FXTM regulation

Trying to find out whether FXTM is regulated? Not sure which authorities are overseeing FXTM and why this matters?

Rest assured, the lack of regulation at FXTM is not a reason for worry. Our brokerage experts have determined that FXTM is a fully regulated broker, overseen in Cyprus (and license from South Africa), UK, Mauritius. We gathered all the information on the regulatory profile of FXTM and will explain why this matters.

Why FXTM is trustworthy

Why [Broker name] is trustworthy

Krisztián Gátonyi

Forex • Market Analysis • Algo Trading

I have more than 15 years of experience as a forex trader, actively trading on a daily basis with many currency pairs. I put great emphasis on risk management and self-discipline: I keep a trading journal to help me stick to my strategy, and I have sharpened my keen sense of broker safety by testing more than 50 forex brokers.

Learn about our methodology

Krisztián Gátonyi

Forex • Market Analysis • Algo Trading

I have personally tested several brokers globally and I am familiar with the regulatory and licensing procedures of at least a dozen financial authorities globally. Here are my key insights into the regulatory status of FXTM as of September 2024:

• FXTM operates under a very strict regulator, which is vital for the safety of your money if you have an account with the broker.
• FXTM must separate client funds/assets from its own operations; this makes all the difference for the safety of your investments.
• Explore the services of FXTM in our comprehensive FXTM review for 2024 and browse other top-tier regulated brokers with our unique Find My Broker tool.

Think of a broker with strict regulatory oversight like a lifeguard at the beach. Just as the lifeguard keeps you safe in the water, offering immediate help when you need it, brokers operating with top-tier regulation protect your investments. They make sure your investments are secure and handled with integrity and transparency.

FXTM has the following regulation:

• UK - Financial Conduct Authority (FCA)
• International clients except USA, Japan, Alberta, British Columbia, Quebec, Saskatchewan, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus - Financial Services Commission of Mauritius (FSC)

Why does all this matter? We are contacted by an alarming number of people who ended up working with unregulated brokers and they share with us some sad and frightening stories. Here’s an example.

Marco invested a substantial amount using what appeared to be a credible online trading platform. Initially, his investments showed gains, and he was able to make several withdrawals without issues. Encouraged, he increased his investments, but when he tried to withdraw some profits after a successful trade, his requests went unanswered, and customer service became unreachable. Further investigation revealed the broker was not regulated by any financial authority. Eventually, the platform vanished overnight, taking John's investments with it, leaving him with no recourse to recover his funds.

Choosing a broker with top-tier regulation means you're in safe hands. This level of strict oversight ensures that your investments are protected, you're getting fair pricing, and trading conditions are transparent and favorable.

As a broker with top-tier regulation, FXTM is legally required to keep the funds and assets of its clients separate from its own money. This is a game changer in terms of the safety of your investments.

Client fund segregation is like having your money in a separate safe from FXTM’s own cash. Thus, if your broker ever runs into financial trouble, your funds won't be touched to settle their debts - they're entirely off-limits. It’s a crucial setup because it protects your money, ensuring that what you’ve invested stays secure and accessible only to you. This segregation is a requirement imposed by top-tier regulators and not something you can request your broker to do. You will only have access to this safety net if your broker has the appropriate regulation.

In the highly unlikely event that FXTM commits fraud and uses client assets for its own purposes, you can still recover your money if you have access to investor protection.

Protection matters for you because the investor protection amount and the regulator differ from entity to entity.

*There's however a protection provided by an international organization in which FXTM is a member. FXTM's Exinity Ltd. entity is a member of The Financial Commission, which aims to resolve disputes within the financial services industry. It offers a maximum €20,000 protection but it is not a certain guarantee, and not all clients are eligible as not the entire client base is covered. Because it is not a standard investor protection scheme, it may be less effective, therefore we excluded it from our table.
FXTM provides negative balance protection for forex spot and CFD trading.

For detailed insights into trading conditions, costs, and service quality at FXTM, check out BrokerChooser's FXTM review for 2024. All our broker reviews are based on the analysis of nearly 600 data points and direct experience. When we review a broker, we go hands-on by opening a real-money account and trading on its platforms, giving us a complete view of what it offers and how it performs.

The BrokerChooser team has personally tested and reviewed more than 100 brokers globally, all of which have top-tier regulation. All our experience and expertise is included in the Find My Broker tool. Simply answer a few questions and get a personalized broker list.