Cyprus-headquartered broker Forex Time (FXTM) has announced today the establishment of a new licensed entity, FT Global Ltd., regulated by the International Financial Services Commission (IFSC) of Belize.
The CySEC-regulated broker says the reason for the new license in the Caribbean nation is that it strives to offer a wide array of trading products and services tailored to the needs of each individual region. Furthermore, FXTM says it places an emphasis on transparency and regulation in all of its operations across the globe. The new entity is meant to offer an increasing number of traders access to the currency markets under the “oversight of robust and reputable” regulatory financial authorities.
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FXTM states in the announcement that it is confident that the new entity will operate as an integral part of the company’s global development. “Priding itself in offering bespoke solutions and flexibility of service,” the firm aims to provide clients with diversification and efficiency in trading on the markets and make available to all regions a service of an appropriate and international standard.
While Europeans must register with the CySEC-regulated entity, new clients outside the EU are now entitled to register with either entity of their choosing.
Forex Time offers clients access to trade forex, precious metals and CFDs. The company was founded by entrepreneur Andrey Dashin in 2012, who was also the founder of the influential Russian broker Alpari.