Is FXTM Foreign Exchange a Black Platform

　　FXTMForeign Exchange was first established in 2011. Due to its establishment being too quiet at that time,Foreign exchange dealers with the highest integrity it was difficult to find media coverage at that time. But the establishment time can be confirmed from the introduction on the official website and the response from customer service.

　　In 2012, FXTM obtained a license issued by CySEC in Cyprus.

　　In 2013, FXTM also obtained three additional regulatory licenses and began officially accepting customers.

　　In April, FXTM (ForexTime Ltd) obtained regulatory permission from PFSA in Poland.

　　In May, FXTM (ForexTime Ltd) obtained the EEA EU license issued by the UK FSA.

　　In November, FXTM obtained registration and regulatory permission from the Mauritius FSC by establishing a new entity, Exinity Limited. This entity is mainly responsible for the operation of customers in the Chinese region.

　　In 2014, FXTM established a new licensed entity, FT Global Ltd., under the supervision of the Belize International Financial Services Commission (IFSC), specifically responsible for the operation of certain users in non EU regions.

　　In 2016, FXTM (ForexTime Ltd) obtained a license to operate in South Africa and began expanding into the South African market.

　　In 2018, FXTM (ForexTime Ltd) obtained the STP Passthrough License issued by the Financial Conduct Authority (FSA) in the UK.

　　In 2020, Alfred and the founder of FXTM, Dashin, announced the establishment of the Exinity Group. The Exinity Group will include various retail businesses under Dashin, including Alpari International, FXTM, and the upcoming new retail business launched under the name of Exinity.

　　As early as 2015, two years after its official start of operation, Jameel Ahmad, Vice President of FXTM Development, stated that as an international brokerage company, FXTM has customers worldwide, but its business in Asia and the Middle East is particularly strong.

　　In 2016, Hussein Sayed, the Chief Market Strategist for FXTM and the Middle East, once again emphasized that although FXTM is headquartered in Cyprus, the company has been particularly focused on Asia and the Middle East from the beginning. Therefore, in this sense, FXTM will not consider itself as a Western company.

　　In addition to its verbal "care", FXTM has also invested a lot in the Chinese market, such as continuously optimizing payment methods.

　　In 2015, FXTM added Alipay as a deposit/withdrawal option;

　　In 2016, FXTM added WeChat payment as a deposit/withdrawal option;

　　In 2017, FXTM added Baidu Wallet as a deposit/withdrawal option;

　　summary

　　FXTM Foreign Exchange is a foreign exchange broker established in 2011, headquartered in Cyprus and providing services in multiple countries and regions around the world. As a legitimate platform for operation, FXTM is regulated and authorized by multiple financial regulatory agencies, including the Cyprus Securities and Exchange Commission (CySEC), the South African Financial Action Task Force (FSCA), and regulatory agencies from other countries.(Recommended reading:What are the regulations for FXTM foreign exchange)

　　Although I am unable to conduct real-time investigations or provide specific opinions directly on the company, to my knowledge, FXTM Forex has a certain level of popularity in the industry and provides users with various trading tools and resources. However, regardless of which foreign exchange broker you use, it is recommended that you conduct thorough due diligence and evaluation before choosing to ensure that it meets your needs and expectations.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!