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Tag: Exinity

Brokers Alpari and FXTM Bid Adieu to the Financial Commission, Insider Finance Feeds Reports!

Compliance Ben -
In a noteworthy development within the financial brokerage industry, the notorious offshore broker Alpari and former CySEC-regulated ForexTime (FXTM), not less notorious, have officially withdrawn their membership from the Financial Commission. This decision underscores a broader trend among forex brokers reassessing their market focus and priorities.

Breaking: Red-Listed Brokers ForexTime and FTXM Ceased Operation And Renounced CySEC License!

CySEC tamir -
The broker schemes Alpari and ForexTime (FXTM), founded by Russian entrepreneur Andrey Dashin, have been subject to recent developments, casting doubt on their regulatory standing. FinTelegram has placed these brokers on its Red Compliance List. In the meantime, ForexTime and FXTM have ceased operations and voluntarily surrendered their CySEC license. The Alpari situation seems to be unclear.

Compliance Update: Alpari and FXTM Broker Schemes Included In Red Compliance Liste

Offshore Broker Ben -
The broker schemes Alpari and FXMT, a/k/a ForexTime, were founded by the Russian Andrey Dashin. On his website, Dashin claims that Alparin has more than 2 million clients and a more than a trillion turnover. Alpari has received and lost licenses in Russia, Cyprus, and the UK since its inception. FXTM currently has a CIF license from CySEC in Cyprus and via Exinity UK Ltd from the UK FCA. Both schemes are operated by Dashin's Exinity Group. We have placed both on our Red Compliance list.

Eurotrader Appointes Martin Couper To Head Compliance

Broker Charlene Lensburg -
The CySEC-regulated broker Eurotrader Group controlled by Ozan Ozerk, has announced the appointment of Martin Couper (LinkedIn) to the post of Head of Global Compliance. Before joining Eurotrader Group, Couper has been working for almost five years for Exinity, founded by Andrey Dashin, owner of brokerage companies Alpari and FXTM. Couper ‎will join Eurotrader’s compliance team based out of London. Recently, Eurotrader announced the appointment of Marcelo Spina as its CEO.

Alpari and FXTM in Nigeria: Looking for an Account Assistant at Exinity Group

Broker Ben -
Alpari is a Russian broker founded in 1998 by Russian-born Andrey Dashin, who also owns the CySEC and FCA regulated broker ForexTime a/k/a FXTM. Both ForexTime and Alpari are operated through offshore brokers with a network of various legal entities. Apparently, Exinity Group has an office in Lagos, Nigeria, where the group is looking for an Account Assistant. It perfectly shows that Alpari and CySEC-regulated FXTM are indeed under unified management. The FCA and CNMV issued warnings against Alpari.

FCA warns against the Russian-Cyprus Trillion-Dollar broker network Alpari!

CNMV tamir -
Alpari is a Russian broker, or at least it has its roots there. It was founded in 1998 by Russian-born Andrey Dashin in Kazan, Russia. Allegedly, it has more than 2 million customers. According to the UK Companies House information, Dashin lives in Cyprus. He also operates the CySEC and FCA regulated broker ForexTime there. Both ForexTime and Alpari are operated through offshore brokers with a network of various legal entities. Also, in close cooperation with the CySEC and FCA regulated Fortrade. The UK FCA has now issued a warning against Alpari.

Ukraine War – Fortrade transfers Belarus offshore activities to Mauritius!

CySEC Ben -
LLC Fort Securities BLR is one of the offshore brokers of the Fortrade Group. It is licensed by the National Bank of Belarus (NBRB) and used to the now-vanished FX Trade Premium. The UK FCA issued a warning against this illegal broker (report here). Recently, the German BaFin has announced an investigation against this Belarusian entity, and its now-vanished Invest365. Amid the Russian invasion in the Ukraine ForTrade transfers its Belarus activities to Fortrade Mauritius Ltd, the group informed.

Finally! German regulator investigates Fortrade Group and offshore broker!

BaFin tamir -
LLC "Fort Securities BLR" is the offshore broker operator of the Fortrade Group. It is registered and licensed in Belarus. It used to be the operating entity behind the now-vanished FX Trade Premium, against which the UK FCA issued a warning. BaFin has announced an investigation against this Belarusian entity and its Invest365. We have already exposed Fortrade's non-compliant offshore broker activities and their connections to the Russian Alpari Group and the FCA- and CySEC-regulated ForexTime Group.

R4I – Connections between Alpari, Forex Time, and ForTrade!

Bank of Belarus tamir -
The Spanish regulator CNMV has recently issued an investor warning against the broker Alpari, operating illegally in Europe via the offshore entity Alpari Limited, registered in St. Vincent & The Grenadines. We uncovered Praxis Cashier as a facilitating payment processor. From the information available to FinTelegram, it seems that die Alpari Group is related to the Forex Time Group and the ForTrade Group. Both are brokers regulated by the UK FCA and the Cyprus CySEC.

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