FxPro's website
FXTM in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%0
- Round-turn cost20%100
- Safety20%no data
- Payouts15%80
- Track record10%75
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with FXTMThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Not served — FXTM does not accept Indian residents.
- Local standing
- Restricted/prohibited: RBI-SEBI-FEMA bar offshore margin FX/CFDs for residents; only INR-pair exchange derivatives are legal.
- Licence as the register states it
- No SEBI registration; not an authorised Indian broker.
- Leverage for this entity
- N/A — not offered to Indian residents (domestic exchange FX is very low leverage).
- The firm behind it
- FXTM founded 2011 Cyprus, Exinity group; 2M+ clients / 150 countries, India excluded.
- What we hold against it
- Historical RBI-warning-list style complaints against offshore brokers serving India; FXTM now lists India as non-served.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Client protection
- Local entity onboards youRestricted/prohibited: RBI-SEBI-FEMA bar offshore margin FX/CFDs for residents; only INR-pair exchange derivatives are legal.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: N/A for India. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where FXTM sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 4 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 100 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:5000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Deposit and withdrawal methods (1 methods · 0 local rails)
N/A — Indian clients not onboarded.
- Account currency
- N/A; no INR account.
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(19 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- MT4
- MT5
| Class | Min spread | Leverage |
|---|---|---|
| MT4 | 1.5 | 5000IN |
| MT5 | 1.5 | 5000IN |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 2.8 | 92 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Round turn 4 USD on the raw + commission basis, under the India median 7
- Withdrawal in 24 h, one of 74 of 90 brokers here that publish a time
- Round-turn cost 100 of 100, its strongest of 6 scored axes
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Min deposit 100 USD, over the India median 15
- Reviews 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 6IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500 group
- Rank in this country
- #32
- Round turn, USD
- 5IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500IN
- Rank in this country
- #50
- Round turn, USD
- 3.5IN
- Min deposit, USD
- 5IN
- Leverage
- 1000IN
- Rank in this country
- #31
- Round turn, USD
- 3.1IN
- Min deposit, USD
- 1 groupIN
- Leverage
- 2000IN
- Rank in this country
- #43
- Round turn, USD
- 4IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 2000IN
- Rank in this country
- #48
- Round turn, USD
- 6IN
- Min deposit, USD
- 50IN
- Leverage
- 500IN
- Rank in this country
- #27
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | FXTM |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 0 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 75 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does FXTM accept residents of India?
- No. Restricted/prohibited: RBI-SEBI-FEMA bar offshore margin FX/CFDs for residents; only INR-pair exchange derivatives are legal. Onboarding entity: Not served — FXTM does not accept Indian residents.
- Is FXTM licensed to serve clients in India?
- No SEBI registration; not an authorised Indian broker. Checked on 09.07.2026.
- How much does one round turn cost at FXTM?
- About 4.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does FXTM offer to retail clients in India?
- Up to 1:5000. Get leverage up to 1:5000 and trade commission-free.
- Which trading platforms does FXTM support?
- MT4, MT5. Instruments: N/A for India.
- How can I withdraw money from FXTM in India?
- N/A — Indian clients not onboarded.
- What account types does FXTM offer?
- N/A for India.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.