FXTM’s Global Expansion Continues to South Africa

Chris Lee
Brought to you by: ForexTime LogoYour capital is at risk

Global, award-winning forex broker FXTM, recently announced its latest business expansion with the acquisition of an FSP license from the Financial Services Board (FSB) in South Africa with no: 46614. Starting from the 5th of July, 2016 the company began to further expand its global presence by opening up its trading and investing opportunities to customers and local partners in the region.

The FSB is one of the longest standing regulatory institutions in the region, regulating the country’s biggest stock exchange – the Johannesburg Stock Exchange – and is a member of the International Organization of Securities Commissions (IOSCO).

Regarding this latest development, ForexTime Limited’s Vice President of Corporate Development and Market Research, Jameel Ahmad, said: “2016 has so far been an outstanding year for FXTM. Following the opening of our UK division earlier this year and the launch of our Shares Account with direct connection to the NYSE and NASDAQ exchanges’ pricing, expanding to a market with some of the highest potential in the industry was only natural. We are looking forward to developing strong relationships with these traders and affiliates by staying true to our name as the global broker with a local touch”.

FXTM has already affirmed itself as a reputable and trustworthy broker with a strong presence in the Asian, European and Middle Eastern Markets, steadily proving its ongoing dedication and commitment to providing clients and affiliates with a safe and transparent environment.

Other highlights this year saw the appointment of CNBC Arabia’s Hussein Al Sayed as Chief Market Strategist, as the face of its brand for the Middle East region. The broker also received the ‘Top Customer Services Provider’ award in the 9th Saudi Money Expo, ‘Best FX Broker’ in the European CEO Awards and ‘Best Sell-Side Analysis Contributor’ award from FXStreet.


Chris Lee

Latest news

Forex vs Crypto: What’s Better For Beginner Traders?
The crypto and forex markets are two of the world’s most popular among investors and traders. Read more
Three Great Technical Analysis Tools for Forex Trading
You don’t have to be very technical minded to make use of technical analysis in your forex trading. Read more

Safest Forex Brokers 2024

Broker Info Best In Customer Satisfaction Score
#1 73% of retail CFD accounts lose money. Founded: 2014 Global Forex & CFD Broker
Number One Broker
Best Trading Conditions Visit broker
4.9
#2 Blackbull LogoYour capital is at risk Founded: 2014 Global Forex Broker
Number One Broker
BEST SPREADS Visit broker
4.8
#3 AvaTrade LogoYour capital is at risk Founded: 2006 Globally regulated broker
Number One Broker
BEST CUSTOMER SUPPORT Visit broker
4.9
#4 plus500 logo 80 april 2024* 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Founded: 2008 Global CFD Provider
Number One Broker
Best Trading App Visit broker
5
#5 Between 74-89 % of retail investor accounts lose money when trading CFDs Founded: 2010 Global Forex Broker
Number One Broker
Low minimum deposit Visit broker
4.9
#6 Forex Broker eToro Logo76% of CFD traders lose money Founded: 2007 Global CFD & FX Broker
Number One Broker
ALL-INCLUSIVE TRADING PLATFORM Visit broker
4.9
#7 XM LogoYour capital is at risk Founded: 2009, 2015 and 2017 Global Forex Broker
Number One Broker
Low minimum deposit Visit broker
5
#8 FxPro LogoYour capital is at risk Founded: 2006 CFD and Cryptocurrency Broker
Number One Broker
CFD and Cryptocurrency Visit broker

    Forex Fraud Certified Brokers

    BlackBull Logo Small
    XM Logo
    AvaTrade logo
    FXTM Logo
    eToro Logo
    FxPro logo
    plus500 logo 80 april 2024
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.