FXTM Review (2026)
Beginner-friendly, well-regulated broker with strong African presence.
Licences: FSCA, CMA — the exact entity (and protection) depends on your country. See licence evidence ↓
The 60-second verdict
FXTM scores 82/100 on our method — best suited to beginners, africa, education traders, and a weaker fit if you want crypto traders.
Best for
- Beginners
- Africa
- Education
Not best for
- Crypto traders
- Cost-focused scalpers
Score breakdown
Affiliate commission is weighted 0% and never affects this score.
Regulation & legal entities
| Regulators | FSCA — South Africa, licence FSP 50320 (Tier 2)Verified on registerchecked 2026-09-09 CMA — Kenya, licence 135 (Tier 2)Verified on registerchecked 2026-08-22 |
| Segregated client fundsSegregated fundsClient money held in bank accounts kept separate from the broker's own funds, so it isn't used to run the business and is easier to return if the firm fails. | Yes |
| Compensation scheme | None / not applicable |
| Negative-balance protectionNegative-balance protectionA safeguard that stops your account going below zero, so you can't end up owing the broker more than you deposited. Mandatory for retail clients in some regions. | Yes, for retail clients where required/applicable by region |
Source: our licence-evidence log — status shown per licenceConfirm licence numbers on the official register before depositing.
Is FXTM regulated? Full register check, entity by entity →
| Exinity UK Ltd (fmr Forextime UK Limited)FCA Register API 2026-08-26: Exinity UK Ltd, status 'Authorised — applied to cancel' — the UK entity has APPLIED TO CANCEL its FCA authorisation. FXTM does not onboard UK clients via Clarytrade (GB excluded); do not present FCA as active oversight going forward. Earlier confirmation: FCA clone-warning page named the genuine firm. Re-read 2026-09-09 direct from the FCA Register API (Firm/777911): 'Exinity UK Ltd', status 'Authorised - applied to cancel'. | FCA 777911 | Verified on register | 2026-09-09 |
| Exinity LimitedWas 'FSP 46614' under the name 'ForexTime Ltd' — a row that carried no source and no check date, and contradicted the broker's own disclosure. FXTM states FSP No. 50320 consistently on fxtm.com/en, fxtm.com/za and forextime.com/za, and its own crypto-leverage PDF names the holder: 'Exinity Limited ... is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 50320 and is a licensed Over the Counter Derivative Provider.' 46614 is most likely the pre-rebrand ForexTime number. ENTITY CONFIRMED FIRST-HAND 2026-09-09 on the FSCA's own entity search (OTC Derivative Providers lookup, browser read): 'EXINITY LIMITED — Status: Approved, Public Company, 173 Oxford Rd, Rosebank, Non Bank, Foreign.' The same lookup returns 'FOREXTIME LTD — Status: Application Withdrawn' (35 Lamprou Konstantara, Kato Polemidia, Limassol, Cyprus) — i.e. the entity name we previously published against this licence has a WITHDRAWN FSCA application, which corroborates the correction. NUMBER STILL BROKER-DISCLOSED: the ODP register publishes no licence number and the FSCA's FSP-number search host is still 404 (checked 2026-09-09), so 'FSP 50320' remains Exinity's own disclosure while the ODP authorisation itself is now register-verified. | FSCA FSP 50320 | Verified on register | 2026-09-09 |
| Exinity Capital East Africa LimitedWas wrongly '122' (source at the time: Exinity press release). Now confirmed first-hand on the CMA Kenya licensees register — licence No. 135 held by Exinity Capital East Africa Limited. Status stays 'corrected' so the original error remains in the public corrections log. | CMA 135 | Verified on register | 2026-08-22 |
| ForexTime LtdCIF withdrawn 20 May 2024 — removed from data.ts. | CySEC 185/12 | Corrected — verify | 2026-06-19 |
We corrected 4 licence records for FXTM after checking the official register — details in our public corrections log.
Which FXTM entity would onboard you?
The brand is not the counterparty — the legal entity on your client agreement sets your regulator, protections and terms. These are the entities we track for this broker.
| Legal entity | Regulator | Typically onboards | Protection notes |
|---|---|---|---|
| Exinity UK Ltd (formerly Forextime UK Limited) United Kingdom | FCA (Tier 1) | GB | FSCS — up to £85,000 if the firm fails (not for trading losses) |
| ForexTime Ltd South Africa | FSCA (Tier 2) | ZA | No compensation scheme identified |
| Exinity Capital East Africa Ltd Kenya | CMA (Tier 2) | KE | No compensation scheme identified |
See which entity likely applies to your country with the entity checker — and always confirm the entity named on your client agreement at signup.
Fees & spreads
| Typical spreadSpreadThe gap between the buy (ask) and sell (bid) price. It's a core trading cost — tighter spreads are cheaper for you. (EUR/USD) | from 0.1 pips |
| CommissionCommissionA flat per-trade fee, common on raw/ECN accounts that show tighter spreads. Always compare spread + commission together as the all-in cost. | $4 per lot |
| Minimum deposit | $10 |
| Inactivity fee | $5/mo after 6 months |
| All-in cost index | $$$·· (3/5) |
Figures are typical published values, not live quotes. Costs and charges may vary depending on the jurisdiction, account type and entity that holds your account.
Pros
- FCA + FSCA + CMA (Kenya) regulation; strong fit for African clients
- Low $10 entry and extensive beginner education
- Copy investing via FXTM Invest
Cons
- Standard-account spreads are mid-tier, not the cheapest
- Inactivity fee after 6 months; no crypto in most regions
Complaints & track record
Established, multi-regulated broker with a strong reputation in Africa and good educational content. No major regulator actions on record.
FXTM — common questions
Is FXTM regulated?
FXTM is regulated by FSCA (South Africa), CMA (Kenya). Client funds are held in segregated accounts. The applicable licence and investor-protection scheme depend on the legal entity that onboards you, which varies by country — confirm the specific licence on the regulator's official register before depositing.
What is the minimum deposit at FXTM?
FXTM minimum deposit is $10. Deposit methods include Card, Bank transfer, Skrill, Neteller, Local methods. Available payment methods may vary depending on your jurisdiction, and depending on the payment method, third-party or bank charges may apply.
How long do withdrawals take at FXTM?
Typical withdrawal time is Same – next day. Actual speed depends on your payment method and identity verification.
Is FXTM good for beginners?
Yes — FXTM scores well for beginner-friendliness and offers a demo account. Still start small and understand the risks first.
How does Clarytrade make money from this review?
If you open an account through our link, FXTM pays us a commission at no extra cost to you. It does not affect our score — commission is weighted 0% in our method.
This is a research-based review. We use published broker information, regulatory registers, pricing disclosures and platform documentation, scored against our published 8-criteria method— we don't claim live account testing unless stated. Figures are indicative; verify current terms with FXTM before depositing. We earn a commission if you open an account through our links — at no extra cost to you. It does not change our rankings. How we make money.
We earn a commission if you open an account through our links — at no extra cost to you. It does not change our rankings. How we make money.
