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.