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CXM Trading, registered in both the UK and Saint Vincent and the Grenadines, is a global Forex broker that has been operating in the industry since 2019. The broker offers high leverage for traders registered with an offshore company and provides access to a large selection of trading instruments. CXM Trading accepts clients from all over the world with the exception of the USA, Canada, Sudan, Syria, Iran, North Korea and other countries where restrictions apply.
Is CXM Trading a regulated broker?
The CXM group includes two brokerage companies:
- Alchemy Prime Limited is located in the UK and is regulated by the Financial Supervisory Authority (FCA);
- CXM Trading (SV) Ltd is registered in Saint Vincent and the Grenadines, but is not regulated by any government authority.
All customer funds are held in separate segregated accounts with leading banks. Also, CXM Trading offers all its clients a guarantee of protection against negative balance and insurance up to 5,000,000 pounds, protecting traders from mistakes, fraud and other risks that can lead to financial losses.
What is the maximum leverage in CXM Trading?
Like all regulated brokers in the UK, the FCA prohibits CXM Trading from offering its clients leverage above 1:30. However, traders from the UK and the EU should be aware that CXM Trading can still accept them as clients in an offshore branch in Saint Vincent and the Grenadines in order to gain access to leverage up to 1:500.
CXM Trading offers more than 60 currency pairs, 130 shares of European and American companies, 15 major stock indexes, 10 metals and 17 popular cryptocurrencies versus fiat currencies and other coins. In addition, the broker offers trading in baskets of stocks that are divided into various sectors (financial services, tourism, electronics, etc.).
The broker has chosen the traditional path by offering the MT4 platform in addition to the social trading web platform.
What types of accounts does CXM Trading offer?
CXM Trading offers the following types of trading accounts: Standard with a minimum deposit of $2000, Premium with a minimum deposit of $5000, ECN with a minimum deposit of $30,000 and FIX API with an even larger minimum deposit of $ 50,000. Unfortunately, the broker did not provide information on spreads and commissions on various trading accounts on its website.
The broker also offers a service of PAMM accounts and copying transactions.
What is the minimum deposit in CXM Trading?
The minimum deposit in CXM Trading is $2000. All trading accounts can be replenished via bank transfer, major payment cards such as Visa, MasterCard, AmEx and UnionPay, Chinese mobile wallet AliPay, as well as directly using Bitcoin, Ethereum, Bitcoin Cash and Tether (USDT) cryptocurrencies. However, it is important to note that the broker requires a fairly significant minimum deposit amount from $100 to $500 to use most of these payment methods.
CXM Trading is an STP/ECN broker with Forex and CFD trading. It is regulated by the authoritative FCA authority in the UK and has an offshoreWe have an office in Saint Vincent and the Grenadines with a high leverage and a simpler registration process. In CXM Trading, there is a wide selection of trading instruments, narrow spreads on major currency pairs, PAMM account service, social trading and the ability to replenish the account with cryptocurrency. Among the disadvantages, the broker has a fairly high threshold for starting trading and a lack of information on spreads and commissions on various trading accounts.
Before choosing a broker, we recommend that you read the reviews of CXM Trading, as well as see our rating of Forex brokers.
|General Information of CXM Trading|
|Broker Name||CXM Trading|
|Year of foundation||2019|
|EURUSD Spread||0.4 pips|
|Base currencies||USD, EUR, GBP|
|Assets||Currency pairs, indices, stocks, metals, cryptocurrencies|
|Deposit replenishment||BankTransfer, Visa/MasterCard, UnionPay, AliPay, BTC, BCH, ETH, USDT|
|Payment for inaction||—|
- The year of Foundation 2019
- Head office address 13 Leyden Street, London E1 7LE United Kingdom
- Maximum leverage 1:500
- Min. Deposit $2000
- Regulation FCA
- Trading platform
- Payment system to enter Bank Transfers, Debit/Credit Cards , Chine UnionPay, BitCoin
- Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Chine UnionPay, BitCoin
- Number of trading instruments 60
- The number of CFD instruments 200
- The number of metals 10