Cryptocurrency Exchanges

FXTM (Imposter)

1.3 (10 reviews)
🇳🇿 New Zealand
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1.3
10 reviews
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About FXTM (Imposter)

FXTM (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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The definition of disappointment

E
Edward G.
1 months ago

I joined FXTM (Imposter) through a financial advisor and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.

Pros: Portfolio tracking tools|Reliable uptime|Detailed reporting|Regular updates

Cons: Help articles are sometimes vague|Cannot customize dashboard fully

Regulatory warning exists for this firm

N
Nathan D.
1 months ago

I looked into FXTM (Imposter) and found they appear in the regulatory warnings database. Financial Markets Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.

Cons: Flagged by international regulators|Due diligence required

Email support takes 2 weeks

P
Patrick O.
1 months ago

After for the past six months with FXTM (Imposter) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.

Pros: Regular updates|Reliable uptime|Good mobile app|Great customer service

Cons: Wish they had more educational resources

Withdrawal blocked indefinitely

C
Carl N.
5 months ago

I trusted FXTM (Imposter) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.

Pros: Tax reports included|Stable platform|Dividend tracking

Cons: None so far

Shocking lack of professionalism

J
Jennifer H.
5 months ago

The mobile app from FXTM (Imposter) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.

Pros: Fast execution|Demo account available

Cons: No phone support on weekends|Desktop app not available on Linux

Did my research - this is suspicious

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Susan A.
7 months ago

After seeing ads for FXTM (Imposter) online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.

Cons: Flagged by Financial Markets Authority|Cannot verify credentials

Stay far away from this company

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Emily M.
9 months ago

After doing some research AFTER the fact (I know, I should have done this first), I discovered that FXTM (Imposter) is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.

Cons: Lost entire investment|Reported to authorities|Unresponsive

No beneficiary designation

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Noah L.
10 months ago

What really bothers me about FXTM (Imposter) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after attending a webinar they hosted and I fell for the polished exterior. Never again.

Pros: Dedicated account manager|Multi-device support|Quick verification|Good analytical tools

Cons: Could offer more webinars

Regretting every moment spent here

W
Wyatt A.
10 months ago

Opened my account with FXTM (Imposter) after hearing about them at a conference and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.

Pros: Regular platform improvements|Fast support response|API access|Helpful community forum

Cons: Search feature is basic

Stay far away from this company

M
Maria J.
11 months ago

Tried to withdraw my funds from FXTM (Imposter) and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.

Pros: Initially responsive customer service

Cons: No regulatory oversight|Money disappeared|Fake testimonials