Spotware Introduces Broker OAuth to Simplify User Authentication

Forex technology provider Spotware Systems on Monday announced the release of Broker OAuth, a new solution it says will revolutionize the mobile trading experience of users.

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The solution makes it possible for traders to “authenticate using their brokers Client Area credentials and perform all actions such as know-your-customer checks and deposits without leaving the trading platform.”

Traders can now use one set of credentials for their trading activities, Tarek Abdullah, Business Development Manager at Spotware Systems, pointed out in a statement.

Aris Christoforou, Head of Marketing at SpotwareSystems, told Finance Magnates that Broker OAuth was developed in response to brokers' demand for an easier onboarding process for traders.

He explained, The onboarding process is one of the most difficult parts of the traders journey and one of the main pains of every broker.

Traders have to visit a brokers website, create a set of credentials, select a trading platform, create another set of credentials and constantly switch back and forth between the platform and the client area for simple operations like deposits and withdrawals.