Fintech Broker ATFX Unveils blockchain verification technology
ATFX, a financial technology broker, has developed a fresh blockchain validation technology that offers consumers a trustworthy authentication process. This innovative blockchain authentication solution enables prospective customers to check if an introducing broker (IB) is licensed with and approved by the broker via blockchain. The technology is built on a proprietary blockchain system that enables IBs to confirm the condition of recommended accounts.
By incorporating blockchain technology into its processes, ATFX is capable of ensuring that malevolent parties cannot modify their documents owing to the inherent structure of blockchain trades. In addition, openness and confidence are gained by making the information available to potential and present customers.
As per financemagnates.com, in spite of the benefits it may provide the trading business, blockchain has found limited acceptance in the Forex and CFDs trading industries, as several brokers remain reluctant to implement these technologies.
SmarTrade, a financial consultancy business, teamed with ATFX in January 2023 to launch a series of initiatives designed to provide free financial education to more Filipino residents. SmarTrade provides free learning sessions, one-on-one coaching, and counseling for all levels of expertise in online trading. According to mb.com.ph, these online and in-person activities have touched over 40,000 Filipinos nationwide.
ATFX has joined the campaign by making its platform available to new investors seeking a reputable online trading platform. Additionally, SmarTrade and ATFX engage on a number of nation-building initiatives targeted at assisting Filipino communities. These projects include programs for disaster assistance and environmental protection.
ATFX is a regulated and licensed fintech broker with the Financial Services Commission (FSC) in Mauritius and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. The business has earlier used technology such as an automatic face recognition authentication system for fresh customer accounts and an electronic file signing system designed to reduce its carbon emissions.
ATFX provides customer service in over 15 languages and provides over 300 marketable financial assets, such as currency pairings, commodities, energy, indices, stocks CFDs, and ETF CFDs. ATFX is governed by the Financial Conduct Authority (FCA) of the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC).