CXM Trading, established on December 30, 2019, in St. Vincent and the Grenadines, is a forex broker specializing in providing traders with financial trading services including forex, metals, indices, energy, stocks, and more, with its headquarters located in Kingstown (St. Vincent and the Grenadines). CXM Trading does not offer its services to residents of St. Vincent and the Grenadines, the USA, the UK, Canada, Sudan, Syria, Iran, Russia, Belarus, Ukraine, North Korea.
Corporate Background and Regulatory Status:
As a trading service provider, CXM Trading is an enterprise entity registered with the Financial Services Authority of St. Vincent and the Grenadines (SVGFSA) under the name CXM Trading LLC, which is a subsidiary of CXM Group. The company's registered address is The Financial Services Centre, Stoney Ground, Kingstown, St. Vincent, and The Grenadines, with a registration number of 234. Information obtained from Whois indicates that the broker's official website domain was registered on July 2, 2018.
Moreover, the SVGFSA only regulates banking, insurance, or mutual fund activities and does not oversee forex margin trading activities or issue forex licenses. Hence, this entity operates without regulation.
The UK registered enterprise entity of CXM Trading is CXM Prime Ltd, which was registered on May 19, 2021, with the office address at Office No. 518 Signature By Regus, London, England, EC3A 6DQ, and a registration number of 13407617. This entity is authorized and regulated by the Financial Conduct Authority (FCA), with authorization granted on December 20, 2022, and a license number of 966753.
According to the UK FCA's official website, CXM Prime Ltd is authorized to engage in specific activities and product types, not allowed to refer investment services to entities outside the European Economic Area; cannot undertake any regulated activities with anyone categorised as retail clients or elective professional clients; cannot sell, distribute, or market crypto asset derivatives; may control but cannot hold client funds. Therefore, CXM Prime Ltd can only provide services to European institutional clients and cannot serve non-European regions or retail clients.
Furthermore, the entity's regulated website domain listed on the FCA's website is https://www.cxmprime.co.uk, not https://www.cxmtrading.com. Still, accessing its regulated domain reveals that the site only offers turnkey liquidity and technology packages for trading firms and professional traders rather than foreign exchange trading and brokerage services.
CXM Trading's registered corporate entity in Mauritius is CXM Global, which was registered on October 8, 2021, with the registered address being 5th Floor The CORE No. 62 ICT Avenue Cybercity 72201 Ebene MAURITIUS, and the registration number being C183078. This entity is authorized and regulated by the Financial Services Commission (FSC) of Mauritius, with authorization granted on October 11, 2021, and a license number of GB21026337.
Trading Products
CXM Trading offers a variety of trading products, including Forex, precious metals, indices, energy, cryptocurrencies, and stocks.
Forex trading: CXM Trading enables investors to participate in the Forex market by providing trading opportunities for various currency pairs. Investors can trade based on the price fluctuations of one currency against another.
Precious Metals Trading: CXM Trading provides investors with opportunities to trade in the precious metals market. The precious metals market is a global market that includes gold, silver, and other metals, allowing investors to engage in the market through trading these metals.
Indices Trading: CXM Trading allows investors to trade based on the price movements of specific financial indices. These indices include stock indices, commodity indices, bond indices, and others, offering investors the chance to engage in the market through trading these indices.
Energy Trading: CXM Trading gives investors opportunities to trade Brent, WTI crude oil, and natural gas among other energy products, ensuring the best trading experience and optimal execution quality.
Cryptocurrency Trading: CXM Trading offers the most popular and stable cryptocurrency products for users.
Stock Trading: CXM Trading enables users to trade a wide range of global stocks.
Trading Platforms
CXM Trading offers investors three trading platforms: MT4, Social Trading, and PAMM.
The MT4 platform is the most popular trading platform currently on the market, offering various trading indicators, expert advisors for automated trading, and extensive charting tools, including versions for Windows, Android, iOS, and MAC.
Social Trading enables traders to copy each other's orders through account managers and server APIs, featuring individual rankings and data statistics templates.
PAMM is a trading model where investors invest their funds in experienced traders or fund managers in the hopes of earning a profit.
Account Registration
The official website of CXM Trading offers two types of account registration: live accounts and demo accounts. The specific registration methods are as follows:
- Live Account Registration: First, open the CXM Trading official website, scroll down to the bottom, and click “OPEN LIVE ACCOUNT”.
