In January 2024, Brokeree Solutions, a global technology provider for multi-asset brokers, launched Prop Pulse – the first turnkey account management solution for prop trading firms. Now, six months later, the technology provider has announced a major update for this product. What does this solution look like and what does its main update bring for brokers?
What is Brokeree’s Prop Pulse?
Prop Pulse is designed to provide trading support and merchant finance firms with the functionality to integrate, track and evaluate merchant performance in challenges. All key features for managing accounts, setting trading targets, conditions and scaling plans are built to make operational processes simple and efficient. Thus, the solution extends the functionality of the trading platform and allows entrepreneurs to start a full-cycle customer journey from the registration form to the funding phase.
Challenges
The main 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 trading step configuration. Thanks to the solution’s intuitive interface, this process is simple. During each step configuration, Prop Pulse allows brokers to use up to 20 targets and constraints to fine-tune 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 customers after they register on the platform. They can choose the challenge based on its cost, trading account amount, trading goals, etc. In the event that they meet all the trading goals set out in the challenge they choose and complete it successfully, then a broker can move their account into the partnership phase. At this stage, a trader will get funded account, profit split and scaling plan.
Interface and ratings section
Like other leading Brokeree solutions, Prop Pulse offers a customizable interface that can be customized to fit the broker’s brand. Corporate colors and logos can help integrate the customer portal into the overall system with other company assets.
Brokers can also add a widget to their website that highlights the performance of top traders. This is easily done using the Ratings Module, which collects transaction information from the connected servers. Using the module, brokers can create an interactive widget using ready-made templates, which can be integrated into their website with just a few clicks.
Important Prop Pulse update
Yana Kitaeva, Product Owner at Brokeree Solutions said,
“Based on an analysis of the customer experience, the recent major update to Prop Pulse focused on giving the broker more flexibility to manage challenge participants. While the automated progression of traders through challenges offers convenience, manual control may be preferable in some scenarios. Prop Pulse now supports both methods, offering flexible risk management and new automation capabilities.”
Improved automation features
One of the key features of the latest update is the broker’s ability to automate more processes within system performance. If a broker decides to remove the manual check when moving a trader’s account to the next challenge step, the solution can be configured to do so automatically. The trader must perfectly achieve the trading targets and initiate the transfer through the client’s portal. If the stage passes without violating the restrictions 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 are eligible to move to the next phase. The transfer will only take place after approval by an administrator.
Embeddings
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 immediately launch the full system.
“Brokeree’s Prop Pulse provides significant benefits for brokers, CRM systems and payment providers by enabling seamless integration and streamlined workflows. The solution’s API provides interactive documentation, which simplifies the integration process for brokers. For merchants, the integration enhances the 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.
Dashboard
To easily monitor the performance of traders in the challenges they pass, brokers have a special tab with smart dashboards. In the latest update, the solution has been improved with an improved tab interface. Charts are automatically color-coded winning and failing accounts based on data from the trading platform. Thus, the members of the broker team got the intuitive tool to monitor the performance of the clients, passing a challenge, balance and failed targets.
In addition to graphs, admins will also have access to detailed tables with the trader completing each step of the challenge. All this will help the administrator 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 technology solutions for multi-asset brokers worldwide. The company specializes in the development of high-quality solutions as well as MetaTrader platform service and consulting.
Brokeree’s flagship products include Cross-Server Social Trading, Multi-Server PAMM and Multi-Platform Liquidity Bridge available for brokers operating on MT4, MT5 and DXtrade trading platforms. Apart from these, the company offers more than 50 solutions and tools that help brokers to elevate their businesses in very different areas such as customer acquisition, risk management and liquidity management.