FXTM review 2026

Quick verdict

FXTM is a CFD broker in the Exinity group. It offers MetaTrader 4 and MetaTrader 5, which are the two most common trading platforms in the world. It has two main account styles in our record: the Advantage account, which has a commission, and the Advantage Plus account, which has no commission.

Here is the short version.

• Regulation: two licences in our record. One is from the Financial Services Commission of Mauritius (licence C113012295, entity Exinity Limited). The other is from the Capital Markets Authority of Kenya (licence 135, entity Exinity Capital East Africa Ltd).
• Costs: the Advantage account shows spreads from 0.0 pips plus a commission of $25 per $1 million notional on FX, metals and CFDs.
• Leverage: up to 1:3000 for Exinity Limited, and a 1:400 cap for Exinity Capital East Africa.
• Payments: bank cards, e-wallets, crypto, bank wire and local transfers, for both deposits and withdrawals.
• Not confirmed: the minimum deposit, the withdrawal time, and the share of retail clients who lose money. FXTM does not publish these in the pages we checked, so you must read them on the FXTM website before you deposit.

Our view: FXTM looks reasonable for a trader who wants standard platforms and who is happy to read the fine print about which company holds the account. It is a poor fit for a trader who wants high leverage without understanding the risk. Very high leverage can wipe out a small account in minutes.

This review is a plain-English check of the facts we could confirm from FXTM's own website and its regulator pages. It is not personal advice. CFDs are complex instruments and most retail traders lose money, so only trade with money you can afford to lose.

Is FXTM legit and safe?

Many new traders ask, is FXTM a scam? The word legit can mean two things. First, is the company real and supervised by a financial regulator? Second, will you get your money out when you ask? A licence helps with the first question. It does not guarantee the second one. That is why we also look at withdrawals later in this review.

FXTM is part of the Exinity group. In our record, the group shows two entities with two regulators.

• Exinity Limited holds licence C113012295 with the FSC Mauritius.
• Exinity Capital East Africa Ltd holds licence 135 with the CMA Kenya.

Both are listed on FXTM's licence page, and that page is the source we link to. The first lesson here is that a licence belongs to a company, not to a brand. FXTM is the brand name you see on the website. The company that signs your contract is a legal entity, and different entities can have different rules on leverage, client money and complaints.

So before you deposit, find the name of the company on your client agreement. Then match that name to the licence list above. If the name on your agreement is not on the list, stop and ask FXTM support in writing which company will hold your account. Keep the reply.

Here is a simple safety checklist you can use with any broker:

• Read the legal documents and note the exact company name.
• Search for that name on the regulator's public register.
• Check the licence is active and the website address matches.
• Search the regulator's website for warnings about the firm.
• Start with a small deposit and test a withdrawal before you add more.

A licence is not a promise that you will make money, and it does not remove market risk. It only means a regulator can ask the company to follow certain rules.

FSC Mauritius licence (Exinity Limited)

The FSC is the Financial Services Commission of Mauritius. Our record shows licence C113012295 for Exinity Limited. The leverage of up to 1:3000 that FXTM advertises is stated for this entity.

Mauritius is an offshore financial centre. Rules there are different from the rules in the UK, the EU or Australia. In general, an offshore licence may allow higher leverage, but it may also give you fewer legal protections than a licence in a major market. We have not confirmed whether Exinity Limited offers a compensation fund for clients, so do not assume one exists.

How to check it yourself:

1. Open the FXTM licence page linked in our sources.
2. Note the company name and the licence number C113012295.
3. Open the FSC Mauritius website and search its register of licensed firms.
4. Confirm the licence status and the types of service the firm may offer.

If you cannot find the firm on the register, do not deposit.

CMA Kenya licence (Exinity Capital East Africa Ltd)

The CMA is the Capital Markets Authority of Kenya. Our record shows licence 135 for Exinity Capital East Africa Ltd. FXTM states a leverage cap of 1:400 for this entity.

For traders in Kenya, this is the entity to look at first. A local licence usually means the company must follow local rules, and you can complain to a regulator in your own country. A 1:400 cap is also much lower than 1:3000, which means less risk of a very fast loss.

How to check it yourself:

1. Open the CMA Kenya website and find its list of licensed market intermediaries.
2. Search for Exinity Capital East Africa Ltd and the number 135.
3. Read what activities the licence covers.
4. Compare the details with FXTM's licence page.

