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FXMARE editorial rating, not user reviews.
FXTM is a veteran ECN broker with tight raw spreads and wide EM market reach, but its regulatory standing has weakened materially since 2023 as it exited CySEC and is winding down its FCA UK entity.
Spreads, minimum deposit and leverage are indicative and vary by account type and jurisdiction — confirm current terms on the broker’s site.
FXTM is a veteran ECN broker with tight raw spreads and wide EM market reach, but its regulatory standing has weakened materially since 2023 as it exited CySEC and is winding down its FCA UK entity.
FXTM (ForexTime) is regulated by FSC (Mauritius) — primary offshore entity, FSCA (South Africa) — FSP 50320, CMA (Kenya) — Exinity Capital East Africa Ltd, FCA (UK) — Exinity UK Ltd, FRN 777911 (licence surrender announced; UK entity being wound down as of 2025). Independently verifiable licences include FSC Mauritius — Investment Dealer Licence C113012295 (Exinity Limited); CMA Kenya — Non-Dealing Online FX Broker Licence 135 (Exinity Capital East Africa Ltd). Regulatory protection is more limited and leans on offshore licensing, so verify the entity you sign up with before depositing.
EUR/USD spreads start around 0.1 pips on the raw/ECN account (about 1.9 pips on the standard, commission-free account), with $7 (Advantage/raw account; $3.50 per side) commission. The minimum deposit is $50 (Edge account); $200 (Advantage / Advantage Plus) and maximum retail leverage is 1:30 (UK/EU), 1:400 (Kenya), up to 1:3000 (Mauritius entity — offshore, unprotected). Swap-free (Islamic) trading is offered conditionally — Available on Micro, Advantage, and Advantage Plus accounts — enabled on request via account settings. No overnight swap for the first 7 days on major forex pairs; after 7 days, daily admin fees apply (approximately $1.50–$20.00 per 1.0 standard round lot depending on pair). No religious documentation required. Cannot toggle setting more than once per 24 hours and requires no open positions to switch..
Platforms include MT4, MT5, FXTM Trader. FXTM (ForexTime) provides ~750+ CFDs (forex pairs 60+, indices 17+, commodities 10+, crypto 11+, stocks 300+, plus US real shares) across Forex, funded via Credit/debit cards (Visa, Mastercard, Maestro), Bank wire transfer, Skrill, Neteller, Cryptocurrency, Local payment solutions (region-dependent).
FXTM was once a compelling mid-tier broker with solid European regulatory coverage, but its voluntary surrender of both the CySEC and FCA licences by 2025 leaves most clients under the FSC Mauritius umbrella — an offshore regulator with lighter protections. Trading conditions remain competitive (0.0-pip raw spreads, $7 round-turn commission, MT4/MT5 support), and its deep penetration in Africa and Asia with local funding rails is a genuine strength. Retail traders in regulated markets should note that the Tier-1 safety net has largely been removed; the broker now appeals primarily to cost-conscious active traders outside Europe and the UK who are comfortable with offshore regulation.
Headquarters: Ebene, Mauritius (Exinity Limited, primary entity; registered at 5th Floor NEX Tower, Cybercity) · Funding: Credit/debit cards (Visa, Mastercard, Maestro), Bank wire transfer, Skrill, Neteller, Cryptocurrency, Local payment solutions (region-dependent)
FXTM (ForexTime) is authorised by FSC (Mauritius) — primary offshore entity, FSCA (South Africa) — FSP 50320, CMA (Kenya) — Exinity Capital East Africa Ltd, FCA (UK) — Exinity UK Ltd, FRN 777911 (licence surrender announced; UK entity being wound down as of 2025). Brokers regulated in tier-1 jurisdictions are generally required to hold client money separately from company funds and may offer protections such as negative-balance protection or an investor-compensation scheme — the exact safeguards depend on the entity you sign up with. As with all trading, your capital is at risk. Confirm which entity, licence and protections apply to your country on the regulator’s register before funding an account.
Available on desktop, web and mobile. Tradable across Forex. Track every position you take with FXTM (ForexTime) in the FXMARE trading journal.
FXTM was once a compelling mid-tier broker with solid European regulatory coverage, but its voluntary surrender of both the CySEC and FCA licences by 2025 leaves most clients under the FSC Mauritius umbrella — an offshore regulator with lighter protections. Trading conditions remain competitive (0.0-pip raw spreads, $7 round-turn commission, MT4/MT5 support), and its deep penetration in Africa and Asia with local funding rails is a genuine strength. Retail traders in regulated markets should note that the Tier-1 safety net has largely been removed; the broker now appeals primarily to cost-conscious active traders outside Europe and the UK who are comfortable with offshore regulation.
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FXMARE may earn a commission if you open an account through links on this page, including any placement marked Sponsored. This does not affect our independent rating of FXTM (ForexTime). Trading forex and CFDs carries a high level of risk and most retail accounts lose money. This review is information, not financial advice — verify all terms with the broker directly.
