Forex broker review

FXTM Review 2026

fxtm.com

Overview and safety

80/100

What is FXTM?

FXTM is the current FXTM trading brand operated principally through Exinity Limited for the global retail service, with additional Exinity group entities in selected jurisdictions

The global FXTM site identifies Exinity Limited, registration C119470 C1/GBL, as regulated by the Mauritius Financial Services Commission under Investment Dealer licence C113012295 and licensed by South Africa’s FSCA under FSP 50320. A separate Kenya entity holds CMA licence 135, while the UAE Category 5 company is for introduction and promotion rather than ordinary brokerage execution.

What are the Pros of FXTM?

The main strengths are a long-established brand, clear current entity disclosures, segregated-fund disclosures, MetaTrader support and a broad range of account structures.

For active comparison purposes, the most important concrete advantages are the current Advantage account uses raw spreads from 0.0 pips with FX commission of $3.50 per lot per side, while spread-only account variants start wider and charge no trading commission and FXTM currently supports its mobile app and web experience plus MetaTrader 4 and MetaTrader 5, including automated trading functionality on MetaTrader.

What are the Cons of FXTM?

The main drawbacks are most retail clients do not receive UK/EU-style statutory compensation protection, and the international service can advertise leverage far above major-market retail caps.

A prospective client should also account for jurisdiction differences: The legal entity, maximum leverage, available products, payment methods and complaint routes vary materially by country. Do not assume a group permission or historical UK/Cyprus licence applies to a current global retail account.

What are the FXTM Current Promos?

FXTM’s current value proposition is account choice and high-volume/raw-spread pricing, not a verified universal deposit bonus.

Value areaWhat visitors should compareCaveat
Advantage accountRaw spreads from 0.0 pips plus commissionAdd both spread and commission to compare all-in cost
Rewards / Rewards PlusWider spread-style account structuresLower entry may mean higher trading cost
MT4 / MT5 accessPlatform choice and Expert Advisor supportAvailability can differ by account/entity
Local campaignsAny offer shown in onboardingMust match country, legal entity and account type

Do not treat old FXTM bonus pages as current unless the live country-specific onboarding flow confirms them.

What are the FXTM Highlights?

Key 2026 highlights include Mauritius Investment Dealer licence C113012295, FSCA FSP 50320, Kenya CMA licence 135, segregated client-fund disclosures, MT4/MT5 and raw-spread pricing from 0.0 pips on Advantage. These are more useful than marketing slogans because they directly affect pricing, market access, platform capability or client protection.

What is the FXTM Origin Story?

FXTM states that the brand has operated since 2011 and is now part of the Exinity group.

Is FXTM Legit and Trustworthy?

Yes, FXTM is an established legitimate financial-services provider. the current official site consistently identifies Exinity Limited and its Mauritius and South African permissions, while the Kenya entity is separately disclosed. The principal risk is not identity ambiguity but the materially different protection level between entities.

That does not make every account equally protected; The legal entity, maximum leverage, available products, payment methods and complaint routes vary materially by country. Do not assume a group permission or historical UK/Cyprus licence applies to a current global retail account.

Is FXTM Regulated and who are the Regulators?

Yes, but FXTM is a multi-entity Exinity brand and the current regulatory set must be separated from historical licences. For the main current FXTM service, Exinity Limited is regulated by the Mauritius Financial Services Commission as an Investment Dealer under licence C113012295. The same Exinity Limited also holds South African FSCA FSP 50320 and is disclosed as an OTC Derivative Provider. Exinity Capital East Africa Ltd is regulated by Kenya's Capital Markets Authority under non-dealing online foreign-exchange broker licence 135. Exinity Global Financial Services L.L.C. holds UAE federal Capital Market Authority/SCA licence 20200000270, Category 5 Promotion and Introduction; that permission is an introducing/promotional role and must not be described as the executing FXTM brokerage licence. Exinity UK Limited is a current FCA-authorised Exinity group company under FRN 777911, but a Mauritius, South African or Kenyan FXTM account does not inherit FCA protection merely because the UK company is in the same group.

