Abstract:The new solution also eases KYC checks and deposit process. It was developed to meet brokers' demand for an easier onboarding process for traders.
Forex technology provider Spotware Systems on Monday announced the release of Broker OAuth, a new solution it says will revolutionize the mobile trading experience of users.
Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.
The solution makes it possible for traders to “authenticate using their brokers Client Area credentials and perform all actions such as know-your-customer checks and deposits without leaving the trading platform.”
Traders can now use one set of credentials for their trading activities, Tarek Abdullah, Business Development Manager at Spotware Systems, pointed out in a statement.
Aris Christoforou, Head of Marketing at SpotwareSystems, told Finance Magnates that Broker OAuth was developed in response to brokers' demand for an easier onboarding process for traders.
He explained, The onboarding process is one of the most difficult parts of the traders journey and one of the main pains of every broker.
Traders have to visit a brokers website, create a set of credentials, select a trading platform, create another set of credentials and constantly switch back and forth between the platform and the client area for simple operations like deposits and withdrawals.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Interactive Brokers has expanded trading hours for US Treasury bonds, now allowing trading for 22 hours daily.
Proprietary trading firms, commonly known as prop firms, have been gaining attention in the forex and cryptocurrency industry. These firms recruit traders to trade with their capital, offering potentially lucrative opportunities. However, the question arises: Are prop firms truly worth the hype?
CFI Financial Group integrates with TradingView, offering clients access to 4,000 trading instruments and a community of 50M+ traders, along with advanced charting tools for an improved trading journey.
A major event is coming! The "WikiFX Global Supervisors Gathering" event has officially launched, and participants will have the chance to win USDT rewards!