One of the best-known global forex/CFD brands, ForexTime (FXTM) is operated by Exinity Limited and reports millions of clients worldwide. It holds direct FCA (UK) and FSCA (South Africa) authorisation, and its Seychelles FSA Securities Dealer licence is well documented, though we could not independently confirm the exact SD licence number in this research pass.
| Regulated entity | Exinity Limited (also trading as ForexTime) |
|---|---|
| Regulation | FCA No. 777911 + FSA Seychelles-licensed (licence number unconfirmed) |
| Other Tier-1 regulators | FSCA |
| Founded | 2011 |
| Headquarters | Limassol, Cyprus (global offices) |
| Minimum deposit | Not independently confirmed |
| Avg. spread (EUR/USD) | Not independently confirmed |
| Platforms | MT4, MT5, Proprietary (FXTM Trader) |
| Instruments | 250-600+ instruments (sources vary widely) across forex (58-60+ pairs), spot metals (5 pairs) and spot commodities (oil/gas), indices (13), shares (300-638 real/cash shares, up to roughly 798 stock CFDs), and crypto CFDs (11; not available to UK retail clients due to FCA restrictions). |
See FXTM's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Reported as including a Cent/Micro account (minimum $10) and Advantage/Advantage Plus tiers (minimum $500); execution models are described inconsistently across sources as spanning STP, ECN and market-maker depending on account, without a clean per-tier attribution. |
|---|---|
| Execution model | Not cleanly attributed by account type in sources found -- treat the STP/ECN/market-maker classification as unresolved rather than settled. |
| Withdrawals & deposits | A wide range of methods is supported (bank transfer, cards, UPI, M-Pesa, Google Pay, Skrill, Neteller, PerfectMoney, and various regional options). Deposit fee $0, withdrawal fee reported around $3, with withdrawals processed from as little as $5 and typically completed within about 30 minutes. |
| Overnight financing (swap) | An Islamic swap-free account is available; the broker-specific swap calculation methodology wasn't found. |
| Currency conversion cost | Not found -- no specific fee or percentage was located. |
| Inactivity fee | $10 after 3 months (90 days) of no trading, per multiple sources. |
| Customer service | Trustpilot shows a notably weak aggregate around 2.5/5 from roughly 1,100 reviews -- lower than most peers researched so far. |
| Mobile experience | Reported around 4.8 on iOS and 4.4 on Android by one source, though Google Play is cited elsewhere at a lower 3.9/5 (5,000+ reviews, 1 million+ downloads) -- a minor disagreement on the Android figure. |
| Educational offering | Offers market-analysis videos, research articles, eBooks, seminars and webinars, broadly praised across aggregator-style sources though not deeply assessed by any single independent reviewer found. |
See how FXTM's spread cost compares across every researched broker → · Forex broker fees explained
Is FXTM regulated?
Yes -- FCA No. 777911 + FSA Seychelles-licensed (licence number unconfirmed). See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if FXTM fails?
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
What is the minimum deposit at FXTM?
Not independently confirmed in our research -- verify directly with the broker.
What trading platforms does FXTM offer?
FXTM offers MT4, MT5, Proprietary (FXTM Trader).
What is FXTM's average spread on EUR/USD?
Not independently confirmed in our research -- verify directly with the broker.
When was FXTM founded?
FXTM was founded in 2011.
How is FXTM's overall score calculated?
FXTM currently scores 2.95/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
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