“As a fund manager who is followed by several investors, the platform has provided me with tools to make fund management easy. First, through the platform, you can get new subscribers with ease. Second, the investors can easily allocate their funds using their risk profiles easily” the portfolio manager reported to Tradesocio
Wael Salem, CTO at Tradesocio provides a first-person account from a portfolio manager on his experience in using the company’s Alpha Suite solution
The trading and investment world is quickly changing. New technologies are coming every day, with the goal of making life easier for brokers, traders, and fund managers. At the same time, regulators in major countries are ramping up regulations to make the investment and trading world safer and vibrant.
Just last month, European regulators started implementing the second MIFID regulations. A few weeks later, the Financial Conduct Authority (FCA) started exploring new rules on negative balance.
Equally, the trading world has continued to become more competitive. Social media platforms like Twitter and Facebook have made it easier for companies to reach to a wider audience. Today, the trading pool has expanded to counties that were unimaginable in the past. For example, in the past IFX Expo in Hong Kong, we met hundreds of companies, each aiming for the same customers.
As a fund manager, I met with different companies during the expo. While most of the companies in the expo provided brokerage services, some of them provided B2B solutions. One of the companies we found most exciting was Tradesocio, a company that provides software for brokerages, fund managers, investors, and brokers.
Using their platform, brokers and Introducing Agents can get new customers, while fund managers can easily manage their funds and get new subscribers. In addition, traders can quickly connect their trading accounts and learn from experienced traders.
After a month of using their service, here are the five things I discovered.
For a software that does so much, Tradesocio’s fund management tools are easy to deploy and use. As an admin, you get a simple interface that breaks down everything you need about your fund. Also, you can connect your MT4 platform by a single click and get new subscribers without doing a lot. The dashboard has several sections, including on reporting, settings, funds withdrawals, and the allocations.
Again, for a software that simplifies all the work for a fund manager, Tradesocio is very affordable. The company does not charge a monthly or annual subscription. Instead, the company charges a small commission on the profits you generate from the Alpha platform. Therefore, if you subscribe and do nothing, you will not be charged any maintenance fee.
As a fund manager, reporting is very important to your business. You want to get information about how your fund is doing with ease. In addition, you want to get a preview of your business without the hassle.
In this regard, Tradesocio’s technology has been very important to my firm. Every morning, after logging on, I am able to know everything that happened in the account easily. The platform provides excellent revenue reports, practice and live reports, investor reports, and trading reports.
Ease of Fund Management
As a fund manager who is followed by several investors, the platform has provided me with tools to make fund management easy. First, through the platform, you can get new subscribers with ease. Second, the investors can easily allocate their funds using their risk profiles easily.
Third, there are multiple revenue channels, which include fees based on performance, subscriptions, maintenance, and trade fees.
When signing up, the investors will sign a Power of Attorney with the fund managers provided by the custodian broker. In the past, all this was a very difficult thing to do for fund managers.
How easy it is to start a fund
Whilst I have ran my fund for years, I discovered how easy it was to launch the fund using Tradesocio’s platform. In the past, to launch a fund, you needed to follow several tiresome steps like building a website and marketing it.
With Tradesocio, all you need to do is to follow a few steps, showcase your performance, and see new investors start to roll in.