The Hong Kong subsidiary of Magic Compass Group, is a Hong Kong Securities and Futures Fee (SFC) licensed company and a member of Hong Kong Exchanges and Clearing Restricted (HKEX). Furthermore, Magic Compass Group additionally holds a number of licenses masking securities, futures, foreign exchange, digital forex alternate and pockets providers, and TCSP throughout a number of areas. Its enterprise capabilities span throughout Europe, Asia-Pacific, Southeast Asia, Africa, with workplaces in Singapore, Hong Kong, Cyprus, Mauritius, Lithuania and Seychelles, boasting a world monetary licensing system.
Singapore, twenty first Might 2024 – On Might nineteenth to Might twentieth native time, Magic Compass Group (hereinafter known as Magic Compass) was invited to showcase on the 2024 Dubai Foreign exchange Merchants Summit. The occasion came about on the predominant exhibition space of the Foreign exchange Merchants Summit, the place the summit’s predominant discussion board additionally invited Magic Compass to fulfill with international companions and customers, aiming to debate and discover new developments and alternatives within the monetary trade by way of collaboration with trade companions.
The Hong Kong subsidiary of Magic Compass Group, is a Hong Kong Securities and Futures Fee (SFC) licensed company and a member of Hong Kong Exchanges and Clearing Restricted (HKEX). Furthermore, Magic Compass Group additionally holds a number of licenses masking securities, futures, foreign exchange, digital forex alternate and pockets providers, and TCSP throughout a number of areas. Its enterprise capabilities span throughout Europe, Asia-Pacific, Southeast Asia, Africa, with workplaces in Singapore, Hong Kong, Cyprus, Mauritius, Lithuania and Seychelles, boasting a world monetary licensing system.
Integrating complete consumer situations with international licenses
It’s reported that Magic Compass Group’s subsidiary at present holds licenses together with Hong Kong SFC licenses 1,2,3,4,5 and 9, Hong Kong TCSP license, full licenses in Cyprus and Seychelles, Lithuania’s digital forex alternate and pockets providers license, Mauritius funding vendor license and extra. “We aim to create a safe and integrated product experience for users, in the hope that our users don’t have to operate multiple accounts when they want to use different products. Our global licensing system can provide users with an all-in-one financial service platform,” shared by Alex Zhou, Head of Advertising of Magic Compass Group, throughout the principle discussion board of the occasion.
On the exhibition, Magic Compass workers showcased their buying and selling interface, real-time quote, consumer flows, and different value-added providers to customers. In keeping with their workers, Magic Compass can present providers for each retail and institutional purchasers. For retail purchasers, customers can select between commonplace accounts and ECN accounts; As for institutional purchasers, providers similar to white labels and CRM options are additionally out there. Presently, along with providing over 200 prime buying and selling devices, Magic Compass also can present custom-made providers primarily based on consumer wants.
Creating proprietary merchandise to enhance the expertise of providers
Regardless of the huge market alternatives, trade challenges similar to buying and selling prices and danger management compliance persist. In response to the above points, Alex Zhou said, “Differing from traditional trading service providers, Magic Compass invests heavily in R&D to develop its own product capabilities matrix, including trading systems, CRM systems, risk control systems, payments, smart contract wallets and more. The goal is to provide users with a seamless trading experience from the user’s perspective.”
Along with the mainstream buying and selling platform like MT5, Magic Compass additionally provides its proprietary buying and selling system Cats and MC Cost as by-product service to fulfill extra diversified want by customers. This permits customers to finish the whole course of from account opening, KYC, buying and selling, fund deposits and withdrawals beneath one account system, catering to totally different customers’ preferences for numerous bridges and buying and selling programs. Moreover, Magic Compass revealed that its Hong Kong TCSP enterprise is quickly advancing, aiming to supply wealth administration service primarily based on the calls for of high-net-worth purchasers, along with securities, futures, foreign exchange, and different companies.
On the finish of the occasion, Magic Compass gained the award of The Finest FX Liquidity Supplier.
Media Contact
Group: Magic Compass Ptd Ltd
Contact Individual: Jared
Web site: https://mcgrp.com/en
Electronic mail: jared.yu@mcgrp.com
Contact Quantity: +6592307617
Deal with: 8 Temasek Boulevard,Suntec Tower 3
Nation: Singapore
Launch Id: 21052412378
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