FXTM: ForexTime Acquire a CySEC licence

Back in December we announced that Alpari (AFS) Ltd. had moved its customer base to Alpari’s UK arm. There was speculation that this was due to the fact that Alpari’s biggest shareholder Andrey Dashin was planning launch a new CySEC based Forex brokerage. This speculation seems to be right as CySEC announced today that Forex Time Ltd. (ForexTime) had acquired a full CySEC Investment Firm licence.  

The offering from ForexTime does look pretty exciting, it appears that while Forex is not the only offering at FXTM it will make up the core of the offering. With ForexTime planning to also offer Spot Metals, Commodity Future CFD’s, ETF CFD’s and Share CFD’s. This makes for a pretty decent range of instruments for prospective traders. While this is a pretty decent range of instruments, what excites me the most is the range of ETF’s available for trade. I feel that ETF’s offer traders some great opportunities. At the present time the range of ETF’s at FXTM is pretty limited but hopefully FXTM work on adding extra ETF’s as time passes. 

I have no doubt that FXTM will go on to be a successful company being backed by Alpari’s main Shareholder will sure help. But it appears that everything at FXTM is being done very professionally with their already being a very professional website up. FXTM also supports both MetaTrader 4 & 5, with support for social network ZuluTrade being added soon.  

All in all, FXTM looks to be an exciting venture that I feel will fare well in the ultra competitive over-the-counter Forex market. Expect to see a review in the upcoming days.

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