Gold-i Launches scalper watch for MT4 brokers

Gold-i has launched a product to help MT4 brokers to detect unwanted scalpers and protect their profits. Gold-i Scalper Watch, fully integrated with MT4, is simple to use and quick to install, without requiring any additional servers. It automatically watches out for scalper traders and issues alerts when it detects them. It also enables brokers […]

gold i

Gold-i has launched a product to help MT4 brokers to detect unwanted scalpers and protect their profits.

Gold-i Scalper Watch, fully integrated with MT4, is simple to use and quick to install, without requiring any additional servers. It automatically watches out for scalper traders and issues alerts when it detects them. It also enables brokers to customise settings to define how scalper traders are spotted.

Having detected a scalper, Scalper Watch shows analysis of the scalper’s other trading activity. Brokers can then decide if the scalper is taking advantage of the price latency. They can also choose to tag the scalper’s account so that the tag appears on the scalper’s subsequent trades.

Tom Higgins, CEO, Gold-i explains, “Scalpers having access to a faster price source than the broker’s will use it to their advantage, making money every time they trade and draining a broker’s profits, unless the broker is able to close them down or A-book them quickly enough. Gold-i Scalper Watch has been developed to address this challenging issue, helping brokers to spot unwanted scalpers, act accordingly and protect their profits.”

Misha Kipnis, VP Gold-i Visual Edge added, “Without the right tool, it is very hard to identify scalpers as they trade in a way which makes it difficult to detect. Gold-i Scalper Watch is therefore a valuable and cost-effective tool, developed to help brokers to make more money.

“Scalper Watch is a key feature in the Gold-i Visual Edge business intelligence tool. We have released it as a separate product following increasing demand from brokers worldwide.”

Gold-i’s product portfolio includes a wide range of innovative software products to help MetaTrader brokers to make more money, cut costs, reduce risk and differentiate from competitors. All products are backed up by excellent 24×7 support.

Scalper Watch screen shot 1

Read this next

Digital Assets

Zero Hash obtains AUSTRAC registration in Australia

Seed CX is expanding the reach of its crypto settlement solution, dubbed ‘Zero Hash,’ which has registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency exchange provider.

Digital Assets

UK advertising watchdog slams Arsenal over misleading crypto ads

The UK advertising watchdog has reprimanded Arsenal Football Club for promoting crypto assets without warning fans of the potential associated risks.

Retail FX

Swissquote profit slips as crypto revenue falls by two thirds

Swissquote Group, Switzerland’s provider of online trading services, reported that its H1 revenues dropped by nearly a quarter from a year ago as clients’ interest in crypto trading stagnated.

Digital Assets

Crypto.com granted approval to operate business in Cayman Islands

Crypto.com, one of the longest-established crypto platforms, has obtained a new registration in the Cayman Islands under the Virtual Asset Services Providers Act.

Executive Moves

United Fintech hires Mitch Vine and Danny Finnerty to expand US footprint

“United Fintech’s expansion in the US is pivotal to our mission of helping financial institutions digitize and gain access to best in class capital markets focused technology.”

Digital Assets

Ankr backed by Binance Labs after several initiatives in support of BNB Chain

Ankr has made a series of upgrades to the BNB Chain, including Erigon, the Archive Node, and the latest BNB Application Sidechain (BAS) scalability solution.

Retail FX

Financial Commission terminates membership of LordFX

The Financial Commission, an independent self-regulatory compliance specialist for the financial services industry, has expelled forex brokerage LordFX from its membership, according to a FinaCom statement.

Industry News

Match-Prime Liquidity sponsors Cypriot football club Omonoia FC

“We feel privileged to support Omonoia as it’s one of the largest teams in Cyprus, fandom size-wise, and we know it has a special connection with its supporters.”

Institutional FX

XTB’s X Open Hub adds 30 cryptos to white label offering for brokers

Its solutions include deep institutional liquidity on more than 5,000 global instruments, such as indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a white label platform that can be fully customized and branded for each brokerage.

<