FXTM review
Details checked 27 Sept 2026. Always confirm current terms on the broker's site.
Our verdict
FXTM is an Exinity-owned CFD broker serving mainly emerging-market clients through offshore and Tier-2 entities. Its gold spreads benchmark below average, but its regulatory profile is weaker than Tier-1-led rivals.
FXTM, short for ForexTime, was founded in 2011 and is part of the Exinity group, with its roots in Limassol, Cyprus. It exited retail business in the EU in 2021 and today serves most clients through entities regulated in Mauritius, South Africa, Kenya and the UAE. BrokerChooser still lists an FCA licence, but it was not clear from the sources checked how much of its retail business sits under that entity. For gold, FXTM promotes XAUUSD spreads 'as low as zero' with a commission on its Advantage account; DailyForex puts that commission at $7 per lot, and BrokerChooser measured the gold spread at $0.13 in September 2026. The metals page advertises leverage of up to 1:5000, which is very high and can lead to rapid losses. Trading is on MT4, MT5 and the FXTM Trader app. The minimum deposit is around $200, withdrawals carry a $3 fee, and inactivity fees apply. Negative balance protection and a swap-free option are available, and complaints can go to the Financial Commission, which offers up to EUR 20,000. FXTM is on the RBI Alert List, which Indian residents should factor in.
Pros
- Below-average measured gold spread ($0.13)
- Swap-free conversion available on all account types
- Negative balance protection
- Established brand since 2011
Cons
- Most clients served by offshore/Tier-2 entities; Tier-1 retail coverage unclear
- Very high metals leverage (up to 1:5000) increases risk
- Only MetaTrader and own app - no cTrader or TradingView trading
- $3 withdrawal fee and inactivity fees
- Listed on the RBI Alert List
Key facts
| Founded | 2011 |
|---|---|
| Headquarters | Limassol, Cyprus (group: Exinity) |
| Regulators | FCA (UK entity - current retail scope unclear) (Tier-1); FSC Mauritius (Exinity Ltd, C113012295); FSCA South Africa (Exinity Ltd, FSP 50320); CMA Kenya (Exinity Capital East Africa Ltd, 135); SCA UAE (Exinity Global Financial Services LLC) |
| Gold (XAUUSD) available | Yes |
| Gold spread, standard account | not published (DailyForex reports ~36 pips avg on Advantage, units unclear) |
| Gold spread, raw/ECN account | 'As low as zero' on XAUUSD (official); $0.13 per BrokerChooser XAU/USD spread benchmark, updated 17 Sep 2026, in USD per ounce |
| Commission, raw account | $7 per lot on Advantage (DailyForex); official gold commission described only as 'super-low' |
| Max gold leverage (offshore entity) | Up to 1:5000 on metals (official FXTM metals page, Mauritius entity) |
| Max gold leverage (Tier-1 entity) | 1:20 (FCA retail rules) - FCA retail availability unclear |
| Minimum trade size | not published (0.01 lot typical on MT4/MT5) |
| Platforms | MT4, MT5, FXTM Trader app |
| Minimum deposit | $200 |
| Account types | Advantage, Advantage Plus, Advantage Stocks, Swap-free option |
| Indian deposit methods | not published; BrokerAnalysis lists FXTM as accepting Indian traders with ~INR 800 minimum on some methods |
| Accepts clients from India | Yes, via Mauritius entity (BrokerAnalysis; BrokerChooser notes no explicit restriction) |
| Negative balance protection | Yes |
| Segregated client funds | Yes |
| Investor compensation | Financial Commission membership, up to EUR 20,000 per complaint (not a statutory scheme) |
| Swap-free account | Yes |
| On RBI Alert List | Yes: 2025-11-19 (latest RBI update found; checked 2026-09-27) |
Member reviews
Sources used for this review
- fxtm.com/en/trading/markets/metals/
- brokerchooser.com/broker-reviews/fxtm-review
- brokerchooser.com/broker-reviews/fxtm-review/xauusd-spread
- dailyforex.com/forex-brokers/best-forex-brokers/gold-trading
- brokeranalysis.com/best-forex-brokers-india/
- upstox.com/news/personal-finance/trading/rbi-alert-list-updated-full-list-of-unauthorised-
- completetradersedge.com/rbi-alert-list/
- au.bank.in/hi/hi/assets/banner-text-table/pdf/unauthorised-forex-transactions.pdf
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