loss guaranteed should be automatically set so that it does not lose more than the margin used to open the trade. Then, the trader must not have the possibility of increasing the level of stop-loss. Several brokers such as CMC Markets, XTB and plus500 now offer accounts with limited risk via their proprietary platforms. But the MetaTrader 4 platform which is used by most of the brokers do not have the capacity to oblige the traders to set SL for each transaction, brokers who wish to operate on the French market must, therefore, implement this function with their own it department or outsource this task.
To meet these new requirements, t4b gross has developed a plugin that solves the problem. This plugin not open a trade without set SL and it restricted his movement thereafter. Traders are therefore obliged to determine their maximum loss when opening a position.
This is not the only solution developed by t4b gross in order to meet the regulatory requirements. Some regulators such as the FSA in Japan require the reporting of trading very accurate. Instead of hiring employees to develop these reports, brokers can automate this process with the right technology. T4b gross has developed a tool that generates daily reports to the FSA with all the information of trading required.