de | cn | ru
Forex

Brokers News

FXTM acquires forex license from South Africa’s FSB

After officially launching a UK division in April this year, Cypriot broker FXTM continues its ongoing global expansion in South Africa. On its website on Tuesday the multi-asset broker announced it has acquired licensed from the Financial Services Board (FSB) of South Africa as a Financial Services Provider.

Already established itself as a trusted forex broker in the Asian, Middle Eastern and European markets, FXTM (ForexTime), now opens its doors to South African clients, affiliates and partners. The broker was granted a category 1 FSB license to act as an intermediary in securities and instruments (shares, money market instruments, bonds, and derivative instruments).


The Financial Services Board is the regulatory body of South Africa’s non-banking financial services industry, which includes collective investment schemes and financial advisors and brokers, among others.


According to Olga Rybalkina, Chief Executive Officer (CEO) of FXTM Limited, in a statement on the license, “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.”


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 240 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). 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  forex license  south africa  fsb 

More news about FXTM

Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySEC in-house mobile
app
$50 Review Website
Seychelles FinaCom MT4 $10 Review Website

More Forex Brokers News

FxPro hikes margin requirements ahead of Japanese elections

Oct 18 2017 08:25:06

 FxPro, a well-established European forex and CFD broker, announced it is temporarily hiking the margin requirements on some instruments ahead of the Japanese general elections on October 22. The outcome of the vote may affect the financial markets and the available liquidity. Read more

Alpari terminates offering of CryptA Capital cryptocurrency portfolio

Oct 18 2017 07:28:58

 Alpari, one of the larger international forex and binary options brokers, mostly active in Russia, announced it terminates the offering of the CryptA Capital cryptocurrency investment portfolio. Read more

FxOpen expands platform offering with MetaTrader 5

Oct 17 2017 09:09:15

 FXOpen, an ASIC and FCA-regulated forex and CFD broker announced it is adding the increasingly popular trading platform MetaTrader 5 to its offering. It provides access to ECN trading and interbank liquidity. Read more

Forex

Grand Capital launches Serenity Financial - blockchain-based arbitration forex platform

Oct 16 2017 07:40:20

 Forex, CFD and binary options broker Grand Capital  announced it has launched Serenity Financial – a blockchain-based secure forex marketplace for traders and brokers. Read more

Saxo Bank adds Ethereum tracker ETNs

Oct 12 2017 15:27:58

Saxo Bank, a major Danish financial services provider and forex broker, announced it is adding Ethereum Exchange Traded Notes (ETNs) to its asset list.   The new instruments are in addition to the Bitcoin tracker ETNs earlier and are all listed on Nasdaq OMX Stockholm. Read more

CySEC withdraws suspension of OptionRally's license

Oct 12 2017 12:13:20

 The Cyprus Securities and Exchange Commission (CySEC) has announced its October 2 board decision to withdraw the suspension of the license of the binary option broker OptionRally. Read more

FxPro gets Dubai license, to open office there – media

Oct 11 2017 10:25:02

FxPro, a well-established European forex and CFD broker, has obtained a license from the Dubai Financial Services Authority (DFSA) and will open an office in Dubai shortly, reports LeapRate. Read more

CMC Markets opens office in Shanghai – media

Oct 11 2017 08:46:29

CMC Markets, a major global forex and CFD broker, has opened an office in Shanghai, reports the site Finance Magnates. The broker already has an office in the capital Beijing, supported by the team in Australia.   The new office will help CMC Market expand and strengthen its presence in China. Read more

Harborx to showcase its in-house trading app at FinovateAsia 2017

Oct 10 2017 12:03:25

CySEC-regulated forex broker Harborx is among the selected presenters at FinovateAsia 2017, one of Asia’s premier fintech events to be held on November, 7-8 in Hong Kong. Read more

Tickmill jumps the Bitcoin bandwagon

Oct 10 2017 10:25:33

Hardly a day goes by, without a forex broker joining the Bitcoin mania and starting to instruments involving digital currencies. Today’s news is about the global NDD brokerage Tickmill, which announced it is adding the most popular cryptocurrency, Bitcoin, to its trading instrument list. Read more

Forex
de | cn | ru