Broker Review · last checked July 2, 2026
FXTM Review
FXTM operates under Exinity Limited, which is regulated by Mauritius FSC and authorised by South Africa’s FSCA. This review examines the broker’s official claims on verification, withdrawals, platform access, and country restrictions, highlighting what you need to check before registering.
- Official broker and policy pages checked
- Regulation details cross-checked against broker disclosures
- Funding, platform, and withdrawal rules reviewed from primary sources
FXTM at a glance
Listing status: Eligible With Caution · regulated, fca, low minimum deposit, mt4
Our verdict
FXTM appears to be a legitimate broker with transparent disclosures on licensing, client verification, and funding rules. However, the protections and available products depend heavily on the specific legal entity and your country of residence. Before funding your account, confirm which FXTM entity manages your account, what investor protections apply, and whether your jurisdiction is accepted. This is especially relevant since FXTM excludes some countries, including the USA and UK, from service under Exinity Limited.
Who this broker suits
- Readers who want a broker with explicit legal-entity disclosure and visible regulatory claims
- Users who prefer MetaTrader 4 or MetaTrader 5 alongside a proprietary mobile app
- Traders who value published withdrawal and fee policy details before opening an account
- You need a broker that accepts U.S. residents
- You want a broker with strong third-party reputation signals
- You prefer a simpler funding model with fewer method-dependent withdrawal conditions
Entity and regulation table
| Entity / brand | Regulatory status | Regulator / register | Evidence notes |
|---|---|---|---|
| Exinity Limited | Regulated by FSC Mauritius; FSCA-authorised | FXTM legal page; FSC Mauritius / FSCA | Reg. no. C119470 C1/GBL; FSC Mauritius investment dealer licence C113012295; FSCA FSP 50320. |
| Exinity Works (CY) Ltd | Not a regulated financial firm | FXTM legal page | Reg. no. HE 351684; FXTM says it does not engage in regulated financial or investment activities. |
| Forextime Ltd | Former Cyprus CIF — voluntary renunciation | CySEC public register | Licence 185/12; status listed as voluntary renunciation; company reg. no. 310361. |
| FXTM brand website | Broker website / support centre | Official website | FXTM consumer brand site at fxtm.com; official licensing page and support/help content. |
Key facts
| Topic | What FXTM’s official pages say |
|---|---|
| Founded / brand longevity | FXTM says it has been trusted since 2011. |
| Platforms | MetaTrader 4, MetaTrader 5, and FXTM’s mobile app are listed. |
| Minimum deposit | FXTM says the requirement varies by account type and payment method; one page says $200 can get you started on Advantage or Advantage Plus accounts. |
| Withdrawal timing | FXTM says funds are released within 24 business hours of a withdrawal request. |
| Withdrawal fees | A fee may depend on the payment method; FXTM also says a 3% fee can apply if no trade has been placed since the last deposit. |
| Verification | FXTM says identity and proof of residence are required before deposits and full account functionality. |
| Country availability | FXTM says service availability depends on country of residence and lists multiple restricted jurisdictions. |
These are official disclosures, not guarantees of execution quality, spreads, or trading outcomes.
Alternatives to FXTM
| Broker | Comparison score | Regulator signals | Platforms | Why compare | Review |
|---|---|---|---|---|---|
 XTB | 75.5 | FCA, CySEC, KNF | xStation, xStation mobile app | Readers who want a broker with publicly disclosed multi-jurisdiction regulation, Users who value transparent fee pages and entity-level lega | Read review |
 Capital.com | 73.5 | CySEC, Securities Commission of The Bahamas | Proprietary web platform, Mobile app, TradingView | Readers who want a broker with clear public legal-entity and regulator disclosures, Users looking for a proprietary web/mobile platform plus | Read review |
 Colmex Pro | 70 | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (South Africa) | Colmex Pro 2.0, MT4, Web Trader | Readers who want a CySEC-listed broker with publicly verifiable entity details, Traders comparing U.S. equities-focused platforms and MT4 av | Read review |
 CMC Markets | 69.5 | FCA | Next Generation, MT4, MT5 | Traders who want a well-documented broker with clear public legal disclosures, Users who value proprietary platform depth alongside MT4/MT5 | Read review |
 Interactive Brokers | 68 | SEC, FINRA | IBKR Desktop, IBKR Mobile, Trader Workstation (TWS) | Experienced traders who want a broad platform lineup, Users who value detailed public disclosures, Clients who want multiple funding and acc | Read review |
Alternatives are sorted by the TopOnlineForexBrokers comparison score as of July 2, 2026. The score is not a safety guarantee.
