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FXTM gets a license from Mauritius’ FSC

Mar 28 2019
By
Jonathan Smith

 

Award-winning forex brokerage  FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week.

 

FXTM, which was recently honoured with two World Finance Awards, already holds licenses with some of the most reputable financial regulators - the Cyprus Securities and Exchange Commission (CySEC), the UK’s Financial Conduct Authority (FCA), and South Africa’s FSCA.

 

In order to continue delivering the highest possible standard of service to its customers, FXTM not only constantly re-evaluates its product and service offerings, but also the jurisdictions under which it operates. Now, its international customers will now have the opportunity to receive services through its newly regulated Mauritius entity.

 

The broker’s move comes after the European Securities and Markets Authority (ESMA) decided to impose a number of restriction on retail CFD trades, the most important of which is a leverage cap of 1:30. As a result, a number of European brokers have experienced declining trading volumes. Some have closed up shop, others have moved their business elsewhere. Many have registered offshore entities in order to be able to continue to provide higher leverage ratios to their clients.

 

The company was established in 2011 when one of the co-founders of Alpari separated from the Russia-based broker and launched one of his own under the FXTM brand. Since then, the company has opened a number of offices around the world, and is believed to be one of the fastest growing brokers in the industry.


FXTM provides all-encompassing product and service offering. There are more than 250 instruments to trade in, including a number of currency pairs and various CFDs (plus shares CFDs reinforced by a direct connection to the NYSE and NASDAQ). Furthermore, FXTM’s clients are able to choose from a wide array of trading accounts on two robust platforms, MetaTrader 4 and MetaTrader 5 platforms.

 

TAGS: FXTM  license  regulation  Mauritius  forex broker 

More news about FXTM

Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

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