Broctagon’s 300% user growth powered by MongoDB Atlas
The Shift to MongoDB: Overcoming Data Limitations
Before adopting MongoDB, Broctagon relied on a mix of relational and open-source databases. However, as our client base grew rapidly, these systems struggled with scaling data volumes, performance issues, and rising costs. To maintain our high standards and ensure uninterrupted service for brokers, we sought a solution that could effortlessly scale and adapt to the fast-paced nature of the FX industry.As Ted Quek, CTO & Co-Founder of Broctagon, explains, “Today’s FX brokers operate in an incredibly fast-paced environment, where client engagement and profit maximization are paramount. AXIS provides the technology and market access they need to capitalize on opportunities like prop trading challenges.”
Unleashing Innovation: Building on MongoDB’s Flexibility
Since implementing MongoDB Atlas on AWS in 2019, we’ve revolutionized how we manage data for AXIS, our flagship CRM. MongoDB’s flexible schema model allows us to scale and launch new services with remarkable agility.
This shift has enabled Broctagon to improve key operational capabilities, including:
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Data Archiving
Using MongoDB Atlas Online Archive, we can archive large volumes of data in just 10 minutes, significantly reducing the size of our live database.
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Faster Report Generation
Brokers can now search through 700 million documents (400 million archived, 300 million live) with a single query, drastically enhancing the speed of generating filtered reports.
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Regulatory Compliance
MongoDB’s flexible architecture allows AXIS to meet local regulatory requirements such as eKYC, AML, and client identity verification through integrations with leading providers.
These innovations, combined with MongoDB’s efficiency, have empowered our clients to maximize their potential through features like real-time commission payments and comprehensive data analytics.
Unlocking New Opportunities: Broctagon’s Proprietary Trading Solutions for Brokers
A major milestone in our innovation journey was developing Broctagon’s end-to-end proprietary trading solution, built on MongoDB in just three months. As prop trading gains traction, brokers and traders seek to diversify income and seize new opportunities.
Included with AXIS at no extra cost, the plug-and-play Prop module lets firms — whether established brokers or aspiring prop firms — launch prop trading challenges instantly. Brokers can integrate it with existing platforms, while new firms can use Broctagon’s white-label solutions to create their own branded firms.
This solution has become a key growth driver, enabling clients to capitalize on one of the most lucrative trends in the FX industry.
“MongoDB Atlas has revolutionized our approach, providing the scalability and assurance we needed to empower brokerages worldwide to manage clients and drive profits with innovative business models like prop trading. We’re now venturing into MongoDB Vector Search and generative AI to elevate our customer experience and make prop trading even more intuitive and accessible.”
Broctagon’s Technology Milestones
The implementation of MongoDB Atlas has allowed us to make significant improvements to AXIS, positioning it as a market leader. Some of the most notable results include:.-
300% Growth in User Base
Since adopting MongoDB, we now support over 1.5 million traders.
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10x Faster Report Generation
MongoDB enables brokers to generate reports ten folds faster, optimizing decision-making.
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Language and Payment Hub Support
AXIS now supports 13 languages and features a payment solutions hub, allowing brokers to integrate any fiat or cryptocurrency of their choice.
Looking Forward: Expanding Our Technology Roadmap
Broctagon’s partnership with MongoDB has paved the way for future innovations, including integrating generative AI to create more intuitive trade summaries and analytics. With MongoDB’s scalability and flexibility, we are continuously expanding our AXIS tech roadmap to meet the dynamic needs of the fintech industry.
Every technological improvement and cost efficiency is passed on to our clients, driving their success. Each enhancement, big or small, adds to their competitive edge.
We are honored to be featured in MongoDB’s case study, and we look forward to continuing our growth as a global leader in fintech solutions.
For more details, check out the original MongoDB article here: Broctagon’s Success Story with MongoDB.
About Broctagon Fintech Group
Broctagon Fintech Group is a leading multi-asset liquidity and FX technology provider headquartered in Singapore, with over 15 years of global presence in Hong Kong, Malaysia, India, Cyprus, Thailand, and China. We specialize in performance-driven, bespoke solutions, serving over 350 clients in more than 50 countries with our liquidity aggregator technology, brokerage and prop trading solutions, and enterprise blockchain development.