Not every trader outside Kenya can open an account with this entity. Which one applies to you depends on where you live and what FXTM offers in your country.

FXTM fees and spreads explained

Trading costs matter more than most beginners think. Small costs repeat on every trade, and they add up. With CFD brokers there are usually three main costs: the spread, the commission and the swap.

The spread is the small gap between the buy price and the sell price. You pay it each time you open a trade. A pip is the smallest standard price step in a currency pair. FXTM's Advantage account shows spreads from 0.0 pips. That means the spread can be as tight as zero on the best market conditions. In real life, spreads change with the market. They are often wider during news and when markets are quiet.

The commission is a fee charged per trade. On the Advantage account, FXTM shows a commission of $25 per $1 million notional on FX, metals and CFDs. Notional means the full size of the position, not the money you put in. So the fee grows with the size of your trade. A trade one-tenth that size pays one-tenth of the commission.

The Advantage Plus account has no commission. On accounts like this, the broker earns through a wider spread. FXTM does not publish the typical Advantage Plus spread in the facts we could confirm, so check the trading accounts page on the FXTM website.

The swap is a small fee or credit for keeping a trade open overnight. FXTM's swap rates are not in our record. Look at the swap table inside the platform before you hold a trade for days.

What is the best way to compare costs? Add the spread and the commission together for the same trade size on the pair you trade most. A zero spread with a commission can cost more or less than a commission-free account, depending on the pair and the size. The only fair test is to compare both accounts on the same market at the same time, using a demo account.

Account types at FXTM

Our record shows two account types that matter for most traders.

Advantage account. This account has spreads from 0.0 pips and a commission of $25 per $1 million notional on FX, metals and CFDs. It suits traders who place many trades and want very tight spreads. Scalpers often like this style. The commission is clear and easy to add up.

Advantage Plus account. This account is commission-free. You pay only through the spread. It suits beginners who want one simple cost on the screen. It is easier to understand, but you must check the spread before each trade.

Both accounts work on MetaTrader 4 and MetaTrader 5.

FXTM may also offer other account styles in some countries. We do not list them here because we could not confirm them from the pages we checked. The list can also change from one country to another. Always open the trading accounts page on the FXTM website and look at what is shown for your country.

How should a new trader choose? Ask three questions.

• Do I want a simple cost or the lowest possible cost? If simple, think about the commission-free account. If lowest, compare the commission account.
• How often will I trade? More trades mean costs matter more.
• Do I understand how much one lot is worth? If not, practise on a demo account first.

Do not pick an account because of the highest leverage or the lowest headline number. Pick the one where you can see your total cost clearly.

Minimum deposit: how much do you need to start?

We could not confirm FXTM's minimum deposit. It is not in the facts we checked, and we will not guess. The amount can differ by account type, by payment method and by country.

Where do you find the real number? Follow these steps.

1. Open the FXTM trading accounts page, which is one of our sources.
2. Look for the minimum deposit line under each account type.
3. Open the deposit and withdrawals page and look for any minimum per payment method.
4. If the number is not clear, ask FXTM support in writing and keep the answer.

Even when a broker allows a very small start, think about what a small account can do. A tiny balance limits your position size. If you use high leverage to make up for a small balance, one wrong trade can remove the whole account. Many beginners lose their first account this way.

A safer plan is to start with an amount you can afford to lose completely. Then risk only a small part of it on each trade. Use a demo account first to learn the platform. When you move to real money, keep the first deposit small and test a withdrawal early.

Also remember that the amount you send may not be the amount that arrives. Banks, card providers and crypto networks can charge their own fees. Your money may also be converted to another currency. Check the full cost of getting money in and out, not only the broker's minimum.

Deposit and withdrawal methods

FXTM shows the same five groups of payment methods for deposits and for withdrawals.

• Bank cards
• E-wallets
• Crypto
• Bank wire
• Local transfers

This is a useful mix. Cards are quick and familiar. E-wallets are common in many countries in Africa and Asia. Crypto can be fast and can work where banks are slow. Bank wire suits larger amounts. Local transfers can be the cheapest and fastest option where they exist.

Which exact methods are open to you depends on your country. FXTM's deposit and withdrawals page is the right place to see the list for your location. We could not confirm which local methods are offered in each country, so we do not name any.

Some practical rules apply with almost every broker.