Overview
FXTM has been active for years as a trading brand linked to Exinity Limited. According to public information, Exinity Limited is regulated by the Financial Services Commission of Mauritius and holds a licence from South Africa’s Financial Sector Conduct Authority. Meanwhile, another FXTM entity based in Cyprus is not regulated and does not conduct regulated financial activities. FXTM requires clients to complete verification before deposits and enforces withdrawal rules that may incur fees. When comparing brokers, it’s crucial to identify which FXTM legal entity you will open an account with and what country restrictions apply.
Pros and cons
Pros include clearly displayed licensing information, support for MetaTrader 4 and 5 platforms, publicly available withdrawal and verification policies, and explicit statements on country restrictions. Cons are the lack of a simple minimum deposit figure—this varies by account type and payment method—possible withdrawal fees in some cases, and a legal entity structure that means protections and service availability are not uniform.
Safety and regulation
FXTM’s site states it operates under Exinity Limited, regulated by Mauritius’ FSC with licence number C113012295 and authorised by South Africa’s FSCA under FSP No. 50320. It also confirms that Exinity Works (CY) Ltd is not involved in regulated financial activities. FXTM advises clients to verify if services are allowed in their country and lists regional restrictions, including for the USA and UK. Since broker names and jurisdictions can be confusing, checking for public warnings from regulators is a wise step before account opening.
Fees, accounts, and platforms
Minimum deposits at FXTM vary depending on account type, payment method, and margin requirements. One help page suggests a $200 minimum on Advantage or Advantage Plus accounts; however, this is not a universal rule. The broker supports MetaTrader 4, MetaTrader 5, and its own mobile app, accessible via desktop, browser, and mobile devices. Withdrawal fees may apply depending on the payment method, including a 3% fee if no trades have occurred since the last deposit. There is also mention of a $3 fee for deposits or withdrawals under $30 or equivalent in some cases.
Deposits and withdrawals
FXTM requires account verification before accepting deposits. Withdrawals generally follow a closed-loop policy, meaning funds are returned to the original payment source before other verified methods can be used. Withdrawal requests are typically processed within 24 business hours, but actual arrival times depend on the payment method. These operational details are important to understand, as delays in funding are a common source of frustration for new traders.
Common questions
Is FXTM safe?
FXTM is a genuine broker brand with official licences, but ‘safe’ depends on the legal entity serving you and the regulatory environment it operates in. Make sure you understand the product and withdrawal terms before you fund your account.
What is FXTM regulated by?
Exinity Limited, the company behind FXTM, is regulated by Mauritius’ Financial Services Commission and licensed by South Africa’s Financial Sector Conduct Authority. Always verify the specific entity and registration details before opening an account.
What is the FXTM minimum deposit?
There is no single minimum deposit across all FXTM accounts. The amount depends on your chosen account type, payment method, and margin requirements. One FXTM page indicates a $200 minimum for Advantage or Advantage Plus accounts.
Which platforms does FXTM support?
FXTM offers MetaTrader 4, MetaTrader 5, and its own FXTM mobile trading app, available on desktop, browser, and mobile devices.
How do FXTM withdrawals work?
Withdrawals usually follow a same-method-out principle, returning funds to the original deposit source first. Verification is mandatory, and withdrawals are typically processed within 24 business hours, though timing depends on the payment method.
Does FXTM charge fees?
Fees vary by payment method. A 3% withdrawal fee applies if no trades have taken place since the last deposit, and there may be a $3 fee for deposits or withdrawals below $30 or equivalent in some cases.
Can traders in the US open an FXTM account?
Exinity Limited does not serve residents of the USA. US traders should not assume FXTM availability and should seek brokers explicitly licensed for their jurisdiction.
Check the details yourself
These are the pages we relied on. Read them before you open an account or send money anywhere.