Did you know that PAMM is particularly popular among Asian traders? Here are 5 trading tools commonly found in brokers that expand in Asian market.

Broker Tools for Asian Traders

In Asia and the Pacific, more than in other regions, the volume of traditional FX products and derivatives traded globally has increased quickly during the past decade. In particular, Asian traders have projected a high number of activities in the forex market. In order to avoid weariness and protect gains, it is essential to establish a forex trading plan because the foreign currency markets are open almost constantly. Here are 5 broker tools that are in high demand among Asian traders:

 

1. MetaTrader

The first broker tool to consider is MetaTrader platform, be it MT4, MT5, or both of them. Any starting broker actually needs this platform because most traders have familiarized themselves with MetaTrader as their go-to place when executing orders. It offers access to more than 60 liquidity providers, multiple asset classes, over-the-weekend trading, flexible settings, and other additional services. The majority of brokers nowadays make sure to always include MetaTrader in their offerings. Rather than looking for any broker that provides access to MetaTrader platforms, it's much easier to find brokers that haven't offered the MetaQuotes product.

 

2. PAMM

The second popular broker tool for Asian traders is PAMM (Percentage Allocated Module Management). Asian traders who are not eager to risk themselves in independent trading or have limited time to engage in the process prefer to take advantage of PAMM. This tool enables traders to take a role as Investors who pay a Money Manager (MM) to manage their trades. These Money Managers trade their personal funds along with those of Investors in exchange for some percentage of the earnings.

Almost all brokers with a huge portion of Asian clients provide PAMM as one of their trading features. Some of them are HF Markets, InstaForex, and FXOpen.

 

3. Leverage Changer

Asian brokers may benefit from the Leverage Changer plugin, the third recommended broker tool, as it enables them execute any trader's request to change their leverage in the middle of trading. The margin rate and leverage of opened positions are possible to be modified with this plugin depending on the level of balance or equity.

It's also worth noting that Leverage Changer is used for netting and hedging positions and utilizes two margin calculation formulas: forex and CFD leverage. In sum, Leverage Changer is able to fulfill clients' requests to change leverage and shield them from misfortunes.

 

4. Trade Processors

The fourth broker tool is the Trade Processor. It is a risk-free liquidity bridge and market-making order pool combined into a secure, multi-part modular system. It offers a comprehensive feature set that includes private aggregation pools, complex aggregation settings, smart route filtering, A/B-book risk management, and many more features.

The continuous execution method, which processes large orders over time and breaks them into smaller ones to assure the best pricing, is especially well-liked by clients in Asia. It is not surprising as it is developed to make trades easier by its transparency, efficiency, and convenience.

 

5. Copy Trading Plugin

The last but not the least broker tool to mention is Copy Trading Plugin. When it comes to the number of new Asian traders and investors entering the market, some Asian economies are among the fastest growing. Naturally, this results in a large number of new players who need advice and solutions to help them start trading with lower risks.

The Copy Trading Plugin here is specially designed for MetaTrader platforms, so traders don't have to change platforms whenever they want to copy trades. This plugin facilitates cross-symbol copying, copying in the reserved direction, and copying between one or more accounts. Several copying modes are available for the clients, which include modifications on lots, certain multipliers, equity, balance, and free margin.

To sum up, all these 5 broker tools are mostly favored by Asian traders and thus commonly found in many brokers that extensively market their service in the region. If you look for a broker that would support your needs in Asian trading, you can use the availability of such tools as your parameter to find the right broker. After all, finding the best broker is all about looking for the ones that match your needs and ability.