FDCTech, Inc.

Company profile

• U.S.-based, fully reporting public company trading on the OTC market under the symbol FDCT.
• Parent holding company with subsidiaries spanning margin brokerage, wealth management, trading technology, and payments.
• Acquisitions to expand global reach: AD Advisory Services Pty Ltd. (2021), Alchemy Markets Ltd. (AML) (2022–2023), Alchemy Prime Limited (APL) (2023), and Alchemy International Ltd. (AIL) (2025).

Core business segments

1. Margin Brokerage

• Purpose: multi-asset trading with leveraged FX, CFDs, and related products.
• Operating entities and jurisdictions:
  • Alchemy Markets Ltd. (AML) – Malta (MFSA-regulated)
  • Alchemy Prime Limited (APL) – United Kingdom (FCA-regulated)
  • Alchemy International Ltd. (AIL) – Seychelles (FSA-regulated)
• Serves retail and institutional clients globally via regulated platforms.
• Competitive focus: platform features, liquidity, regulatory compliance, and trading costs.

2. Wealth Management

• Operating entity: AD Advisory Services Pty Ltd. (ADS) – Australia (ASIC-regulated AFSL).
• Market position: mid-sized licensee and adviser network.
• Scale: 28 financial advisers managing and advising over $530 million in funds under advice (as of December 31, 2024).
• Services: licensing solutions and financial planning for advisers and their clients.

3. Technology and Software Development

• Core technology: Condor Trading Technology suite (Condor Pro Multi-Asset Trading Platform; Condor Risk Management back office; Condor Back Office APIs).
• Activities:
  • Licensing trading and risk systems to brokers, prime brokers, prime-of-prime brokers, and banks.
  • Custom software development and consulting for end-to-end brokerage workflows.
• Internal advantage: proprietary, modular, multi-asset platform designed for regulatory compliance across multiple jurisdictions.

4. Payment Intermediary Services

• Operating entity: Xoala Asia (Mauritius) – Payment Intermediary Services license holder (Mauritius FSC).
• Planned offerings: payment gateway services, merchant acquiring, cross-border remittance, and card processing.
• Strategic aim: accelerate client funding and onboarding, enable cross-border settlements, and improve reconciliation for brokerage and wealth flows.
• Commercial operations planned to scale after onboarding merchants and meeting FSC requirements.

Product and platform strategy

• Condor suite serves as the backbone: multi-asset trading platform with risk management and back-office tooling.
• Plug-and-play offerings for entrepreneurs and new brokerages:
  • Start-Your-Own Brokerage (SYOB)
  • Start-Your-Own Prime Brokerage (SYOPB)
  • FX/OTC liquidity solutions
• Platform goals: reduce upfront capital and implementation risk, shorten time-to-live trading, provide access to institutional liquidity, embed regulatory reporting, and deliver integration and support services.

Regulatory and geographic footprint

• Licensing and regulatory coverage to support cross-border offerings and regulatory umbrella structures:
  • ADS – Australia (ASIC, AFSL)
  • AML – Malta (MFSA, MiFID II/MiFIR framework)
  • APL – United Kingdom (FCA)
  • AIL – Seychelles (FSA)
  • Xoala Asia – Mauritius (FSC, PIS)
• Cross-border considerations include MiFID II adaptations, leverage limits, product intervention measures, best execution, client money protections, and AML/CFT controls.

Recent developments and corporate actions

• Acquisition: Alchemy International Ltd. (AIL) finalized November 11, 2025; change of control approved October 29, 2025.
• Xoala Asia: Granted Payment Intermediary Services license by the Mauritius FSC on November 6, 2025 (license GB25204956); enables payment intermediary activities and cross-border payments.
• Corporate actions approved September 4, 2025:
  • Authorized share increase from 500,000,000 to 750,000,000.
  • Authorized preferred stock increase from 10,000,000 to 15,000,000.
• Series B Convertible Preferred Stock amendments (January 2026):
  • Conversion rights updated to a 100:1 initial rate; potential adjustment in a qualifying public offering to a conversion range of 100–10:1.
• Prospectus reference to a potential reverse stock split (assumes 1-for-100, subject to board determination).
• Other updates include ongoing regulatory and litigation matters.

Customer base and scale indicators

• Platform users/customers: more than 500,000 users worldwide.
• Wealth management (ADS): 28 financial advisers and over $530 million in funds under advice (as of December 31, 2024).
• Subsidiary financials (available):
  • Alchemy International Ltd. (AIL) – IFRS revenue for 2024: $3.74 million; net profit: $0.48 million; net assets: $2.16 million (audited by Revonti Limited).

Offices and headquarters

• Headquarters: Irvine, California (U.S.) — service contract office arrangements (not a capital lease under ASC 842).
• Other locations and arrangements:
  • ADS office: Brisbane, Australia
  • AML office: Limassol, Cyprus and Regus Malta (Malta)
  • ATECH office: Limassol, Cyprus
  • Tel Aviv, Israel (AML sales office)
  • London, United Kingdom (APL office)
• Several arrangements are categorized as service contracts (operating expenses) rather than leases under ASC 842; some sublease arrangements are capitalized as leases (ROU assets) per ASC 842.

Governance and leadership

• Board of Directors:
  • Mitchell M. Eaglstein — Executive Director, acting Chairman
  • Imran Firoz — Executive Director, CFO/Controller
  • Gope S. Kundnani — Executive Director (by ownership interest)
  • Jonathan Baumgart — Independent Director
• Management oversees cybersecurity and risk management, with board and executive responsibilities defined.

Summary

FDCTech operates a diversified fintech platform combining a regulated margin brokerage, wealth management business, proprietary trading technology, and a payments/intermediary services arm. The company provides plug-and-play technology, licensing solutions, and access to institutional liquidity for brokers, advisers, and new market entrants.