ExinityRisk Retail accounts frequently lose money on leveraged CFDs - risk only spare capital.
There is no standalone Exinity retail demo account available for Indian residents. The Exinity Group operates FXTM for most international clients, and Indian exposure goes through the offshore Exinity Limited entity in Mauritius. This matters because the regulatory picture is different from what you might expect.
A demo account is a practice environment. You get virtual funds, real market prices, and no financial risk. The purpose is to learn how trading works, test strategies, and get comfortable with the platform. But the broker you practice with must be one you can legally and safely use with real money later.
Retail forex and CFD trading is tightly restricted under RBI and FEMA rules. Only INR-based currency pairs on SEBI-recognised exchanges are permitted for residents. Offshore brokers soliciting Indian residents for spot forex or CFDs operate outside that legal framework.
Before you spend time on any platform, verify whether the broker can serve you legally and whether your money is protected.
What Exinity Offers
Exinity Group is a Dubai-based fintech holding company and the parent of FXTM and Alpari. The standalone Exinity brand is focused on the UAE market. Indian clients are served through FXTM under Exinity Limited in Mauritius.
Key details from our review:
- License: FSC Mauritius, Investment Dealer number C113012295
- Indian license: none, no SEBI or RBI registration
- Platforms: MT4 and MT5
- Instruments: FX, metals, indices, CFDs
- Offshore leverage via FXTM: up to roughly 1:2000 on the Mauritius entity
- Base currency: USD, no INR base account verified
The Exinity Trader PRO account requires professional-client status, with a reported minimum portfolio of about USD 500,000 and a minimum deposit near USD 10,000. Exinity does not have standalone retail accounts for India.
How Demo Accounts Differ
A demo account is usually free and unlimited in time on most platforms. Some brokers restrict demo access after 30 days or reduce the virtual balance.
What to check in a demo:
- Does the demo expire after a set period?
- Are the spreads and commissions identical to live conditions?
- Does the platform match your desktop and mobile needs?
- Is the customer support responsive during your trading hours?
Exinity uses MetaTrader 4 and 5. These are industry-standard platforms. If you have never used MT4 or MT5, a demo is where you learn charting, order types, and position management.
The Regulatory Reality
Exinity Limited is licensed by the Financial Services Commission in Mauritius. That license is real and active. But it does not cover Indian residents under local rules. India has no SEBI or RBI licence for this broker, and the offshore offering sits in a territory that is not permitted under FEMA for Indian residents.
Under RBI and FEMA, Indian residents may trade only INR-based currency pairs like USD/INR, EUR/INR, GBP/INR, and JPY/INR on SEBI-recognised exchanges such as NSE, BSE, and MSE. Trading spot forex or CFDs with offshore brokers is not permitted, and remitting funds abroad for margin forex trading is not an allowed purpose under the Liberalised Remittance Scheme.
Verify any broker before depositing. SEBI publishes a list of recognised entities, and RBI maintains an Alert List of unauthorised forex trading platforms. As of 19 November 2025, that Alert List totals 95 entities, and RBI notes the list is not exhaustive. Checking both sources takes two minutes and can save you from a platform that blocks withdrawals.
RBI Alert List
RBI publishes an Alert List of unauthorised forex trading platforms. As of 19 November 2025, it totals 95 entities. Verify any broker against the current list before depositing funds.
Before You Sign Up
The most important check is not spread or leverage. It is whether you can trade legally and what protection your capital has. An offshore broker may accept your application, but that acceptance does not mean the activity is permitted under the laws that apply to you.
What to look at in any international broker:
- Strong regulation from a top-tier authority like FCA, CySEC, or ASIC
- Client fund segregation in separate bank accounts
- Transparent fee schedule published openly
- A long operating record with no major enforcement actions
- Responsive customer support that answers before you deposit
| Fee component | What to check | Why it matters |
|---|---|---|
| Spread | Raw or fixed, quoted in pips | Wider spreads raise your break-even point |
| Commission | Per lot or per side | Can be hidden in the spread |
| Swap rates | Overnight financing | Adds up on longer holds |
| Withdrawal fee | Flat or percentage | Direct cost on your own money |
The Middle Ground
If you are a resident of India and want to practice trading, the strongest setup is one that works within the legal framework. That means using a broker regulated in your jurisdiction or an exchange-linked account where your currency and legal status are clear.
A demo account is always the right first step. It costs nothing, teaches you the mechanics, and shows you how you react to losing positions. But choose the demo on a platform you could realistically use with real funds once you understand the rules.
Who It Works For
This is not a universal recommendation, but a practical split.
Who it's for: traders who understand that FXTM is their only access to Exinity's ecosystem, who want MT4 or MT5 experience, and who are willing to verify the Mauritius entity and its conditions themselves. The practice experience is identical to live conditions in terms of platform behaviour.
Who it's not for: beginners in India who assume that an international broker is automatically legal to use from their location. It is also not for anyone who wants a regulated onshore relationship with local deposit and withdrawal methods, or who is not prepared to check the RBI Alert List and FEMA rules. A more strictly regulated international broker or a SEBI-linked exchange account is the safer path.
The issue is not whether Exinity is a real company. It is. The issue is whether the offering fits your legal and practical situation.
Demo Practice Tips
When you open a demo, treat it like real trading. Set a fixed capital amount, use reasonable position sizes, and keep a journal of your trades. The habits you build now carry over to live trading.
A few practical rules:
- Use the same lot sizes you would use with real money
- Track every trade, even the losing ones
- Test both long and short positions during different market sessions
- Review your win rate after 50 trades minimum
Most people quit a demo after two weeks because they treat it as a game. The ones who learn from it treat it as a rehearsal.
Final Take
Exinity does not offer a standalone retail demo account for India. The group serves Indian clients through FXTM under the Mauritius-licensed entity, with high offshore leverage and no SEBI or RBI licence. The legal status under FEMA is clear: trading spot forex or CFDs with offshore brokers is not permitted for residents.
This does not mean you should abandon the idea of trading internationally. It means you must choose a broker whose regulation is strong, whose terms are transparent, and whose availability in India is legally sound. Use a demo to build skills, but verify the legal and regulatory picture before you commit real money.
The safe sequence is: learn on a demo, verify the broker's license and status, compare total costs, and only then consider a small live deposit.
Questions
Does Exinity offer a demo account for Indian traders?
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No standalone Exinity retail demo account exists for India. Indian exposure is served through FXTM under Exinity Limited in Mauritius.
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There is no verified KYC process for a standalone Exinity India product.
Is Exinity regulated by SEBI or RBI?
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No. Exinity Limited holds an FSC Mauritius licence, number C113012295, and has no SEBI or RBI registration.