Exinity Review for Indian Traders

If you are researching Exinity from India, the most important thing to know is that there is no standalone Exinity retail brand for this region. Your exposure comes through the group's other brand, FXTM, under an offshore entity. This review explains the regulatory facts, what to look for, and how to compare your options.

First Things First

When you look at Exinity, you are actually examining a fintech holding company based in Dubai. It owns FXTM and Alpari, and the standalone Exinity brand is primarily focused on the UAE market. For Indian residents, the practical path to this broker's services runs through FXTM, which operates under Exinity Limited in Mauritius.

What The Rules Say

Indian regulations are precise about forex trading. Under RBI/FEMA rules, residents can only trade INR-based currency pairs like USD/INR, EUR/INR, GBP/INR, and JPY/INR, plus permitted cross-currency derivatives on SEBI-recognised exchanges (NSE, BSE, MSE). Trading spot forex or CFDs with offshore brokers is not permitted for residents under these rules.

The RBI Master Direction on Electronic Trading Platforms prohibits operating a forex ETP in India without RBI authorisation. This means an offshore broker soliciting Indian residents is operating outside the legal framework. One practical implication is that remitting funds abroad for margin forex trading is not a permitted purpose under the Liberalised Remittance Scheme (LRS).

Checking The Background

Exinity began as ForexTime in 2011. The brands consolidated under the Exinity name in 2020, and the standalone Exinity for retail clients launched in 2021. The group is a Dubai-HQ fintech holding and serves as the parent of both FXTM and Alpari.

For India, the offering is via FXTM under an offshore FSC Mauritius licence. This provides a certain level of oversight, but it does not extend to the same protections you would get from a major regulator like the FCA or CySEC. There is no compensation scheme or local regulatory ombudsman for Indian residents.

Offerings And Platforms

Through the FXTM route, you get access to MetaTrader 4 and MetaTrader 5. The instrument list includes FX, metals, indices, and CFDs. The base currency is USD, and there is no verified INR base account available at the time of review.

FXTM offers swap-free accounts, which matter for traders who observe Islamic finance principles. The offshore leverage via the Mauritius entity can go up to approximately 1:2000, which is far above what you would see from FCA or ASIC regulated brokers.

Understanding The Risks

Before committing any capital, there are specific risks you need to weigh.

The RBI publishes an Alert List of unauthorised forex trading platforms. As of the 19 November 2025 update, the list totals 95 entities. The seven added in that update were Starnet FX, CapPlace, Mirrox, Fusion Markets, Trive, NXG Markets, and Nord FX. The RBI states the list is not exhaustive, so it is worth verifying any broker against the current version at https://www.rbi.org.in.

Choosing A Broker Wisely

If you decide that international trading is right for you, evaluate any international broker from India against objective criteria.

A robust regulatory licence from FCA, CySEC, or ASIC provides stronger client protections than an offshore FSC Mauritius licence. Check the regulator directly.

Focus on these five points when comparing:

• Strong regulation: Look for FCA, CySEC, or ASIC oversight, not just offshore licensing
• Segregation of client funds: Confirm the broker keeps client money separate from operational funds
• Transparent costs: Look for clear spreads and commission schedules without hidden fees
• Track record: Choose brokers with at least a decade of operating history through market cycles
• Live support: Test whether customer service responds quickly with useful answers

Compare how brokers handle withdrawals and account verification.

Tax Considerations

Your tax obligations depend on how you trade. Exchange-traded currency futures and options profit is generally treated as non-speculative business income and taxed at your individual income-tax slab rates. Intraday speculative positions count as speculative business income, where losses can only be offset against speculative income and carried forward for four years. Non-speculative losses can be carried forward for eight years.

A 20% TCS applies on LRS foreign remittances above Rs 10 lakh per financial year. That TCS acts as an advance tax credit. Residents must declare worldwide income and foreign assets using Schedule FA.

The tax authority is the Income Tax Department (Central Board of Direct Taxes, CBDT). See https://incometax.gov.in for current rates and guidance.

Who This Is For

The position of the Exinity brand in India is straightforward: it is not locally regulated, and the offering via FXTM sits outside the permitted framework.

Suitable for experienced traders who fully understand offshore trading, who are comfortable with the regulatory position, and who have verified the broker's background independently. These are traders who have compared the costs and platforms across multiple offshore brokers and chosen this one for specific reasons.

Not suitable for beginners who want local regulatory protection, or traders who prefer exchange-traded currency derivatives with clear tax treatment. If you fall into this group, you would be better served looking at international brokers with FCA or CySEC regulation, or exploring the SEBI-recognised exchange framework where the rules are fully defined.