MatchTrader platform. Best MatchTrader brokers & Prop Firms

MatchTrader Review and Analysis

Overview

The Match-Trader platform story so far: from inception to success

The rapid development and evolution of the retail trading industry led to the emergence of new platforms, which came to instill a much-needed diversity in a field which was dominated for years by a single player. From 2011 onwards, technology providers were spurred to continually innovate and improve their trading tools.

Today, the market is saturated with various platforms, yet not all boast the same level of maturity and testing. Many are simply thin clients or different front-ends for well-known software, rather than standalone systems. Among the standout solutions gaining attention is Match-Trader, which has been in development since 2013. Over a decade, Match-Trader has consistently expanded its proprietary software and services for forex brokers and traders, while recent developments have helped it consolidate its market share and presence even further.

The creator of the Match-Trader platform, Match-Trade Technologies, is a much coveted and pioneering forex and cryptocurrency technology provider. Recognized as the Best Multi-Asset Trading Platform by Forex Awards (2021) and Ultimate Fintech (2022 & 2023), the company currently offers a platform server with multiple APIs, White Labels with Client Office for Traders, Forex CRM for Brokers, and Match2Pay, a blockchain-based Crypto Payment Gateway. Operating globally since 2013, with offices in Cyprus, Poland, South Korea, Malaysia, India, and the USA, Match-Trade Technologies combines state-of-the-art matching engine technology with deep liquidity through its strategic partnership with CySEC-regulated Match-Prime Liquidity Provider.

Match-Trader’s journey began with an ultra-fast matching engine, first launched in 2015 for institutional clients. The platform's matching technology quickly gained popularity for its speed and reliability, executing over 50,000 transactions per second with less than three milliseconds of latency. Forex providers could access this technology through the web-based Match-Trader platform or via FIX API. As the system evolved, Match-Trader built an in-house FIX Bridge, integrating seamlessly with major ECN liquidity providers and popular retail trading platforms.

Although initially designed for institutional clients, Match-Trader soon expanded to serve the retail market. Although an integration with MetaQuotes’ MT4/5 never materialized, the platform's development continued, adding a retail module to meet individual traders' needs. By 2020, Match-Trader introduced a retail module with an enhanced back-end and a trader-centered design, officially launching its White Label offer for retail brokers, a move that proved catalytic for the platform’s popularity and growth.

The platform was hence redesigned using cutting-edge Progressive Web App (PWA) technology, meaning that it now offers an omnichannel trading experience. This allows traders to seamlessly switch between devices with synchronized settings, making Match-Trader a unique solution in the forex market. Brokers also benefit from diverse distribution channels, enabling downloads directly from their websites, a crucial aspect ever since Apple began treating platforms from different brokers as duplicates.

By 2022, Match-Trader had attracted dozens of brokers and around 40 partners, including major CRMs and supporting apps. This success led to the decision to offer a full server license. Despite not being widely recognized among traders initially, the company’s reputation among brokers and technology providers facilitated the sale of 12 servers within six months, including to major White Label providers like Tools for Brokers and B2Broker.

With over 100,000 active trading accounts on its own server, Match-Trader demonstrated high processing capacity and adaptability to clients' existing software. The platform's performance in 2022 saw a 103% revenue growth, with customer deposits tripling, cementing Match-Trader as a preferred choice for traders.

Match-Trader, available to all forex participants since 2020, continues to evolve. The PRO version, part of the CySEC-regulated liquidity solution offered by Match-Prime Liquidity, has been updated to meet the highest standards. Both solutions are promoted globally, with the team attending industry expos worldwide.

Match-Trader strongpoints and unique features

The Match-Trader platform stands out for its simplicity and user-friendliness, featuring single sign-on access to CRM and Social Trading to boost engagement and retention. Traders can deposit, verify their identities, and access the Partner Room without leaving the app.

Moreover, the platform offers special features for White Label providers, allowing brokers to set individual symbols without inconsistencies. All charts show prices precisely as they appear in the Market Watch, including broker-specific markups. The end-of-day time can also be customized to the broker's timezone for accurate swaps and statements.

