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Further, the Company will not offer its shares for sale through underwriters, dealers, agents or anyone who may receive compensation in the form of underwriting discounts, concessions or commissions from the Company and/or the purchasers of the shares for whom they may act as agents. The shares of common stock sold by trader the Company may be occasionally sold in one or more transactions; all shares sold under this prospectus will be sold at a fixed price of $0.15 per share. The Company is making its offering of 3,000,000 shares of common stock on a best-efforts basis and there is no minimum amount of proceeds the Company may receive.
These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit. On October 3, 2017, the Company has issued 333,333 shares for a cash amount of $50,000 under its offering Memorandum. On March 15, 2017, the Company issued 1,500,000 restricted common shares for services rendered valued at $75,000 to three consultants. Other recent accounting pronouncements issued by the FASB and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements. The Company is paid a monthly software development fee for the term of the Agreement.
Because of our technology solutions, customers can enhance their trading revenues and reduce operating costs. In July 2016, Financial Commission, a leading financial services industry external dispute resolution organization, with a diverse membership of online brokerages and independent services providers provided the technology certification for the Company. Financial Commission conducted its rigorous review of Company’s platforms, including its Condor Risk Management Back Office for MT4, to ensure it met forex back office software the technical information requirements of the Commission’s technology certification evaluation process. The Financial Commission established a comprehensive list of requirements to verify system security, capacity, business disaster recovery, and continuity plan, as well as reporting and record keeping, among other fields deemed necessary for the technology certification of the Company. The Company’s shares may be sold to purchasers from time to time directly by and subject to the discretion of the Company.
With our world class back office systems, we provide comprehensive and individualised reporting, position and cash management portal access. Using our full suite of FX products and market experience, Velocity Trade can implement client’s bespoke active and passive FX strategies. This includes clients looking to hedge their FX exposure as part of a wider strategy, protecting committed cash flows or asset classes in foreign currency, and executing large corporate transactions. Customer satisfaction is more important than price and product according to a Walker Consulting report.
The financial statements included in this prospectus and in the registration statement have been audited by Farber Hass Hurley, and are included in reliance upon such report given upon the authority of said firm as experts in auditing and accounting. We have not implemented a formal policy most popular crypto exchange or procedure by which our stockholders can communicate directly with our board of directors. Nevertheless, every effort will be made to ensure that the views of stockholders are heard by the board of directors, and that appropriate responses are provided to stockholders in a timely manner.
The Company does not provide any concessions and extensions to make the revenues uncollectible. We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board . Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. The Company has determined that it is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting.
Fdctech Officially Integrates Condor Fx Pro 5 0 With Onezero’s Liquidity Hub
On November 17, 2016, the Company issued and promised to pay a convertible note to FRH Group for the principal sum of Two Hundred and Fifty Thousand and 00/100 Dollars ($250,000.00) on November 30, 2018 (the “Maturity forex Date”). On May 16, 2016, the Company issued and promised to pay a convertible note to FRH Group for the principal sum of Four Hundred Thousand and 00/100 Dollars ($400,000.00) on May 31, 2018 (the “Maturity Date”).
The results of operations for past accounting periods are not necessarily indicative of the results to be expected for any future accounting period. The data set forth below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” our financial statements and the related notes included in this prospectus. We are an “emerging growth company” within the meaning of the federal securities laws. We intend to take advantage of these reporting exemptions until we are no longer an emerging growth company. We have not authorized anyone to provide you with information different from the information contained in this prospectus.
Beijing Kingsoft Office Software In Company Profile
Mr. Eaglstein has an extensive executive level experience in management of FX brokerage and FinTech software companies. Further, Mr. Eaglstein has participated in several panel discussions as a distinguished industry expert in various forex related conferences and tradeshows.
Automated trading platform that gives you the tools to create, backtest, and optimize algo trading strategies, and monitor live trades. Complete solution for Traders, Brokerages & Liquidity Providers that provides you the tools to analyze the markets. Software for professional traders to manage multiple accounts while viewing every aspect of multiple currencies. Hedge fund tool that helps traders enhance liquidity across investments and minimize information leakage as well as its market impact. SaaS-based investment management solution that helps financial institutions manage custom trading, liquidity deployment and more.
