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ForexTime Limited (FXTM), a forex brokerage firm at the weekend officially announced the commencement of its operations in the country following the activation of its Cyprus Investment Firm (CIF) licence and the launch of its website.

A statement explained that the firm was led by an executive team of experts with cumulative experience of several decades.

The firm's co-founder, Andrey Dashin, said: "My 15 years of experience in the forex industry have helped me recognise what forex traders want and I have established ForexTime to challenge trader expectations. With ForexTime you get the advantage of trading with sophisticated, reliable and industry-leading technology, partnered with support from a team hand-picked because of their experience and knowledge of the industry."

ForexTime, according to the statement, also gives its clients access to the global currency market and offers trading in forex, precious metals, commodities, shares and indices.

The company is registered as a Cyprus Investment Firm under registration number HE310361 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 185/12.

Aside from offering traditional instruments such as forex, gold, silver and CFDs, the company also said it would introduce solutions tailored specifically to different regions, including Shariah compliant account services.

Chief Executive Officer, ForexTime, Olga Rybalkina, said: "ForexTime intends on expanding this list by releasing new products and services throughout the year. Ensuring that the client experience is at the centre of ForexTime's offering, the services provided are tailored to the individual needs and ambitions of each customer - novice, intermediate or experienced.

"Our mission at ForexTime is to maximise the value our clients derive from their most precious commodity, time. The executive team's cumulative experience means we have an in-depth knowledge of the forex industry and we are committed to pushing the boundaries of this sector with the client experience in mind."

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