FXCM partners with AU10TIX and boosts KYC efficiency by 29%, enhancing user security and onboarding experience.

FXCM

FXCM forex broker has partnered with identity verification specialist AU10TIX to fortify its Know-Your-Customer (KYC) procedures. The collaboration has resulted in a remarkable 29% surge in ID document approval rates, significantly enhancing the platform's user security.

Before integrating AU10TIX's cutting-edge technology, FXCM forex broker grappled with manual KYC verification processes, leading to prolonged onboarding times and reduced conversion rates.

With AU10TIX's Identity Verification Suite and biometric solutions, this zero-commissioned broker has automated verification and fraud detection processes, slashing onboarding times from hours to seconds.

Teodora Mladenova, FXCM's KYC Product Manager, lauded the partnership, emphasizing its role in improving customer conversion rates and security measures. The swift onboarding process, now completed in seconds, has not only decreased abandonment rates but also expanded revenue opportunities for this fast-execution broker.

This collaboration underscores this low-spread broker's commitment to providing a seamless and secure trading experience for its users.

The successful partnership with AU10TIX reflects the dedication to innovation and customer-centric solutions. As this multi-asset broker continues to prioritize user security and experience, its collaboration with AU10TIX sets a new standard for streamlined and secure onboarding processes in the online trading industry.

In recent forex broker news, it has been reported that FXCM announced the appointment of Maryke Faulkner as Group CFO and Bobby Nachev as Vice President to contribute to its new sister trading platform, Tradu.