EXINITI launches technology solutions for FX and CFD brokers

Rick Steves

EXINITI was founded at the end of 2020 by Mohamed Rashad, most recently Head of IT at FXGate.

EXINITI is the latest financial technology provider to enter the FX industry with an FX and CFD offering for brokerages, according to its press release.

Headquartered in the UAE, the firm caters to both start-ups and established businesses that need to streamline solutions to run more effectively.

Its core offering includes a CRM package, back-office support systems, client/IB portal solutions, MT5/4 white label solutions, and support with customizable website integration and development.

Its fully customizable CRM has built-in Business intelligence and reporting tools that enable firms to manage their brokerage from any device. The CRM software provides workflow automation with custom rules as well as sales force automation.

The bespoke package includes additional assistance, such as web development for a strong online presence as well as hosting via dedicated servers to minimize the risk of downtime. The fintech firm also provides integration with the most popular payment methods and other popular third parties.

Mohamed Rashad, CEO and founder of EXINITI, said: “EXINITI was founded because there was a gap in the market in terms of technology related advancements and support for financial services. EXINITI provides everything a Forex and CFD brokerage requires to get set up correctly from day one. We have also perfected the solutions needed to run a brokerages day-to-day operations smoothly and in the most efficient and scalable way possible.”

EXINITI was founded at the end of 2020 by Mohamed Rashad, most recently Head of IT at FXGate, based in Dubai. His career spans 11 years in Information Systems management and includes roles at leading trading firms such as Multibank Group (CTO), Equiti Group (regional head of IT), AxiTrader ME (Head of IT), and Alpari ME (Head of IT).

Read this next

Digital Assets

Ripple’s string of wins analyzed, XRP lawsuit to drag on until Spring 2022

“Absent a settlement, this case will not be decided until March 2022 at the earliest and possibly not even until late spring if the court decides not to rule on some of the pending motions until after the discovery deadline, which looks really possible”.

Industry News

Stripe partners with BNPL giant Klarna

Stripe, one of the largest payment providers in the world, has announced the launch of a partnership with the BNPL giant Klarna which might prove to be a game-changer as far as the buy-now-pay-later industry is concerned.

Retail FX

ADSS’ UK business reports £3.09 million in 2020 revenues, down 38%YoY

ADSS’ FCA-regulated entity reported its financial results for the year ending December 31, 2020. The company posted a revenue figure that was 38 percent lower than the amount it earned in the fiscal year of 2019.

Retail FX

OANDA hires FX Global Code contributor Lisa Shemie as General Counsel

Lisa Shemie was Chief Legal Officer at Cboe and was part of several working groups under the Global Foreign Exchange Committee, which is responsible for the FX Global Code.

Digital Assets

Saxo Bank boosts Crypto FX offering after $2.5b in turnover since May

Saxo increased maximum position limits and several new crypto instruments, including the first ever US Crypto ETF issued by Proshares last week under ticker BITO.

Digital Assets

Tether tests Notabene for AML in cross border transactions

The Financial Action Task Force (FATF) has issued guidelines holding VASPs to the same standards as regulated financial institutions.

Digital Assets

Mobilum upgrades OTC crypto desk for trades above $50,000

Mobilum added a wide variety of crypto assets, fast settlements, no deposit or withdrawal fees, competitive trading fees, and a personalized service with human traders.

Digital Assets

Trakx launches digital asset trading platform in France

Crypto Traded Indices (CTIs) enhance portfolio diversification and reduce the complexity and fees associated with the setting and reach of positions on many digital and cryptocurrency assets.

Digital Assets

China adds crypto mining to “phased-out” industries, a ban revision or the final nail?

China’s National Development and Reform Commission (NDRC) announced on October 21 that it is seeking public feedback on its proposal to include bitcoin mining on a list of “phased-out” industries. 

<