Jun 14, · Letter to the shareholders of MC Payment Limited ("MC Payment") (the "Shareholders") SINGAPORE, June 14, Dear Shareholders, As you may be aware, the media has picked up on certain statements by MC Payment's controlling shareholder, Mr Ching Chiat Kwong ("Mr Ching "), in relation to Mr Ching's requisitions to (1) appoint 5 directors onto the Board and (2) remove all but one The best CFD brokers can get lost in the long list of providers. Before you join a CFD platform, you need to understand what a CFD broker is, how they make money, and what to compare when weighing up your options. We’ll also cover regulation, payment methods and reviews of some of the largest, top CFD trading platforms Jan 13, · A Huge Time Saver – Now I can release fresh content every month, no more researching from scratch and my list just keeps growing; Get 2 brand new lead magnets every single month and download all previous months with over ready-to-go list building lead magnets to supercharge your email list building efforts
General Announcement::Letter to Shareholders dated 14 June | MarketScreener
com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. FXTM has grown rapidly in recent years and has a corporate structure composed of three entities which match its three bases of operations: the U.
FXTM allows its clients to trade Forex currency pairs and crosses, including some exotics, the precious metals gold and silver, crude oil and natural gas. FXTM also enables direct trading in stocks, not wrapped in CFDs, where the trader list of hot forex copy providers direct legal ownership of the shares when buying them, just like a traditional stockbroker available under Exinity Limited.
FXTM established itself as a leader in emerging and frontier markets, offering products and services to new retail traders often overlooked by other brokers. It does so by implementing a localized approach in high-growth markets, where economic conditions exist to ignite a boom and demand for Forex trading.
FXTM Nigeria is one example where this broker took a distinct leadership role. Nigeria remains the largest economy in Africa and has the third-highest youth population globally.
The tech-savvy generation seeks to unlock additional revenue streams, and Nigeria could become a regional trading hub. Therefore, FXTM opened two offices, one in Lagos and one in Abuja. Nigeria remains in prolonged confidence repairing mode after list of hot forex copy providers boom-and-bust cycle amid widespread Forex scams and frauds rattled the industry a decade ago.
FXTM Nigeria remains at the forefront to rebuild the Nigerian Forex market, which will undoubtedly yield list of hot forex copy providers moving forward, adding to its more than two million clients. One of the most defining missions of FXTM Nigeria is education, where it presents traders with an award-winning solution.
FXTM Nigeria also maintains training centers in Abuja, Lagos, list of hot forex copy providers, and Port Harcourt. Another appealing aspect for Nigerian traders is that one of the FXTM analysts is from Nigeria. A trading account in the Nigerian Naira and deposit and withdrawal options are equally available. The low minimum deposit and excellent ECN cost structure make FXTM Nigeria possible the best choice for Nigerian Forex list of hot forex copy providers. The commitment to education and the degree of trust FXTM brings to Nigeria are tremendous assets.
With a local presence and a clean regulatory track record, list of hot forex copy providers, FXTM Nigeria is the type of Forex broker Nigeria needs to thrive as a trading hub.
Indonesia is another high growth market, and FXTM Indonesia remains well-positioned to increase its domestic market share. FXTM Indonesia caters to traders since and maintains a primary website in Indonesian plus two websites dedicated to traders from Indonesia. With more than million people, Indonesia is the fourth-most populous country.
The newly industrialized nation also houses the sixteenth-largest global GDP. It presents FXTM with yet another regional trading hub from where it can expand its business. The management team at FXTM does an excellent job in identifying new trading hot spots ignored by other brokers, where it establishes operations and builds trust with local traders.
While it presently does not maintain an office in Indonesia, FXTM will likely expand and add to its Asian representation after establishing offices in India and South Korea. FXTM Indonesia allows deposits in the Indonesian Rupiah. Per the explanation on its website section labeled FXTM Indonesia Deposit Methods, local transactions go through a Forex manager. While FXTM supports Indonesian Rupiah deposits, traders can only open trading accounts with the Euro or the US Dollar as the account currency.
A currency conversion fee applies, levied by Forex Online Changer, the leading Indonesian platform to obtain e-currency, and traders must retrieve the exchange rate from there. FXTM does not charge a deposit fee. It may take up to one business day, depending on the verification of the deposit by the bank or FXTM. Indonesian Forex traders who seek a competitive and trustworthy trading environment may not come across a better offer than FXTM Indonesia.
Another attractive and high-growth market for FXTM is Malaysia, but it ran into some challenges this year. While FXTM Malaysia earned a spot among the top ten market commentary contributors to media companies in Malaysia, the financial regulator, the Securities Commission Malaysia, or SC, also added it to its blacklist.
It published the most recent update on February 2nd,by placing ten entities on its investor alert list, including FXTM. The SC failed to specify the reason other than stating FXTM is carrying on unlicensed activities in Malaysia.
The last event at the end oforganized by FXTM partners, attracted more than individuals across Malaysia and took place in Johor, Kuching, Kota Kinabalu, and Penang. It remains one of the most competitive countries in Asia and the world, besting developed nations like Australia or South Korea.
