Desk file · 2026 edition · record confidence: medium
FXTM (ForexTime)
We opened the file on FXTM (ForexTime) the way we open every file: register first, marketing never. Trading since 2011, run out of Limassol, Cyprus, and carrying 4 licence entries on the public record, 1 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| FCA | 777911 | United Kingdom | T1 | ForexTime UK Limited | forextime.com |
| CySEC | 185/12 | Cyprus | T2 | ForexTime Ltd | cysec.gov.cy |
| FSC Mauritius | C113012295 | Mauritius | T3 | Exinity Limited | fxtm.com |
| CMA Kenya | 135 | Kenya | T2 | Exinity Capital East Africa Ltd | exinity.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- FXTM is a brand of the Exinity group; non-EU/UK clients are typically onboarded through Exinity Limited in Mauritius.
- The Advantage account advertises spreads from 0.0 pips with a $3.50 per lot per side forex commission.
- The CySEC entity ForexTime Ltd is listed on the CySEC register under former investment firms; check current status before relying on it.
- FXTM holds a CMA Kenya non-dealing online foreign exchange broker licence, number 135.
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- current CySEC status of ForexTime Ltd
- exact minimum deposit (sources give $10, $200 and $500 depending on account and entity)
- exact legal entity holding the FSCA South Africa licence
- typical EUR/USD spread (source only gave an advertised 'from 0.0' raw-account figure)
| Founded | 2011 |
| Head office | Limassol, Cyprus |
| Minimum deposit | $10 |
| Leverage cap | up to 1:2000 (Mauritius entity); 1:30 retail under FCA/CySEC |
| EUR/USD | not verified pips |
| Tier-1 entries | 1 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.