5 November 2024, Tue |
12:29 PM
QFIL Solutions, a UAE FinTech start-up, has won the IFX EXPO International – Ultimate Fintech Awards, 2022, which was recently held in Limassol, Cyprus, and was attended by top-level international fintech executives.
QFIL Solutions won the top prize for its product MAGUS AI, an AI-driven trading solution that assists investors in their trading by providing real-time high-accuracy market readings that aid in risk management and profit maximization.
Elated at winning the award, Hani AlAita, Co-Founder & Managing Director, QFIL Solutions commented “We are thrilled that QFIL Solutions’ cutting-edge MAGUS AI, has been recognised by the Forex Industry as the best among other prominent worldwide Fintech AI Solutions at the Ultimate Fintech Awards held during the IFX Expo – the world’s largest traders’ expo,”
Unlike any other product on the market, MAGUS AI uses artificial intelligence to save traders time and money spent reviewing news, performing technical analysis, or using technical indicators and tools to generate a self-conclusion. Magus AI was created to handle all of this for a trader.
MAGUS AI has been used by over 5,000 traders in over 20 countries since its soft launch in March 2022.
“An accurate real-time reading of the market is critical for trading success and being a step ahead allows traders to have this edge. AI technology is recognized as a key driver for trading platform’s growth in the years to come, with over six years of machine learning that keeps on learning, delivering +80% accuracy our MAGUS AI technology has already started to change the game for traders to another level.”
He added: “Our vision at QFIL is to become the AI driven trading solutions of choice for Millennials and GenZ traders as we empower them throughout our solutions to risk less and gain more.”
Indeed, research has shown that AI is becoming a primary driver of trading platform adoption, transforming the platforms’ future.
QFIL plans to launch additional disruptive trading products in the near future to assist Millennials and Generation Z in becoming better traders than they are today.
