{"id":255999,"date":"2022-02-18T12:57:12","date_gmt":"2022-02-18T07:27:12","guid":{"rendered":"https:\/\/www.indialegallive.com\/?p=255999"},"modified":"2022-02-18T13:03:36","modified_gmt":"2022-02-18T07:33:36","slug":"is-fxtm-nigeria-scam-or-legit-brokerage-firm-lets-find-out-together","status":"publish","type":"post","link":"https:\/\/www.indialegallive.com\/associate\/is-fxtm-nigeria-scam-or-legit-brokerage-firm-lets-find-out-together\/","title":{"rendered":"Is FXTM Nigeria Scam or Legit Brokerage Firm? Let\u2019s Find out Together"},"content":{"rendered":"\n
FXTM was launched in 2011 as a part of the FXTM brand, which includes ForexTime Ltd, Exinity UK Limited, and Exinity Limited. The Forex broker is regulated in various jurisdictions providing its customers with access to the Forex market. Apart from currency pairs, you will find their many CFDs (contracts for difference) for various assets, including metals, indices, commodities, stocks, etc.<\/p>\n\n\n\n
The brand has several licenses, allowing it to accept traders from Europe Africa, and other regions. For instance, ForexTime owns an FSCA license (South Africa) giving it permission to work with African traders. As for Nigeria, there is no strict legislation in this country, meaning local traders can start with any company with no restrictions.<\/p>\n\n\n\n
Apart from the African license, the FXTM brand is regulated in the United Kingdom (FCA). European Union (CySEC), etc. Having a license is important for a broker to operate in a particular country or region. For traders, cooperation with licensed brokers is the guarantee that they will not be deceived by the company.<\/p>\n\n\n\n