About FXTM
Overview
FXTM is a trading name registered in the United Kingdom, with a corporate address at 35, Lamprou Konstantara, FXTM Tower, Kato Polemidia, 4156, Limassol, Cyprus. According to our records, the entity was founded on 11 February 2022. The official domain listed is fxtm.info.
Our records indicate that FXTM holds two regulatory licences: one from the Cyprus Securities and Exchange Commission (CYSEC) and one from the Financial Sector Conduct Authority (FSCA) of South Africa. The CYSEC licence is for Market Making (MM) activities, and the FSCA licence is a Derivatives Trading License (EP). The specific licence numbers are not published in our records, though the regulators are named.
Regulatory Status
FXTM is regulated by two authorities: the Cyprus Securities and Exchange Commission (CYSEC) and the Financial Sector Conduct Authority (FSCA) of South Africa. The CYSEC licence covers Market Making (MM) activities, while the FSCA licence is for Derivatives Trading (EP). The licence numbers are not disclosed in our records.
However, our records also flag FXTM as a 'Fake Broker' in industry watchdog records and identify it as a clone or impersonator firm. This is a significant concern, as it suggests the entity may not be operating legitimately despite the listed licences. We cross-checked the licences against public registers, but the information available is limited.
Products and Services
Due to the lack of verifiable web presence and the 'Fake Broker' flag, we cannot confirm the specific products or services FXTM offers. The official domain fxtm.info does not appear to be operational, and no reliable information about trading platforms, account types, or instruments is available.
In the absence of official website content, we cannot describe the broker's offerings. This absence of public information is itself a cautionary sign for traders, as legitimate brokers typically provide detailed information about their services.
Target Audience
Given the regulatory licences for Market Making and Derivatives Trading, FXTM may have intended to target retail forex and CFD traders. However, the 'Fake Broker' flag and the lack of a verifiable website suggest that any such targeting is not backed by a legitimate operational presence.
We advise traders to exercise extreme caution when considering any engagement with FXTM, as the risk of fraud or misrepresentation appears high based on our records.
Risk Assessment
FXCanary's Scam Risk Score for FXTM is 85 out of 100, indicating a severe risk. The risk flags include being listed as a 'Fake Broker' in industry watchdog records, being identified as a clone or impersonator firm, and having no verifiable website or social-media presence.
These flags are critical red flags. A legitimate broker would typically have a transparent online presence and verifiable regulatory status. The combination of these factors suggests that FXTM may not be a safe counterparty for traders.
Conclusion
In summary, FXTM is a broker registered in the UK with licences from CYSEC and FSCA, but our records indicate it is flagged as a fake broker and a clone. The lack of a verifiable website and the severe risk score underscore the need for caution.
We recommend that traders avoid engaging with FXTM until its legitimacy can be clearly established. Independent public information is limited, and the available evidence points to significant risks.
Overview compiled by FXCanary from regulatory records and public data. full FXTM review