Brokers News

Alpari Founder Launches ForexTime, a New Broker in Cyprus

Dec 18 2012
By Hannah Levi , Forexbrokerz.com Find me on Google+

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 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
FXTM launches MT5 trading for Pro account holders Apr 11 2018 10:02:35
FXTM has reduced spreads on ECN MT5 accounts Feb 23 2018 08:07:52
FXTM gets FCA license Feb 05 2018 10:50:34

Broker	Advantages
	FXTM a regulated forex broker (regulated by CySEC, FCA and IFSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $5 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
	easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

	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
	Cyprus, UK, Belize	CySec, FCA, IFSC	MT4, MT5, Web	$5	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, Web, Mobile app	$100	Review Website
	Australia	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	UK, Cyprus, Australia	FCA, CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia	FCA, ASIC	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, South Africa, UAE	CySec, FSCA, FSC	MT4, MT5, Web	$5	Review Website
	Cyprus	CySEC	MT4, Web	$25	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website

More Forex Brokers News

XM applies for a forex dealer license in the US

Jan 11 2019 13:39:14

The US subsidiary of major forex brokerage XM has applied for a membership with the National Futures Association (NFA). This became clear from a filing by the broker’s US entity Trading.com Markets Inc. (previously Trading Point US Inc.) with the NFA dated January 3, 2019. Read more

HotForex acquired DFSA license, commences operations in the UAE

Jan 08 2019 10:45:37

HotForex is now licensed by the Dubai Financial Services Authority (DFSA) and announced it commences operations in the United Arab Emirates (UAE). The Dubai arm of the HF Markets Group, HF Markets (DIFC) Ltd., acquired the DFSA license in December last year. Read more

CySEC warns Efexa1000 is not licensed

Oct 22 2018 12:55:06

The Cyprus Securities and Exchange Commission (‘CySEC’) officially warned investors that Efexa1000 is not authorized to provide investment services in the country. Read more

IG Group gets licensed in the USA

Oct 16 2018 13:48:15

Major forex broker IG Group (IG) got a green light from the National Futures Association (NFA) to operate on the US retail forex market. The US arm of IG Group, IG US LLC, has just been approved as a NFA member and is officially registered as a Retail Foreign Exchange Dealer (RFED). Read more

ASIC adds HBC broker to its warning list

Oct 09 2018 11:14:03

The Australian Securities and Investment Commission (ASIC) has updated its list of “businesses to be wary of” with HBC Broker – an unregulated company that is trying to confound its potential clients by giving out some correct details of leading forex and CFD ... Read more

FBS wins ‘Best Copy Trading Application Global-2018’ award

Oct 05 2018 16:22:13

The prestigious “Best Copy Trade Application 2018 Global” award went to FSB for their innovative CopyTrade platform. Read more

Capital Index renounced its CySEC license

Oct 03 2018 13:24:56

It seems that global online brokerage Capital Index is the next to voluntarily renounce its Cypriot Investment Firm (CIF) license. Read more

FBS celebrates its 9 millionth trader

Sep 19 2018 17:17:28

After celebrating their 7 millionth million trader in March 2018, now just 6 months latter, FBS reached yet another milestone – their lucky 9 millionth trader is Jean Sales De Souza from Rio de Janeiro, Brazil. Read more

XTB fined $2.7 million by Poland’s financial regulator

Sep 19 2018 11:31:55

The Polish Financial Supervision Authority (KNF) punished X-Trade Brokers (XTB) with a PLN 9.9 million ($2.7 million) fine for asymmetric price slippage on Tuesday. Read more

TD Ameritrade allows its clients in Singapore to trade via Messenger

Aug 27 2018 15:14:51

Singapore branch of American brokerage firm TD Ameritrade announced on Sunday that its clients in are now able to make trades and access market information through Facebook Messenger. Retail investors in Singapore will have yet another way to access the U.S. Read more