FXTM, also known as ForexTime, is a forex and CFD broker regulated by the FCA, South Africa's FSCA and the FSC in Mauritius; it surrendered its CySEC licence in 2023 and no longer has an EU retail entity. Its welcome offer is a 100% deposit match paid in Reward Points worth up to $500, and points become withdrawable cash only after you trade a meaningful number of lots. FXTM also runs an ongoing Rewards loyalty program that pays points on trading activity, separate from the welcome bonus.
Risk warning: Trading carries a high risk of losing money, especially with leveraged products such as CFDs. A bonus does not reduce that risk. Only deposit what you can afford to lose.
FXTM
FXTM matches your first deposit 100% up to $500, but the match is paid as non-withdrawable Reward Points that you only unlock by trading 20,000 Tier Points within 30 days.
FXTM
FXTM automatically enrols live Advantage and Advantage Plus traders in a points-based loyalty program where every lot earns Reward Points that redeem for withdrawable cash at 500 points to $1.
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FXTM, short for ForexTime, was founded in 2011 by Andrey Dashin, who also owns the Alpari brand. The company was built around a Cyprus entity, but its regulatory footprint has changed substantially since then. FXTM now operates under the Exinity Group name through separate regional entities rather than a single EU-based company.
FXTM says it serves more than 1 million clients in over 150 countries, with a strong presence in Africa and Asia. It does not accept residents of the US, Canada, Japan and a long list of other restricted jurisdictions, so availability depends heavily on where you live.
FXTM's regulatory picture is more complicated than a quick glance suggests. The company voluntarily surrendered its CySEC license (Forextime Ltd, 185/12) at the end of 2023, and CySEC formally withdrew that authorization effective May 2024. On CySEC's own register, Forextime Ltd is now listed as a former investment firm. Any broker comparison that still cites FXTM as CySEC-regulated is out of date.
What remains active: Exinity Limited holds an investment dealer license from the Financial Services Commission of Mauritius and is also licensed by South Africa's FSCA (FSP 50320). In the UK, Exinity UK Ltd is separately authorized by the FCA (777911) and is the only entity FXTM can use to onboard UK residents. FXTM also holds a non-dealing broker license from Kenya's Capital Markets Authority. There is no EU retail entity anymore; FXTM stopped serving EU retail clients from its Cyprus operation back in 2021, and the license surrender closed that chapter for good.
FXTM offers forex, commodities, metals, indices, stock CFDs and crypto CFDs, plus a dedicated US stocks account. Trading runs on MetaTrader 4, MetaTrader 5 and the FXTM Trader mobile app. Stock CFDs are only available on MT5.
Account types include Micro, aimed at smaller balances with a deposit as low as $10; Advantage, a spread-plus-commission account with tighter spreads and a $200 minimum; and Advantage Plus, a commission-free version with wider spreads. Leverage varies sharply by regulator: accounts under the FCA or FSCA are capped at 1:30 in line with standard retail limits, while accounts under the Mauritius entity can go far higher. Which cap applies depends on which entity you are onboarded under, which depends on your country of residence.
FXTM's main new-client promotion is a 100% deposit match up to $500, activated with a promo code on a first deposit of at least $50 into an Advantage-family account. The catch is that the match is not paid as cash: it is credited as Reward Points, and you only unlock it by trading. Every 2,000 Tier Points traded releases a block of 25,000 Reward Points, and you need 20,000 Tier Points within 30 days of your first deposit to unlock the full amount, which converts at 500 points to $1. If you do not hit the volume target in the window, you do not get the unearned portion. This offer is not available in the UK, US, Canada and a long list of other countries.
Separately, FXTM runs an always-on Rewards loyalty program that automatically enrolls live Advantage and Advantage Plus traders. You earn Tier Points on every lot traded, which set your tier status from Entry up to VIP Master, and Reward Points calculated as Tier Points times a multiplier that increases with tier. At the Entry tier the multiplier is zero, so new accounts earn nothing until they reach Bronze. Reward Points redeem for cash at the same 500-to-$1 rate and can be withdrawn once credited.
Verification follows standard AML rules: a government-issued ID and a proof-of-address document are required before withdrawals are approved. Withdrawal processing is typically same-day on FXTM's side, with arrival time depending on the method. A small transaction fee can apply to deposits or withdrawals under roughly $30, and if you deposited by card or bank transfer, withdrawals up to that amount have to go back the same way.
Because FXTM operates through several separately regulated entities, the account you actually get, and the leverage, promotions and protections that come with it, depends on where you sign up from. A trader onboarded under the FCA entity gets UK-standard leverage caps and no deposit-match bonus. A trader onboarded under the Mauritius entity gets much higher leverage and access to the welcome bonus, but weaker regulatory protection than a tier-1 jurisdiction offers.
No. FXTM's Cyprus entity voluntarily gave up its CySEC license at the end of 2023, and CySEC formally withdrew the authorization in May 2024. FXTM has no EU retail entity anymore. Its current regulators are the FCA in the UK, the FSCA in South Africa, the FSC in Mauritius and the CMA in Kenya.
Yes, but only through the FCA-regulated entity, Exinity UK Ltd (777911). UK accounts are subject to standard FCA leverage limits and UK clients are excluded from the deposit-match welcome bonus.
Up to $500, but it is paid as Reward Points rather than cash, and it is not free money on signup. You need to trade 20,000 Tier Points within 30 days of your first deposit to unlock the full amount, in blocks of 25,000 Reward Points per 2,000 Tier Points traded. If you do not hit the volume target, you do not get the remaining points.
The Micro account can be opened with as little as $10. The Advantage and Advantage Plus accounts require a $200 minimum deposit.
It depends on which regulated entity your account is opened under. Accounts under the FCA or FSCA are capped at 1:30, in line with standard retail rules. Accounts under the Mauritius entity can access much higher leverage, reflecting the lighter-touch regime there.
The welcome bonus is a one-time, capped match on your first deposit. The Rewards program is ongoing: every live Advantage or Advantage Plus account is automatically enrolled, and you earn Reward Points on every lot you trade. Points redeem at a fixed 500 points to $1 and the cash is withdrawable, but the payout per lot is small until you reach higher tiers.