Trading on iOS with Exinity: What to Check First

The iOS App Reality

There is no standalone Exinity retail app for Indian residents. The Exinity Group, which owns FXTM and Alpari, focuses its standalone brand on the UAE. In India, the group exposure you can access through the Exinity family is via FXTM, and the trading platforms are MetaTrader 4 and MetaTrader 5, both of which have mature iOS apps.

From a phone, the practical experience is about the platform you run, not the corporate logo on the store page. MT4 and MT5 on iOS offer reliable charting, order management, and notifications. Before you install anything, though, it is important to note that this service reaches you through an offshore entity, and the legal context for that in India is not open-ended.

Who You're Dealing With

The entity serving Indian residents under this brand family is Exinity Limited, licensed in Mauritius by the Financial Services Commission (FSC) as an Investment Dealer, licence number C113012295. That is the legal counterparty.

Exinity Limited has no SEBI or RBI licence. For an Indian resident, trading spot forex or CFDs with an offshore broker like this sits in a space that is not permitted under RBI/FEMA rules. Only INR-based currency pairs and permitted cross-currency derivatives on SEBI-recognised exchanges (NSE, BSE, MSE) are compliant for residents. This is the regulatory position, and it does not change based on how good the app looks or how fast the execution felt.

The App Walkthrough

If you are looking at the FXTM iOS app (which is how Exinity group services reach India), here is what the experience looks like from a phone.

The app is a wrapper around MT4 or MT5. You log in with your trading account credentials, which means the account opening process happens on the web or through the broker's onboarding flow first. Once you are in, the interface gives you access to your watchlist, one-tap trading from the chart, position management, and a full set of order types.

The mobile-specific strengths are practical:

• Push notifications for price alerts and order fills
• Full technical indicator library on the chart
• Biometric login via Face ID or Touch ID
• Trade history and account statement access on the go

Base currency is USD, not INR. If you see a broker claiming INR base accounts or Indian UPI deposits for spot forex, that operates outside the legal framework and should be treated with suspicion.

What You Actually Trade

The instrument range available through the FXTM channel includes FX, metals, indices, and CFDs. On MT4 and MT5, you get standard access to these markets with the platform's native execution.

What you will not get is an INR base account. Your account is USD-denominated, which introduces currency conversion risk independent of your trading positions.

Leverage is the headline number that gets attention in marketing materials. On the Mauritius entity, offshore leverage can go up to about 1:2000. Here is why that deserves caution rather than excitement: at 1:2000, a 0.05% adverse move against your position wipes out the margin. That is a fraction of a single pip on EUR/JPY. The leverage is real, and so is the speed at which it can liquidate you.

Regulatory and financial exposure

The risk picture has two layers: the regulatory one and the financial one. Both matter for someone trading from a phone in India.

Regulatory risk: the FSC Mauritius licence does not cover Indian residents. The RBI publishes an Alert List of unauthorised forex trading platforms, and as of the 19 November 2025 update, it totals 95 entities. The list is not exhaustive. There is no SEBI or RBI protection for trades placed through this channel, and capital repatriation can become difficult if the broker decides to withhold funds. This is not a hypothetical risk; it is the structure of operating outside the local framework.

Financial risk: high offshore leverage means small adverse moves trigger margin calls. With 100x leverage, a 1% market move is your entire account. With 2000x, the numbers become absurd. The practical implication is that most retail accounts at high leverage blow up within months, not years.

A regulated alternative approach

If the iOS app experience is the priority, the alternative is not necessarily a worse app. It is a different compliance structure.

A SEBI-regulated account for currency derivatives brings several things to the table:

• INR base currency, settled locally
• Regulated margin requirements
• Deposits via UPI, IMPS, NEFT and RTGS
• A compliant legal position

The trading hours for NSE INR currency derivatives run 09:00-17:00 IST Monday to Friday, and cross-currency derivatives run until 19:30 IST. That is a narrower window than the 24/5 forex market, and that is the trade-off for operating within the law.

Brokers to consider in this space are the ones with strong regulatory history and transparent fee structures. The RBI Alert List is a quick first filter: if an entity is on it, the conversation ends there. Verify any broker through SEBI and RBI databases directly, not through the broker's own claims.

Tax treatment of futures and options

If you do trade exchange-traded currency futures and options in India, profits are generally treated as non-speculative business income and taxed at your income-tax slab rates. Intraday speculative positions are taxed as speculative business income, and losses there can only be set off against speculative income, with a four-year carry-forward. Non-speculative losses carry forward eight years.

On the offshore side, two reminders apply. First, a 20% TCS applies to LRS foreign remittances above Rs 10 lakh per financial year, effective 1 April 2025. Second, residents must declare worldwide income and foreign assets in Schedule FA. Trading with an offshore broker without declaring the account is a compliance failure, not a minor oversight.

Compliance First

For an Indian trader evaluating this route, the honest assessment is that the app itself is not the problem. MT4 and MT5 on iOS are proven, stable, and feature-rich, and the FXTM implementation of those platforms is standard. The problem is the wrapper around the app: an offshore entity, no local licence, USD base currency, and a legal position that is not permitted under RBI/FEMA rules.

A trader who fully understands that this channel has no SEBI or RBI protection, who is prepared for the capital-repatriation risk, and who has a specific reason for choosing an offshore instrument set faces that choice with eyes open. A compliant mobile trading setup with INR base currency and local deposit rails is available from SEBI-regulated brokers who offer NSE and BSE currency derivatives. The apps from established domestic brokers are adequate for this purpose, and the compliance position removes a whole category of risk. Forex trading from a phone should be about your strategy, not about wondering whether your funds can come back.