FXTM Review

Few brokers have reshaped themselves as visibly as ForexTime over the past five years, and this FXTM review focuses on what that means for someone opening an account in 2026. The brand that once marketed itself heavily in Europe and the UK has stepped back from both regions and is now concentrating on Africa, the Gulf and South-East Asia, with a simplified product menu to match.

A Broker Redrawing Its Map

FXTM launched in 2011 under founder Andrey Dashin and grew quickly by pairing MetaTrader access with aggressive marketing and a big push into education. The parent company now trades as Exinity. In February 2021 FXTM stopped serving retail clients through its Cyprus entity and renounced its CySEC authorisation, arguing that European leverage rules no longer fitted its model. In April 2026 it went a step further, confirming it had started voluntarily returning its UK FCA licence because UK retail trading was no longer a core growth market.

At the same time, the group announced an upgrade of its UAE Capital Market Authority licence from Category 5, which allowed only marketing, to Category 1, which permits full brokerage activity locally. It also outlined a planned partnership with Invetra, an Indonesian brokerage supervised by BAPPEBTI, to offer locally regulated trading on FXTM technology.

Who Actually Holds Your Account

Depending on residence, clients are onboarded by one of these entities:

• Exinity Limited, regulated by the Financial Services Commission of Mauritius (licence C113012295) and authorised by South Africa’s FSCA as a financial services provider.
• Exinity Capital East Africa Ltd, regulated by Kenya’s Capital Markets Authority (licence 135).
• Exinity Global Financial Services L.L.C., supervised by the UAE Capital Market Authority.

None of these provides the deposit-compensation cover found under UK or EU regimes, so traders rely on segregation and the group’s own policies. FXTM does not accept residents of the United States, the United Kingdom, Canada, Japan or Mauritius, among other excluded countries.

Two Accounts Instead of Ten

Older reviews describe Standard, Cent, ECN and ECN Zero accounts. That menu has been condensed into two live options, each needing a $200 minimum deposit:

• Advantage Plus: no commission, spreads from 1.5 pips, floating leverage up to 1:3000, an 80% margin call and 50% stop-out, and a swap-free setting.
• Advantage: raw spreads from 0.0 pips plus a commission that scales with monthly volume, roughly $0.80 to $4.00 per standard lot round turn.

Leverage steps down automatically as position size grows, and stock and ETF CFDs are limited to MetaTrader 5. A $5 monthly inactivity charge applies once an account sits dormant for six months, which is worth noting for occasional traders.

Markets and Tools

The tradable universe includes around 60 currency pairs, spot gold and silver, energy and other commodity CFDs, index CFDs, a large list of US share CFDs, ETF CFDs and crypto CFDs. Trading happens on MetaTrader 4, MetaTrader 5 (desktop, web and mobile) or the FXTM Trader app, which combines account management and trading. Expert advisors, hedging and scalping are supported, and add-ons such as Trading Central signals, pivot-point tools and VPS hosting are available. FXTM Invest, the in-house copy-trading service, lets followers allocate funds to strategy managers. There is no cTrader, and TradingView is not offered as a trading front end.

Funding the Account

FXTM’s payment list leans toward its target regions: bank cards, wire transfers, Skrill, Neteller, Perfect Money, FasaPay, local bank rails and M-Pesa in East Africa. Some third-party methods carry their own charges, and profits above the deposited amount generally need to be withdrawn by bank transfer, so check the cashier for your country before funding.

Bottom Line

FXTM makes the most sense for traders in Africa, the Middle East and Asia who want MetaTrader, local payment options and a straightforward two-account structure. Anyone who wants Tier-1 retail protection, or who lives in the UK, EU or US, will need to look elsewhere. Given the licence changes, confirm which Exinity entity you are contracting with before you deposit.

High leverage on CFDs works in both directions, so size positions with the possibility of rapid losses in mind.

FXTM FAQ

Risk warning: Trading forex and CFDs on margin carries a high level of risk. Bonus terms are set by each broker and may change; always check the broker's official terms before claiming.