FXTM Review 2026
The full FXTM write-up for South Africa traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in South Africa
| Regulator | FSCA, Financial Sector Conduct Authority (FSCA) |
| Licence Number | 46614 |
| Regulated Entity | Forextime South Africa |
| Max Leverage (Forex) | 1:400 |
| Minimum Deposit | $10 |
| EUR/USD Spread | From 0.1 pips |
| Instruments | 1,000+ |
| Platforms | MT4, MT5 |
| Copy Trading | ✓ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD5/month after 6 months |
| Verify on FSCA register → | 46614 |
Verdict
Cooks under FSCA (licence 46614). Cover charge $10. In South Africa, forex leverage is capped at 1:400.
About FXTM
FXTM opened its doors in 2011 out of a kitchen in Limassol, Cyprus. Its menu runs to 1,000 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by Forextime South Africa under FSCA.
In South Africa, FXTM serves as Forextime South Africa, cleared by FSCA under licence number 46614. Under FSCA house rules, South Africa traders are poured no more than 1:400 leverage on forex pairs.
Trading Platforms
Pros
- FSCA regulated, licence 46614
- 1,000+ instruments to trade
- Negative balance protection in South Africa
- Platforms: MT4, MT5
- Copy trading available
- Founded in 2011 (15 years operating)
- Licences in 5 jurisdictions
Cons
- Inactivity fee: USD5/month after 6 months
- 78% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Key Facts, FXTM
- Regulated by CySEC (EU), FCA (UK), FSC (Mauritius) and CMA (Kenya) across 4 jurisdictions
- FXTM Invest copy trading features verified track records with audited performance history
- Strong localised presence in Africa and Middle East with 24/7 support in local languages
Known Limitations
- EU/UK entities capped at 1:30 leverage; high leverage via FSC entity
- No share CFDs on ECN accounts
- Withdrawal processing times reported slower than ECN-first brokers by some clients
Frequently Asked Questions
Is FXTM regulated?
Yes. FXTM is authorised by FSCA, issued to the entity Forextime South Africa, an authorisation you can look up for yourself on the official FSCA public register.
What is the minimum deposit for FXTM in South Africa?
The cover charge is $10, the smallest amount South Africa traders need to open a live account with FXTM under FSCA rules.
What leverage does FXTM offer in South Africa?
In South Africa, FSCA rules cap FXTM at 1:400 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is FXTM safe to trade with?
The kitchen passes inspection: FXTM cooks under FSCA. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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