About FXTM
Overview
FXTM Limited, operating under the domain futuotiiw.com, is a company registered in Hong Kong, with a founding date of 18 February 2022. The registered address is listed as 香港中環金融街8號國際金融中心二期 (Two International Finance Centre, 8 Finance Street, Central, Hong Kong).
Our records indicate that FXTM Limited holds two licences on file: one from the Cyprus Securities and Exchange Commission (CYSEC) and one from the Financial Sector Conduct Authority (FSCA) of South Africa. However, the status of these licences is not specified in our records, and the licence numbers are not published in our files.
Regulatory Status
The company is listed as holding a Market Making (MM) licence from CYSEC in Cyprus and a Derivatives Trading License (EP) from FSCA in South Africa. The licence numbers are not disclosed in our records, and we cannot verify their current validity.
It is important to note that the company's registration in Hong Kong, combined with the regulatory licences from Cyprus and South Africa, presents a complex regulatory picture. Traders should exercise caution and independently verify the status of these licences with the respective regulators.
Risk Flags
FXCanary's records flag FXTM Limited with a Scam Risk Score of 85 out of 100, indicating a severe risk. The company is listed as a 'Fake Broker' in industry watchdog records and has been identified as a clone or impersonator firm.
Additionally, there is no verifiable website or social-media presence beyond the official domain, which is a significant red flag. The lack of independent user reviews and the absence of employee records further complicate any assessment of the company's legitimacy.
Products and Services
Due to the limited public information and the risk flags, we cannot provide a detailed description of the products or services offered by FXTM Limited. The official domain futuotiiw.com does not appear to be operational, and no account types, trading platforms, or instruments are disclosed in our records.
Traders should be aware that the lack of transparency regarding the company's offerings is itself a cautionary sign. Without verifiable information, it is impossible to assess the suitability of this broker for any trading activity.
Target Audience
Given the severe risk flags and the absence of verifiable information, FXTM Limited does not appear to target any specific audience. The company's registration in Hong Kong and its purported regulatory licences suggest an intention to operate in the forex and CFD space, but the lack of a functional website and the clone warnings indicate that this may not be a legitimate operation.
We advise traders to avoid engaging with this entity until its regulatory status and business practices are clarified.
Overview compiled by FXCanary from regulatory records and public data. full FXTM review