FXTM Announces Opening Of UK Operational Division

Online foreign exchange (FX) broker FXTM today announced the opening of its fully operational division in the UK. The UK division will be based in the City of London and will offer both retail and institutional clients access to its range of products and services, trading terms and technology.

The news follows last week’s appointment of CNBC Arabia's Hussein Al Sayed as the face of FXTM's brand in the Middle East, reinforcing the broker’s plans to expand its global focus and brand within both the Middle East and North Africa (MENA) and GCC regions.

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FXTM has pinpointed London as the ideal location due its strategic position in Europe, rich trading history and highly skilled workforce. The office will play a key role in FXTM’s future plans to extend the number of instruments and services that it offers, reflecting the trading interests of UK and European investors.

Commenting on the new UK division, Olga Rybalkina, CEO of FXTM said: “Having delivered strong results and stable growth since the founding of the company, the opening of our UK office is a natural step for FXTM. The UK office will provide a strategic position from which we will continue offering our clients in the UK and Europe secure and high quality products and services.”

Demetrios Zamboglou has been appointed as the general manager of the UK office, bringing with him a background in Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term. Zamboglou has previously held a number of senior management positions in the FX industry.

Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term Risks

As a leading European financial hub, London continues attracting new business despite the prospects for a Brexit from the European Union. FXTM is making a big commitment at a time of uncertainty in the market and despite the risks associated with the exit of the United Kingdom from the EU, which could lead to substantial challenges for the financial industry in the near future.

Commenting on the issue, a company spokesperson stated to Finance Magnates, "We don’t see the potential of a Brexit impacting our business endeavors in the UK. London is respected around the world as a global financial hub, and we are opening of our office there because we see huge potential and many opportunities in the UK market, which would not change in the hypothetical event that the outcome of the referendum in June is a Brexit."