Brokers News

Alpari Founder Launches ForexTime, a New Broker in Cyprus

Dec 18 2012
By Hannah Levi , Forexbrokerz.com

The island of Cyprus is forex brokers' favorite destination for a number of reasons: the ease of setting up a brokerage house, the reasonable requirements of local regulator CySEC (Cyprus Securities and Exchange Commission), great tax laws, etc. Oh, yeah – and the nice weather; as I am writing this, winter is in full swing here and I dread going out. Another place where it is freezing in the winter is Russia – and perhaps that is what drove Andrey Dashin, founder and main shareholder of the Russian broker Alpari, to Cyprus.

But instead of lying on the beach, Mr. Dashin will be doing what he does best: running an online forex brokerage. ForexTime (FXTM) is the name of his new company and it has just obtained its license from CySEC. After a brief activation time, the new broker is expected to start accepting customers early in 2013, provided that the world doesn't end before that as some gloomily predict. Once it is up an running, the new broker will be offering forex, commodities, shares, indices, precious metals and other instruments for trading.

There is already one ForexTime broker existing – in March this year Alpari Nigeria rebranded into FXTM. The new company, however, is a separate unit and is not a subsidiary of Alpari's Nigerian branch. For the time being, it is not yet clear whether Andrey Dashin will be distancing himself from Alpari and pursuing a different direction.

“It is my ambition for ForexTime to be a game-changer. I know that ForexTime is going to change the industry for the better as my team and I possess the combined experience and commitment needed to elevate the industry to another level,” Dashin shared in an official statement. “With the current global crisis having created a unique set of conditions in the Forex market, ForexTime represents an adaptation to an evolving market by fulfilling investors’ and traders’ new demands and expectations,” he added.

Now, I have to be honest with you: I don't really see how one broker revolutionizes the entire forex scene – it seems to me that there is little room for innovation when it comes to forex trading services, let alone completely changing the game – or perhaps this is just me being old-fashioned. Dashin promises that he and his team are already developing ground-breaking products and services that will give customers a better trading experience and faster execution. But hey – we'll see.

About ForexTime

Led by Mr Andrey Dashin, founder of Alpari, ForexTime Ltd is committed to providing the tools and support to ensure maximum performance for traders. ForexTime Ltd will offer trading and other investment services in Forex, commodities, precious metals, shares, indices and other financial instruments.

ForexTime Ltd has been granted a license as a Cyprus Investment Firm (CIF) by the Cyprus Securities and Exchange Commission (CySEC), license number 185/12.

TAGS: ForexTime FXTM Alpari forex broker forex trading Cyprus CySEC Andrey Dashin

More news about FXTM

FXTM now offers a deposit bonus of up to $5 000 Apr 25 2019 11:10:24
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FXTM gets a license from Mauritius FSC Mar 28 2019 09:59:36
FXTM honoured with two World Finance Awards Aug 10 2018 12:24:48
Former Gain Capital executive Alexis (Lex) Webster joins FXTM as CCO Jul 10 2018 12:16:12

Broker	Advantages


	FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
	HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.
	Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips.

Broker	Country	Regulation	Platform	Min Deposit	Review
	US	CFTC, NFA	MT4, Web, in-house	$50	Review Website
	US	NFA, CFTC	MT4	$250	Review Website
	Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
	Australia, Cyprus	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	UK, Cyprus, Australia	FCA, 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	MT4, Web, MT4 for Mac	$100	Review Website
	Australia, UK	ASIC, FCA	MT4, MT5, cTrader	$200	Review Website

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