FXTM Review 2026
FXTM is a forex and CFD broker from the Exinity Group, regulated in the UK, Mauritius, Kenya, and South Africa, but it gave up its Cyprus license in 2024.
Min Deposit
$10
Spreads From
0.0 pips
Max Leverage
1:30
Platforms
3
Pros
- Exinity UK Ltd, its FCA regulated arm, carries a real, checkable license
- Advantage account spreads start from 0.0 pips for active traders
- Runs on both MetaTrader 4 and MetaTrader 5, plus its own mobile app
- Micro account needs only $10 to open, useful for new traders
- Negative balance protection applies to its main retail accounts
- Leverage up to 1:3000 via the Mauritius entity is far above UK retail limits
Cons
- Gave up its CySEC license in 2024 and exited the EU retail market
- Trustpilot reviewers often report slow, document heavy withdrawals
- Advantage Plus spreads on EUR/USD often sit near 1.9 pips
- Charges a monthly inactivity fee plus fees on some withdrawals
- Customer support is not staffed around the clock
FXTM is the trading brand of the Exinity Group. It started in Cyprus in 2011. In 2024, the Cyprus company gave up its CySEC license and stopped serving EU retail clients. FXTM now operates mainly through the UK, under the FCA, and Mauritius, under the local FSC.
FXTM offers forex, stocks, metals, and crypto CFDs on MetaTrader 4 and MetaTrader 5. Its Advantage account has spreads from 0.0 pips plus a commission near $3.5 a lot. The Advantage Plus account has no commission, but EUR/USD spreads often sit near 1.9 pips. A standard account needs $200, though the Micro account needs just $10.
On Trustpilot, FXTM scores close to 2.4 out of 5 from over 1,000 reviews, and about 1 in 5 reviewers leave just 1 star, often about slow, document heavy withdrawals. FXTM still holds a real FCA license, but losing its Cyprus license and the mixed reviews show the record is not fully clean.
Min. Deposit
USD 10
Max Leverage
Up to 1:3000 for the Mauritius entity, capped at 1:30 for UK retail clients under the FCA entity
Spreads From
0.0 pips plus commission on Advantage
Platforms
FXTM (ForexTime) is a globally recognised multi-asset broker founded in 2011 and regulated by the FCA in the UK, CySEC in Cyprus, and FSCA in South Africa. With over 5 million clients in 150+ countries, FXTM is one of the most widely used brokers in Africa, Asia, and the Middle East.
The broker offers a wide range of account types including Cent, Micro, Advantage, and Advantage Plus, making it accessible to traders with varying experience levels and capital sizes. FXTM supports MetaTrader 4 and MetaTrader 5, along with a dedicated mobile trading app and a proprietary copy trading platform.
FXTM is particularly well-regarded for its award-winning education programme, with thousands of free learning resources including video tutorials, live webinars, and market analysis available in multiple languages. The broker has won numerous industry awards for best broker in Africa and the Middle East.
Cent
Micro
Advantage
Advantage Plus
60+ currency pairs available for trading
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Regulators
Platforms
- FCA (UK)
- CySEC (Cyprus)
- FSCA (South Africa)
- FSC (Mauritius)
