{
  "schemaVersion": 1,
  "kind": "demoOffering",
  "id": "fxtm-mt5-mu",
  "urls": {
    "html": "/demo-accounts/fxtm-mt5-mu.html",
    "json": "/demo-accounts/fxtm-mt5-mu.json",
    "markdown": "/demo-accounts/fxtm-mt5-mu.md"
  },
  "policy": "Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.",
  "record": {
    "checked": "2026-10-12",
    "tested": false,
    "funds": null,
    "currency": null,
    "fundsLabel": "USD 1,000",
    "fundsNote": "USD 1,000 initial; add practice funds in 1,000 increments up to USD 20,000",
    "expiryType": "conditional",
    "expiry": "Trade within the first 14 days",
    "expiryNote": "No fixed expiry if a trade is placed within first 14 days; otherwise automatic closure (current demo FAQ)",
    "evidence": "documented",
    "signup": "Email registration; free; no real-money deposit required",
    "note": "Confirm exact residence-specific demo entity and platform mapping; independently match C113012295 to Exinity Limited. Regulator entity/category listing is directly verified; no account was opened.",
    "id": "fxtm-mt5-mu",
    "broker": "FXTM",
    "entity": "Exinity Limited",
    "regions": [
      "MU"
    ],
    "region": "MU",
    "regionLabel": "Mauritius",
    "researchScope": "Mauritius",
    "platform": "mt5",
    "platformLabel": "MetaTrader 5",
    "terms": "No stock CFDs on the current demo. Website identifies Exinity Limited plus other group entities; country-specific allocation remains to be confirmed. FSC detail says COMPANY IS INCORPORATED and separately lists the investment-dealer licence; it does not show an Active badge or licence number.",
    "eligibility": "Exinity Limited excludes residents of USA, Mauritius, UK, Canada, Japan, India and several other named countries. Local licensing does not mean local residents are accepted.",
    "evidenceNote": "Official broker documentation; see scope and remaining checks. Signup and trading not tested.",
    "sources": [
      "fxtm-2",
      "fxtm-3",
      "fxtm-4"
    ],
    "visit": "fxtm-2",
    "regulation": {
      "status": "Verified listing; details pending",
      "entity": "Exinity Limited",
      "regulator": "Financial Services Commission (FSC), Mauritius",
      "finding": "",
      "scope": "Exinity Limited excludes residents of USA, Mauritius, UK, Canada, Japan, India and several other named countries. Local licensing does not mean local residents are accepted.",
      "sources": [
        "fxtm-reg-1",
        "fxtm-reg-2",
        "fxtm-reg-3",
        "fxtm-reg-4"
      ]
    },
    "signupLink": {
      "kind": "demo-page",
      "note": "Broker demo page; select your platform to continue.",
      "status": "Official entry route",
      "url": "https://www.fxtm.com/en/trading/accounts/demo-trading/",
      "sourceUrl": "https://www.fxtm.com/en/trading/accounts/demo-trading/",
      "checked": "2026-10-13",
      "tested": false
    },
    "execution": {
      "scope": "Exinity Limited · MU · MetaTrader 4, MetaTrader 5, FXTM App. Public documentation; no account or execution tests.",
      "tested": false,
      "role": {
        "value": "Mixed",
        "status": "Documented",
        "note": "Agreement2.2 permits principal-to-principal or agency transactions;2.4 permits own-account execution or intermediation. This is contract-wide capacity, not a verified routing map for each forex account.",
        "sources": [
          "ex-b-fxtm-terms"
        ],
        "checked": "2026-10-13"
      },
      "arrangement": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "Current agreement permits multiple capacities; a current account-specific ECN/STP/market-maker mapping was not established.",
        "sources": [
          "ex-b-fxtm-terms"
        ],
        "checked": "2026-10-13"
      },
      "demo": {
        "value": "Demo execution outcomes may differ",
        "status": "Documented",
        "note": "Agreement2.21 expressly warns demo execution can produce a different outcome from live. This qualifies the demo-page statement that virtual funds are the only difference; detailed mechanisms are unspecified.",
        "sources": [
          "ex-b-fxtm-terms",
          "ex-b-fxtm-demo"
        ],
        "checked": "2026-10-13"
      },
      "review": {
        "checked": "2026-10-13",
        "outcome": "Reviewed official documentation: role Mixed; arrangement Requires Verification; demo Demo execution outcomes may differ. No accounts opened or tested.",
        "remainingChecks": [
          "Obtain account/instrument-specific execution policy; specify slippage, rejects, liquidity and costs per platform."
