CXM Direct Review

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If you’re looking for a forex broker to trade with, CXM Direct may have caught your attention. However, with so many brokers out there, it can be challenging to determine which one is right for you. In this article, we will take a closer look at CXM Direct and provide an in-depth review of its trading services. We will explore the broker’s platform, instruments, fees, customer service, and more to help you make an informed decision about whether CXM Direct is the right broker for your trading needs.

Summary

CXM Direct Review

CXM Direct, operating under CXM Group, offers a range of trading tools and resources. It is worth noting that while CXM Global is regulated in Mauritius, CXM Direct LLC operates in unregulated or lightly regulated markets, necessitating caution among traders. The broker provides access to popular trading platforms like MetaTrader 4 and 5, as well as cTrader, alongside valuable tools such as Autochartist and FIX API. With educational resources and diverse account options, CXM Direct seeks to cater to traders of varying experience levels. However, the absence of substantial regulatory oversight may present inherent risks, and traders should carefully assess these factors before considering CXM Direct for their trading endeavors.

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Regulation

CXM Direct is a trading name of CXM Direct LLC, which is part of the CXM Group of companies. CXM Group has broker entities that are authorized and regulated across multiple jurisdictions, such as Mauritius, Seychelles, and Vanuatu. CXM Direct LLC has its business address at The Financial Services Centre, Stoney Ground, Kingstown, St. Vincent & the Grenadines, VC0100 (company number 444LLC2020 IBC).

CXM Global is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number GB21026337. This means that CXM Global follows the rules and standards set by the Mauritius regulator, such as maintaining adequate capital, segregating client funds, conducting regular audits, and providing investor protection.

However, this does not mean that CXM Direct LLC is also regulated by the same authority or any other major regulatory authority, such as the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC). In fact, CXM Direct LLC does not provide services to residents of Algeria, the USA, the UK, Belarus, Canada, China, Iran, Syria, North Korea, Myanmar, Russia, Sudan, Syria, or Ukraine. This suggests that CXM Direct LLC is an offshore broker that operates in unregulated or loosely regulated markets.

Therefore, trading with CXM Direct LLC involves a high level of risk and uncertainty, as there is no guarantee that the broker will honor its obligations or handle the clients’ complaints fairly. In conclusion, CXM Direct LLC is not regulated by any major regulatory authority and does not follow the regulations of its umbrella group. Traders should be aware of the risks and benefits of trading with CXM directly before making any investment decisions. Please see a list of regulated brokers for some alternative options.

Platforms and Tools

CXM Direct offers its clients a variety of platforms and tools to trade with precision and confidence. CXM Direct supports the following platforms:

• MetaTrader 4 (MT4): This is one of the most popular and widely used trading platforms in the market. MT4 has a user-friendly interface, advanced charting and analysis tools, custom indicators and expert advisors, and automated trading capabilities. MT4 also allows traders to access CXM Direct’s institutional-grade liquidity, low spreads and commissions, and fast execution.
  

  MT4 Platform

• MetaTrader 5 (MT5): This is the latest version of the MetaTrader platform, which has more features and functionalities than MT4. MT5 has 21 timeframes, 38 technical indicators, 44 analytical objects, 6 types of pending orders, and a built-in economic calendar. MT5 also supports multi-asset trading, including forex, metals, indices, commodities, and cryptocurrencies.

MT5 Trading Platform

• Trading Central: This is a leading provider of technical analysis and market insights for traders of all levels. Trading Central provides daily reports, newsletters, webinars, indicators, and signals that cover various instruments and markets. Trading Central helps traders to identify trading opportunities, optimize their entry and exit points, and manage their risks.
  

