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Screenshot of a breaking news alert e-mail from Q2 2017
We believe that this is called ‘coming full circle’.
Retail FX broker ForexTime Limited (FXTM) has announced the opening of its fully operational division in the UK. Located in the City of London, the UK division will service retail and institutional clients, offering them access to FXTM’s products and services.
Some brief history… FXTM was founded by former Alpari executives in 2012 (with backing from Alpari shareholders), after disputes arose in the Alpari Group about the division of regions within the group. Effectively, Alpari UK and Alpari Cyprus both wanted to ‘go after’ fast growing markets outside Europe. When an agreement couldn’t be reached, Alpari Cyprus was shut and FXTM was born as a separate brand.
With Alpari UK now out of the way, FXTM is heading back to the UK with a new office and London based executive team.
The London office will play a crucial role in FXTM’s future plans to expand the number of instruments and services that it offers. The ForexTime mobile app for on-the-go traders, the FXTM Pro account for high-end professionals, and recently launched FXTM Invest and Shares Account have been specifically designed according to the trading interests of UK and European investors.
The UK division will be overseen by Demetrios Zamboglou, who has been appointed as the General Manager of the UK office. Mr Zamboglou has extensive experience in risk management and before joining FXTM held a number of senior management positions in the FX industry, including the role of Chief Risk Officer.
Speaking about the UK division, Jameel Ahmad, VP of Corporate Development and Chief Market Analyst at FXTM, says:
The forex industry thrives on innovation, which is why London, as one of the most vibrant financial centres in the world, is an excellent base for FXTM. Providing personalised client-centric products, highly competitive trading terms, and fast execution times has been key to the success of the company, and we will look to leverage these in order to distinguish ourselves in the competitive European and global landscape as we continue to develop the FXTM brand.
Olga Rybalkina, CEO of ForexTime Limited, says:
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. The UK office will provide a strategic position from which we will continue offering our clients in the UK and Europe secure and high quality products and services. This development underlines our commitment to the expansion of our global network, which has seen FXTM recognised internationally as a trusted and innovative broker. We now look forward to continuing our development in the UK and Europe, by capitalising on the benefits that come with having a base in a global financial hub like London.