FXTM (ForexTime) Review 2026
FXTM (ForexTime, part of Exinity) is a forex and CFD broker whose active retail routes run through FSC Mauritius, FSCA and CMA Kenya entities, with a UAE Category 5 licence. Its UK entity, Exinity UK Ltd, stopped trading services on 7 April 2026 and closed accounts on 17 June 2026.
- 63 / 100
- Compliant
- Cyprus
- FCA
- CMA Kenya
- FSCA
- FSC Mauritius
- SCA UAE
- Min. Deposit
- $500
- Max. leverage
- 1:3000 Advantage; up to 1:5000 other accounts
- Spread From
- 0.0 pip
- Commission
- $7/lot
- Trading platforms
- MetaTrader 4, MetaTrader 5 and FXTM Invest-style copy trading where available.
Key features
- MT4/MT5 account coverage
- Copy-trading style investment features
- Advantage raw-spread account from $500 with $7 round-turn commission
- Regional support across Africa, MENA and Asia
Regional coverage
FXTM's footprint is now Africa, MENA and Asia. UK and EU residents have no current FXTM retail route. Product access and leverage depend heavily on the onboarding entity.
Investor protection
Active retail routes are FSC Mauritius, FSCA and CMA Kenya, none of which offers FSCS- or ICF-style compensation. The UK FCA entity no longer serves clients, and ForexTime Ltd's CySEC licence was withdrawn on 20 May 2024 after the firm renounced it.
Licenses and Legal Entities
Match the legal entity and license number below against the account agreement before you deposit.
SCA UAE · License No. 20200000270
Exinity Global Financial Services L.L.C. · UAE (Category 5 introducing licence)
FCA · License No. 777911
Exinity UK Limited · United Kingdom (trading stopped 7 Apr 2026; accounts closed 17 Jun 2026)
Trading conditions
- Min. Deposit
- $500
- Spread From
- 0.0 pip Raw
- Commission
- $7/lot
- Max. leverage
- 1:3000 Advantage; up to 1:5000 other accounts
- Islamic
- Yes
- Trading platforms
- MetaTrader 4, MetaTrader 5 and FXTM Invest-style copy trading where available.
Spreads shown are minimum values from the lowest-spread account type. Actual spreads vary by account, instrument, and market conditions. Islamic (swap-free) account availability may depend on your region and entity. Always verify directly with the broker.
8-pillar score
Weighted /100
Pros
- Multiple legal entities are documented, so you can match the company in the client agreement.
- Advertises raw / 0.0-pip pricing on at least one account path.
- Islamic / swap-free accounts are published as available in supported regions.
- Both MetaTrader 4 and MetaTrader 5 are listed.
- Copy or social trading is listed where the entity offers it.
Cons
- At least one offshore entity is in the group. Protection and leverage follow that company, not the brand name.
- Retail leverage is capped near 1:30 on the UK/EU/AU-style entities listed here.
Usually not for
- Traders who will only execute from TradingView.
- US residents who need a CFTC/NFA retail forex broker.
How do I choose a licensed forex broker?
Choose the entity licensed where you live — FCA (UK), CySEC (EU), ASIC (Australia) or DFSA (Dubai/Gulf) — and match its license number to the client agreement before you deposit.
Detailed explanation
A brand is not a license. Compensation, leverage caps and complaints follow the company that opens the account. CySEC covers the EEA (Cyprus ICF). FCA sits under UK rules and the FSCS. ASIC serves Australian retail clients. DFSA serves the DIFC. Offshore entities such as FSA Seychelles or FSC Belize sit outside those schemes.
Example
A UK account under an FCA-authorised company can use the Financial Ombudsman and, if the firm fails, the FSCS (up to £85,000). The same brand’s Seychelles entity would not.
Common mistake
Treating a CySEC, FCA or ASIC logo on a landing page as proof that your account is covered. Many groups onboard international clients through an offshore company. If the agreement names that company, the EU, UK or Australian compensation scheme does not apply.
Professional tip
Search the official register by license number, not only by brand. Confirm the status is authorised or active, that forex or CFDs are listed, and that the legal name matches the agreement before the first deposit.