Is FXTM a Scam? Regulation Check 2026
We checked FXTM's licence in the official CMA register. Here is what the public records say.
Verdict
FXTM is NOT a scam. It holds CMA licence 2610, authorising it to offer trading services in Kenya.
How to verify on the official register
| Regulator | CMA Capital Markets Authority (CMA) |
| Licence Number | 2610 |
| Regulated Entity | Forextime Kenya |
| Founded | 2011 |
What CMA regulation means
CMA-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with CMA directly.
What CMA regulation means for your money
- Client funds held in segregated bank accounts, separate from FXTM's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with CMA if FXTM fails to resolve your issue
- FXTM submits to regular independent financial audits under CMA oversight
Frequently Asked Questions
Is FXTM a scam or legitimate?
FXTM is NOT a scam. It holds CMA licence number 2610. CMA is one of the world's most respected financial regulators. The licence is publicly verifiable in the CMA official register.
How do I check FXTM's CMA licence?
Go to the official CMA website and use the public register search. Search for licence number 2610 or the entity name. The record will confirm FXTM's authorisation status and the scope of its permissions.
Are my funds safe with FXTM?
As an CMA-regulated broker, FXTM must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if FXTM encounters financial difficulties.
What protection do I have as a FXTM client in Kenya?
In Kenya, FXTM operates under CMA supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with CMA.
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