FDCTech Inc (FDCT)

[oldstocks]

FDCTech wants to be like eToro
https://www.etoro.com/
eToro (Europe) Ltd., authorised and regulated by the Cyprus Securities Exchange Commission
eToro (UK) Ltd, authorised and regulated by Financial Conduct Authority
eToro AUS Capital Limited is authorised by the Australian Securities and Investments Commission
eToro (Seychelles) Ltd. is licenced by the Financial Services Authority Seychelles
eToro USA Securities Inc., member of FINRA and SIPC.
eToro is one of the world’s leading social investment networks and aims to revolutionise the way people invest, and enhance investors’ financial education


What has been FDCTech been working on to get there like eToro?
FDCTech CFO Imran Firoz

Other youtube: https://www.youtube.com/channel/UC39n6S0N1TXIOHyQaTA4IkA
https://fdctech.com/
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The Company is headquartered in Irvine, California. The Company has an office in Cyprus.
The company had an office in Russia. With Russia’s invasion of Ukraine. By the end of August 2022, the Company closed its technical support and development office in Russia, relocated personnel to Turkey.
FDCTech specializes in buying and integrating small to mid-size legacy financial services companies. The Company develops and delivers a full suite of technology infrastructure solutions to FX, Crypto, Wealth Management, and other future-proof financial sectors. FDCTech is building a diversified global financial services company driven by proprietary Condor trading infrastructure, complementary regulatory licenses, and a proven executive team. The Company was incorporated on January 21, 2016, as Forex Development Corporation, under Delaware laws. On February 27, 2018, the Company changed its name to FDCTech, Inc.
FDCTech Simplified and Gamified Condor Stocks & ETFs App for Stocks, ETFs, and other high-growth financial securities
The Company expects to build the next-generation trading technology, multi-jurisdiction market access, transparent revenue model, and disclosures of any conflicts1 between end-users ("Investors"), the Company, and its liquidity provider. As a result, the Company expects to deliver a cost-effective and seamless experience, distinct from existing offerings.
Highlights of the Condor Stocks and ETFs platform:
Server Side & Back Office Enhancements to Support up to 12,000 symbols with enhanced symbol management and symbol icon display.
End-user creation of watch lists for up to 100 trading symbols at a time.
Advanced trading features such as social and copy trading, and much more.


FDCTech Integrates Binance Cryptocurrency Liquidity to its Multi-asset Proprietary Trading Platform
brokerage firms can access and stream pricing from Binance exchange into Condor Multi-asset Trading Platform. Brokerage firms can now use a single account to trade cryptocurrencies using Binance's liquidity and forex, equities, and other financial assets through other liquidity providers. Further, Brokerage firms can offer leveraged trading on Binance's trading products and adjust markup on bid/ask spread to suit their revenue model. Brokerage firms will be able to set risk parameters to manage trading and counterparty risks. The integration also allows Brokerage firms to offer token and coin offerings in the jurisdiction where such offering complies with regulatory requirements.

FDCTech Completed Acquisition of AD Advisory Services Pty Ltd.
Digital wealth management company with annualized revenue of $5.91 million and well-positioned for rapid growth through FDCTech's software development capabilities combined with ADS' proven executive team and client-centric financial advisors.
$540 million funds under management (FUM) through approximately 28 licensed advisers with 20 offices across Australia.
Access to the Australian Financial Services License (AFSL) enables the Company to provide a wide variety of financial services, including but not limited to financial product advice for various asset classes and deal in financial products with retail and wholesale clients.
Access to the Australian wealth management market, the fourth-largest in the world valued at over $2.1 trillion, and other Association of Southeast Asian Nations (ASEAN), a group of ten nations with favorable trade and regulatory relationships with Australia.

FDCTech, Inc. acquired 80% equity interest in CIM Securities, LLC a FINRA and SIPC member firm.
https://www.cimsecurities.com/


FDCTech, Inc. Appoints Gope Kundnani to the Board
Mr. Kundnani is considered independent under NYSE and NASDAQ listing standards. Mr. Kundnani is a seasoned entrepreneur with several decades of experience building successful businesses in the United States, the Middle East, and the United Kingdom.

Mr. Kundnani was the founder and current Director of Alchemy Prime Markets, a financial brokerage services company regulated by the Financial Conduct Authority (FCA). From December 2018 to the present, Mr. Kundnani founded and is the Director of Blackthorn Finance Limited, an authorized payments financial services company regulated by the FCA. From May 2004 to April 2008, Mr. Kundnani was the Director of Tristar Group, responsible for investing and acquiring small retail businesses in the Texas region.

FDCTech, Inc. and Alchemy Prime Limited agreed to acquire NSFX Limited for approximately $1.35 million on December 31, 2022. FDCTech, Inc. will hold 50.1% stake and Alchemy Prime Limited will hold 49.9% stake in NSFX post the completion of the transaction. FDCT is responsible for paying the net unrealized profits calculated at the Effective Date, estimated to be approximately $0.35 million and Alchemy will pay a total cash amount of $1 million.
FDCTech received regulatory approval from MFSA's Investment Services Supervision Department in October 2022. On January 6, 2023, FDCTech, Inc. Completed the acquisition of 50.1% in NSFX Limited.
FDCTech acquired a majority controlling position in New Star Capital Trading Ltd. and its subsidiary, strengthening its strategic focus on the online retail brokerage business. https://www.nsfx.com/
REGULATED BROKER: Regulated under the strict standards of the MFSA in Malta, NSFX Ltd. complies with the highest regulatory standards.
NSFX Limited (the "Company") is a limited liability company registered under the Companies Act, Cap. 386 of the Laws of Malta with registration number C 56519. The Malta Financial Services Authority regulates NSFX with a License Number IS/56519. NSFX is authorized to deal on its account as a Category 3 licensed entity by the MFSA, receive and transmit orders on behalf of retail and professional clients, and hold and control clients' money and assets. NSFX trading platform services in the English, French, German, Italian, and Arabic markets, whereby customers can trade in currency, commodity, equity, and cryptocurrency-linked derivatives in real time.
Note: I own shares of FDCT that I purchased in the open market over the years. I am not compensated for this information herein. The information contained here is based on sources which I believe to be reliable but is not guaranteed by me. Not an offer to sell securities, any decision to invest in any such company or financial decisions should not be made based upon the information provided herein. Please conduct your own investigation of the company and pertinent risks. Information was sourced from news releases, company website, 10-Q and 8-k. I do not offer such advice or analysis and I strongly urge you to research your own degree of risks