FXTM Review 2026
Full FXTM review for Kenya traders — regulation, spreads, fees and our honest verdict.
Regulation in Kenya
| Regulator | CMA — Capital Markets Authority (CMA) |
| Licence Number | 2610 |
| Regulated Entity | Forextime Kenya |
| 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 |
Verdict
Regulated by CMA (licence 2610). Minimum deposit $10. In Kenya: maximum forex leverage 1:400.
About FXTM
FXTM was founded in 2011 and is headquartered in Limassol, Cyprus. The broker offers 1,000 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by Forextime Kenya under CMA.
In Kenya, FXTM operates as Forextime Kenya, authorised by CMA under licence number 2610. Kenya traders are subject to a maximum leverage of 1:400 on forex pairs under CMA rules.
Trading Platforms
Pros
- CMA regulated — licence 2610
- 1,000+ instruments to trade
- Negative balance protection in Kenya
- Platforms: MT4, MT5
- Copy trading available
Cons
- Inactivity fee: USD5/month after 6 months
- 78% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Key Facts About 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?
FXTM holds CMA licence 2610, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official CMA public register.
What is the minimum deposit for FXTM in Kenya?
The minimum deposit is $10. This is the amount required to open a live trading account for traders in Kenya under CMA regulation.
What leverage does FXTM offer in Kenya?
In Kenya, FXTM offers maximum forex leverage of 1:400 under CMA rules. Higher leverage may be available through offshore-regulated entities.
Is FXTM safe to trade with?
FXTM is regulated by CMA, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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