Exclusive: Forex Technology Provider EXINITI Announces Its Official Launch

EXINITI announced on Thursday that it had entered 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 and CFD industry as a financial technology provider for brokers. According to an announcement shared exclusively with Finance Magnates, the company is headquartered in the United Arab Emirates, offering solutions for the technology and support targeting Forex and CFD brokerages on a global scale.

The core offerings of EXINITI include an online and scalable CRM package, back-office support systems, client/IB portal solutions, MT5/4 white label solutions and support with customizable website integration and development. Furthermore, the company offers web development and support for integrating payment solution providers, including the ones from third parties.

“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 brokerage’s day-to-day operations smoothly and in the most efficient and scalable way possible,” Mohamed Rashad, CEO and Founder of EXINITI, commented on the launch.

The company was founded at the end of 2020 in the midst of the Coronavirus Coronavirus The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, The outbreak of Covid-19 or Coronavirus in early 2020 has since redefined the financial services industry. Brokers have been forced to quickly adapt to several changes, both positive and negative.This includes the FX industry, which saw surges in volumes across the retail and institutional space in Q1 2020. This trend can be explained by an outflow of volatility, coupled with countries taking major moves to stabilize their respective economies.In conjunction with uncertainty caused by the virus, Read this Term pandemic, but that did not stop its plans to establish its presence by offering CRM solutions headquartered from the MENA region. “Since its inception, EXINITI has facilitated a comprehensive suite of ground-breaking technology solutions that brokers can draw upon. In addition to this, brokers can take advantage of collective expertise and resources from industry veterans in order to integrate innovative solutions that address the challenges of running a financial institution,” the company noted.

CEO Profile

Rashad, CEO of EXINITI, has been active in the financial industry in the last few years. He worked for companies like FXGate as Head of Information Technology and MultiBank Group as Chief Technology Officer. Moreover, he served as Regional Head of IT for the UAE-based firm, Equiti.com.