MauritiusRegulationFCA, FSCA, FSC(MU)
Min. deposit$30
Leverage1:1 – 1:2000
PlatformsMT4, MT5
InstrumentsForex & CFDs
Founded2011
🏛️ Which entity will open your account?
📍 Pick your country above and we'll tell you exactly which entity opens your account at FXTM.
How is this decided and how do I verify it? →Regulation by region
The entity you sign with — and your protection — changes depending on where you live.
United Kingdom
Exinity UK (FCA), retail goes offshoreMarket maker
Exinity UK Ltd (FRN 777911) — FSCS covers its entity only; most retail is routed to MauritiusEuropean Union
CySEC license SURRENDERED
ForexTime Ltd (185/12) withdrawn (May 2024); left EU retail in Feb 2021 — no ICF protectionUnited States
Doesn't provide service
Doesn't serve US clientsAustralia
Unregulated in Australia
No ASIC license; retail routed to MauritiusRest of the world
Offshore Mauritius (retail core)Market maker
Exinity Ltd (FSC Mauritius C113012295) — no compensation schemeAll licenses
Every regulator where the group holds a license, with its execution model. The entity that applies to you depends on your country (see above).
Account types
Microlow deposit, floating spreads, MT4/MT5
Advantagefrom 0.0 + commission per lot (ECN/STP), MT4/MT5
Advantage Plusno commission, higher spreads, MT4/MT5
Advantage Stocksstocks/stock CFDs
Pros
—
Cons
✗Withdrawal complaints / confiscation
✗Outside your region, offshore entity
✗Very high leverage (more risk)
Breakdown by axis
The total score (out of 100) is the sum of the 7 axes, with the same yardstick for everyone. Below each one, the rationale with its source.
Regulation: Tier-1 + offshore14/22 pts
Why: FCA #777911 (UK) + FSCA, but it GAVE UP CySEC and left the EU on 31 Dec 2023; retail goes to FSC Mauritius (offshore)
Withdrawals / payments: Delays / complaints4/20 pts
Why: Trustpilot ~2.5: pattern of slow/complicated withdrawals, KYC friction and withdrawals rejected due to 'payment provider issues'
Fund safety: Segregated (no compensation)8/15 pts
Why: segregated accounts + negative balance, but lost EU ICF coverage when leaving CySEC
Transparency: With caveats5/10 pts
Why: low public rating and verification friction; wide gold spread (~13 pips) vs low EURUSD
Reputation: Mixed5/10 pts
Why: established brand (since 2011) but deteriorated reputation: Trustpilot ~2.5 and drop in regulation
Costs: Average4/8 pts
Why: EURUSD from ~0.1 (Advantage) but wide XAUUSD (~13 pips); min deposit $100-200
Flags detected
🚩[withdrawals] delays -> Trustpilot ~2.5: pattern of slow/complicated withdrawals, KYC friction and withdrawals rejected due to 'payment provider issues'
Sources
Don't take our word for it — check it yourself. These are the official registries and legal pages we relied on.
🔗 FXTM — licenses (Exinity Mauritius C113012295)🔗 CySEC registration — Forextime Ltd (185/12, withdrawn)🔗 ⚠ CySEC withdraws FXTM's CIF authorization (Finance Magnates)Trader reviews
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