FXTM review
FXTM is the trading brand of Exinity Limited, a CFD and forex broker offering 1,000+ instruments through MetaTrader 4, MetaTrader 5 and a proprietary app. Its currently live regulated operating entity is licensed as an Investment Dealer by Mauritius's Financial Services Commission (licence C113012295) and registered with South Africa's Financial Sector Conduct Authority (FSP 50320) — both lighter-touch regimes than tier-1 regulators such as the FCA or CySEC. A separate Cyprus-registered group entity, Exinity Works (CY) Ltd, explicitly does not conduct any regulated financial or investment activity, and FXTM's own site lists the UK among jurisdictions it does not serve. Independent reviews also report regional entities registered with capital-markets authorities in the UAE and Kenya. Leverage on these offshore-regulated accounts can run as high as 1:3000, far above the 1:30 cap typical of EU/UK retail-regulated brokers.
FXTM key facts
- Website: www.fxtm.com
- Category: CFD / forex broker
- Founded: 2011 (per third-party review; not disclosed on the official site)
- Headquarters: Ebene, Mauritius (current regulated operating entity)
- Regulation: FSC Mauritius (Investment Dealer licence C113012295) and FSCA South Africa (FSP 50320); Cyprus group entity not regulated for trading; UK residents explicitly excluded
- Platforms: MetaTrader 4, MetaTrader 5, proprietary FXTM app with TradingView charts
- Markets: 1,000+ CFDs across forex, commodities, metals, stocks, indices and crypto
- Max leverage: Up to 1:3000 on offshore-regulated accounts, per third-party testing
- FYI Score: 84.6/100 (ranked #44 of the 136 CFD brokers we track)
Regulation & licences
- The current live operating entity, Exinity Limited, is registered in Mauritius and holds an Investment Dealer licence (C113012295) from the Financial Services Commission (FSC), plus an FSCA registration in South Africa (FSP 50320) — both lighter-touch regimes than the FCA or CySEC.
- A separate Cyprus-registered group entity, Exinity Works (CY) Ltd, explicitly states it 'does not engage in any regulated financial or investment activities,' per FXTM's own legal disclosures.
- FXTM's official site lists the UK among the jurisdictions it does not serve, alongside the US, Canada, Japan and others, indicating no active FCA-regulated retail offering at present.
- Independent broker reviews report additional regional entities, including one licensed in the UAE and Exinity Capital East Africa Ltd, licensed by Kenya's Capital Markets Authority (CMA).
Spreads & fees
- FXTM advertises 'spreads from 0.0' on its lowest-cost account tier, but independent testing found EUR/USD averaging around 1.9 pips on a standard account, wider than the roughly 1.1 pip average across the brokers it was benchmarked against.
- Commissions range from $0 to roughly $7 per lot depending on account type, layered on top of the spread on commission-based accounts.
- An inactivity fee of around $10/month (roughly $120/year) applies to dormant accounts, per third-party review.
- Gold spreads were tested at roughly 38 pips versus a roughly 23 pip average across compared brokers.
Platforms & tools
- MetaTrader 4 and MetaTrader 5, available on desktop, web and mobile.
- A proprietary FXTM mobile app with integrated TradingView charting.
- A 'Pro Trading Tools' plugin bundle for additional analytics on top of MT4/MT5.
Markets & instruments
- 1,000+ CFDs spanning forex (55+ pairs), commodities, metals, stock CFDs, indices, cryptocurrencies and futures, per FXTM's own site.
- Independent testing counts roughly 1,460 CFDs plus around 397 real (non-CFD) stock holdings available through certain account types.
- Leverage on offshore-regulated accounts can reach up to 1:3000, far above the 1:30 cap applied to EU/UK retail clients elsewhere in the industry.
Account types
- Advantage Plus: raw/near-zero spreads with a per-lot commission, from a $200 minimum deposit.
- Advantage: commission-based pricing (around $7 round-turn) with tighter spreads, aimed at active traders.
- Edge and Micro: spread-only pricing (no separate commission), wider spreads, lower minimum deposits (from roughly $30-$50).
- Advantage Stocks: real (non-CFD) US equities with 1:1, unleveraged exposure.
Markets
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Platforms
MetaTrader 4, MetaTrader 5, FXTM App
Who FXTM is for
An individual trader can access a wide range of CFDs and high leverage through FXTM's offshore-regulated entity, but should weigh that against the materially lighter protections of FSC Mauritius/FSCA South Africa relative to FCA- or CySEC-regulated alternatives, and confirm current availability directly before signing up.
Pros
- Wide instrument range (1,000+ CFDs) across forex, stocks, indices, commodities and crypto
- Choice of MT4/MT5 or the proprietary app with TradingView charting
- Multiple account tiers letting active traders choose between commission and spread-only pricing
- Long operating history in the retail forex/CFD space
Cons
- Its current live regulated entity sits under Mauritius's FSC and South Africa's FSCA rather than a tier-1 regulator like the FCA or CySEC; a Cyprus entity in its group does not conduct regulated trading activity
- UK residents are explicitly excluded from service, and no FCA-regulated offering is currently disclosed on its own site
- Leverage up to 1:3000 on offshore accounts is far above levels permitted for retail clients under EU/UK rules, materially raising loss risk
- Independent spread testing found meaningfully wider-than-average pricing on EUR/USD and gold versus the brokers it was benchmarked against
FXTM FAQ
Is FXTM regulated?
Its current live operating entity, Exinity Limited, is licensed as an Investment Dealer by Mauritius's Financial Services Commission and registered with South Africa's FSCA. A separate Cyprus group entity does not conduct regulated trading activity, and FXTM's own site excludes UK residents from service, so there is no disclosed FCA-regulated offering at present.
What leverage does FXTM offer?
Up to 1:3000 on its offshore-regulated accounts, according to third-party testing — far above the 1:30 cap applied to retail clients under EU and UK rules.
What platforms does FXTM support?
MetaTrader 4 and MetaTrader 5 on desktop, web and mobile, plus a proprietary FXTM app with integrated TradingView charting and a 'Pro Trading Tools' plugin bundle.
Does FXTM charge an inactivity fee?
Yes — third-party review reports an inactivity fee of around $10/month on dormant accounts.
Compare FXTM with other CFD brokers
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