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https://www.cxmtrading.com/en/
Website
Benchmark
B
Average transaction speed (ms)
MT4/5
Full License
CXMTradingLtd-Demo
Influence
C
Influence index NO.1
Speed:C
Slippage:AA
Cost:C
Disconnected:A
Rollover:A
MT4/5 Identification
Full License
Influence
C
Influence index NO.1
Single Core
1G
40G
More
Alchemy Prime Limited
CXM Trading
Saint Vincent and the Grenadines
Pyramid scheme complaint
Expose
Many scams. It is impossible to withdraw 21,000 USD.
I was scammed by him and deposited 21,000 USD. And I was unable to withdraw. I hope the scammer can be exposed as soon as possible.
This guy recommended a fraud platform which is a clone to me. I trusted him cuz I withdrew funds successfully once. However, I have't withdrawn funds since then. Won't your conscience be troubled after you cheat our hard-earned money? When will you return my deposit of $21,000?? Please be careful and do not be cheated by this guy~
they are the same people who scammed me through the Hero Markets Ltd. i just found out they changed and went to this broker and watch out for woman and man from Hong Kong if they are contacting you it is already something wrong. if it is too good to be true it usually is😉 they use platforms like SoonTrade5 SlimTransfer5, SXFMGY and they usually contact you through facebook or other social platforms. keep your wits my friends.
The withdrawal in CXM Trading is unavailable for times.
He pretended to help you in order to grab more money from you. It was disgusting that he still cheat people. I was unable to withdraw my deposit of $21,000. Beware of his scams.
https://204e9800998ecf8427e.xm50.vip/index/login/login.html Does anyone know this person? At first he used ig to induce me, I checked Facebook and found him. At first he taught me how to operate, and finally I couldn’t withdraw the 500,000 Taiwan dollars I deposited... I hope this platform can help me get my money back[d83d][de2d][d83d][de2d][d83d][de2d]
Hello Team, This is to inform you that i have been scammed by the trading App 'CXM trading” assessed through “In-CARLYLES” app. When i put up my car for sale on car selling app, I was approached by someone who called her name 'Kelly' having the cell # +852 6558 5997 ahowing interest to buy. She initially showed herself a business owner and an investor and declared that she made lot of profits from the trading app by sending screenshots of her balance growing by leaps and insisted me to try as well. She trapped me through by giving a simulation account and guided how to use it. then asked me to start investment with $300 on 16.04.2024 and took me to $2350 investment on 17-07-2024. She said she will provide investment strategies by their analytics and if i grow/top up my balance to 5000 USD then 10,000 USD and so on for more lucrative strategies. I only traded 0.3 lots and they showed a dummy profit on UKOIl while on that day UKOiL price dis not touch that limit hence it was all scam and artificial. When i got the doubted i asked her she showed me a linkthat their firm is registered. Out of my Balance 2337 $. Later, I came up with a need to partially withdraw my amount $18,00/- and asked her for withdrawal. She connected me to a customer services email 'internationalforeignexchange01@gmail.com' which she has given me to verify my identity and ensure deposits in my account through Binance. Upon withdrawal request, she asked me to pay the Liquidated damages 20% '$500' first in Wallet Account “TMBoEdmddFgan5JkP1fWjYSr4xY1GLNGiH”before we proceed your withdrawal. When I completed the transaction then she asked to pay the Income tax of 15% to get the payment. I didn’t pay and told them to either debit taxes and charges from my balance but they are saying i need to pay first and still waiting for the withdrawal. I processed the withdrawal through the app later on 18-03-2024 and its showing 'Pending Review' since dat day
The Hong Kong citizen Li Haobo cheated me of $21,000 and I was till unable to withdraw.
I used to participate in the reward activity, and I needed to deposit 10,000 US dollars. I was not inform that I need to upgrade to member to withdraw. Now I want to withdraw money and need to deposit another 10,000 US dollars.
Stop Out
0.76%
Stop Out Symbol Distribution
6 months
Registered in | Saint Vincent and the Grenadines |
Regulated by | FCA |
Year(s) of establishment | 5-10 years |
Trading instruments | Forex pairs, stocks, cryptocurrencies, indices, metals, energies, indices |
Minimum Initial Deposit | $500 |
Maximum Leverage | 1:500 |
Minimum spread | Around 0.7 pips for EURUSD. Lowest as 0.0 pips |
Trading platform | MT4 |
Deposit and withdrawal method | Bank wire transfer, bitcoin, union pay, etcetera |
Customer Service | 24/5 email |
Fraud Complaints Exposure | No for now |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
Wide range of instruments available for trading, including forex pairs, stocks, cryptocurrencies, indices, metals, and energies.
Different types of accounts with varying minimum deposit requirements and maximum leverage options, providing flexibility to traders with different needs and preferences.
Availability of the popular MetaTrader 4 (MT4) platform, as well as social trading features for more collaborative and interactive trading experiences.