A former EU relationship is retained explicitly because it is important historical context. Forextime Ltd formerly held CySEC CIF licence 185/12. CySEC's former-firm register and decision record show that the authorisation was withdrawn after the company voluntarily renounced it, with the withdrawal decision dated 20 May 2024. That licence must therefore be shown as former/withdrawn rather than omitted, but it must not be presented as current CySEC protection for new FXTM accounts.

Client-fund safeguards and compensation remain entity-specific. FXTM states that client money is segregated for its current brokerage service. We did not verify a UK/EU-style statutory investor-compensation scheme for the Mauritius or South African FXTM route, and the UAE Category 5 relationship is not itself an executing-broker compensation framework. Any FSCS protection potentially attached to Exinity UK Limited applies only where that UK entity and an eligible covered product actually form the client relationship.

Belgian availability cannot be inferred from FXTM's global restriction list. Belgium is not expressly named on the current Exinity Limited exclusion list, but we found no first-party page that affirmatively confirms Belgian onboarding. More importantly, FXTM's core leveraged OTC forex/CFD proposition is not suitable for Belgian consumers because the FSMA prohibits distribution of rolling-spot forex and leveraged OTC CFDs. FXTM also publishes a cash-stock account in some markets, but no Belgium-specific eligibility for that non-CFD product was verified. Broker Fit therefore leaves overall Belgian availability as unknown, marks the leveraged forex/CFD products unavailable, and suppresses the Belgian Open Account CTA until a suitable Belgian product/onboarding route is explicitly verified.

Verified regulators and legal entities
RegulatorLegal entityLicence / statusOversight rating
CMA KenyaCapital Markets Authority KenyaExinity Capital East Africa LtdKenya FXTM online-forex routeLicence 13574/100Moderate oversight
CySECCyprus Securities and Exchange CommissionForextime LtdHistorical EU FXTM entity; not a current CySEC account routeLicence 185/1289/100Strong oversight
FCAFinancial Conduct AuthorityExinity UK LtdCurrent UK Exinity group permission; do not transfer FCA protection to a Mauritius FXTM accountLicence 77791198/100Comprehensive oversight
FSC MauritiusFinancial Services Commission MauritiusExinity LimitedMain current global FXTM brokerage entity; authorised for forex, CFDs and other instruments/securitiesLicence C11301229558/100Moderate oversight
FSCAFinancial Sector Conduct AuthorityExinity LimitedSouth African financial-services and OTC-derivative permission attached to Exinity LimitedLicence 5032082/100Strong oversight
SCA/CMASecurities and Commodities AuthorityExinity Global Financial Services L.L.C.Promotion and introduction only; not the executing FXTM brokerLicence 2020000027087/100Strong oversight

Did FXTM win any Awards?

No current awards were verified in the official source set used for this FXTM review. Awards will only be listed here when the award name, awarding organisation, year and broker entity can be verified from a reliable source.

What type of Forex Broker is FXTM?

FXTM is an OTC forex/CFD broker, with a separate cash-equity product on selected accounts; it is not a prop-firm challenge or fixed-return platform.

How do I get in Contact with FXTM?

Contact FXTM through the official FXTM contact page, logged-in MyFXTM area or regional support route.

RouteBest use
MyFXTM / logged-in portalAccount-specific documents, payments and withdrawals
Contact pageRegional phone/email/live support options
FAQ / Help materialAccount conditions, commissions, funding and platform setup
Entity-specific complaints routeFormal escalation to the Exinity company named in the agreement

For funding or withdrawal issues, include the payment method, date, currency, amount and any MyFXTM ticket/reference number.

Where are the Headquarters from FXTM based?

FXTM’s relevant legal office depends on the Exinity entity serving the account.