Pros

More specifically, the main strongpoints of the Match-Trader platform are:

• Customizability and Flexibility: Match-Trader offers extensive customization options, allowing brokers to tailor the platform to their specific needs. This includes customizable interfaces, risk management tools, and flexible API integrations.
• Advanced Technology: The platform boasts an ultra-fast matching engine capable of executing over 50,000 transactions per second with less than three milliseconds of latency, ensuring reliable and quick trade executions.
• Multi-Asset Trading: Match-Trader supports a wide range of trading instruments, including forex, CFDs, and cryptocurrencies, making it suitable for diverse trading strategies and market demands.
• Comprehensive Integration Capabilities: The platform provides robust integration options through its in-house FIX Bridge and multiple APIs, allowing seamless connectivity with major ECN liquidity providers, CRMs, and other third-party applications.
• User-Friendly Interface: Match-Trader features an intuitive and user-friendly interface designed to enhance the trading experience. It includes single sign-on access to CRM features, social trading capabilities, and easy navigation.
• Progressive Web App (PWA) Technology: The use of PWA technology ensures that traders can seamlessly switch between devices with synchronized settings, providing a consistent and efficient trading experience across mobile, desktop, and web platforms.
• White Label Solutions: Match-Trader offers comprehensive white-label solutions, giving brokers more control over their branding and customer experience. This independence allows brokers to establish a unique market presence.
• Scalability: The platform is designed to handle high volumes of transactions, making it scalable for growing firms with increasing trading activity.
• Strong Security: Match-Trader incorporates robust security measures to protect user data and ensure secure transactions, which is crucial in the trading industry.
• Global Reach and Support: With offices in various countries and a global presence, Match-Trade Technologies offers extensive support and services worldwide, catering to a diverse client base.

Possible weaknesses of the Match-Trader platform

Despite its numerous advanced features, the Match-Trader platform may be argued to be facing possible weaknesses in relation to:

• Market Recognition: Despite its strengths, Match-Trader is not yet as widely recognized or established as MetaTrader, which might make it harder to attract traders who are familiar and comfortable with more established platforms.
• Learning Curve: For brokers and traders accustomed to MetaTrader or other established platforms, transitioning to Match-Trader may involve a learning curve, requiring time and resources for training and adaptation.
• Initial Setup Costs: Implementing a new trading platform like Match-Trader can involve significant initial setup costs, including integration with existing systems and training staff, which may be a barrier for some brokers to make the switch.
• Limited Historical Data: As a relatively newer platform, Match-Trader might have less historical data available for backtesting compared to longer-established platforms like MetaTrader.
• Dependency on Updates and Support: As with any proprietary platform, firms are dependent on the developer (Match-Trade Technologies) for updates, bug fixes, and support. Any delays or issues in these areas can impact the broker's operations.
• Broker-Specific Customization: While customization is a strong point, it can also be a weakness if not managed properly. Extensive customization may lead to inconsistencies or technical issues if not implemented correctly.

Which Match-Trader broker shall I choose?

Choosing a broker that uses the Match-Trader platform involves several key considerations to ensure you select a reputable and efficient service. Here are some guidelines to help you make an informed decision:

• Regulation and Licensing: Ensure the broker is regulated by a reputable financial authority. This provides a level of security and accountability, safeguarding your investments.
• Reputation and Reviews: Look for brokers with positive reviews and a strong reputation in the trading community. Platforms like B2Broker, which have integrated Match-Trader, are known for their reliable services and comprehensive offerings.
• Technology and Features: Evaluate the broker's use of the Match-Trader platform. Check if they offer the full range of Match-Trader's features, such as fast execution speeds, an intuitive interface, and robust risk management tools. Match-Trader's use of Progressive Web App (PWA) technology ensures a seamless trading experience across devices.
• Customer Support: Good customer service is crucial. Choose brokers that offer 24/7 support and have a reputation for resolving issues quickly and effectively.
• Additional Services: Consider the additional services offered by the broker, such as educational resources, trading tools, and market analysis. Brokers like Match-Prime, a partner of Match-Trader, provide deep liquidity and comprehensive support, enhancing your trading experience .

