FXTM – what we know and have as facts about it; This is a trading name of ForexTime Limited, which was launched in 2011 and currently is licensed and regulated in various jurisdictions. ForexTime UK Limited is authorized and regulated by the Financial Conduct Authority (FCA) under the reference number 777911. ForexTime Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 185/12. It is also licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with the FSP number 46614. Lastly, Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius under license number C113012295. These licenses allow it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found that FXTM can act as a market maker or as a Straight Through Processing (STP) broker. In general, dealing with market makers involves a conflict of interest because they do not transmit customer deals and hope that customers will lose. Every loss of customers is their profit.
We also found that there are some posts in forums about difficulties with withdrawals, manipulating quotes, and posting false positive reviews.
So far, we have not received any complaints from customers of FXTM.com. If you have any criticism to share with us or feel annoyed by FXTM.com, please fill out the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and FXTM.com if you wish.