The Cyprus-regulated forex broker ForexTime Limited (FXTM), has officially opened its office in London. The expansion of the operations is expected to improve services both to the broker’s retail and institutional clients in the UK and other parts of the world. As a part of its continuing expansion, the company said it will also offer new trading products, but did not provide any details.
FXTM’s London office will be headed by Demetrios Zamboglou.
“Having delivered strong results and stable growth since the founding of the company, the opening of our UK office is a natural step for FXTM,” said Olga Rybalkina, CEO of ForexTime Limited . “The UK division will provide a strategic position from which we will continue offering our clients in the UK and Europe, as well as our global client base, secure and high quality products and services.” T
Pursuant to the broker’s expansion and the establishment of the Forextime Ltd. UK Division, the company has also updated its client agreement. Now it includes the new subsidiary, with its relevant information, adds its FCA registration number and expands the list of websites the company operates to: www.forextime.com/eu, www.forextime.co.uk/eu and www.forextime.com.cn/eu/zh. The updates do not require any action on part of the FXTM clients.
FXTM is registered with and regulated by the Cyprus Securities and Exchange Commission (CySEC), which allows it to operate in and target citizens of all EU member states. It is also registered in the UK. Its product portfolio includes more than 100 instruments, such as forex, spot metals, and various contracts for difference (CFDs). Traders can choose between Standard and Cent accounts, or one of four ECN account types. The broker uses the trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5).