Knowledgebase: > Tree Management
Accounts Tree (New Option)
Posted by Mohammad Rahhal, Last modified by Mohammad Rahhal on 04 December 2018 04:56 PM

In the VertexFX Trader, the accounts are managed using a creative Multi-Leveled tree, with the unlimited number of levels, inside each others, unlimited number of accounts for one client or office, unlimited number of offices, groups, clients, and accounts inside each group or office the VertexFX Accounts tree can handle any business topography you will ever have.

When you start your business on VertexFx System, you will need to create (Clients, Accounts, Groups and Offices). To create any of these options, you need to go to the account tree and press right click on any desired node that you want to place what you are going to create.

Then go to the New option, you will see four sub options to create (Client, Account, Group and Office).

AccountsTreeNew

1- New Client

When you want to open a new account for a new customer, first, you got to create a new client in the system. This can be done by going to the accounts tree and pressing a right click on the point of the tree that you want place this new client in - choose the New option - select Client.  This window will appear:

NewClient

  • In this window, you will decide from the check boxes on the top the type of this Client.
  • Read Only: This option allow you to prevent your client from trading. This will also make this client as a limited profile, just monitoring client's open account and market watch.
  • In this window, you will decide from the check boxes on the top the type of this Client.
  • Force Change Password: So the client will be forced to change the password after the first login.
  • After that, you fill all information about your client on the empty blanks, press Submit. Then you will find this new client created on your accounts tree.

2- New Account

After client creation, you may create for an Account(s) for the client. To do that, select the desired account and perform a right click on it then choose - New - Account, and this window will appear to you:

NewAccount

  • From this window you can see four options on the top, where you may apply any of them on the created account:You can choose form the first drop down list the type of the account (either Normal Account, or Coverage Account). For normal end user trader you have to use normal account, but for your bridging issue you have to create coverage account).
  • Locked: by this option, the account will be locked and will disable the client from any trading, a warning message appears when the client tries to make a transaction (Please contact your administrator).
  • Do not liquidate: by this option, the account will not be liquidated even if this account reached the liquidation point.
  • Demo Account:  by this option, the account will be as a trial one and can place positions without confirmation from the BackOffice (i.e., the client who owns this account will be able to trade and his positions will not reach the chatting screen of the BackOffice) and all his transactions will not appear in the reports.
  • Trading Type: by this option, you can choose whether the client will be as Margin Trader or Physical Trader (if this account is connected to Stocks Exchange, and no need for the client to see the Used Margin, Free Margin and Margin Level since the leverage will be one).
  • From the Initial Balance blank, you can enter the starting balance for this client so he can start trading on the system, Please note that the Initial Balance will not appear in the money transactions report, It will appear in the statement.
  • The Account ID blank: from here, you can enter the account ID manually if you don’t want it to be generated automatically. Otherwise, keep it Auto Select. 
  • In the bottom of this window, you can see the two radio buttons, and those are for the time that you desire to create the account:After you finish press on the Submit button, and the account will be created with the information that you set for that client.
    1. If you choose the Now option, the account will be created after you press Submit at the current time.
    2. You can also define this account in a certain time/date by choosing the User define time/date.

3- New Group

In Vertexfx system, the dealer is able to create a group and place some clients inside this group, the reason for creating this group is if the dealer has a group of clients and they have something in common with each other and this group admin wants to manage this client's account using client terminal application.

The group is logical group for your tree and your business management, you can make a group by going to the Accounts Tree - Right Click - New - Group and this window will appear to you:

NewGroup

From this window, you will fill all the blanks with the information about this group, and then press Submit. Also, you will be able to create new clients inside it or transfer the clients to this group. The Force Change Password option is used to force the group to change the password after the first login

4- New Office

The Office is such as the Group, but the differences here:

  • The office represents an IB (introduce broker).
  • The other difference is that you can create an account for the office.

In order to create a new office, go to the Accounts Tree - Right Click - New - Office and a window as the following picture will appear to you:

NewOffice

You can notice from the picture that there are three check boxes on the top of it:

  • Demo Office: means that this office will be as a trial and can work without the confirmation of the BackOffice.
  • Read Only: means that the office can only take a look at the tree and clients, but can’t do any transaction.
  • White Labeled: means that the office looks as a Market Maker to its clients, but it is just an appearance.
  • Force Change Password: So the office will be forced to change the password after the first login.

After you fill all the blanks with the information about this office, and after pressing Submit, you will be able to create new clients inside it or transfer the clients to this office.

Note: you can use client terminal application for connect using office or group login info to control your group's or office's client (There is no need to give Backoffice application to your group admin).


See Also

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