Multiple deposit and withdrawal options, including bank wire, cryptocurrencies, stable coins, and UnionPay, with minimal to no commission charges and relatively low minimum amounts.
24/5 email customer support available for any queries and concerns.
Cons:
Limited educational resources, which may pose a challenge to novice traders who need more guidance and training.
No live chat or phone support options, which may not be ideal for traders who prefer more direct and immediate assistance.
High minimum deposit requirements for some of the more advanced account types, which may not be accessible to traders with limited capital.
No clear information on regulatory oversight, which may make some traders hesitant to invest due to concerns about safety and legitimacy.
Advantages | Disadvantages |
No Dealing Desk intervention | Possible higher spreads |
Faster execution speed | No price manipulation |
Lower risk of conflicts of interest | No control over the pricing |
Transparency of trading conditions | Limited control over liquidity |
Better trade execution | No price competition with other brokers |
STP stands for Straight Through Processing, which means that CXM Trading doesn't act as a market maker or take the other side of your trade. Instead, it uses advanced technology to connect your trades to the liquidity providers in the market, without any human intervention. This eliminates the possibility of any conflict of interest between the broker and the client, providing transparency and better execution speed. However, the spreads may be higher due to the lack of control over pricing, and the broker has limited control over liquidity, which may lead to a slippage during high volatility periods.
CXM trading is a forex and CFD broker offering a range of financial instruments including forex pairs, stocks, cryptocurrencies, indices, metals, and energies. The broker offers various types of accounts with different deposit requirements and leverage ratios, including a Cent account, Standard account, Premium account, ECN account, and FIX API account. The platform used by CXM trading is the popular MT4 platform, which allows for social trading. The broker offers several deposit and withdrawal methods, including bank wire, cryptocurrencies, stable cryptocurrencies, and Union Pay. Customer support is available 24/5 via email.
In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.
Advantages | Disadvantages |
Diversified portfolio | High market risk |
Opportunities for hedging | Limited investment choices |
Flexible trading hours | Requires knowledge of multiple markets |
High liquidity | Potentially high transaction costs |
CXM Trading offers a wide range of tradable instruments that include forex pairs, stocks, cryptocurrencies, indices, metals, and energies. The variety of tradable instruments offers traders the opportunity to diversify their portfolio, hedge against market volatility, and take advantage of multiple market opportunities. The flexibility of trading hours in the forex market allows traders to trade around the clock, even when other markets are closed. The high liquidity of the forex market ensures that traders can easily buy and sell their assets at any time, without the risk of price manipulation. However, trading across multiple markets requires extensive knowledge of each market, which can be a disadvantage for novice traders. Moreover, the high market risk and potentially high transaction costs can be a disadvantage for some traders.
Advantages | Disadvantages |
Low spreads on major currency pairs such as EURUSD | Commissions not mentioned |
Transparent information on spreads and other costs in trading specifications | |
Competitive trading conditions |
CXM Trading provides detailed information about spreads, min and max trade size, lot size, margin and leverage in their trading specification form. Spreads on major currency pairs such as EURUSD are low, at around 0.7 pips. However, the broker does not mention anything about commissions, making it difficult for traders to estimate their overall costs. Despite the lack of information on commissions, the transparent information on spreads and other trading costs in the specification form provides traders with a clear idea of the costs involved in trading with CXM. The broker's competitive trading conditions can be an advantage for traders looking for low spread and commission costs.
Advantages | Disadvantages |
Offers a range of account types to suit traders with different trading needs and budgets | High minimum deposit requirements for some accounts |
Maximum leverage of 1:500 is available for many account types, allowing for higher potential profitability | Lower leverage of 1:200 for FIX API account |
ECN account type offers direct market access and potentially lower spreads |
CXM Trading offers a variety of account types to cater to traders with varying needs and budgets. The Cent account has a minimum deposit of 500 USD, while the Standard account has a minimum deposit of 2000 USD. For traders looking for premium features, the Premium account has a minimum deposit of 5000 USD. The ECN account requires a minimum deposit of 30000 USD and offers direct market access and potentially lower spreads. Lastly, the FIX API account has the highest minimum deposit requirement of 50000 USD and offers a lower leverage of 1:200. All account types have a maximum leverage of 1:500, allowing for higher potential profitability.
Advantages | Disadvantages |
MT4 platform available | No other platform options available |
Social trading feature | Limited customization options |
Advanced charting tools | No proprietary platform |
User-friendly interface |
CXM Trading offers only one platform option which is the popular MT4 platform. It offers advanced charting tools, user-friendly interface and a social trading feature. However, the company does not provide any proprietary platforms which may be a disadvantage to some traders. Also, the platform customization options are limited.
CXM Trading offers a maximum leverage of 1:500 for most of its account types. This high leverage can be beneficial for traders who want to control larger positions with less capital and who have a sound risk management strategy in place. However, high leverage also comes with higher risks, as larger losses can be incurred if trades go against the trader. Traders need to exercise caution and ensure they have sufficient capital and risk management strategies in place to mitigate these risks. It is important to note that the FIX API account type offers a maximum leverage of 1:200, which may be more suitable for traders who prefer lower leverage.
