Retail foreign exchange broker FXTM has been granted a license from the of the Republic of Mauritius amid its continued international expansion.
The FXTM brand was already regulated by the UK Financial Conduct Authority, the Cyprus CySEC, and South Africa’s FSCA. The addition of an authorization from the Mauritius financial watchdog will help the broker in its international growth strategy, while also emphasizing the brand’s commitment to operating to the highest regulatory standards.
The new milestone also serves as message to its current customers and future ones that FXTM aims not only to constantly re-evaluate its product and service offerings, but also the jurisdictions under which it operates.
The Mauritius Financial Services Commission provides protection to the public in non-banking financial products. FXTM’s international customers will now have the opportunity to receive services through Mauritius.
FXTM obtained its UK FCA license in early 2018 in order to broaden its market appeal and to honor its commitment to being fully localized in key financial regions. The broker operates under FCA license no. 777911.
“In an environment where regulators are putting compliance and client communications in financial services under the spotlight, we are extremely proud to have met the high standards required by the FCA”, said Martin Couper, FXTM’s Director of Forextime UK Limited.