It is home to a vibrant and expanding technology sector, and many Forex affiliates are active across the country of more than 32 million people. FXTM does not have a representative office in Malaysia but frequently hosts events there. It aims to educate and promote its services in Malaysia and accepts traders from there. Since it does not operate out of Malaysia, regulatory approval by the SC is not a requirement. Therefore, traders should overlook the questionable blacklisting of FXTM by the SC.
FXTM remains one of the most transparent and well-regulated brokers, list of hot forex copy providers. FXTM does support commission-free deposits and withdrawals in the Malaysian Ringgit via online banking services provided by leading Malaysian financial institutions, list of hot forex copy providers.
FXTM continues to branch out, serving clients from more than countries with a competitive product and services portfolio. FXTM Malaysia remains well-positioned to expand its market share as one of the most trusted brokers serving Malaysia, where demand for quality brokers continues to rise, list of hot forex copy providers. FXTM enjoys an extremely high and very strong level of regulation in several jurisdictions. It is based in three different countries, with three different corporate branches to match.
ForexTime Limited www. The company is also registered with the Financial Conduct Authority of the UK with number Exinity Limited www. com is regulated by the Financial Services Commission FSC of the Republic of Mauritius with an Investment Dealer License bearing license number C Forextime UK Limited www. This multi-jurisdictional setup allows FXTM to differentiate its offering depending upon where its traders are located.
It is worth mentioning that acquiring regulation is not an easy feat for any Forex broker, so the mere fact that ForexTime has acquired regulation in several jurisdictions is extremely admirable. FXTM is formally regulated in the United Kingdom, Cyprus, and Mauritius. In the United Kingdom, ForexTime UK Limited is authorized by the Financial Conduct Authority to provide regulated products and services under license number In South Africa, ForexTime Limited is licensed by the Financial Sector Conduct Authority of South Africa under FSP number In Mauritius, Exinity Limited is licensed by the Financial Services Commission with a category 1 global business license and as an SEC Exinity Limited is also a member of the Financial Commission, an international dispute resolution body serving the financial services industry.
The U. This means that FXTM has a meaningful track record and an established reputation of safety as a brand which it needs and wants to protect, to ensure it remains in good standing in such advanced and highly regulated financial services centers such as the U.
After its initial establishment in Cyprus inFXTM grew and acquired its South African license inand its U. license in FXTM maintains full compliance with its three regulators. Non-EEA and will deal with Exinity Limited out of Mauritius. Performance statistics, which include order execution speed, slippage, requotes, FXTM Invest Manager Rankings, as well as, Client Satisfaction and Services, list of hot forex copy providers, are independently confirmed by Big Four accounting firm PricewaterhouseCoopers Limited PwC.
It satisfies the International Standard on Assurance Engagements ISAE Transparency represents an essential attribute at FXTM, where it delivers well, Transparency represents an essential attribute at FXTM, where it delivers well. They meet strict financial standards and are required to report periodically to their regulators. Client deposits remain segregated from company funds, list of hot forex copy providers, in compliance with regulatory stipulations. Given its broad international reach with a distinct focus on localized services, FXTM has a well-established partnership with various banks.
The SSL Secure Sockets Layer network security protocol secures all online traffic between FXTM and traders, per established industry standards. The overall trading environment is safe, and traders can trust FXTM with their personal information and deposits. Additional steps taken by this broker, like independent verification by PwC of published statistics or enhanced deposit protection as granted by The Financial Commission, show that FXTM is willing to commit to measures that are not required by regulators.
Therefore, FXTM is quite a safe broker for trading. As FXTM offer a few different account types which charge slightly different fees, we will judge the trading fees of its most common account type, the Advantage Plus Account.
This is slightly on the high side for the industry. The average round trip fees and costs for other CFD instruments offered such as commodities, individual stocks and equity indices are average for the industry.
These levels of spreads and commissions are broadly competitive on the ECN sideespecially for clients with relatively low deposit amounts. However, traders with considerably larger sums to deposit such as a few thousand dollars would find the trading fees average, but nothing special, at least for trading Forex and CFD products. An often-overlooked element of the trading fee structure is overnight financing, which is typically a net charge applied to any trade open at 5 p. New York time. This can make swing or position trading expensive, particularly when a trader wants to be long of a currency with a relatively high interest rate and short of another currency with a relatively low or even negative interest rate.
Finally, we conclude the topic of fees by checking whether clients are charged any incidental fees by FXTM, regardless of whether a trade is made. This is good by the standards of the industry. FXTM also charges additional withdrawal fees against withdrawals made by credit cards or bank wire transfer. Many newer traders will be looking to trade only one single asset class, such as Forex, or CFDs on list of hot forex copy providers stocks and shares, but more experienced traders will probably be looking for diversification, meaning a wide offering across Forex, list of hot forex copy providers, commodities, stocks, etc.
Forex — more than 57 currency pairs and crosses, including exotic currencies, the majors are listed below. For more pairs offered by FXTM click here. FXTM offers trading in spot gold and spot silver. Gold is paired with the U.
Dollar, the euro, and the British pound. Silver is paired with only the U. dollar and the euro.
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