EntityPublished context
Exinity Limited5th Floor, NEX Tower, Rue du Savoir, Cybercity, 72201 Ebene, Republic of Mauritius
Exinity Capital East Africa LtdWest End Towers, Waiyaki Way, Nairobi route for Kenya-regulated service
UAE promotional entityUAE/SCA Category 5 introduction and promotion entity

The useful visitor check is not “where is FXTM headquartered?” but “which Exinity company is the legal counterparty?”

What kind of Customer Support is offered by FXTM?

FXTM support is centred on MyFXTM, the official contact page and help/FAQ material.

Support needBest route
Account verificationMyFXTM / logged-in document area
Deposit or withdrawalMyFXTM plus payment evidence
Account type / commissionAccount and FAQ pages
Platform setupMT4/MT5 platform guidance and support
Formal complaintThe entity route shown in the client agreement

Use official FXTM domains only; cloned “account manager” contacts are common in the CFD/forex sector.

Which Educational and Learning Materials are offered by FXTM?

FXTM provides broker-produced education and platform learning around forex/CFDs, MetaTrader and account mechanics.

ResourceVisitor value
Education hubTrading concepts and market education
Account pagesUnderstand Rewards, Advantage, MT4/MT5 and commission structures
FAQCommissions, payments, leverage and account conditions
Platform materialMT4/MT5 setup and trading workflow

The most useful educational focus is cost literacy: spread, commission, swaps, leverage and margin liquidation.

Does FXTM hedge Positions?

FXTM execution should be judged through account pricing, spreads, commissions and order handling, not a single marketing label.

AreaPractical meaning
Advantage accountRaw spread plus commission structure aimed at active traders
Rewards-style accountsSpread-led pricing with no separate trading commission in some account variants
MT4 / MT5Platform choice changes tools and automation, not necessarily the legal counterparty
Exinity entityDetermines leverage, permissions, complaint route and protection level

Do not assume each FXTM retail trade is hedged externally one-for-one. Compare slippage, execution terms, spread, commission, swaps and legal entity.

Accounts and eligibility

84/100

Can anyone join FXTM?

Account eligibility depends on residence, KYC/AML checks, sanctions screening, appropriateness/suitability rules and the legal entity available in the client’s country.

Who should sign up with FXTM?

FXTM is best suited to experienced forex/CFD traders who value MetaTrader, broad market access and raw-spread pricing and who are comfortable checking the exact Exinity entity serving their jurisdiction

Who should NOT sign up with FXTM?

FXTM is a weaker fit for clients who require FCA/EU retail compensation protection or who may misunderstand very high offshore leverage as a safety benefit

Does FXTM offer Discounts, Coupons, or Promo Codes?

Any rebate, loyalty or volume program should be assessed separately from standard spreads, commissions and financing costs.

Which Account Types are offered by FXTM?

Current FXTM pages show several account variants, including Rewards/Rewards Plus, Advantage and region-specific Micro or stock accounts. The live account page for the client’s country controls because minimums and leverage can differ by locale.

How to Open a FXTM LIVE Account?

To open a live account, start at the verified official FXTM domain, select the correct country/entity, submit identity and residency information, complete KYC/appropriateness checks and fund only through a payment method in your own name. The broker must complete identity, residency and suitability/appropriateness checks before regulated products are enabled.

How to Open a FXTM DEMO account?

A demo account is available for platform practice; simulated execution and balances are not evidence of future live performance.

If I violate the Trading Objectives of FXTM do I get a second chance?

FXTM is not a proprietary-trading challenge, so there are no 'trading objectives' whose breach automatically terminates a funded challenge. Normal account restrictions instead come from margin rules, product permissions, suitability checks and the client agreement.

How Are You Protected as a Client at FXTM?

FXTM states client funds are segregated from company operating money. Statutory compensation and complaint protections depend on the contracting legal entity and should be verified before funding.

What are FXTM AML ID requirements?

KYC/AML checks apply. Payment ownership and withdrawal verification can require additional evidence, and the account holder should use payment methods in the same legal name.

Deposits, withdrawals and fees

86/100

Which Deposit and Withdrawal options are available at FXTM?