  Trading Central

CXM Direct also provides its clients with various tools to enhance their trading experience, such as:

• FIX API: This is a protocol that enables direct communication between CXM Direct’s servers and the traders’ software or applications. FIX API allows traders to execute orders with minimal latency, access real-time market data, and customize their trading strategies. FIX API is suitable for professional traders who require high performance and flexibility.
• Autochartist: This is a powerful tool that scans the markets for chart patterns, Fibonacci patterns, key levels, and volatility analysis. Autochartist provides traders with visual and audio alerts, performance statistics, and quality indicators. Autochartist helps traders to save time, increase their confidence, and improve their trading outcomes.
• VPS: This is a virtual private server that allows traders to run their trading platforms and expert advisors 24/7 without interruption. VPS provides traders with a secure and stable environment, high-speed connection, low latency, and remote access. VPS is ideal for traders who use automated trading systems or trade from different locations.

Education

CXM Direct provides its clients with various educational resources to help them learn and improve their trading skills. CXM Direct has an online university that covers topics such as:

• FX Trading 101: This section introduces the basics of forex trading, such as types of traders, what is forex trading, understanding forex standard lot, how leverage works in trading, liquidity providers, how much money can you make trading forex, and expert advisors (EA).
• CXM Member Area Tutorial: This section shows how to use the CXM member area, such as how to add a deposit, how to withdraw funds, how to open a live account, how to open a demo account, how to verify your account, and how to change your password.
• CXM Trading Tools: This section explains the features and benefits of the trading tools that CXM Direct offers, such as Trading Central, Autochartist, and VPS.

CXM Direct also supports various trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and FIX API. Each platform has its own tutorial videos that show how to download, install, set up, and use the platform.

Markets

CXM Direct offers its clients a wide range of markets to trade, including forex, metals, indices, commodities, and cryptocurrencies. CXM Direct claims to provide institutional-grade liquidity, competitive pricing, and fast execution for these markets.

• Forex: This is the largest and most liquid market in the world, with a daily volume of more than $7 trillion. Forex trading involves buying and selling currencies against each other. CXM Direct has a broad selection of currency pairs, from major to exotic ones. CXM Direct offers over 60 currency pairs, such as EUR/USD, GBP/JPY, USD/ZAR, and NZD/CAD.
• Metals: This is a market that involves trading precious metals, such as gold, silver, platinum, and palladium. Metals trading can be used as a hedge against inflation, currency fluctuations, or geopolitical risks. CXM Direct offers spot and futures contracts for metals trading with 4 metal pairs, such as XAU/USD (gold), XAG/USD (silver), XPT/USD (platinum), and XPD/USD (palladium).
• Indices: This is a market that involves trading baskets of stocks that represent a specific sector, country, or region. Indices trading can be used to diversify one’s portfolio, gain exposure to different markets, or speculate on the performance of a group of companies. CXM Direct offers 12 index pairs, such as US30 (Dow Jones), UK100 (FTSE 100), GER30 (DAX 30), and JPN225 (Nikkei 225).
• Commodities: This is a market that involves trading raw materials or primary products, such as oil, gas, wheat, coffee, and sugar. Commodities trading can be used to benefit from supply and demand dynamics, seasonal patterns, or weather events. CXM Direct offers spot and futures contracts for commodities trading 10 commodity pairs, such as USOIL (WTI crude oil), UKOIL (Brent crude oil), NGAS (natural gas), and COFFEE (coffee).
• Cryptocurrencies: This is a market that involves trading digital assets that use cryptography to secure transactions and control the creation of new units. Cryptocurrency trading can be used to take advantage of the high volatility, innovation, and diversity of this emerging market. CXM Direct offers 4 cryptocurrency pairs, such as BTC/USD (Bitcoin), ETH/USD (Ethereum), LTC/USD (Litecoin), and XRP/USD (Ripple).

Accounts

CXM Direct has different types of accounts to suit the needs of different traders, such as standard, pro, VIP, and Islamic accounts. CXM Direct claims to provide low spreads and commissions, high leverage, and flexible deposit and withdrawal options for these accounts.

