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The WikiFX Score of this broker is reduced because of too many complaints!

CXM Trading

Saint Vincent and the Grenadines|5-10 years| Benchmark C|
Regulated in United Kingdom|Straight Through Processing(STP)|MT4/5 full license|Global Business|High potential risk|Offshore Regulatory|

https://www.cxmtrading.com/en/

Website

Rating Index

Benchmark

Benchmark

C

Average transaction speed (ms)

610

MT4/5

Full License

CXMTradingLtd-Demo

China
MT4
89

Influence

C

Influence index NO.1

China 2.94
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:C

Slippage:AA

Cost:D

Disconnected:A

Rollover:A

MT4/5 Identification

MT4/5 Identification

Full License

89
Server Name
CXMTradingLtd-Demo MT4
Server Location China

Influence

Influence

C

Influence index NO.1

China 2.94

Surpassed 25.82% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

support@cxmtrading.com
https://www.cxmtrading.com/en/
Suite 305, Griffith Corporate Center, Beachmont Kingstown, Saint Vincent and the Grenadines

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

Alchemy Prime Limited

Company Abbreviation

CXM Trading

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-02-29
  • The number of the complaints received by WikiFX have reached 9 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Mauritius FSC regulation with license number: GB21026337 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

CXM Trading · Benchmark
Average transaction speed(ms)
610
The highest transaction speed(ms)
430 Poor
The highest speed of opening positions(ms)
430 Poor
The highest speed of closing position(ms)
448 Poor
The lowest speed of opening positions(ms)
1973
The lowest speed of closing position(ms)
1997 Poor
Ranking: 98 / 125
Test user 622
Orders 39,776
Ocuppied margin $2,031,079 USD
Data Source WikiFX Data provide
Updated: 2024-02-28 01:02:SS

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Pyramid scheme complaint
Expose

    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • HoChiMinh
    • 176***
    • XAUUSDc
    • 02-29 13:45:02
    • Taipei
    • 147***
    • USDJPYc
    • 02-29 13:49:11
    • London
    • 546***
    • EURUSD
    • 02-29 10:18:09

    Stop Out

    0.76%

    Stop Out Symbol Distribution

    6 months

    Sources

    CXM Trading · Company Summary

    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 and cons of CXM Trading

    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.

    What type of broker is CXM Trading?

    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.

    General information and regulation of CXM Trading

    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.

    General information

    Market instruments

    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.

    market instruments

    Spreads and commissions for trading with CXM Trading

    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.

    spreads and commissions

    Trading accounts available in CXM Trading

    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.

    account types

    Trading platform(s) that CXM Trading offers

    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.

    trading platform

    Maximum leverage of CXM Trading

    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.

    Deposit and Withdrawal: methods and fees

    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.

    Educational resources in CXM Trading

    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.

    educational resources

    Customer service of CXM Trading

    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.

    customer support

    Conclusion

    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.

    Frequently asked questions about CXM Trading

    • 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.

    User Reviews

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    6

    Comments

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    Seraphina
    more than one year
    Security-wise, they seem to have their ducks in a row. Two-factor authentication and all the encryption jazz – it gives a sense of confidence in the platform. However, I've seen a few hiccups in the app performance, nothing major, but enough to raise an eyebrow.
    2023-11-30 11:05
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    0
    Sophiaya
    more than one year
    Tried out CXM recently, and it's a mixed bag. The platform is smooth, and transactions are pretty quick. Customer support, though, can be hit or miss. Sometimes they're on it, other times it feels like you're talking to a robot. Overall, decent, but could use a bit more consistency.
    2023-11-29 14:03
    Reply
    0
    0
    创造奇迹
    more than one year
    CXM Trading offers intuitive and stable trading platform, much lower spreads, as well as a good selection of trading assets. I am quite happy with this broker so far. I account balanced has increased from $500 to $2,000, so exciting!
    2023-02-27 11:29
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    0
    0
    蒋翔
    more than one year
    The transaction speed provided by CXM Trading is not very good, and I saw someone saying that he was scammed... I think this transaction speed is also part of the scam, deliberately making you miss the timing of the transaction.
    2022-12-16 18:47
    Reply
    0
    0
    เด็กชาย เลี้ยงวัว
    more than one year
    do not know
    2022-12-06 10:36
    Reply
    0
    1
    WaqarKhan
    more than one year
    hello
    2022-10-15 14:17
    Reply
    2
    0
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