Is FXTM Regulated by the BaFin as of 2025

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Ryan Hardy sitting before his forex trading desk
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FXTM is a forex and CFD broker offering online trading services to traders and investors worldwide. The broker provides a diverse range of trading instruments, including Forex, Metals, Stocks,Commodities, Indices, cryptocurrency. It also supports multiple trading platforms and tools such as  MT4 MT5, WebTrader, Mobile Trading.

Although FXTM is regulated by several authoritative bodies, including CySEC, CMA, FCA, FSCA, FSC-Mauritius, it is not regulated by BaFin. In this article, we will explore FXTM’ regulations, and its features, and provide a list of alternative brokers that are regulated by BaFin.

Does FXTM Operate Under BaFin?

No, FXTM does not operate under BaFin regulations. The broker is regulated by several other reputable financial authorities, including the CySEC, CMA, FCA, FSCA, FSC-Mauritius. These regulatory bodies ensure compliance with various standards for financial stability, transparency, and investor protection, though they do not provide the specific protections offered by the BaFin in the UK.

What Other Regulations Does FXTM Have?

FCA (Financial Conduct Authority)

FXTM is regulated by the Financial Conduct Authority (FCA) in the UK. The FCA, established in 2013, is responsible for regulating financial markets and firms in the United Kingdom.

The FCA requires FXTM to adhere to strict guidelines for financial conduct, including maintaining adequate capital, safeguarding client funds, and ensuring transparency in its operations. This includes keeping client money separate from company funds and providing regular financial reports. FCA regulation helps ensure that FXTM operates securely and fairly, offering a high level of protection and trust for clients in the UK and across Europe

CySEC (Cyprus Securities and Exchange Commission):

FXTM is regulated by CySEC. Established in 2001, Cysec is Cyprus’s financial regulator. Since Cyprus joined the European Union in 2004, CySEC’s regulations align with the MiFID directive, ensuring compliance with EU-wide financial standards and investor protection. This regulation allows the broker to offer services across the European Economic Area (EEA) under the MiFID II directive, ensuring investor protection and transparency. CySEC regulation requires brokers to follow strict guidelines for handling client funds, including segregation and periodic reporting.

CMA (Capital Markets Authority – Kenya):

FXTM is licensed and regulated by the CMA in Kenya. Founded in 1989, The CMA of Kenya regulates the Kenyan capital markets, including forex trading. The CMA allows a maximum leverage of 1:400 and ensures that financial institutions adhere to standards for transparency, fairness, and investor protection. It is operated by the Kenyan government. For more information, visit the CMA website.

FSCA,

FXTM is regulated by the Financial Services Board (FSB) of South Africa. The FSB, established in 1990, was the financial regulatory authority in South Africa responsible for overseeing non-banking financial institutions before being replaced by the Financial Sector Conduct Authority (FSCA) in 2018.

Under FSB regulations, FXTM was required to maintain strict standards, including holding adequate capital, protecting client funds by segregating them from company assets, and ensuring transparency through regular financial reporting. This regulation helped ensure that FXTM operated securely and reliably, offering a safe trading environment for clients in South Africa.

FSC-Mauritius

FXTM is regulated by the Financial Services Commission (FSC) of Mauritius. The FSC, established in 2001, is the regulatory authority overseeing the financial services sector in Mauritius.

The FSC requires FXTM to comply with regulations that ensure the safety and transparency of its operations. This includes maintaining adequate capital, protecting client funds by keeping them separate from company assets, and providing regular financial reports. These requirements help ensure that FXTM operates securely and reliably for clients in Mauritius, fostering trust and integrity in its trading services.

