CXM Direct Review: Is CXM Direct a Good Broker?

Broker overview and general information

CXM Direct was founded in 2015 and is headquartered in London. CXM Direct is a licensed broker for CFDs, offering trading in over 200 assets including Forex and Cryptocurrencies. With many years of experience in global markets such as Asia Pacific, Europe and the United States, as well as good trading conditions, low spreads and low commissions, the broker has become well-known, but still not very popular among traders. The broker is also properly licensed and regulated by the relevant authorities.

Licenses that brokers have obtained

If you ask whether CXM Direct is good or not, you have to start by considering the license factor first, which has the following licenses:

• FINANCIAL SERVICES AUTHORITY St Vincent & The Grenadines (FSA) License No. 444LLC2020 under CXM Direct LLC.

Regional Restrictions: CXM Direct LLC does not provide services to residents of the United States, Canada, China, Sudan, Syria, Iran, North Korea.

Products and services from brokers

Trading products

• FOREX

• METALS

• INDICES

• ENERGY

• CRYPTOS

• EU/US STOCKS

Trading platforms and tools

A wide range of trading platforms and tools are offered to meet the needs of investors and traders of all experience levels, including:

• MetaTrader 4 (MT4): MT4 

• MetaTrader 5 (MT5): MT5

• Social Trading (Copy Trading)

• PAMM

Broker Account Types

There are 5 account types to choose from:

STANDARD ACCOUNT  

•  Leverage         1:Unlimited

•  Minimum deposit     $50

ECN Account  

• Leverage        1: Unlimited

• Minimum deposit $100

CENT Account 

•  Leverage        1:2000

•  Minimum deposit     $10

ZERO ACCOUNT

•  Leverage        1:1000

•  Minimum deposit     $1000

FIX API Account

•  Leverage        1:300

•  Minimum deposit     $50,000

Review of the pros and cons of CXM Direct Broker

Pros

• Low initial deposit

• Wide range of trading products

• There are many types of accounts to choose from for trading.

Cons

• Withdrawal takes 1 business day.

• Deposit and withdrawal channels are quite limited.

• It has only one license and is classified as Tier D, which concerns users about its reliability.

• The licenses of affiliated companies are displayed, which may mislead some investors.

Office location and contact channels

Contact channels:

• [email protected]

Broker Overview Summary

CXM Direct is a Forex and CFD broker that stands out for its speed and flexibility in providing trading in a variety of markets, including Forex, precious metals, indices, and energies. The broker offers attractive trading conditions, such as a variety of leverages, which allow traders to take full advantage of market opportunities. It also offers multilingual customer support.

However, the broker does have some disadvantages to consider, especially in terms of reliability. The broker has only one license and is classified as Tier D, which may cause concern to users. In addition, the licenses of affiliated companies are displayed, which may cause confusion for investors. In addition, the deposit and withdrawal channels are quite limited, and withdrawals take up to 1 business day. Although the broker offers low initial deposit conditions and a wide range of trading products, these limitations may cause some investors to consider carefully before choosing to use the service.

In summary, CXM Direct is a highly flexible broker with good trading conditions, but caution should be exercised when it comes to reliability and ease of transactions.

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CXM Direct Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.