Funding and withdrawals are handled through the authenticated FXTM account environment and remain subject to KYC, source-of-funds checks, payment-method availability and local rules.

Which Funding methods or Deposit Options are available at FXTM?

Deposit and withdrawal methods are country-specific. FXTM states that it does not charge its own deposit/withdrawal fee, although banks, cards or payment providers can apply charges.

What is the Minimum Deposit Amount at FXTM?

Current international pages show entry points that vary by account: Rewards Plus from about $100, Rewards around $200 and Advantage around $500 on the current global account overview, while some regional pages publish different values. Verify the amount shown during onboarding.

Which Withdrawal methods are available at FXTM?

Deposit and withdrawal methods are country-specific. FXTM states that it does not charge its own deposit/withdrawal fee, although banks, cards or payment providers can apply charges.

How can I Withdraw Money from FXTM Step by Step?

Submit withdrawals from the authenticated client portal, select an eligible verified method and complete any additional source-of-funds or identity checks requested. Processing time then depends on the broker and payment rail.

Does FXTM Payout?

FXTM is a trading broker rather than a fixed-return payout service. Withdrawals depend on available free margin, KYC/AML completion and payment-provider settlement.

Which Fees are charged by FXTM?

Advantage FX pricing uses spreads from 0.0 pips plus $3.50 per lot per side ($7 round turn). Spread-only accounts charge no trading commission but start with wider spreads. Swaps can apply to overnight positions, and FXTM states it does not itself charge deposit or withdrawal fees, though payment providers may.

Trading conditions and platforms

86/100

What can I trade with FXTM?

Depending on entity and account, FXTM offers forex, metals, commodities, indices, stock CFDs, ETF CFDs, cryptocurrency CFDs and, on a dedicated stock account, selected US cash equities.

Which Trading Platforms are offered by FXTM?

FXTM supports MetaTrader 4, MetaTrader 5, the FXTM mobile app and web account/trading tools. MT4/MT5 can support Expert Advisors subject to the applicable account rules.

Which Trading Instruments are offered by FXTM?

Depending on entity and account, FXTM offers forex, metals, commodities, indices, stock CFDs, ETF CFDs, cryptocurrency CFDs and, on a dedicated stock account, selected US cash equities.

Which Trading Servers are offered by FXTM?

Platform/server credentials are assigned by the broker after account creation; clients should use only server names supplied through the authenticated portal.

Which are the Base Currencies supported by FXTM?

Supported account base currencies vary by account type and legal entity and are shown during account creation.

Can I trade Crypto with FXTM? Which crypto currencies are supported by FXTM?

Crypto availability is jurisdiction-specific and, where offered by a CFD broker, normally represents derivative price exposure rather than transferable ownership of coins.

What is the Leverage on my FXTM Trading Account?

The international site can advertise leverage up to 1:3000 or higher on selected account variants. Such figures are entity- and product-specific and must not be presented as UK/EU retail limits.

How can I change the Leverage on my FXTM Trading Account?

Clients cannot override statutory retail leverage caps. Any selectable leverage is constrained by entity, instrument, equity and client classification.

What kind of Spreads are offered by FXTM?

Current FXTM marketing states spreads from 0.0 pips on Advantage. Rewards-style spread-only accounts start higher; actual spreads are floating and instrument-specific.

Does FXTM offer MAM Accounts or PAMM Accounts?

A retail account should not be assumed to permit discretionary management of third-party funds. Any MAM/PAMM or money-management arrangement requires separate verification and appropriate authorisation.

Does FXTM allow Expert Advisors?

Algorithmic trading availability depends on platform and account type; MetaTrader accounts generally support Expert Advisors where the broker permits automated strategies.

Does FXTM offer Copytrading?

Copy/social-trading availability is platform- and jurisdiction-specific and should be checked separately from the broker’s core execution service.

Sources

Last reviewed September 1, 2026. Product availability, leverage, pricing and client protection can differ by country and legal entity.

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