Financial technology provider MahiFX is now authorised to provide regulated products and services by the UK Financial Conduct Authority (FCA).
The firm is already authorised and regulated by both the Australian Securities and Investment Commission and the New Zealand Financial Markets Authority.
Compliance and finance manager, Nicole Vivian, says: “MahiFX is proud to be regulated in the UK, Australia and New Zealand. As a regulated entity, MahiFX is required to meet strict financial standards, including capital adequacy requirements. On a regular basis, MahiFX is required to submit financial reports to regulators and must meet the highest standards of corporate governance, financial reporting and disclosure.”
Founded in 2010, MahiFX is a provider of foreign exchange technology products, enabling spot e-FX businesses to reduce costs, manage risk, and analyse their operations in fine detail. It forms a partnership with each client to ensure maximum results, and takes no payments from clients until they begin to profit from its services. MahiFX also offers its popular proprietary trading platform, MFX Trade, to retail clients.
David Cooney, CEO of MahiFX, says: “We are providing services to a range of FCA regulated brokers, and as a technology provider we thought it was important to as a business that prioritises integrity, honesty and security. We hope that our new membership demonstrates this to both present and future clients.”