Exclusive: m-FINANCE Announces Strategic Partnership with Backpack

m-FINANCE, one of the most popular technology providers for the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, contracts for difference (CFDs) and bullion markets, has exclusively revealed to Finance Magnates that it has joined forces with Backpack, a provider of an all-in-one Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term and back-office

Together, the strategic alliance, which will also utilize TradeSmarter’s web trading platform - Wow Trading Platform - will see the launch of a combined platform named mFinTrader. This will allow m-FINANCE to enhance its cryptocurrency and CFDs offering.

mFintrader to Assist Firms Wanting to Start a Crypto Exchange or Brokerage

The white label platform is a turnkey solution that will aid organizations that are looking to start a cryptocurrency exchange or brokerage. This is because the platform will allow brokerages or financial institutions to add CFDs from different markets to their own operations.

This will be achieved with the help of the Wow Trading Platform, a web and mobile-based trading platform that allows brokerages and financial institutions to move into the trading market by integrating its technology. Through the partnership, the company will create a branded WebTrader which can be accessed through the mFinTrader platform.

Brokerages will be able to add the CFD instruments to their operations through the use of widgets, which allow for easy integration. m-FINANCE will act as the face of this service and will, therefore, provide the first line of customer service and support for the branded WebTrader.

Commenting on the partnership, Yoni Avital, the CEO of Backpack said: “we see a strong demand for our marginal CFD cryptocurrency trading platform in the Asian markets both from existing brokers and newly crypto exchanges, our platform could be integrate in seconds both as a single sign on or as embedded script in any web-page or mobile browser. m-FINANCE’s dominance in these markets can deliver very successful complete technology solution and support.”

Speaking on the strategic alliance, Stephen Lam, Managing Director of m-FINANCE added: “we are excited about the launching of mFinTrader which combines the strength of m-FINANCE and Backpack in trading technology and crypto spaces. Our solution demonstrates how brokers can get into crypto market with minimal time and investment.”