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| Category | Details |
|---|---|
| Tradeable Assets | Forex, metals, commodities, indices, stock CFDs, real stocks (non-EU), crypto CFDs |
| Min Deposit | $200 (varies by region and account) |
| Forex Majors Spread | From about 0.1 pips on EUR/USD plus commission (Advantage) |
| Regulators | FSC (Mauritius), FCA (UK, professional clients only), CMA (Kenya) |
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Funding Methods | Bank transfer, cards, Skrill, Neteller and local methods (varies by country) |
| Currency Pairs | 60+ currency pairs |
| Available Leverage | Adjustable; high leverage available through the Mauritius entity |
| Broker Type | Market maker and ECN-style accounts |
| Founded | 2011 |
| Country | Exinity Group, with entities in Mauritius, the UK and Kenya |
| Free Demo Account | Yes |
| Clients Accepted | Many countries outside the EU and US. UK retail clients are not onboarded. |
| Pricing System | Raw spread plus commission (Advantage) or spread only (Advantage Plus) |
| Inactivity Fee | Yes |
FXTM, short for ForexTime, launched in 2011 and is owned by Exinity Group. It built its name on low-cost MetaTrader accounts and FXTM Invest, a copy trading service that independent reviews report was closed in 2024. Its setup has changed a lot in recent years, though, and many older reviews are out of date.
This review covers where FXTM can and cannot take clients, what its accounts cost and how your money is protected, based on reporting and independent reviews current as of October 2026. Because FXTM’s terms vary by country and entity, confirm the details on its site for where you live.
FXTM was founded in 2011 and grew through its Cyprus entity, which served European clients under a CySEC license. In 2021 it stopped onboarding EU retail clients, and in December 2023 the Cyprus company ceased operations altogether, with its license under voluntary renunciation.
Today the brand runs under Exinity Group, which also operates Alpari International. Its UK company, Exinity UK Ltd, is FCA regulated but serves only professional and institutional clients, while most retail clients join Exinity Ltd, licensed by the Financial Services Commission of Mauritius.
FXTM no longer serves the EU, and it does not accept US clients.
There are no ETFs, bonds, options or futures.
FXTM is a MetaTrader broker. You get MT4 and MT5 on desktop, web and mobile, with full Expert Advisor support. There is no cTrader or TradingView integration. Independent testers rated the mobile setup below average, partly because it lacks two-step and biometric login.
The minimum deposit is around $200 in most regions. Every account can be made swap-free, and a demo account is available.
FXTM accepts retail clients from many countries outside the EU and US through its Mauritius entity. It does not serve EU residents, it does not accept US clients, and its UK company only onboards professional clients. Product availability, such as crypto CFDs, also varies by country.
FXTM no longer offers copy trading. Its FXTM Invest service, which let clients copy Strategy Managers for a share of their profits, was discontinued in 2024, according to independent reviews such as DayTrading.com, and FXTM has not announced a replacement. If copy trading matters to you, look at eToro, AvaTrade or HFM instead, or see our guide to the best copy trading brokers.
Deposits are usually free and card deposits are instant. Methods include bank transfer, cards, Skrill, Neteller and local options, depending on your country.
Withdrawals can carry fees, which vary by method and country. Independent reviewers list about $3 for card withdrawals and between roughly €10 and €30 for bank wires. Card and e-wallet withdrawals are capped at what you deposited by that method, so profits generally come back by bank transfer. Some users report extra verification and delays on withdrawals, so complete your verification before you need your money.
On the Advantage account, FXTM is one of the cheaper MetaTrader options for forex.
FXTM’s regulation is weaker for retail traders than it used to be. Its strongest license, from the UK’s FCA, now only covers professional and institutional clients, and its EU license is being renounced. Most retail clients are with Exinity Ltd in Mauritius, a lighter-touch regulator without a strong investor compensation scheme. FXTM does offer negative balance protection.
Exinity is privately owned and does not publish its finances. If regulation is a priority, brokers with tier-one licenses for retail clients, such as IG or Pepperstone, are safer choices.
FXTM provides market analysis and trading tools that some users rate well, but its education offering is limited. Beginners will want extra learning resources from elsewhere.
Support is available by live chat, email and phone. BrokerChooser found the answers fast and relevant in its testing, although user reviews often describe support as slow or generic, especially around withdrawals.
FXTM can work for experienced MetaTrader traders outside the EU and UK who want low forex costs on the Advantage account. Copy traders should look elsewhere, since FXTM Invest closed in 2024. The ability to trade real US and Hong Kong stocks is a useful extra.
For most readers, though, the regulatory changes are hard to ignore. Retail clients sit under a Mauritius license, withdrawal fees and complaints are more common than at top brokers, and education is thin. Compare it with better-regulated alternatives before you open an account.
FXTM is a MetaTrader broker owned by Exinity Group, with low forex costs on its Advantage account and real stock trading for non-EU clients. It has left the EU and its UK company now serves only professionals, so retail clients are regulated in Mauritius.
Affiliate disclosure: AlphaInvestors may earn a commission if you open an account through links on this page, at no extra cost to you. Read our affiliate disclosure.
