Search

For more information about FXTM Forex Broker company profile, come to WikiBit!

Rating Index

WikiFX Detection

Software Index

Full License

Risk Control

Risk Manage

FXTM Company

  

FXTM Company Overview

  

Founding Date and Background

  FXTM, also known as ForexTime, was established in 2011. The company quickly positioned itself as a notable player within the online trading industry, focusing primarily on forex and contract for difference (CFD) trading. FXTM's commitment to providing a transparent trading environment and comprehensive educational resources has played a significant role in its growth.

  

Parent Company/Owership Structure

  FXTM operates under the Exinity Group, which is the parent company overseeing its various operations across different regions. This structure allows FXTM to leverage the expertise and resources of a larger financial services organization.

  

Headquarters Location

  The headquarters of FXTM is located in Limassol, Cyprus. The broker also has offices in several other countries, including the United Kingdom, Nigeria, South Africa, and Kenya, which helps to facilitate its global operations.

  

Global Business Scope

  FXTM serves a diverse clientele of over 4 million traders worldwide, offering trading services across a broad spectrum of financial instruments. The broker's global reach is supported by its regulatory compliance in multiple jurisdictions.

  

Main Regulatory Bodies

  FXTM is regulated by several reputable authorities, including:

  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Conduct Authority (FCA) in the UK
  • Financial Sector Conduct Authority (FSCA) in South Africa
  • Capital Markets Authority (CMA) in Kenya
  • Financial Services Commission (FSC) in Mauritius

  These regulatory affiliations enhance FXTM's credibility and ensure compliance with industry standards.

  Back to top

  

Company History and Development

  

Key Milestones

  Since its inception, FXTM has achieved several significant milestones. The broker quickly gained recognition for its robust trading conditions and educational offerings. Over the years, FXTM has expanded its services to include a wider range of financial instruments and trading platforms.

  

Business Expansion Journey

  FXTM's expansion has been marked by the opening of offices in key financial markets, allowing it to cater to a growing international client base. The company has continually adapted its offerings to meet the demands of traders in various regions, enhancing its global presence.

  

Customer Base Growth

  FXTM has experienced substantial growth in its customer base, reaching over 4 million registered users. This growth is attributed to its focus on customer service, educational resources, and competitive trading conditions.

  

Platform Development History

  FXTM offers multiple trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The introduction of the FXTM Trader app has also enhanced the trading experience, enabling users to trade on the go. The broker continually updates its technology to ensure a seamless trading experience.

  

Important Awards or Recognitions Received

  FXTM has received numerous awards for its services, including recognition for its trading conditions and educational initiatives. Notable awards include "Best Forex Broker in Africa" and "Best Forex Education Provider," showcasing the broker's commitment to excellence in the industry.

  Back to top

  

Trading Services Offered

  

Forex Trading Options

  FXTM provides access to a wide array of forex trading options, offering over 59 currency pairs. This includes major, minor, and exotic pairs, catering to traders with various strategies and preferences.

  

Stock Trading Options

  The broker offers a robust selection of stock CFDs, allowing traders to speculate on the price movements of over 600 equities. This enables traders to diversify their portfolios beyond forex trading.

  

CFD Trading Products

  FXTM specializes in CFD trading across multiple asset classes, including indices, commodities, and cryptocurrencies. The availability of these products allows traders to take advantage of market movements without owning the underlying assets.

  

Other Financial Instruments

  In addition to forex and stock trading, FXTM provides access to commodities such as gold, silver, and oil, as well as a selection of cryptocurrencies. This diverse range of instruments allows traders to hedge against market volatility and explore various trading strategies.

  

Special Services or Unique Advantages

  FXTM differentiates itself through its comprehensive educational resources, including webinars, seminars, and trading tools. The broker also offers a demo account for new traders to practice their skills without risking real money. Additionally, FXTM provides competitive spreads and low commissions, enhancing the trading experience.

  Back to top

  

Regulatory and Legal Background

  

Detailed Regulatory Information

  FXTM is regulated by multiple authorities, ensuring a high level of oversight and client protection. The following regulatory bodies oversee FXTM's operations:

  • CySEC (Cyprus)
  • FCA (United Kingdom)
  • FSCA (South Africa)
  • CMA (Kenya)
  • FSC (Mauritius)

  These regulations require FXTM to adhere to strict standards regarding client fund protection and operational transparency.

  

  FXTM operates under different legal entities depending on the region:

  • FXTM Ltd is regulated by CySEC in Cyprus.
  • Exinity UK Ltd is regulated by the FCA in the United Kingdom.
  • Exinity Capital East Africa Ltd is regulated by the CMA in Kenya.
  • Exinity Ltd is regulated by the FSC in Mauritius and the FSCA in South Africa.

  This structure allows FXTM to comply with local regulations while providing a consistent trading experience across regions.

  

Client Fund Protection Measures

  FXTM takes client fund protection seriously, implementing measures such as segregated accounts. Client funds are held in separate accounts from the company's operational funds, ensuring that they are protected in the event of financial difficulties. Additionally, the broker provides insurance coverage for client funds up to $1 million.

  

Countries/Regions Served

  FXTM serves clients from over 150 countries, although some regions are restricted due to regulatory limitations. Notable regions where FXTM does not operate include the United States, Canada, and several others.

  

Compliance History

  FXTM has maintained a strong compliance record, consistently meeting regulatory requirements across its operating jurisdictions. The broker's commitment to transparency and ethical practices has contributed to its positive reputation in the industry.

  Back to top

  

Competitive Landscape

  

Main Competitors

  FXTM faces competition from several well-established brokers in the forex and CFD trading space. Key competitors include:

  • IG Group – A leading broker known for its wide range of instruments and strong regulatory standing.
  • OANDA – Offers competitive spreads and a robust trading platform, appealing to both retail and institutional traders.
  • eToro – Known for its social trading features and user-friendly platform, attracting a younger demographic of traders.
  • XM – Offers a wide range of trading instruments and competitive trading conditions, appealing to a global audience.
  •   

    Positioning in the Industry

      FXTM positions itself as a broker that offers a comprehensive trading experience, combining competitive pricing with extensive educational resources. This positioning allows FXTM to appeal to both novice and experienced traders.

      

    Market Differentiation Factors

      FXTM differentiates itself through its strong focus on education and customer support. The broker provides a wealth of resources to help traders improve their skills and knowledge, setting it apart from competitors that may not offer the same level of educational support. Additionally, FXTM's commitment to regulatory compliance and client fund protection enhances its reputation as a trustworthy broker.

      Back to top

      In conclusion, FXTM has established itself as a reputable player in the online trading industry since its founding in 2011. With a diverse range of trading services, strong regulatory oversight, and a commitment to customer education, FXTM continues to attract a global clientele. As the trading landscape evolves, FXTM's focus on innovation and compliance will likely play a crucial role in its future growth and success.

      To learn more about FXTM's offerings and services, visit FXTM's official website.