Broker review · Checked 25 Oct 2026

FXTM review 2026: is FXTM legit in Kenya and South Africa?

FXTM is licensed in Kenya through Exinity Capital East Africa (CMA 135) and lists M-Pesa among its payment methods. The minimum deposit is $200 and an inactivity fee starts after only three months. In South Africa its group's ODP application was withdrawn.

Founded2011
🇰🇪 CMALicence 135
🇿🇦 FSCAFSP 46614
Minimum deposit$200
M-PesaNot confirmed

By D. Kalburov, editor · Licence data from the CMA and FSCA registers · How we review brokers

Is FXTM regulated? Licence by country

🇰🇪 KenyaCMA licence 135

Regulator: Capital Markets Authority (CMA)
Local company: Exinity Capital East Africa Limited
Licence number: 135
M-Pesa: Not confirmed

🇿🇦 South AfricaFSCA licence FSP 46614

Regulator: Financial Sector Conduct Authority (FSCA)
Local company: FXTM (South Africa)
Licence number: FSP 46614

Forextime Ltd shows "Application withdrawn" on the FSCA list of OTC derivative providers, while Exinity Limited, another FXTM group company, is approved there as a foreign ODP (checked 29 Oct 2026). Check which company issues your CFDs.

A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.

About FXTM

Founded 2011 · Head office: Mauritius

FXTM (ForexTime) is part of the Exinity group. Its Kenyan company, Exinity Capital East Africa Limited, holds CMA licence 135, and FXTM has long marketed to traders in Kenya, Nigeria and Ghana. DayTrading.com notes it is no longer regulated by the UK FCA.

In South Africa our data lists FXTM under FSP 46614, but Forextime Ltd shows “Application withdrawn” on the FSCA list of OTC derivative providers. Its copy-trading service, FXTM Invest, closed in 2024.

Who FXTM suits, and who should look elsewhere

Good fit if you

are in Kenya and want M-Pesa with a CMA-licensed company
trade often enough to avoid inactivity fees

Look elsewhere if you

want to start with less than $200
want copy trading
trade only occasionally

FXTM account types and minimum deposit

Account	Minimum deposit	Pricing
Advantage	$200	Spreads from 0.0 pips plus commission
Advantage Plus	$200	Spreads from 1.5 pips, no commission

Leverage: Up to 1:400 through the Kenyan company, much higher through Exinity Ltd in Mauritius, per DayTrading.com.

FXTM fees: spreads, commission and other charges

Commission	Advantage only, charged per lot
Inactivity fee	$10 after three months without trading (not charged on empty accounts)
Small deposits	$3 charge on deposits under $30
Card withdrawals	$3 fee

Work out the cost of a trade before you place it with our pip value and profit and loss calculators.

FXTM deposits and withdrawals in Kenya and South Africa

🇰🇪 Kenya

Licensed company: Exinity Capital East Africa Limited, CMA licence 135.
M-Pesa is listed as a payment method by DayTrading.com and Kenyan Wall Street, with fast processing.
Local bank transfers are also offered in Ghana and Nigeria.

🇿🇦 South Africa

FSP 46614 in our data (FXTM South Africa).
Forextime Ltd shows “Application withdrawn” on the FSCA list of OTC derivative providers.

M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.

FXTM trading platforms

Is your money safe with FXTM?

CMA licence in Kenya.
Segregated client funds and negative balance protection, per DayTrading.com.
No longer FCA-regulated.

FXTM pros and cons

Pros

CMA-licensed Kenyan company
M-Pesa listed
Low-cost Advantage account for active traders

Cons

$200 minimum deposit
Inactivity fee after only three months
Copy trading closed
No approved ODP in South Africa

Our real-money test of FXTM

Coming

We will open a FXTM account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.

FXTM withdrawal time: reports from traders

How long do FXTM withdrawals really take?

Loading reports…

Median of reports from traders. Not checked by us; our own tests are marked separately.

Withdrawal stuck or refused at FXTM? Get a ready complaint letter and the right regulator contact with our complaint desk →

FXTM: questions people ask

Is FXTM regulated in Kenya?

Yes. In Kenya, FXTM operates through Exinity Capital East Africa Limited, which holds CMA licence 135. Check that this company is named on your client agreement, not an offshore company of the same brand.

Is FXTM regulated by the FSCA in South Africa?

Yes. In South Africa, FXTM operates through FXTM (South Africa), which holds FSCA licence FSP 46614. Check that this company is named on your client agreement, not an offshore company of the same brand. Forextime Ltd shows "Application withdrawn" on the FSCA list of OTC derivative providers, while Exinity Limited, another FXTM group company, is approved there as a foreign ODP (checked 29 Oct 2026). Check which company issues your CFDs.

What is the FXTM minimum deposit?

$200, according to DayTrading.com.

Does FXTM accept M-Pesa?

Yes, M-Pesa is listed for Kenyan clients.

Does FXTM charge an inactivity fee?

Yes, $10 after three months without trading, unless the account is empty.

Sources for this review (checked 25 Oct 2026)

Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.