Our editorial policy exists for one reason: to make sure everything we publish about FXTM and the Indian brokerage market can be traced back to a named source, a specific date, and a verifiable fact. If we cannot point to where a number came from, we do not print it.
We are an independent editorial team, not an affiliate desk writing copy for a single brand. Brokers do not review our drafts before publication, and no partner arrangement changes a verdict. That distinction matters more in India than in most markets, because the gap between what offshore platforms advertise and what RBI and SEBI actually permit residents to do is wide, and readers deserve a source they can check rather than a promise they cannot.
How we source a claim
Every factual statement on this site carries a provenance. If a figure appears in our tables, it came from a regulator's own publication, a broker's own disclosure, or an aggregated broker dataset that we name as such. When the source is a regulator, we say which one and link to it. When the source is the broker, we say so plainly, because a broker describing its own spreads is not the same as an independent measurement.
FXTM is a real, long-established firm: founded in Cyprus in 2011, part of the Exinity group, with more than two million clients across roughly 150 countries. None of that history changes the fact that, for an Indian resident, the answer to "can I open an account" is no. FXTM does not accept Indian residents, and it holds no SEBI registration. We publish both halves of that picture, not just the flattering one.
| Claim type | Where we verify it | What we do if unverified |
|---|---|---|
| Licence and registration status | Regulator registers (SEBI, RBI, FSCA, CySEC) | We say "not verified at review" |
| Costs, spreads, commissions | Broker's own published schedule | We label it as broker-stated |
| Leverage and margin terms | Broker disclosure plus local rules | We quote the local rule, not the ad |
| Payment and funding rails | Regulator guidance and broker pages | We omit rather than guess |
We do not cite review aggregators, forum threads, or "traders report" phrasing as a source. If we did not read a document, we do not imply that we did.
The India access question
FXTM does not serve Indian residents. There is no SEBI registration for the entity, so it is not an authorised Indian broker. Under RBI and FEMA rules, retail margin forex and CFD trading with offshore platforms is not permitted for residents, and remitting money abroad for that purpose is not an allowed end-use under the Liberalised Remittance Scheme. The RBI Master Direction on Electronic Trading Platforms also bars operating a forex ETP in India without authorisation. Residents may trade INR-based currency pairs and permitted cross-currency derivatives on SEBI-recognised exchanges - NSE, BSE, and MSE - and that channel is a different market with different mechanics.
Globally, FXTM runs MT4 and MT5 across desktop, web, and mobile, with Standard, Cent, and ECN account ranges and swap-free options depending on the licence. For India, all of that is marked not applicable.
| Item | Global position | Position for India |
|---|---|---|
| Platforms | MT4, MT5, FXTM app | Not offered to residents |
| Account types | Standard, Cent, ECN, Advantage | Not available |
| Base currency | Multiple, including USD | No INR account |
| Local funding | Region-dependent rails | Not onboarded |
| Islamic account | Available in some regions | Not applicable |
The editorial rule we apply here is simple: we never describe a feature as available to a reader who cannot use it. Every time we mention a platform or account type, we say who it is actually for.
What we will not publish
There are statements we refuse to run regardless of how well they would rank. This is a short list, and it is enforced on every page.
- We do not call a licensed broker "unregulated." FXTM holds licences in other jurisdictions; the accurate statement is that it has no SEBI registration and does not accept Indian residents.
- We do not describe the Indian regulatory position as a "restricted status." If a practice is not permitted under RBI and FEMA rules, we write that it is not permitted.
- We do not quote a leverage figure that applies to a different region as if it applied here. Offshore platforms advertising 100x to 1000x to Indian residents are advertising something residents cannot legally use.
- We do not present a broker's promotional offer as a benefit without noting where that entity sits and who it is open to.
- We do not cite an unnamed "independent review" or a forum consensus as evidence.
Readers sometimes ask why we bother covering a broker that does not onboard their country. The search happens anyway, and the honest version of the answer is more useful than a page that pretends access exists and collects a signup fee. If you are looking for FXTM's India terms, the accurate article is the one that tells you the terms do not exist.
| Licence it holds | No SEBI registration |
|---|---|
| What it covers here | Restricted/prohibited: RBI-SEBI-FEMA bar offshore margin FX/CFDs for residents |
| What it does not cover | FXTM is not fully equivalent to a top-tier broker under FCA/CySEC/ASIC/SCA-class supervision because its Kenya-licensed entity sits in a lower |
| Where to check | brokerchooser.com/broker-reviews/fxtm-review/fxtm-india; fxtm.com |
Where our process has limits
We are not a regulator and we do not audit brokers. We read what is published, verify against primary sources where available, and date every review. Below is what that approach cannot do.
| + | Forex / CFDs | available |
| – | Local stocks | not available |
| – | US stocks | not available |
| – | Crypto | not available |
| – | Commodities | not available |
- We cannot confirm the internal execution quality of any broker, because that requires live order flow we do not have access to.
- We cannot verify a broker's financial statements beyond what the firm or its regulator publishes.
- We cannot keep pace with a rule change the day it happens. Indian margin circulars and RBI press releases update on their own schedule, so we tell you where to check rather than claiming we are current.
- We cannot test an onboarding flow we are not eligible to enter, which is precisely the case for FXTM and Indian residents.
On the tax side, we keep to general statements and point you to the authority. Profits from exchange-traded currency derivatives are generally treated as non-speculative business income and taxed at the individual's slab rates, while intraday positions fall under speculative business income with different loss set-off and carry-forward treatment. Residents must declare worldwide income and foreign assets. The tax authority is the Income Tax Department under the CBDT. We do not give individual tax advice, and you should not treat a summary on this page as a substitute for it.
Correcting the record
If we get something wrong, we fix it and we say that we fixed it. Corrections are logged with the date, the original wording, and the corrected wording. We do not silently edit a published figure, because a reader who compared two versions of the same page deserves to understand which one is current.
- Suits
- N/A for India
- Swap-free
- N/A for India
- Does not suit
- FXTM is not fully equivalent to a top-tier broker under FCA/CySEC/ASIC/SCA-class supervision because its Kenya-licensed entity
- Currency note
- N/A
Corrections reach us through the contact route listed in the site footer. We do not require you to be a customer, a partner, or a broker to file one. Regulator updates take priority: if SEBI, RBI, or the CBDT publishes something that contradicts a line on this site, that line gets reviewed before anything else in the queue.
Who this approach is for
An editorial policy is only worth having if it changes what you can do with what you read. Ours is built so that a reader in India can take any claim on this site, find its source, and check it in a few minutes.
| Platform | Runs on | Best for |
|---|---|---|
| MT4 | - | Forex and CFDs, expert advisors |
| MT5 | - | Multi-asset, more timeframes |
Say yes if you want to verify a regulator claim yourself before acting on it, if you would rather see "not available in your region" written plainly than implied, or if you use these pages as a starting point for your own checks with SEBI and RBI. Say no if what you want is a page that assumes you can sign up and skips the access question, or a single verdict with no traceable reasoning behind it.
That is the trade. We give up some of the easy, high-converting phrasing in exchange for being the page you can check. For a market where the advertised product and the permitted product are so far apart, that exchange is worth making.
