ForTraders in the numbers
Introduction
ForTraders is a forward-thinking company committed to democratizing the world of trading for retail traders. ForTraders recognized a significant challenge facing their target audience—individuals passionate about trading but held back by a lack of substantial capital—so they created a gateway to real trading success without the financial risk that typically comes with it.
The Need
The ForTrader's mission is clear: they want to create a solution that would allow these traders to prove their skills, learn the ropes, and potentially earn real money without the daunting risk of losing their capital. They needed a platform that could offer a safe, virtual trading environment where traders could test their strategies, develop their skills, and, if successful, transition to earning real profits.
The Challenge
Developing this solution was no small task. The client required a platform that could seamlessly blend the thrill of real trading with the safety of a virtual environment. The biggest challenge was to create a system that would be both fair and attractive to traders while also ensuring the business model remained sustainable.
The platform needed to be robust enough to handle a growing, global user base, adaptable to various market conditions, and flexible enough to offer different challenge tiers and rules that would appeal to a wide range of traders.
The ongoing challenge is to maintain a balance between making the platform attractive to users and ensuring that it remains profitable. The market saw a rise in similar offerings, leading to price wars and frequent changes in platform rules.
The Cleevio Solution
The result is a unique virtual trading environment where users can purchase a challenge designed to test their profitability over time. Successful traders would move on to a funded phase, where they continued to trade virtually but with the potential to earn real money from their profits.
The platform’s key feature is its ability to provide a risk-free learning environment. For a small fee—significantly less than the potential losses in trading—users could access a virtual capital of up to $300,000. This setup allowed traders to develop and refine their strategies without risking their savings, making it an ideal solution for beginners and more experienced traders looking to scale their operations.
Customer-Facing Web Application
The customer-facing web application is designed for traders to participate in trading challenges and tournaments. It offers a user-friendly interface where users can join challenges, track their progress with real-time statistics, and manage their trading activities. The app supports various payment options, including credit cards and cryptocurrencies, and allows discount and affiliate codes. The design is clean and appealing, ensuring an engaging experience for users.
Admin Application
The admin application is a backend management tool administrators use to oversee the operations. It enables the configuration of trading challenges, monitoring of orders, and management of user accounts. The app also supports the creation and management of discount and affiliate codes and provides detailed statistics to help optimize the challenges.Additionally, it includes notification systems that alert admins to important events, such as new orders or payout requests.
Tournaments App
The tournaments app allows traders to compete in trading challenges and tournaments. The app provides real-time tracking and statistics, allowing users to monitor their performance and compete against others. It is designed to be simple and engaging, encouraging users to improve their trading skills in a competitive environment.
By providing a safe, accessible, and rewarding environment for traders, ForTraders is not only meeting the needs of its target audience but also positioning itself as a stable player in a rapidly evolving market.