In January 2024, Brokeree Solutions, an international technology provider for multi-asset brokers, released Prop Pulse – the first turnkey account-management solution for prop trading firms. Now, six months later, the technology provider announced a major update for this product. What does this solution look like and what does its major update bring for brokers?
What is Brokeree’s Prop Pulse
Prop Pulse is designed to provide prop trading and traders’ funding firms with the functionality to onboard, monitor, and evaluate traders’ performance on challenges. All the essential features for managing accounts, setting trading objectives, conditions, and scaling plans are built to make operational processes straightforward and efficient. Thus, the solution extends trading platform functionality and allows entrepreneurs to launch a full-cycle customer journey from the registration form up to the funded phase.
Challenges
The key feature of Prop Pulse for brokers is the ability to create an unlimited number of trading challenges.
A wide range of options can be fine-tuned for each challenge through the trading step configuration. Thanks to the intuitive interface of the solution, this process is straightforward. During each step’s configuration, Prop Pulse enables brokers to use up to 20 objectives and constraints to precisely adjust trading conditions for traders.
There are two general types of challenges in Prop Pulse:
- Evaluation phase challenges;
- Partnership phase challenges.
Evaluation phase challenges are available for new clients after they register on the platform. They may choose the challenge based on its cost, amount of the trading account, trading objectives, etc. In case they achieve all trading goals specified in the challenge they choose and successfully finish it, then a broker may move their account to the partnership phase. At this stage, a trader will get a funded account, profit split, and scaling plan.
Interface and Ratings Module
Like other flagship solutions from Brokeree, Prop Pulse offers an adaptable interface that can be customized to fit the broker’s branding. Corporate colors and logos can help integrate the client portal into the overall system with other company assets.
Brokers can also add a widget to their website that highlights the performance of the top traders. This is easily done using the Ratings Module, which collects trading information from the connected servers. With the use of the module, brokers can create an interactive chart widget using ready-made templates, which can be embedded on their website with just a few clicks.
Prop Pulse major update
Yana Kitaeva, Product Owner at Brokeree Solutions said,
“Based on an analysis of the client experience, the recent major update of Prop Pulse was focusing on providing more flexibility for the broker to manage the participants in the challenge. While the automated progression of traders through challenges offers convenience, manual screening may be preferable in certain scenarios. Prop Pulse now supports both methods, offering flexible risk management and new automation features.”
Enhanced automation features
One of the key features of the latest update is the ability of the broker to automate more processes within the system’s performance. If a broker decides to eliminate manual control during the transfer of a trader’s account to the next step in the challenge, the solution may be configured to do it automatically. The trader must flawlessly achieve trading objectives and initiate the transfer via the client’s portal. If the stage passes without violating constraints set by a broker, the system will allow the trader to proceed to the next stage.
If a broker chooses to maintain manual control over account transfers, the solution offers a list of accounts that have met the conditions for moving to the next phase. The transfer will only take place after approval from an administrator.
Integrations
Currently, Prop Pulse is available to all companies using the MetaTrader 4 and MetaTrader 5 trading platforms. The solution also integrates with CRM providers, allowing brokers to instantly launch the full system.
“Brokeree’s Prop Pulse provides significant benefits for brokers, CRM systems, and payment providers by enabling seamless integration and optimized workflows. The solution’s API provides interactive documentation, which simplifies the integration process for brokers. For traders, the integration enhances their user experience by providing a cohesive and efficient process that minimizes frustration and maximizes operational efficiency,” said Aseel Koseiny, Business Development Manager at Brokeree Solutions.
Dashboards
To conveniently monitor traders’ performance on passing challenges, brokers have a dedicated tab with intuitive dashboards. In the latest update, the solution has been improved with an improved tab interface. The graphs automatically highlight with colors winning and unsuccessful accounts based on the data from the trading platform. Thus, brokers’ team members got the intuitive tool to monitor clients’ performance, passing a challenge, balance, and failed objectives.
In addition to charts, administrators will also have access to detailed tables with the trader completing each step in the challenge. All this will help the manager to quickly get the necessary information to navigate the situation if something goes wrong.
About Brokeree Solutions
Brokeree Solutions is a well-known provider of innovative technological solutions for multi-asset brokers worldwide. The company specializes in high-grade solution development as well as MetaTrader platform servicing and consulting.
Brokeree’s flagship products include cross-server Social Trading, multi-server PAMM, and multi-platform Liquidity Bridge available for brokers that operate on MT4, MT5, and DXtrade trading platforms. Besides those, the company offers more than 50 solutions and tools that help brokers elevate their businesses in very different areas, including client attraction, risk management, and liquidity management.
