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% match on the first deposit only, 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, and a Refer a Friend program paid in the same points.
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 traders on Rewards Plus, Rewards and Advantage accounts in a points-based loyalty program where trading earns Reward Points that redeem for withdrawable cash at 500 points to $1.
FXTM
FXTM clients earn Reward Points worth $10 for every 2,000 Tier Points a referred friend trades, up to $100 per friend. The points redeem for withdrawable cash, but your friend has to trade heavily for you to reach the top.
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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 Any broker comparison that still cites FXTM as CySEC-regulated is out of date.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.
The current account lineup is Micro, aimed at smaller balances with a deposit as low as $10; Rewards Plus and Rewards, which earn Reward Points at higher rates; Advantage, a spread-plus-commission account with tighter spreads and a $200 minimum; and Advantage Stocks. 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% match on the first deposit only, up to $500, activated with the code HELLOFXTM on a first deposit of at least $50 into an eligible live account; FXTM says only that specific live account types qualify, so check eligibility in MyFXTM. 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. FXTM says the bonus is offered from time to time, so confirm it is running before you deposit.
Separately, FXTM runs an always-on Rewards loyalty program that automatically enrolls live Rewards Plus, Rewards and Advantage traders. You earn Tier Points on every lot traded, which set your tier status from Entry up to VIP Master, and Reward Points at a rate set by your account: FXTM's current page says Rewards Plus accounts earn up to 3X and Rewards accounts up to 2X the standard rate paid on Advantage. Reward Points only start at Bronze, so new accounts earn nothing at the Entry tier. Reward Points redeem for cash at the same 500-to-$1 rate and can be withdrawn once credited. FXTM also runs a Refer a Friend program paid in the same points: $10 for each 2,000 Tier Points your friend trades, up to $100 per friend, which works out to about 20 standard EURUSD lots for the first $10 and about 200 lots for the full $100.
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 matches your first deposit only, 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 account requires a $200 minimum deposit; check MyFXTM for the minimums on Rewards, Rewards Plus and Advantage Stocks accounts.
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 Rewards Plus, Rewards or Advantage 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.