You can complete account registration by following the steps and filling in the information.
- Demo Account Registration: Open the CXM Trading official website, scroll down to the bottom, and click “OPEN DEMO ACCOUNT”.
You can complete account registration by following the steps and filling in the information.
Account Types
CXM Trading offers a demo account and five different types of real trading accounts: Standard Account, Premium Account, ECN Account, CENT ACCOUNT, and FIX API Account.
These five accounts have the following in common: They all offer trading in forex, metals, and CFDs; they have overnight swap fees; support EA, scalping, and hedging; the minimum trade volume is 0.01 lots; margin call level is set at 100%, and stop out level is set at 50%; there's no minimum order distance; no trading restrictions; spreads start from 0 pips.
However, they differ in the following ways:
- The Standard Account requires a minimum deposit of $2,000, offers a maximum trading leverage of 1:1000, and provides managed account/copy trading.
- The Premium Account requires a minimum deposit of $5,000, offers a maximum trading leverage of 1:1000, and provides managed account/copy trading.
- The ECN Account requires a minimum deposit of $30,000, offers a maximum trading leverage of 1:1000, and provides managed account/copy trading.
- The FIX API Account requires a minimum deposit of $50,000, offers a maximum trading leverage of 1:200, and provides managed account/copy trading.
- The CENT Account requires a minimum deposit of $500, offers a maximum trading leverage of 1:1000, but does not provide managed account/copy trading.
Spreads and Leverage
CXM Trading offers a leverage policy suitable for all clients:
- For clients with $5,000 < $10,000: The leverage for all major Forex and precious metals in the client's trading account is 1:500, for energy and index CFD products is 1:200, and for cryptocurrency products is 1:10.
- For $10,000—$20,000: The leverage for all major Forex and precious metals is 1:400, for energy and index CFD products is 1:200, and for cryptocurrency products is 1:10.
- For $20,000—$250,000: The leverage for all major Forex and precious metals is 1:200, for energy and index CFD products is 1:200, and for cryptocurrency products is 1:10.
- For $250,000: The leverage for all major Forex and precious metals is 1:100, for energy and index CFD products is 1:100, and for cryptocurrency products is 1:5.
For copy traders, or synchronous trading under an agent considered as copy trading, the leverage for forex, precious metals, indices, and energy types is 100:1. For cryptocurrency, the leverage is 5:1.
Deposit and Withdrawal Methods
The following is an overview of the deposit and withdrawal methods provided by CXM Trading:
- Bank Wire: Supported currencies: USD, EUR, GBP. Processing time: 2-5 business days. Commission: None.
- Cryptocurrencies (Cryptos): Supported currencies: BTC, ETH, BCH. Processing time: 1 business day. Commission: 1%. Minimum deposit amount: $500. Minimum withdrawal amount: $100.
- Stable Cryptocurrencies (Stable Cryptos): Supported currency: USDT. Processing time: Instant. Commission: None. Minimum deposit amount: $500. Minimum withdrawal amount: $100.
- Union Pay: Supported currency: RMB. Deposit time: Instant. Withdrawal time: Instant or 1-3 business days. Commission: None. Minimum deposit amount: $500. Minimum withdrawal amount: $100.
CXM Trading specifies that each client is not charged a withdrawal fee for the first four withdrawals per calendar month, with a fee of $25 charged for each subsequent withdrawal. CXM Trading does not support third-party deposits.
Customer Support
This broker offers support in English and Chinese, available through multiple channels including phone, email, and online chat. Traders can contact the customer support team directly and immediately at +19295817287. Investors can also send their queries or requests to support@cxmtrading.com. Additionally, the online chat feature on the CXM Trading website facilitates quick communication with the broker.
Conclusion:
CXM Trading is registered in St. Vincent and the Grenadines and is currently unregulated. CXM Trading offers a variety of trading products, including forex, precious metals, stock indices, cryptocurrencies, and energy. The broker provides clients with a suitable leverage policy to choose from. Before engaging in high-leverage trading, it is essential to fully understand the market mechanisms and carefully consider one's investment objectives and risk tolerance.
Currently, CXM Trading is marked as "In-Operation" on the TraderKnows.