        ]
      }
    },
    "markets": {
      "scope": "Exinity Limited · Mauritius · MetaTrader 5. Market coverage not yet reviewed.",
      "tested": false,
      "forexCfd": {
        "status": "Requires Verification",
        "note": "Forex CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      },
      "cryptoCfd": {
        "status": "Requires Verification",
        "note": "Cryptocurrency CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      }
    },
    "api": {
      "status": "Requires Verification",
      "type": null,
      "route": "Not established for this offering",
      "note": "API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.",
      "requirements": "Confirm the account, platform and regional requirements with the broker.",
      "sources": [],
      "docs": [],
      "checked": null,
      "tested": false
    }
  },
  "sources": {
    "ex-b-fxtm-demo": {
      "title": "FXTM demo account marketing page",
      "url": "https://www.fxtm.com/en/trading/accounts/demo-trading/",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "What is a Demo account?",
      "access": "Opened official page or PDF; documentation review only"
    },
    "ex-b-fxtm-terms": {
      "title": "FXTM current Client Agreement",
      "url": "https://cdn.builder.io/o/assets%2Fd1ea04c96fbd47f48af9be8e44606865%2F9df8862913a3435294d6820979bc975a?alt=media&apiKey=d1ea04c96fbd47f48af9be8e44606865&token=176e3a4b-114a-4974-9c13-88b3e53d82e3",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Client Agreement link; PDF clauses2.2,2.4,2.21; Schedule1 Exinity Limited",
      "access": "Current legal hub and linked44-page PDF opened; direct public CDN link in report"
    },
    "fxtm-2": {
      "id": "MU-FX-DEMO",
      "title": "FXTM — Demo trading account",
      "url": "https://www.fxtm.com/en/trading/accounts/demo-trading/",
      "owner": "Broker",
      "evidence": "Free demo, funds in USD1,000 increments up to20,000, first trade required within14 days to avoid closure; otherwise no fixed expiry. Demo page features FXTM App and MT4/5. Stock CFDs excluded.",
      "access_note": "Current page read 2026-10-12. Old forextime.com redirected in browser to fxtm.com; no signup completed."
    },
    "fxtm-3": {
      "id": "MU-FX-FUNDS",
      "title": "FXTM — How much do I need to get started?",
      "url": "https://www.fxtm.com/en/help/trading-accounts/account-types-and-conditions/how-much-do-i-need-to-get-started/",
      "owner": "Broker",
      "evidence": "Demo starts with USD1,000, needs no real deposit, can add practice funds up to20,000.",
      "access_note": "Official current help page read 2026-10-12."
    },
    "fxtm-4": {
      "id": "MU-FX-ENTITY",
      "title": "FXTM — current homepage legal footer",
      "url": "https://www.fxtm.com/en/",
      "owner": "Broker",
      "evidence": "Names Exinity Limited Mauritius, stated licence C113012295 and other group companies. Exinity Limited excludes Mauritius residents and numerous countries including US,UK,Canada,Japan,India.",
      "access_note": "Rendered browser footer read 2026-10-12; broker claim distinguished from regulator evidence."
    },
    "fxtm-reg-1": {
      "id": "MU-FX-REG",
      "title": "FSC Mauritius Online Public Register — search Exinity",
      "url": "https://opr.fscmauritius.org/ords/opr/r/fsc-opr/fsc-online-public-register-opr",
      "owner": "Regulator",
      "evidence": "Live search and detail identify Exinity Limited, SEC-2.1B Investment Dealer excluding Underwriting, licence date 08/11/2013 (DD/MM/YYYY). Annotations blank. Detail displays corporate-status text COMPANY IS INCORPORATED. Exact C113012295 is not displayed.",
      "access_note": "Direct interactive browser search by Exinity; opened Exinity Limited detail, distinct from Exinity Group Limited. Checked 2026-10-12."
    },
    "fxtm-reg-2": {
      "id": "MU-FX-DEMO",
      "title": "FXTM — Demo trading account",
      "url": "https://www.fxtm.com/en/trading/accounts/demo-trading/",
      "owner": "Broker",
      "evidence": "Free demo, funds in USD1,000 increments up to20,000, first trade required within14 days to avoid closure; otherwise no fixed expiry. Demo page features FXTM App and MT4/5. Stock CFDs excluded.",
      "access_note": "Current page read 2026-10-12. Old forextime.com redirected in browser to fxtm.com; no signup completed."
    },
    "fxtm-reg-3": {
      "id": "MU-FX-FUNDS",
      "title": "FXTM — How much do I need to get started?",
      "url": "https://www.fxtm.com/en/help/trading-accounts/account-types-and-conditions/how-much-do-i-need-to-get-started/",
      "owner": "Broker",
      "evidence": "Demo starts with USD1,000, needs no real deposit, can add practice funds up to20,000.",
      "access_note": "Official current help page read 2026-10-12."
    },
    "fxtm-reg-4": {
      "id": "MU-FX-ENTITY",
      "title": "FXTM — current homepage legal footer",
      "url": "https://www.fxtm.com/en/",
      "owner": "Broker",
      "evidence": "Names Exinity Limited Mauritius, stated licence C113012295 and other group companies. Exinity Limited excludes Mauritius residents and numerous countries including US,UK,Canada,Japan,India.",
      "access_note": "Rendered browser footer read 2026-10-12; broker claim distinguished from regulator evidence."
    }
  }
}