AXI Launches “Most Advanced Forex Managed Accounts Services Platform”

Retail FX and CFD broker AXI has re-launched its platform for MAM and PAMM accounts.

The launch of what they believe to be “the industry’s most advanced Forex Managed Accounts Services platform” was dDesigned and engineered in collaboration with Singapore based specialist FYNXT.

The cloud-based platform is meant to reset the benchmark in business-critical areas of speed, precision, transparency, flexibility, and user experience.

Louis Cooper, Chief Commercial Officer at AXI, commented: “We’ve long understood the limitations of traditional MAM and PAMM offerings out there; as the industry evolved to address the money and fund management sector, technology enhancements have been only piecemeal, incremental and so too, the business benefits.”

“Technological superiority here meant a fundamental re-think – a deep dive, ‘what’s-possible’ analysis, specifically and consultatively, through the prism of the fund management industry. A seriously in-depth understanding of the peculiarities and nuances within the ‘managed’ sector was key for me; once we had nailed this, killer technology from our friends at FYNXT in Singapore would be the enabler for us to continue offering our clients the trading edge.”

Aeby Samuel, Chief Executive Officer at FYNXT, said: “Anything we can do to help our clients better serve their clients is what drives us. We are immensely proud of our latest Social Fund Management offering and if preliminary feedback from our early clients is any guide, we look forward with a high degree of confidence and excitement.”

FYNXT, previously known as Simple2Trade, is a Singapore-based fintech that specializes in empowering Forex, CFD, and Multi-asset brokerages, Remittance Providers, Banks and other Financial Services firms globally.

AXI has long been operating within the trading industry as an FX and CFD broker, catering to thousands of users across the globe in more than 100 countries.

The new platform for MAM and PAMM accounts has enhanced administration and automation with pre-built templates and selectable fee structures, and agreements.

Fee management is highly flexible to ensure that fees are precisely aligned with the customer’s needs. These can be based on performance, management, subscription, upfront, penalty or a combination.

The platform features transparency of accounting entries and associated reporting, including auto calculation and settlement of fees.

Last but not least is the precision in asset allocation: the platform removes the dependency of MT4/5 accounts for the Investors and protects the Fund Managers strategy being copied illegally by the investors.