WikiFX, a new company developing financial apps, has launched its new international platform for choosing forex brokers.
The WikiFX international platform went live in Shanghai last week. The platform aims to provide users with key information about brokers, including credit reports, compliance and safeguards, risk evaluation and other details.
As well as helping traders weed out fraudulent brokers and choose the best provider for their needs, WikiFX is designed to serve as a platform for helping legitimate brokers expand their market share.
The platform covers a wide range of broker ratings directly from regulators, local governments and overseas markets. It has so far graded more than 5,000 foreign exchange brokers from 100 nations, and gathered the qualifications of nearly 80% of brokers at the international level.
Users can set up private accounts with their preferred transactions, search for credit assessments of brokers through the platform, and receive a quantitative assessment of the regulations of each broker. The platform is available on Google Play and the Apple App Store.
To coincide with the launch, WikiFX held a forex industry summit in Shanghai. At the event, forex industry attendees discussed the value of financial data and an international forex development strategy.
This will be followed by the WikiFX Sydney Summit 2019 in Australia on March 1, which is open to forex investors worldwide.