With all these in mind, here’s the top Match-Trader brokers, as assessed by our team:

Which is the best Forex Prop Firm offering Match-Trader Platform?

Funded Trading Plus

3.0 / 5

Exclusive Discount Coupon - Check it out!  $

Top alternative: FunderPro (Get a 20% OFF Exclusive Discount Coupon)

---

So which Firms are better than Funded Trading Plus for October 2024?

View alternatives

The Match-Trader Vs MetaTrader derby

Match-Trader presents a robust and flexible trading platform with numerous advanced features, making it a strong contender in the market. Its customizability, scalability, and integration capabilities are significant advantages. Brokers considering Match-Trader need to weigh these factors carefully to determine if it aligns with their specific needs and long-term strategy.

Firms turning to Match-Trader often do so after experiencing various issues with MetaTrader, one of the most widely used trading platforms in the forex industry. These problems can range from regulatory challenges to technical limitations. Here are some reasons why firms might be prompted to make the switch:

• Licensing Issues: MetaTrader has faced scrutiny from regulatory bodies in different regions, impacting its availability and compliance status. Some brokers might find it difficult to maintain or acquire licenses for MetaTrader, prompting them to seek alternatives like Match-Trader, which may offer more flexible or compliant solutions.
• Customization Constraints: MetaTrader's architecture can be limiting for brokers who require a high degree of customization. Match-Trader offers a more flexible and customizable platform, allowing brokers to tailor the software to their specific needs and preferences.
• Performance and Scalability: As trading volumes and the complexity of trading operations increase, MetaTrader may struggle to maintain optimal performance. Match-Trader's robust infrastructure, including its ultra-fast matching engine, can handle high volumes of transactions with low latency, making it a more scalable solution.
• Integration Capabilities: Match-Trader offers extensive integration options with other software and trading tools. Its in-house FIX Bridge and API integrations allow seamless connectivity with major ECN liquidity providers, CRMs, and other third-party applications, providing a more integrated and efficient trading environment than that of MetaTrader.
• Market Diversification: With the increasing diversity in trading preferences and the rise of new asset classes like cryptocurrencies, firms might seek platforms that support a broader range of trading instruments. Match-Trader's multi-asset capabilities can cater to this demand better than MetaTrader, which has traditionally focused on forex and CFDs.
• Responsive Development: Match-Trade Technologies, the developer of Match-Trader, is known for its responsive approach to market needs and technological advancements. This can be a significant advantage for firms looking for a partner that can adapt quickly to changes in the trading landscape.

In a nutshell, it can be concluded that the move to Match-Trader is often driven by a combination of regulatory, technical, and strategic factors. Firms looking for greater customization, scalability, advanced features, and better integration options find Match-Trader to be a compelling alternative to MetaTrader. As the trading environment continues to evolve, platforms like Match-Trader that offer flexibility and innovation are likely to attract more brokers seeking to enhance their service offerings and operational efficiency. In fact, there is no doubt that Match-Trader has benefited significantly from the recent problems between prop trading firms and MetaTrader, particularly issues related to MetaQuotes' licensing policies and restrictions. Moreover, Match-Trader has been building a robust ecosystem of partners, including major distribution systems, leading CRMs, and supporting apps. This ecosystem makes it easier for brokers to integrate Match-Trader into their existing operations, enhancing its appeal over more restrictive platforms like MetaTrader.

Conclusion

The way forward for Match-Trader looks very promising as it has effectively leveraged the dissatisfaction and operational challenges faced by prop trading firms using MetaTrader. By offering a flexible, technologically advanced, and regulatory-compliant alternative, Match-Trader has positioned itself as a strong contender in the trading platform market, attracting brokers and prop firms looking for more reliable and adaptable solutions.

Frequently Asked Questions (FAQs):