FXTM Relinquishes its Cyprus Investment Firm License

According to the official website of the Cyprus Securities and Exchange Commission (CySEC), Forextime Ltd, the operating company of FXTM, has relinquished its Cyprus Investment Firm (CIF) license and is under review by the regulator regarding the voluntary renunciation of its authorization.

FXTM is a well-known online broker in the trading industry. The broker has ceased all operations in Cyprus as of December 31, 2023.

Fidelity is an independent brand created by Andrey Dashin, one of the founders of Alpari, in 2011. In 2020, Dashin announced the establishment of Exinity Group, into which Fidelity and Alpari were merged.

_{Forextime Ltd's license status on the official website of the Cyprus regulator has changed}