FXTM operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing. We’ve logged 8 complaint(s) from United States.

Moderate risk

Scam Risk Scoremonitored · 2026-07-28

Lower riskHigher risk

16 user exposure/complaint reports filed
Withdrawal complaints in ~32% of recent reviews

Exit Risk

62/100

18 reviews in the last 3 months, 67% negative, 6 withdrawal complaints

How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

Factor	Score	Weight
Regulation & licensing	38	35%
Company age	22	15%
Clone / impersonation	0	12%
Withdrawal & exposure complaints	100	12%
Offshore registration	10	8%
Transparency (site/info/social)	0	10%
Real-user sentiment	50	8%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company

Legal nameExinity Limited

Headquarters🇬🇧 United Kingdom

Founded2017-09-13

Years operating5-10 years

Employees0

Official websitefxtm.com

Trading conditions

Avg execution speed131 ms AAA

Avg slippage-6.4 AAA

Swap ratingAAA

Trading cost ratingAA

Monitored traders5,968

Monitored orders8,669

Funding & instruments

Deposit methods6 · Bank, transfer

Withdrawal methods · --

Instrumentsforexcommoditiesmetalsindicesetf cfdsstock cfdscash equitiescryptos

Registered address

5th Floor, NEX Tower, Rue du Savoir, Cybercity, 72201 Ebene, Republic of Mauritius

Regulation & licenses · 3

Regulator	License type	License No.	Region	Status
FSCA	Derivatives Trading License (EP)	50320	South Africa	Regulated
FSC	Securities Trading License (EP)	C113012295	Mauritius	Regulated
CMA	Forex Execution License (STP)	135	Kenya	Regulated

Account types · 2

Account	Max leverage	Min. deposit	Min. spread	Commission	EA
ADVANTAGE PLUS	1:3000	--	From 1.5	--	✓
ADVANTAGE	1:3000	--	From 0.0	Average of $0.4-$2 based on volume	✓

Full reviewIn-depth editorial analysis Scam or safe?Risk score & red flags AccountsTypes · min deposit · how to open Deposit & withdrawalMethods · payout reliability

Review analysis AI

The overall sentiment from real reviews is strongly negative, with the majority of complaints centered on withdrawal difficulties, excessive fees, and poor customer support. Many users report being charged multiple fees to release profits, encountering inactivity penalties up to $120, and receiving misleading bonus offers. While a minority praise fast execution and reliable deposits, these are overshadowed by widespread allegations of dishonesty and scam-like practices.

Best for

Indian forex traders seeking a broker accepted in their region
Traders who can avoid inactivity fees by trading regularly
Users who prioritize fast deposit processing

Not for

Traders who want transparent fee structures
Those who prefer no forced trading activity requirements
Traders who value responsive customer support

Period:

What users complain about

Where reviewers are from

🇳🇬 NG58

🇦🇪 AE21

🇲🇾 MY18

🇿🇦 ZA13

United States11

🇺🇸 US9

Positive vs negative · last 12 months Pos Neg

Jul

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Real user reviews

Where FXTM operates

Active across 71 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇳🇬 Nigeria

🇰🇪 Kenya Licensed

🇺🇸 United States 8 complaints

🇵🇰 Pakistan

🇮🇳 India 1 complaint

🇿🇦 South Africa Licensed

🇻🇳 Vietnam

🇦🇪 United Arab Emirates 2 complaints

🇵🇭 Philippines

🇹🇼 Taiwan

🇨🇦 Canada

🇭🇰 Hong Kong

🇲🇾 Malaysia

🇺🇬 Uganda

🇩🇪 Germany

🇧🇷 Brazil

🇹🇷 Turkey 2 complaints

🇪🇬 Egypt

🇲🇺 Mauritius Licensed

🇯🇵 Japan 1 complaint

🇰🇷 South Korea 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What FXTM says about itself as stated by the broker · not independently verified by FXCanary

Company Overview

FXTM, also known as Forex Time, states that it is a global forex and CFD broker founded in 2011. The company claims to offer a variety of trading instruments including forex, metals, commodities, stocks, indices, cryptocurrencies, and CFDs.

Regulation

According to the broker, it is regulated by the Financial Conduct Authority (FCA) in the UK and the Financial Services Commission (FSC) in Mauritius. Additional licenses include the FSCA in South Africa and CMA in Kenya.

Account Types

FXTM offers two main account types: Advantage Plus and Advantage. The Advantage Plus account features spreads from 1.5 pips with no commission, while the Advantage account offers spreads from 0.0 pips with an average commission of $0.4–$2 per lot. Both accounts provide leverage up to 1:3000 and access to forex, commodities, metals, indices, ETF CFDs, stock CFDs, cash equities, and cryptocurrencies.

Trading Instruments

The broker advertises access to forex, commodities, metals, indices, ETF CFDs, stock CFDs, cash equities, and cryptocurrencies. It offers variable spreads, with spreads close to 0 pips on certain accounts.

Deposit Methods

FXTM states that clients can fund their accounts via bank transfer. Withdrawal methods are not explicitly disclosed but are presumably aligned with deposit options.

About FXTM

Overview

FXTM (Forex Time) is a global forex and CFD broker operating under the legal entity Exinity Limited, registered in Mauritius. Founded in 2011, the broker has a presence in multiple jurisdictions and offers online trading services to retail and institutional clients worldwide. Its registered address is 5th Floor, NEX Tower, Rue du Savoir, Cybercity, 72201 Ebene, Republic of Mauritius.

Regulation

FXTM holds multiple regulatory licenses. It is regulated by the Financial Services Commission (FSC) in Mauritius under license number C113012295, the Financial Sector Conduct Authority (FSCA) in South Africa under license number 50320, and the Capital Markets Authority (CMA) in Kenya under license number 135. These licenses authorize the broker to offer securities trading, derivatives trading, and forex execution services respectively.

Account Types

The broker offers two main trading accounts: Advantage Plus and Advantage. The Advantage Plus account has spreads starting from 1.5 pips with no commission, while the Advantage account offers spreads from 0.0 pips with an average commission of $0.4 to $2 per lot based on trading volume. Both accounts provide maximum leverage of up to 1:3000 and access to a wide range of instruments including forex, commodities, metals, indices, ETF CFDs, stock CFDs, cash equities, and cryptocurrencies. Minimum deposit requirements are not explicitly disclosed.

Trading Platforms & Instruments

FXTM provides access to popular trading platforms such as MetaTrader 4 and MetaTrader 5. The broker offers a diverse range of tradable instruments covering forex pairs, commodity CFDs, precious metals, global indices, ETF CFDs, stock CFDs, cash equities, and cryptocurrency CFDs. The broker claims to offer variable spreads, with spreads close to 0 pips on Advantage accounts.

Deposits & Withdrawals

Clients can fund their accounts via bank transfer. Withdrawal methods are not specified in the provided data, but the broker may offer additional methods. It is advisable to verify available options directly with the broker.

Target Audience

FXTM caters to both novice and experienced traders, with educational resources mentioned in some user reviews. The high leverage and wide product range may appeal to traders looking for flexibility, but potential fee structures and inactivity charges should be considered before committing.

Overview compiled by FXCanary from regulatory records and public data. full FXTM review

FXTM

Regulation & licenses · 3

Account types · 2

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Real user reviews clear filter ✕

Where FXTM operates

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Company Overview

Regulation

Account Types

Trading Instruments

Deposit Methods

About FXTM

Overview

Regulation

Account Types

Trading Platforms & Instruments

Deposits & Withdrawals

Target Audience

Real user reviews