The broker Totalfxm claims to be located in London, UK, however, we couldn’t find any information about this broker in the UK’s financial regulator FCA register. It is clear that Totalfxm offers its financial services without proper regulation. There are also no mentions or reviews about this broker online, which means it is a new entity with no reputation or they have recently changed the name because of the negative reviews (which is also very possible).

We would recommend to stay away from this broker and choose from the well-regulated ones.