de | cn | ru

Brokers News

Alpari Founder Launches ForexTime, a New Broker in Cyprus

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

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $10 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, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

More Forex Brokers News

Fortrade is the first broker to get an ASIC license in nearly 2 years

Mar 20 2019 15:03:35

  Fortrade acquired a financial services license from the Australian Securities and Investments Commission (ASIC), which hasn’t been very welcoming of new retail forex broker applicants lately. Read more

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42

  FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Major broker IG launched its US website

Jan 31 2019 13:15:37

  Global brokerage IG launched its website intended for US retail clients (www.ig.com/us). Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more

FOREX.com announced important updates to its Web Trading platform

Jan 25 2019 15:13:43

  Major forex brokerage  Forex.com  proudly announced important updates of its in-house Web Trading platform, which will take your trading experience to the next level.   Accessible from all browsers and operating systems, Web Trading was launched in 2017. Read more

HotForex parent gets licensed by UK’s FCA

Jan 21 2019 12:31:59

  Less than a month after HotForex acquired license to operate in the UAE, the trading services provider gets an authorization by the Financial Conduct Authority of the UK. The UK subsidiary of the HF Markets Group, HF Markets (UK) Ltd. Read more

Rakuten Securities offers HK$700 prepaid cards as a welcome gift

Jan 18 2019 10:26:57

  Hong Kong forex broker Rakuten Securities offers up to HK$700 Spending Limit Prepaid Card as a welcome gift to new account registrants. Here are all the details you need to know about the company’s promotional offer, which is valid from now until the end of March 2019. Read more

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

de | cn | ru