• Use a payment method in your own name. Brokers normally refuse payments from third parties.
• Expect to withdraw back to the method you used to deposit, up to the amount you deposited. Brokers use this rule to fight fraud and money laundering.
• Finish identity checks before you ask for a large withdrawal. These checks are called KYC, short for know your customer.
• Check fees on both sides. The broker may charge nothing while your bank or wallet does.
• Check the currency. If your account is in one currency and your bank uses another, you will pay a conversion cost.

We did not confirm FXTM's fees for deposits or withdrawals. Read the payments page before you pick a method, and compare at least two options.

How long do FXTM withdrawals take?

FXTM does not publish a fixed withdrawal time in the facts we could confirm. So we cannot give you a number of hours or days, and we will not copy one from a forum or a rumour. Our own timed withdrawal tests, when we have them, are shown on our withdrawal tests page.

What affects the speed of a withdrawal in real life?

• The payment method. E-wallets and crypto are often faster than bank wire. Cards and bank transfers can take longer.
• Identity checks. If your documents are not verified yet, the broker will hold the request until they are.
• Broker processing time. Most brokers review requests during working hours. A request sent at the weekend may wait.
• Open trades and margin. You can only withdraw free money. If your funds are tied up in open trades, the amount you can take out is smaller.
• Bank and wallet delays. Even after the broker sends the money, your bank or wallet can add time.

How to test a withdrawal safely:

1. Verify your identity before you trade seriously.
2. Make a small first deposit using the method you plan to use later.
3. Withdraw a small part and note the date and time of the request.
4. Note when the money arrives and what fees were taken.
5. Only then add more money.

If a broker delays your withdrawal without a clear reason, write to support, keep copies, and contact the regulator named on your client agreement. This is another reason to know which entity holds your account. A complaint is only possible with the right regulator.

Trading platforms

FXTM offers MetaTrader 4 and MetaTrader 5. These are the two platforms most brokers share, and that is a real advantage. Many guides, video lessons, indicators and automated trading tools are made for them.

MetaTrader 4 is older and simpler. It is built mainly for forex. Many traders like it because it is light and easy to learn. It has a large library of free and paid tools.

MetaTrader 5 is newer. It has more chart timeframes, more order types and a stronger testing tool for automated strategies. It also supports more asset types. If you trade CFDs on many markets, MetaTrader 5 may feel more complete.

Both platforms run on desktop and mobile in most cases. We did not confirm the exact list of devices for FXTM, so check the platforms page on the FXTM website.

What should you check before choosing?

• Does the platform run on the device you use every day?
• Are the instruments you want available? Not every symbol exists on both platforms.
• Is the platform stable during news? Open a demo account and watch how it behaves.
• Can you place a stop loss and take profit in one step? Always learn this before using real money.

Our record does not list any FXTM-owned trading app or web platform, so we do not describe one. If FXTM offers extra tools in your country, treat them as extras and check their terms.

Leverage and risk

Leverage lets you control a large position with a small amount of money. A leverage of 1:3000 means $1 of your money can control $3000 of the market. It sounds exciting. It is also one of the fastest ways to lose an account.

FXTM shows two different limits in our record.

• Up to 1:3000 for Exinity Limited.
• A 1:400 cap for Exinity Capital East Africa.

Why does this matter? Because the market moves up and down all day. With very high leverage, a tiny move against you can use up your margin. Margin is the money the broker holds while your trade is open. If your balance falls too low, the broker closes your trades automatically. This is called a stop-out. Stop-out levels differ by broker, and we did not confirm the one for FXTM.

How to keep risk under control:

• Risk only a small part of your balance on one trade. Many experienced traders use a very small percentage.
• Always set a stop loss before you enter. A stop loss is an order that closes the trade at a loss you chose.
• Do not use the highest leverage just because it is offered. You can choose a lower level in many cases.
• Avoid trading just before big news. Prices can jump and skip your stop loss. This jump is called slippage.
• Never add money to a losing trade to get back what you lost.

We also could not confirm FXTM's own figure for the share of retail accounts that lose money, so we cannot quote one. Most regulators in major markets require brokers to show it. Look for the risk warning on the FXTM website.

CFDs are complex and carry a high risk of losing money fast. Do not trade with money you need for rent, food or school fees.

Who is FXTM best for?

FXTM can suit these traders.