Bank Wire | Currencies | Processing Time | Commission | Minimum amount |
Deposit | USD, EUR, GBP | 2-5 Business Days | None | Contact Account Executive for details |
Withdrawal | USD, EUR, GBP | 2-5 Business Days | None | Contact Account Executive for details |
Crytos | Currencies | Processing Time | Commission | Minimum amount |
Deposit | BTC, ETH , BCH | 1 Working Day | 1% | 500 USD equivalent |
Withdrawal | BTC, ETH , BCH | 1 Working Day | 1% | 100 USD equivalent |
Stable Cryptos | Currencies | Processing Time | Commission | Minimum amount |
Deposit | USDT (Tether) | Instant | None | 500 USD equivalent |
Withdrawal | USDT (Tether) | Instant | None | 100 USD equivalent |
Union Pay | Currencies | Processing Time | Commission | Minimum amount |
Deposit | RMB | Instant | None | 500 USD equivalent |
Withdrawal | RMB | 1-5 Business Days** | None | 100 USD equivalent |
CXM Trading offers a variety of deposit and withdrawal methods to its clients. For bank wire transfers, the processing time is 2-5 business days, with no commission charged for either deposits or withdrawals. For crypto deposits and withdrawals, the available currencies are BTC, ETH, BCH, and USDT, with processing times ranging from instant to 1 working day. However, crypto deposits and withdrawals have a 1% commission fee. Stable cryptos, such as USDT, have no commission and offer instant processing time for both deposits and withdrawals. Lastly, Union Pay allows for instant deposits in RMB, with no commission charged. However, withdrawal processing times can take 1-5 business days. It should be noted that there is a relatively high minimum deposit and withdrawal amount for all methods.
Advantages | Disadvantages |
Economic calendar | Limited educational resources |
CXM Trading has limited educational resources. The only educational resource offered is an economic calendar which provides information on upcoming economic events that may impact the markets. However, the calendar may not be enough to fully educate traders on the intricacies of the forex market. This lack of educational resources could be a disadvantage for beginner traders who need more guidance on how to trade effectively. Experienced traders may also find the lack of resources limiting, as they may prefer to learn new strategies or techniques to improve their trading skills. Therefore, CXM Trading could benefit from offering more comprehensive educational resources to cater to the needs of both beginner and experienced traders.
Advantages | Disadvantages |
24/5 email support available. | No live chat or phone support. |
CXM Trading provides its clients with 24/5 email customer support. This means that clients can reach out to the support team via email at any time from Monday to Friday and receive a response within a reasonable timeframe. However, CXM Trading does not offer live chat or phone support, which can be a disadvantage for traders who prefer real-time assistance. Overall, while the lack of live chat and phone support may be a disadvantage, the 24/5 email support is a positive aspect of CXM Trading's customer care dimension.
In conclusion, CXM trading is a forex and CFD broker that provides traders with a range of trading instruments, including forex pairs, stocks, cryptocurrencies, indices, metals, and energies. The broker offers several account types, including Cent, Standard, Premium, ECN, and FIX API accounts, each with varying minimum deposit requirements and leverage levels. CXM trading also provides a range of deposit and withdrawal options, including bank wire, cryptocurrencies, stable cryptocurrencies, and Union Pay. However, the broker has limited educational resources, and its customer support is only available via email. Overall, CXM trading may be suitable for experienced traders looking for a wide range of trading instruments and account types, but beginners may need to look elsewhere for more educational resources and robust customer support.
Question: Is CXM Trading a regulated broker?
Answer: Yes, CXM Trading is a regulated broker. It is authorized and regulated by the UK Financial Conduct Authority (FCA) and is registered in Saint Vincent and the Grenadines.
Question: What types of trading accounts does CXM Trading offer?
Answer: CXM Trading offers five types of trading accounts, including Cent, Standard, Premium, ECN, and FIX API accounts. Each account type has different minimum deposit requirements, commission structures, and maximum leverage.
Question: What trading platforms does CXM Trading support?
Answer: CXM Trading supports the popular trading platform MetaTrader 4 (MT4) and also offers social trading functionality.
Question: What financial instruments can I trade with CXM Trading?
Answer: CXM Trading offers a range of financial instruments to trade, including forex pairs, stocks, cryptocurrencies, indices, metals, and energies.
Question: What are the deposit and withdrawal methods available at CXM Trading?
Answer: CXM Trading supports bank wire transfers, cryptocurrencies, stable cryptos, and Union Pay for deposits and withdrawals. Commission and processing time vary by method.
Question: Does CXM Trading offer any educational resources for traders?
Answer: CXM Trading has limited educational resources, but it does provide an economic calendar on its website to help traders stay up-to-date with important market events.
Question: What is the customer support like at CXM Trading?
Answer: CXM Trading offers 24/5 email support to its clients. While it does not offer phone or live chat support, the email support team is generally responsive and helpful.
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