Exinity Group is the holding company behind several retail trading brands, including ForexTime (FXTM) and Alpari. It is not a single broker. The group was launched in 2020 by Andrey Dashin, who had earlier founded Alpari in 1998 and FXTM in 2011. Because the brands share one parent but operate through separate legal entities, the regulator that actually protects your money depends on which entity you open an account with.
Why the structure matters to you
When you trade with a brand like FXTM, your contract is with one specific company, not with "Exinity" as a whole. That company holds your funds, answers to a specific regulator, and falls under a specific compensation scheme. The same brand name can route different clients to different entities based on where they live. A trader in the UK may be under the FCA; a trader in Nigeria or India is more likely under the Mauritius entity. The protections are not the same.
The licensed entities
| Entity | Regulator | License | Serves |
|---|---|---|---|
| Exinity UK Ltd | UK FCA | 777911 | Professional and institutional only |
| Exinity Limited | Mauritius FSC | C113012295 | Global retail (main) |
| ForexTime Ltd | Cyprus CySEC | 185/12 | Professional clients only (retail withdrawn 2024) |
| Exinity Capital East Africa Ltd | Kenya CMA | 135 | East Africa |
| Alpari (Comoros) Ltd | Mwali ISA | - | International |
The group also holds authorization in the United Arab Emirates (Abu Dhabi's FSRA) and South Africa's FSCA. License numbers and scopes change, so confirm the current status on each regulator's public register before you rely on a specific protection.
Client fund protection is not uniform
Exinity states that client funds are kept in segregated accounts and that negative balance protection applies where the regulator requires it. The compensation you could claim if a company fails varies by entity. UK clients of the FCA-authorised entity are covered by the Financial Services Compensation Scheme up to £85,000. Clients under the Mauritius entity are covered by the Financial Commission's investor protection fund up to €20,000. Other entities may offer segregation without a statutory compensation scheme. Read the entity named in your account agreement rather than assuming one global standard.
Regulatory track record and warnings
Exinity's brands have drawn attention from several regulators. India's Reserve Bank added related platforms to its 2022 Alert List of unauthorized trading sites. Malaysia's Securities Commission listed the brand on its 2021 investor alert. The UK FCA and Spain's CNMV have issued warnings about clone websites impersonating FXTM. African central banks, including Zimbabwe's RBZ, have warned about offshore brokers connected to the group's brands. None of these are fines from the group's primary regulators, but they show why verifying the exact entity and its local permission matters.
How to check which entity you are with
Open your account confirmation email or the client agreement. The legal entity name appears there, usually with its registration and regulator. Match that name and license number against the regulator's official register (FCA, FSC Mauritius, CySEC, CMA Kenya, or FSRA Abu Dhabi). If the entity serving your country is not authorised in your jurisdiction, local complaint channels may not apply. This single check tells you more about your real protection than any marketing claim of "2 million clients."
This article is for general information only and is not investment, legal, or trading advice. Regulatory statuses change; verify directly with the relevant authority before opening an account.