Forex Institutional News

ATFX Leverages Blockchain For Its New Trusted Verification System

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Written By: Abdullah Sarwar
Reviewed By: Mohamed Yonis
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  • ATFX has developed a blockchain-based verification system to enhance trust in its transactions. Recently it also won the Best Broker in Asia award.

ATFX has developed a blockchain-based verification system to enhance trust in its transactions. This system allows clients to confirm the registration and authorization status of an introducing broker (IB) with the firm. It also permits IBs to verify referred account status. The use of blockchain technology guarantees an immutable record, ensuring transparency for clients. This innovative technology adoption is ATFX’s way of staying ahead of the competition and embracing progress.

ATFX Is Growing Globally

ATFX is a highly regarded FX and CFD brokerage firm with a global presence, providing support in over 15 languages and access to over 300 tradable financial assets. The company is regulated by renowned regulatory bodies, including the Financial Conduct Authority in the UK and the Cyprus Securities and Exchange Commission in Cyprus.

ATFX is dedicated to implementing innovative technologies, such as a blockchain-based verification system, facial recognition software for account verification, and electronic document signing to reduce its carbon footprint. These efforts demonstrate the company’s commitment to staying ahead of the curve and providing top-notch services to its clients.

The Traders Fair event, organized by FINEXPO, was held in Ho Chi Minh City, Vietnam on December 10, 2022, where ATFX was a participant. The company won the award for “Best CFDs Broker in Asia 2022.”

The fintech-based broker has recently hired Khaldoun Sharaiha as Head of Operations in the Middle East and North Africa, and expanded its presence in Asia while focusing on localization. ATFX has also increased its trading volumes significantly in the early part of 2022, and has been expanding its product offering and growing its institutional brand, ATFX Connect.

ATFX Footrpints in the Far East

ATFX is also engaged in several initiatives aimed at helping Filipino communities, including disaster relief programs and environmental conservation efforts. In January 2023, ATFX partnered with SmarTrade, a financial consulting firm, to bring free financial education to more Filipino citizens. SmarTrade offers free learning sessions, one-on-one coaching, and consulting on online trading at all knowledge levels. These events have already reached over 40,000 Filipinos across the country.

Therefore, ATFX’s new blockchain verification technology is a step forward in providing a trusted trading environment for clients. The company’s focus on innovation and its commitment to helping the communities in which it operates is a testament to its commitment to providing excellent customer service and promoting financial literacy. ATFX’s recent expansion and aggressive hiring strategy indicate that it is poised for even greater success in the future.

This post was last modified on May 15, 2024, 06:56 BST 06:56

Written By: Abdullah Sarwar
Reviewed By: Mohamed Yonis

Abdullah Sarwar is a blockchain analyst and a cryptocurrency investor with more than 5 years of experience. He specializes in providing crypto price projections based on their fundamentals and price charts. He is also a successful day trader. He graduated in 2015 with a degree in electronic engineering. In his free time, he loves listening to electronic music and playing with trading bots.

Published by
Written By: Abdullah Sarwar
Reviewed By: Mohamed Yonis