Expanding their list of available services to their broker and white label customers, forex technology provider Leverate, has partnered with CWM FX, a new Cypriot broker. The broker promotes itself as “operated by Leverate Financial Services Limited” and uses their CySEC regulation for onboarding customers, as well as Leverate’s Sirix trading technology.
Becoming aware of CWM FX and its apparent connection to Leverate, Forex Magnates reached out to the technology provider for more information. The firm affirmed that they had partnered with CWM FX, and that it wasn’t a clone site using another broker’s credentials, which has become prevalent recently in the industry.
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As CWM FX hasn’t been publicly marketed by Leverate, at this time they were unable to provide detailed information about the partnership, other than that the broker will be providing their clients addition services related to “licensing, compliance, payment processing and risk management in addition to our platforms.” In this regard, we can infer that CWM FX may ultimately be providing onboarding services for unregulated brokers with KYC and risk handled under Leverate’s license.