TheCable

ForexTime Limited (FXTM), an international forex broker, has announced the opening of its fully operational division in the UK.

According to Olga Rybalkina, CEO of ForexTime Limited, the UK division will offer retail and institutional access to its clients.

He said the establishment of an office in London office affirms the broker’s commitment to further expansion in the UK and Europe.

“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,” he said.

“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.”

FXTM said it identified London as an ideal location due its strategic position in Europe, rich trading history and highly skilled workforce.

A statement released by the company said the new office will play a key role in FXTM’s future plans to extend 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 to reflect the trading interests of UK and European investors.

Commenting on the UK division, Jameel Ahmad, FXTM’s VP of corporate development and chief market analyst said: “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.”

Demetrios Zamboglou, who has a strong background in risk management, and held a number of senior management positions in the forex industry, has been appointed general manager of the UK office.

To learn more about FXTM’s UK division visit: www.forextime.co.uk