FXTM

FXTM, operating as FXTM on the domain ft-fx-intl.net, is a relatively new entity registered in Cyprus on 14 April 2023. The broker claims to offer forex and CFD trading services, targeting retail traders. Its registered address is at Ioannis Stylianou, 6, Floor 2, Flat 202, 2003 Nicosia, Cyprus.

Despite the name FXTM, which closely resembles the well-established broker ForexTime (also known as FXTM), this entity appears to be a separate legal entity with a different registration date and domain. Traders should exercise caution, as the similarity in name may be intentional to confuse.

According to the known facts, FXTM claims regulation by three authorities: the Cyprus Securities and Exchange Commission (CYSEC), the Financial Conduct Authority (FCA) of the United Kingdom, and the Financial Sector Conduct Authority (FSCA) of South Africa. The CYSEC licence is for market making (MM), the FCA for forex execution (STP), and the FSCA for derivatives trading (EP).

However, our cross-referencing with official registers indicates that these licences are not verified for this specific domain. The legitimate ForexTime (FXTM) is indeed regulated by these bodies, but this entity's claims remain unconfirmed. The recent registration date and the domain ft-fx-intl.net raise red flags about legitimacy.

No specific details about account types, trading platforms, instruments, or funding methods are available from the known facts or public sources for this broker. The absence of transparent information is a significant concern for potential traders.

Given the lack of independent data, it is unclear what trading conditions FXTM offers. Typically, brokers in this space provide demo accounts, multiple account tiers (Standard, ECN, etc.), and access to platforms like MetaTrader 4/5. Without confirmation, traders should assume nothing.

The FXCanary Scam Risk Score of 85/100 (Severe) indicates a high likelihood of fraudulent activity. This score reflects the unverified regulatory claims, recent registration, and domain name mimicking an established broker.

Traders should be extremely cautious about depositing funds. Segregation of client funds or participation in compensation schemes (like the UK's FSCS or Cyprus's ICF) is not confirmed. In the event of insolvency, recovery of funds may be difficult or impossible.

FXTM (ft-fx-intl.net) presents itself as a forex broker but lacks verifiable regulation and transparent operations. The resemblance to a reputable brand and the severe risk score suggest this is likely a clone or shell entity.

We strongly advise traders to avoid this broker until concrete evidence of regulation and trustworthiness emerges. Always verify licences through official regulator websites and be wary of unsolicited offers or high-pressure sales tactics.