Best Bafin Regulated Forex Brokers: Alternatives to FXTM

FXTM is one of the leading forex and CFD brokers. The broker is not regulated by BaFin. It is regulated by other top-tier regulators including CySEC, CMA, FCA, FSCA, FSC-Mauritius. There are several BaFin regulated brokers that can serve as alternatives to FXTM. These brokers include: 

Pepperstone

Pepperstone

  • Founded In:  2010
  • Minimum Deposit: $0, Recommended: $200
  • Maximum Leverage: 500:1
  • Regulations: FCA, ASIC, CySEC, BaFIN, DFSA, CMA, and SCB
  • Trading Platforms : MT4, MT5, cTrader, TradingView and Own Trading Platforms
  • Trading Instruments: Forex, Commodities, Indices, Currency Indices, Cryptocurrencies, Shares, ETFs, and CFD Forwards.
CMC Markets

CMC Markets

  • Founded In:  1989
  • Minimum Deposit: $0
  • Maximum Leverage: 1:500
  • Regulations : FCA, ASIC, BaFin, IIROC, FMA, MAS
  • Trading Platforms : MT4 , Share trading platforms
  • Trading Instruments: Forex Major, Forex Crosses, Forex Minor, Metals, Oil , CFD, Stock indices
IG

IG

  • Founded In:  1974
  • Minimum Deposit: $0
  • Maximum Leverage: 1:200
  • Regulations: ASIC, FCA, JFSA, SFC (Hongkong), FSCA, MAS, FMA, GmbH, FINMA 
  • Trading Platforms: MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
  • Trading Instruments: Forex, indices, Cryptocurrencies, Shares, Commodities
MultiBankFX

MultiBankFX

  • Founded In:  2005
  • Minimum Deposit: $50
  • Maximum Leverage: 1:500
  • Regulations: ASIC, Austrac, Bafin, CIMA, ESCA,  CySEC, FSC, FMA, MAS, TFG,  VFSC, FSCM, FSAS
  • Trading Platforms: MT4, MT5, Multibank-Plus
  • Trading Instruments: Forex, Metals, Shares,  indices, Commodities, Cryptocurrencies
XTB

XTB

  • Founded In:  2002
  • Minimum Deposit: $0
  • Maximum Leverage: 500:1
  • Regulations: FCA, CySEC, CNMV, KNF, FSC(Belize)
  • Trading Platforms : xStation 5 , xStation Mobile
  • Trading Instruments: Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs

These brokers operate under BaFin  regulation. According to BaFin rules, they offer leverage up to 30:1 and provide negative balance protection for retail traders. To learn more about BaFin-regulated forex brokers, you can read our content on the best BaFin-regulated forex brokers.

How Can I Verify If My Broker is Bafin Regulated?

To verify if your broker, such as FXTM, is regulated by the BaFin, follow these steps:

  1. Find the Broker’s Reference Number or Name: Obtain this information from the broker’s website.
  2. Search the BaFin Register: Visit the Bafin Financial Services Register and enter the broker’s reference number or name.
  3. Check the Broker’s Authorization: Ensure that the broker is authorized to provide “Rolling spot forex contract” services to retail customers in the UK.
  4. Match Firm Details: Verify that the details on the BaFin website, such as the broker’s website and email, match those provided by the broker. Any discrepancies might indicate an unauthorized broker, and you should avoid trading with them.

Frequently Asked Questions ( FAQs)

What is FXTM?

ForexTime (FXTM) was founded in 2011. The broker facilitates the trading of over 1,000 forex, CFDs, and real US stocks on its MT4, MT5, and FXTM trader platforms. FXTM states that it has over 1 million clients from over 150 countries and has won over 45 industry awards for excellent services.

Is FXTM Considered Safe?

Yes, FXTM is considered safe. The broker is regulated by multiple top-tier regulatory authorities, including CySEC, CMA, FCA, FSCA, FSC-Mauritius. It offers negative balance protection and holds client funds in segregated bank accounts. Additionally, FXTM provides an investor protection scheme for clients regulated under FCA and CySEC, making it a reliable and trustworthy broker.

Does FXTM Offer Negative Balance Protection?

Yes, FXTM offers negative balance protection. All BaFin-regulated brokers must offer negative balance protection. Negative balance protection means that traders are protected from losing more money than they have in their trading accounts. If a trade results in losses that exceed the amount of funds in the account, negative balance protection ensures that the trader’s balance cannot go below zero. This prevents the trader from owing the broker any additional money.

Is FXTM regulated in Australia?

No, FXTM is not regulated in Australia. The broker is not regulated by ASIC, the Australian regulator. However, it accepts Australian clients under its global entity. FXTM is regulated by several other authorities, including CySEC, CMA, FCA, FSCA, FSC-Mauritius.