ANSWER FXTM is a brand name of Exinity Group. Currently, it holds licenses from four financial authorities:1) Exinity Capital East Africa Limited is regulated by the Capital Markets Authority of the Republic of Kenya (Kenya CMA) with license number 135;2) Exinity UK Limited is authorized and regulated by the Financial Conduct Authority (FCA) with license number 777911;3) Exinity Limited is regulated by the Financial Services Commission of the Republic of Mauritius (Mauritius FSC) with license number C113012295, and licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 50320.Oversight by financial watchdogs is crucial in ensuring a forex broker's adherence to regulatory standards and in providing legal channels for investors to protect their interests should any issues arise with the brokers they supervise. This oversight contributes to the greater reliability of regulated brokers compared to their unregulated counterparts. However, it's important to recognize that regulations do not entirely eliminate the risk of brokers breaching these rules. As such, even though FXTM is a licensed broker, we strongly advise you to conduct further research on the broker by reviewing news articles and customer feedback.BrokersView, as a global broker review platform, offers valuable insights and information about FXTM. We invite you to explore our website for pertinent details regarding their services. Additionally, it is recommended to experiment with their Demo account before engaging in real-money transactions, which can provide a practical understanding of their trading conditions.Undertaking comprehensive research is wise before investing your finances.
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