FXTM Expands to South Africa with FSB License
LIMASSOL, Cyprus, August 5, 2016 /PRNewswire/ —
Global, award-winning forex broker FXTM is pleased to announce that it is continuing its ongoing expansion, with the broker having received a license from the Financial Services Board (FSB) in South Africa. The license was obtained on July 5th, 2016 (FSP no.46614) and provides the company with the opportunity to expand its strategic footprint, while reaching new customers and acquiring local partners in a market of high potential.
Commenting on this latest acquisition, Olga Rybalkina, CEO of ForexTime Limited, said, “This latest development represents another key milestone for FXTM, and falls directly in line with our mission to expand across the globe. We continue to experience growth on a stable level with our company having developed a strong reputation for a commitment to providing excellent trading terms and a transparent service.
“Since our inception, we have steadily established ourselves as an authority in this industry and developed a reputation as a trusted broker in the Asian, European and Middle Eastern markets. South African clients, affiliates and partners can now enjoy all of the benefits and advantages of trading withFXTM, and we proudly look forward to building lasting relationships with these traders as a global broker with a local touch.”
The recently obtained license from the FSB adds to what has already been a busy 2016 for FXTM, with the broker having also announced the opening of its UK branch earlier this year, shortly following the appointment of CNBC Arabia’s Hussein Al Sayed as Chief Market Strategist and the face of its brand for the Middle East region.
Away from international developments, FXTM has also focused on developing its product portfolio with the introduction of the Shares Account and, most recently, the updated MT5 platform with the option of hedging.
The broker will be announcing further company developments in the upcoming future.
For more information about this latest news, please visit the FXTM website athttp://fxtm.biz/2aLvWH6.
Trading Forex involves significant risk and can result in loss of your invested capital. Please read FXTM’s full Risk Disclosure (http://www.forextime.com/regulatory-compliance/risk-disclosure/ ).
The FXTM Brand consists of ForexTime Limited, regulated by Cyprus Securities and Exchange Commission (CySEC)with licence no. 185/12, licensed by South Africa’s FSB with FSP number 46614, and registered with the UK FCA under reference number 600475, and FT Global Limited, regulated by the International Financial Services Commission (IFSC)with licence numbers IFSC/60/345/TS and IFSC/60/345/APM.