As of September 30, 2017, there were 68,130,000 shares of our common stock issued and outstanding that were held by 26 stockholders of record, and 4,000,000 shares of preferred stock issued and outstanding held by 3 stockholders. Following the effective date of the registration statement in which this prospectus is included, we will be required to file periodic reports with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934 and the rules and regulations thereunder. To comply with such requirements, our independent registered auditors will have to review our financial statements on a quarterly basis and audit our financial statements on an annual basis. Moreover, our legal counsel will have to review and assist in the preparation of such reports. Although we believe that the approximately $15,000 we have estimated for these costs should be sufficient for the 12-month period following the completion of our offering, the costs charged by these professionals for such services may vary significantly. Factors such as the number and type of transactions that we engage in and the complexity of our reports cannot accurately be determined now and may have a major negative affect on the cost and amount of time to be spent by our auditors and attorneys.
- We are significantly influenced by our officers, directors and entities affiliated with them.
- Before you invest you should carefully consider the risks and uncertainties described below and the other information in this prospectus.
- ● Consulting Services, which includes turnkey business solutions – Start-Your-Own-Brokerage (“SYOB”), Start-Your-Own-Prime Brokerage (“SYOPB”), FX/OTC liquidity solutions and lead generations.
- We cannot assure you that our proposed operations will result in sufficient revenues to enable profitable operations or to generate positive cash flow.
- Accordingly, the Company records the difference between cash rent payments and the recognition of rent expenses as a lease incentive liability in the consolidated balance sheets.
From December 2011 to May 2015, Mr. Firoz acted as the CEO, and Director of ABT Holdings, Inc. aka Scoobeez Global, Inc. (“ABT”). From May 2015 to March 2017, Mr. Firoz worked as the CFO and Director of the ABT, where he was instrumental in acquisition, development, and growth of Scoobeez, Inc., an on-demand messenger, delivery, and courier company.
Those matters could include the election of directors, changes in the size and composition of the board of directors, and mergers and other business combinations involving FDC. In addition, the concentration of voting power in the hands of Mr. Eaglstein could have the effect of delaying or preventing a change in control of FDC, even if the change in control would benefit our stockholders, and may adversely affect the market price of our common stock.
Prolitusx
From May 2011 to February 2014, Mr. Platt served as the Director of Risk Management and Operations Research at Boston Technologies. His major accomplishments include developing advanced procedures to eliminate trade risk, streamlining accounting operations, revamping client reporting, integrating new revenue streams, and providing comprehensive analytics.
From January 2007 to Feb 2009, Mr. Eaglstein was the Co-Founder and Chief Operating Officer of Traders Development COO Traders Development, LLC a financial software company, based in Irvine, California. Early in his career Mr. Eaglstein co-founded Campus Universe an online consignment shop for students to buy and sell textbooks from each other via a fully automated e-commerce website which won the Golden Web Award. We face direct competition from retail platform providers such as MetaQuotes, cTrader, SIRIX Trader, xStation, FXTM, ActTrader, Fortex, AvaTrade, Plus500, and several others.
Consulting Services
The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM’s suite of products. forex Friedberg Direct offers its clients a variety of tools and resources to help them become more educated and sophisticated traders.
Please note the information on this website is primarily intended for retail customers. Accounts are opened with and are held by Friedberg Direct which clears trades through a subsidiary within the FXCM group of companies (collectively, the “FXCM Group”). Customers of Friedberg Direct may, in part, be serviced through subsidiaries within the FXCM Group. The FXCM Group does not own or control any part of Friedberg Direct and is headquartered at 20 Gresham Street, 4th Floor, London EC2V 7JE, United Kingdom.
Looking at the rate the forex trading industry is rising, one thing is certain, this pattern in forex trading is in for very long winnings. As the globe is opening up to trade, and markets are constantly growing across boundaries, forex should play a major role in promoting globalization. Forex industry is estimated https://boombarbershop.com/forex-cryptocurrency-liquidity/ to be the world’s largest rate of business, at $4 trillion / day. We provide certain services like Forex White Label, Company formation, License service under the company name. Metatrader 4 Whitelabel features your business with your branded Trading software.This will provide you branded terminal.
Their solutions for risk management are customized specifically for our needs. This matched with having access to market rates that always beat the bank has kept our relationship ongoing year after year. Some of our competitors offer a complete suite of technology solutions including but http://www.mirvananatureresort.com/cryptocurrency-investing/ not limited to software, solutions, services and trading platforms to institutional and retail brokerage firms in the foreign exchange, & spot metals marketplace. These integrated technology solution providers include companies like Forexware, Shift Forex, Integral, Leverate, and others.
Please note that this includes purchases of computers with eligible software pre-loaded. The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM’s suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada .