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FXTMProvisional

Forex Broker Profile

FXTM is regulated by FSC, FCA, UNKNOWN offering MT5, MT4, Mobile App with a minimum deposit of $500.

9.1
/10
Engine Readout
▸ How is this computed?

The Engine Readout is an algorithmic 0-10 score derived from public, factual data. It is not an editorial review.

Inputs: regulation tier (40%), Trustpilot rating & volume (20%), years in business (15%), minimum deposit (10%), platform breadth (10%), profile completeness (5%).

A full editorial review unlocks the seven-pillar breakdown (trust, fees, platforms, research, education, support, plus an overall verdict).

Trustpilot2.5/5(1,107)
Regulatorsunknown· claimed, not verifiedFSC· claimed, not verifiedFSCACMA UAE· claimed, not verifiedCK· claimed, not verifiedFCA· not in good standingCMA· claimed, not verifiedFM· claimed, not verified

What these checks prove

  • CMA UAEWe could not find this firm on SCA's register. The UAE's Securities and Commodities Authority publishes a company code rather than a licence number, and its status field reads the same for every listed company. A listing confirms the company is licensed by the SCA; it does not show which activities it may perform, and the majority of SCA licensees are not permitted to broker derivatives or spot foreign exchange.Re-check pending.
  • CKCMA Kenya publishes no status field, so this confirms the firm appears on the register and not that its licence is currently in force. Kenya's Capital Markets Authority publishes no status field, and its licence numbers are issued per licence class and reused once a firm is removed, so a number on its own identifies a class of authorisation rather than a company.
  • FMWe could not find this firm on FSC Mauritius's register. Mauritius's Financial Services Commission publishes no licence number anywhere on its register, so a firm can only be identified by name, and a name search matches partial names as well as exact ones.

Factual Snapshot

FXTM was founded in 2011 and is headquartered in not found. The broker holds licences with unknown, FSC, FSCA, CMA UAE, CMA Kenya, FCA, Capital Market Authority, and FSC Mauritius, placing it within an established regulatory framework. Its official website is fxtm.com.

The minimum deposit to open an account is $100. Maximum leverage offered is 1:5000 (International) (subject to jurisdiction-specific caps). Spreads start from 0.9 pips. Commission structure: $3.5 per lot per side ($7 round turn). Available account types include Advantage MT4, Advantage MT5, Rewards MT4, Rewards MT5, Rewards Plus MT4, Rewards Plus MT5, Advantage Premier MT4, Advantage Premier MT5, Micro MT4, Advantage Stocks MT5.

FXTM supports trading on MT4, MT5, and FXTM App. Tradable instruments include More than 1,000 instruments.

Deposits are accepted via Crypto, bank transfer, card payments, e-wallets (availability varies by entity). Typical withdrawal processing time is Up to 24 business hours.

On Trustpilot, FXTM has an average rating of 2.5/5 across 1,107 user reviews.

This profile is a data-driven summary of publicly available information. For a full editorial review covering execution quality, fees, customer support, and educational content, see our in-depth review when published.

This snapshot is generated from public data. We haven't yet opened an account or run hands-on tests on FXTM.

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Card-tier profiles like this one are auto-generated from public data. Editors prioritize the most-voted brokers for full editorial reviews, opening real accounts, testing execution, and grading on seven criteria.

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Trading Conditions

Min Deposit

$100

Max Leverage

1:5000

Spread From

0.9 pips

Account Types

Advantage MT4 / Advantage MT5 +8

InstrumentsMore Than 1000 Instruments

Platforms

MT4MT5FXTM App
Visit Official Site

Pros

  • ✓Raw spreads from 0.0 pips on Advantage account
  • ✓Leverage up to 1:5000 (International) on select accounts
  • ✓No standard deposit or withdrawal fees in most cases
  • ✓Multiple account types suit different trading styles
  • ✓Swap-free Islamic accounts available on all accounts

Cons

  • ✗Typical spreads for major pairs not disclosed
  • ✗Several claimed regulatory licences could not be verified
  • ✗FCA-linked entity is not authorised or registered
  • ✗Advantage account requires $500 minimum deposit

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Frequently Asked Questions

FXTM operates through multiple entities, but only two regulatory licences could be independently confirmed on public registers. Exinity Limited holds FSCA (FSP 50320) as a Licensed Over the Counter Derivative Provider in South Africa, and Exinity Capital East Africa Limited holds CMA Kenya licence no. 135 as a Non-Dealing Online Foreign Exchange Broker. The broker also claims an FSC Mauritius Investment Dealer License (no. C113012295) and a UAE Capital Market Authority Category 5 licence (no. 20200000270), but searches of both registers returned no matching entries. An FCA-registered entity named "FXTM GLOBAL EXCHANGE" was found as not authorised or registered. Exinity UK Limited could not be verified on any known public register.

FXTM provides three main live account tiers. The Advantage account requires a $500 minimum deposit, delivers spreads from 0.0 pips, and charges $3.5 per lot ($7 round turn). The Rewards account has a $200 minimum, spreads from 0.9 pips, no commission, leverage up to 1:5000 (International), and double cashback. The Rewards Plus account requires $100, spreads from 1.5 pips, no commission, leverage up to 1:5000 (International), and triple cashback with full FXTM Rewards benefits. You may hold up to 10 trading accounts under a single profile.

The highest advertised leverage is 1:5000 (International), associated with the Rewards and Rewards Plus accounts. The Advantage account offers 1:3000 (International) for clients registered under the GB, CY, or AE jurisdictions. Actual leverage caps vary by jurisdiction, instrument, and account equity, so confirm the applicable limit during account setup.

FXTM offers a free demo loaded with up to $20,000 in virtual funds under real-market conditions. The demo remains open indefinitely provided you place at least one trade within the first 14 days; otherwise it is automatically closed. Stock CFDs are not available on the demo, so if equity CFDs are your focus, you will need a funded live account.

FXTM states it does not charge fees on deposits or withdrawals in most cases, though the broker reserves the right to charge banking fees or up to 3% of the withdrawal amount after no trading activity. Your payment provider may also apply its own charges. Your withdrawal method must match the method used for your initial deposit, and the minimum withdrawal amount must exceed the payment system's fee. Withdrawal requests are processed within up to 24 business hours by the broker.