FXTM in Egypt: Is it Available and Legit?
As of June 2026, FXTM is not available to clients in Egypt. This likely indicates that the broker either lacks the necessary regulatory authorization based on our analysis or has explicitly excluded Egypt from its service areas.
Top 5 FXTM alternatives in Egypt
Unfortunately, FXTM is not authorized to operate in Egypt according to our analysis. However, there are excellent alternative options available for residents of Egypt. We selected them based on the following criteria:
- The broker accepts clients from Egypt
- The broker holds at least one Tier-1 regulatory license.
- The broker has a high overall score according to our methodology.
- The broker offers competitive trading conditions.
| IUX | XM | Pepperstone | Fusion Markets | Exness | ||
|---|---|---|---|---|---|---|
| TU Overall Score | 9.4 | 9.3 | 9.25 | 9.2 | 9.1 | |
| Regulation and safety Score | 9.7 | 10 | 10 | 9.2 | 8.1 | |
| Regulation | FSC, FSCA, ASIC, FSA SVG | CySEC, FSC (Belize), DFSA, FSCA, FSA (Seychelles), FSC (Mauritius), SCA (United Arab Emirates), CMA (Kenya) | ASIC, FCA, DFSA, BaFin, CMA, SCB, CySec | ASIC, VFSC, FSA | BVI FSC, FSCA SA, FSC (Mauritius), FSA (Seychelles), CMA (Kenya), JSC (Jordan) | |
| Minimum deposit | $50 | $5 | $0 | $1 | $10 | |
| Currency pairs | 34 | 57 | 90 | 90 | 100 | |
| Floating spread EUR/USD, min pips | 0.6 | 0.7 | 0.5 | 0.1 | 0.6 | |
| Floating spread EUR/USD, max pips | 0.8 | 1.2 | 1.5 | 0.4 | 1.5 | |
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Is Forex trading regulated in Egypt? Is Forex taxable in Egypt?
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Forex regulation in Egypt
The Egyptian Financial Supervisory Authority (EFSA) is Egypt’s financial regulator. This body is responsible for ensuring compliance of Forex brokers with legal requirements. Brokers must comply with the requirements of the authorized capital, they must have an office in Egypt, and insurance for traders.
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Investor protection
The Law No. 72 of 2007 regulates the rules for Forex brokers. Traders are insured against financial losses of the Investor Compensation Fund. The amount of compensation can reach EUR 20,000.
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Taxation
Traders in Egypt are obliged to pay tax on profits received on Forex. The tax rate is 25%.
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Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform.
Dan Blystone began his trading career in 1998 as an arbitrage clerk on the floor of the Chicago Mercantile Exchange (CME). He later traded bond and Eurex futures at proprietary firms such as Altea Trading, gaining valuable experience in high-frequency trading and risk management.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.