• Standard account: This is the most basic account type that CXM Direct offers. It requires a minimum deposit of $100 and has a minimum lot size of 0.01. The standard account has variable spreads starting from 1.2 pips and no commissions. The standard account supports MT4, MT5, and cTrader platforms.
• Standard bonus account: This is a special account type that CXM Direct offers for a limited time. It requires a minimum deposit of $100 and has a minimum lot size of 0.01. The standard bonus account has variable spreads starting from 1.2 pips and no commissions. The standard bonus account supports MT4, MT5, and cTrader platforms. The standard bonus account also offers a 100% deposit bonus of up to $5000, which can be used for trading but not withdrawn.
• ECN account: This is an account type that is designed for more experienced traders who want lower spreads and faster execution. It requires a minimum deposit of $500 and has a minimum lot size of 0.01. The ECN account has variable spreads starting from 0 pips and a commission of $3 per lot per side. The ECN account supports MT4, MT5, cTrader, and FIX API platforms.
• The Islamic Account: The Islamic Account, on the other hand, is designed for traders who follow Islamic finance principles and requires no swap or rollover fees. This account type is also known as a swap-free account and is designed to comply with Sharia law, which prohibits the accumulation of interest. Traders with Islamic accounts do not pay or receive interest rates, and transactions must be carried out without delay.
• Cent Account: The Cent Account is designed for beginner traders and requires a minimum deposit of just $10. This account type uses a deposit reduced by 1,000 times with standard trading conditions, which means that if you deposit only $10, you will see an amount of 10,000 currency units in the Forex trading terminal.

Funding

CXM Direct provides its clients with various funding options to deposit and withdraw funds from their trading accounts. CXM Direct claims to offer instant deposits and withdrawals, low fees, and multiple currencies for these funding options. The funding options are:

• Credit/Debit Cards: This is a funding option that allows clients to use their Visa or Mastercard cards to deposit and withdraw funds. The minimum deposit amount is $100 and the maximum deposit amount is $5000 per transaction. The minimum withdrawal amount is $50 and the maximum withdrawal amount is $5000 per transaction. The deposit and withdrawal fees are 2.5% and 3% respectively. The processing time is instant for deposits and up to 24 hours for withdrawals. The supported currencies are USD, EUR, GBP, and AUD.
• Wire Transfer: This is a funding option that allows clients to use their bank accounts to deposit and withdraw funds. The minimum deposit amount is $100 and there is no maximum deposit amount. The minimum withdrawal amount is $50 and there is no maximum withdrawal amount. The deposit and withdrawal fees are determined by the client’s bank. The processing time is 2-5 business days for both deposits and withdrawals. The supported currencies are USD, EUR, GBP, and AUD.
• E-Wallets: This is a funding option that allows clients to use online payment services to deposit and withdraw funds. CXM Direct supports various e-wallets, such as Skrill, Neteller, FasaPay, Perfect Money, WebMoney, QIWI, and Bitcoin. The minimum deposit amount is $15 and the maximum deposit amount varies depending on the e-wallet. The minimum withdrawal amount is also $15 and the maximum withdrawal amount varies depending on the e-wallet. The deposit and withdrawal fees are 0% for Skrill, Neteller, FasaPay, Perfect Money, WebMoney, and QIWI, and 1% for Bitcoin. The processing time is instant for both deposits and withdrawals. The supported currencies are USD, EUR, GBP, AUD, RUB, IDR, BTC, and more.

Conclusion

CXM Direct, a versatile brokerage firm, stands out by providing traders and partners with a wide array of trading tools, including multiple account types, a rich selection of tradable instruments, and comprehensive educational resources. The convenience of flexible funding options and a stellar reputation for high-quality services add to its appeal. However, it’s worth noting that while CXM Direct offers strong features, there are other brokers with longer track records in the industry that might be worth considering as alternative options. To explore these alternatives and make an informed choice, we encourage you to delve into our comprehensive trading broker reviews.

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CXM Direct is a broker that offers various trading tools and solutions for traders and partners. CXM Direct has different types of accounts, platforms, instruments, educational resources, and funding options. CXM Direct claims to provide high-quality services and customer satisfaction, with institutional-grade liquidity, fast execution, as well as low spreads and commissions.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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