ExinityRisk Retail accounts frequently lose money on leveraged CFDs - risk only spare capital.
In India, the Exinity brand itself is not available as a standalone retail offering. The Exinity Group serves Indian residents through its FXTM brand, operated by the offshore Exinity Limited entity in Mauritius. Any discussion of the Exinity app experience in India is, in practice, a discussion of the FXTM app.
The group behind both brands is Exinity Group, a Dubai-headquartered fintech holding that also owns Alpari. The standalone Exinity brand is focused on the UAE market. For Indian traders, the relevant mobile experience is FXTM's MT4 and MT5 apps, which are the same platforms used by a large share of the global retail forex market.
The App Experience
Using FXTM's mobile apps from India means trading through MetaTrader 4 or MetaTrader 5, not a proprietary Exinity app. There is no separate Exinity retail app for Indian users.
What you get with MT4 and MT5 on a phone is a full desktop-grade trading terminal squeezed into a mobile interface. Charting tools, one-tap order entry, pending orders, and push notifications for price alerts all work as expected. The apps are stable on both iOS and Android, and order execution speed depends on the broker's server infrastructure more than the app itself.
The practical difference between these apps and a SEBI-regulated broker's app is the asset class and the legal wrapper around it. MT4 and MT5 are just interfaces. What matters is what you are actually trading and under whose license.
What You Trade
Through FXTM in India, the instruments available are FX, metals, indices, and CFDs.
| Asset Class | Available via FXTM | Notes |
|---|---|---|
| Forex pairs | Yes | Major, minor, and exotic pairs |
| Metals | Yes | Gold, silver, and other spot metals |
| Indices | Yes | Cash and CFD index products |
| Commodities | Yes | Energy and agricultural CFDs |
| Share CFDs | Yes | Single-stock CFDs on global exchanges |
The base currency for accounts is USD. An INR base account has not been verified for India. This means any profits are held in USD, and converting back to INR happens through the same channels you used to fund the account.
Leverage and Margin
FXTM's Mauritius entity offers leverage up to roughly 1:2000. For comparison, exchange-traded INR currency derivatives on SEBI-recognized exchanges use margin-based systems where the margin is roughly 3-5% of notional value, which translates to about 20-30x leverage.
| Parameter | FXTM Mauritius | SEBI Exchange-Traded |
|---|---|---|
| Max leverage | Up to ~1:2000 | ~20-30x (3-5% margin) |
| Base currency | USD | INR |
| Underlying market | Offshore FX/CFD | INR currency pairs |
| Regulatory oversight | FSC Mauritius | SEBI, RBI |
| Settlement | USD, offshore | INR, domestic |
A 1:2000 leverage ratio means a 0.05% adverse move against your position wipes out your entire margin.
The Regulatory Position
Exinity has no SEBI or RBI license. Its only relevant license is the FSC Mauritius Investment Dealer license, number C113012295.
Indian residents are not permitted to trade spot forex or CFDs with offshore brokers under RBI/FEMA rules. Trading spot forex or CFDs with offshore brokers is illegal for residents, and remitting funds abroad for margin forex trading is not a permitted purpose under the Liberalised Remittance Scheme. The RBI Master Direction on Electronic Trading Platforms prohibits operating a forex ETP in India without RBI authorisation.
The RBI publishes an Alert List of unauthorised forex trading platforms. As of the 19 November 2025 update, the list totals 95 entities. The RBI states the list is not exhaustive.
Offshore risk exposure in USD
The risks here are not about the app crashing or a slow withdrawal. The risks sit one level higher. You are dealing with an offshore entity, in USD, with extreme leverage, and no local regulatory protection if something goes wrong.
| Risk Factor | What It Means in Practice |
|---|---|
| No local license | SEBI and RBI cannot help if a dispute arises |
| Capital repatriation | Funds held offshore, INR conversion not guaranteed |
| Leverage risk | 1:2000 can liquidate a position in minutes |
| Legal exposure | Trading offshore FX/CFD is not permitted under FEMA |
On payments: UPI and IMPS work for domestic, SEBI-recognized exchange trading. When an offshore broker advertises UPI deposits for spot forex, that operates outside the legal framework.
A Stronger Mobile Setup
If you want to trade currencies from your phone legally, a SEBI-regulated broker linked to NSE, BSE, or MSE gives you INR settlement, no domestic FX conversion, and a dispute resolution path through a recognized exchange. Trading hours for INR currency derivatives are 09:00-17:00 IST Monday to Friday, with cross-currency derivatives running until 19:30 IST.
Tax treatment is more predictable on exchange-traded products. Currency futures and options profits are generally treated as non-speculative business income and taxed at your income-tax slab rate. Intraday speculative positions are treated as speculative business income, with losses set off only against speculative income and carried forward for 4 years. Non-speculative losses carry forward for 8 years.
KYC for a SEBI-regulated account requires your PAN card, Aadhaar or address proof, and a bank proof such as a cancelled cheque. Approval typically takes 24-48 hours.
| Criterion | Offshore Broker | SEBI-Regulated Broker |
|---|---|---|
| License | FSC Mauritius | SEBI-registered |
| Base currency | USD | INR |
| Settlement | Offshore | Domestic, INR |
| Leverage | Up to 1:2000 | ~20-30x margin-based |
| Dispute resolution | Limited | Through exchange |
| Tax treatment | Complex, unclear | Clear, slab-based |
Other Regulated Options
If you insist on offshore trading, check for FCA, CySEC, or ASIC licenses, which provide stronger client protections than offshore FX licenses. However, these do not change the basic legal picture for Indian residents-offshore forex trading is not permitted under FEMA rules.
Client fund segregation, negative balance protection, and transparent fees are the things to verify with any international broker. A long track record and live support that actually responds within a reasonable time are also useful signals.
Final Read
The Exinity mobile app story in India is really the FXTM story, because that is the brand serving the Indian market. The apps themselves are solid, MT4 and MT5 are proven platforms, and the mobile experience is what you would expect from the industry standard.
Who it's for
Traders who want to understand what the Exinity Group offers before making any decision. If you are comparing mobile platforms globally, knowing that FXTM runs on MT4/MT5 with high leverage is useful context.
Who it's not for
Anyone looking for a legally compliant currency trading route in India. The offshore structure, USD base, extreme leverage, and absence of SEBI/RBI oversight are incompatible with the local legal framework. For Indian residents, a SEBI-regulated broker trading INR currency pairs on NSE or BSE is the structurally sound option.
Questions
Can I use the FXTM mobile app to trade from India?
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The FXTM app works technically, but the legal position is that offshore FX/CFD trading is not permitted for Indian residents under RBI/FEMA rules. Only INR-based currency pairs on SEBI-recognized exchanges are compliant.
What leverage does the FXTM app offer in India?
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FXTM's Mauritius entity offers leverage up to roughly 1:2000. SEBI exchange-traded INR currency derivatives use margin-based leverage of approximately 20-30x, which is the legally permitted route.
Is the Exinity app different from the FXTM app?
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There is no standalone Exinity retail app for India. The Exinity Group serves Indian residents through FXTM, using MT4 and MT5.
Are my funds safe with an offshore broker using the app?
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Funds are held with an FSC Mauritius licensed entity, not a SEBI or RBI regulated one. Capital repatriation and enforcement risks exist under FEMA, and local regulators cannot assist with disputes.