RaiseFX taps iDenfy for faster onboarding of retail FX traders

Rick Steves

“Our commitment is to create an environment where our clients can thrive. By ensuring customer satisfaction, robust security, and the best trading conditions, we are setting new standards in the industry.”

South Africa-based CFD brokerage firm RaiseFX has partnered with iDenfy, the Lithuania-based RegTech company specializing in comprehensive ID verification services.

By tapping iDenfy’s ID verification platform, RaiseFX will be able to ensure faster client onboarding to its trading and investment platforms while ensuring regulatory compliance.

RaiseFX offers FX/CFD trading via MetaTrader 5

RaiseFX offers access to markets via CFD products, which are derivatives allowing speculation on price movements of underlying assets without ownership, through the renowned MetaTrader 5 platform.

Recognizing the escalating threats of cyber-attacks and the importance of data security, particularly in light of rising phishing incidents and growing cybersecurity concerns among small and medium-sized enterprises, RaiseFX has prioritized enhancing its cybersecurity measures.

The partnership with iDenfy focuses on integrating identity verification and Anti-Money Laundering (AML) screening to ensure a secure, compliant trading environment.

The team-up marks the beginning of a long-term commitment to innovation and growth, with both firms dedicated to leveraging new technologies to enhance the online CFD trading experience.

“Enhancing the security and efficiency of our platform”

David Bottin, CEO of RaiseFX, commented: “Our commitment is to create an environment where our clients can thrive. By ensuring customer satisfaction, robust security, and the best trading conditions, we are setting new standards in the industry. Our collaboration with iDenfy is a strategic move towards enhancing the security and efficiency of our platform. Together, we aim to set new standards in the realm of financial technology.”

Domantas Ciulde, the CEO of iDenfy, added: “Teaming up with RaiseFX is an opportunity to empower a business that takes confident steps towards success. Our solution plays a crucial role in verifying and preventing fraud, ensuring the seamless execution of global solutions. We are committed to enhancing efficiency and compliance for RaiseFX’s innovative platform.”

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