• Traders who want MetaTrader. If you already use MetaTrader 4 or 5, you will feel at home.
• Cost-aware traders. The Advantage account offers spreads from 0.0 pips with a clear commission. The Advantage Plus account is commission-free.
• Traders in Kenya. A licence from the CMA Kenya is listed for Exinity Capital East Africa Ltd, with a lower leverage cap.
• Traders who like many payment options. Cards, e-wallets, crypto, bank wire and local transfers are all listed.

FXTM may not suit these traders.

• Beginners who want a very simple setup. MetaTrader needs some learning. A demo account is a must.
• Traders who want a major-market licence only. The licences in our record are from Mauritius and Kenya, not from the UK, EU or Australia. If you must have a licence from a top-tier regulator, check carefully.
• Anyone who needs a known withdrawal time. FXTM does not publish one in the facts we checked.
• Traders tempted by very high leverage. The 1:3000 level is a risk for most people.

An honest tip: no broker is best for everyone. The best broker for you is the one that is regulated where you live, accepts a payment method you already use, and lets you withdraw without trouble. Test with a small amount first.

How to open a FXTM account

Opening an account is normally quick. The exact screens may change, so follow what you see on the FXTM website. These are the usual steps.

1. Go to the official FXTM website at forextime.com. Type the address yourself. Do not follow links from messages or ads.
2. Choose to open an account and enter your country. This matters because the company that serves you depends on it.
3. Fill in your name, email address and phone number. Use real details that match your ID.
4. Read the client agreement. Find the legal company name and write it down.
5. Check that company name against the licence list in this review.
6. Upload your identity documents and proof of address when asked. This is the KYC step.
7. Choose an account type: Advantage or Advantage Plus, and a platform: MetaTrader 4 or MetaTrader 5.
8. Practise on a demo account first.
9. Make a small deposit with a payment method in your own name.
10. Place a small trade with a stop loss, then test a small withdrawal.

Keep these things in mind. Never share your password. Never give anyone remote access to your computer. Never pay a person who promises guaranteed profits. Real brokers do not call you to ask for money. If a stranger on social media offers to trade for you, walk away.

Keep screenshots of your agreement and your deposit receipts. They help if you ever need to complain.

The fine print

Every broker has rules that are easy to miss. Read these parts of the FXTM terms before you deposit. We list them as questions because our record does not contain the answers.

• Inactivity fees. Does FXTM charge a fee if you do not trade for some time? We did not confirm this.
• Withdrawal and deposit fees. Does FXTM, your bank or your wallet charge fees? We did not confirm this.
• Currency conversion. What rate is used if your funds are in a different currency?
• Stop-out level. At what margin level does the broker close your trades automatically?
• Negative balance protection. If the market moves so fast that you lose more than your balance, who covers the gap? This protection is common in Europe, but it is not guaranteed everywhere. We did not confirm it for FXTM.
• Bonuses and promotions. Some offers come with trading volume rules that can lock your money. In the EU, UK and Australia, deposit bonuses are banned for retail clients. If you are offered one, read every condition.
• Which entity holds your account. This decides your leverage, your protections and where you can complain.
• Dormant accounts and document updates. Old accounts may be closed or need new documents.

Also read the risk warning. A broker must tell you plainly that you can lose money. If it does not, that is a bad sign.

The Forex Bridge may earn a commission if you open an account through a link on this site. This does not change our scores or our words. We show the same facts and the same warnings whether a broker pays us or not.

Our final verdict

FXTM is a regular CFD broker with a clear offer. It gives you MetaTrader 4 and MetaTrader 5, an Advantage account with spreads from 0.0 pips and a commission of $25 per $1 million notional, and a commission-free Advantage Plus account. It lists two licences, one from the FSC Mauritius and one from the CMA Kenya, and it offers cards, e-wallets, crypto, bank wire and local transfers.

What we like: the platforms are familiar, the cost structure is clear, the payment list is wide, and there is a local licence for Kenya with a lower leverage cap.

What to watch: the minimum deposit and the withdrawal time are not in the facts we could confirm. The 1:3000 leverage is a danger for beginners. Offshore licences usually give fewer protections than licences in major markets.

Our advice is simple. Find out which company will hold your account. Check its licence on the regulator's own register. Open a demo account. Start with a small deposit, place a small trade with a stop loss, and make a small withdrawal to see how long it takes. Only then decide whether to add more.

CFDs carry a high risk of losing money. Never trade with money you cannot afford to lose, and never believe a promise of guaranteed profit. We update this review when the facts change, and we show the date we last checked on the page.