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CXM Trading -

Score

6.61 /10
Average

CXM Trading

United Kingdom

10-15 years

Regulated in United Kingdom

Straight Through Processing(STP)

MT4 Full License

Global Business

High potential risk

Offshore Regulated

https://www.cxmtrading.com/en

Benchmark

A

Influence

C

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Comparison

Quantity 16

Exposure

Open Account
Website

Score

Regulatory Index6.78

Business Index8.02

Risk Management Index0.00

Software Index9.99

License Index6.78

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

Licenses

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

Single Core

1G

40G

open now

Broker Information

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Company Name

CXM Trading LTD

Company Abbreviation

CXM Trading

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-09-19
  • The number of the complaints received by WikiFX have reached 15 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)
720.9 Poor
The highest transaction speed(ms)
39 Great
The highest speed of opening positions(ms)
39 Perfect
The highest speed of closing position(ms)
443 Poor
The lowest speed of opening positions(ms)
1982 Poor
The lowest speed of closing position(ms)
1968
Ranking： 77 / 132
Test user 685
Transactions 157,766
Ocuppied margin $2,268,420 USD
Data Source WikiFX Data provide
Updated: 2024-09-18 01:09:00

Exposure

16 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Please be careful of Hong Konger Li Haobo

Many scams. It is impossible to withdraw 21,000 USD.

2021-07-18 15:51
Resolved

qoʻshimcha pul talab qilishdi

men bilan shartnoma tuzishdi tugashi va pul yechib olish sanasi 1- iyun sanasi deb belgilashdi, pul yechib olish uchun mendan qoʻshimcha pul talab qishdi

2024-06-02 23:22
Unable to Withdraw

Li Haobo is a big fraud

This guy recommended a fraud platform which is a clone to me. I trusted him cuz I withdrew funds successfully once. However, I have't withdrawn funds since then. Won't your conscience be troubled after you cheat our hard-earned money? When will you return my deposit of $21,000?? Please be careful and do not be cheated by this guy~

2021-07-16 10:18
Unable to Withdraw

Withdrawal is not possible and they stopped responding.

They contacted me about a month ago with the prologue that they wanted to buy real estate in our country. They asked me to help them with a purchase, and we talked further. They invited me to enter the foreign exchange market, and they promised that there would be no problems with my withdrawal. I didn’t believe it at first; after one successful withdrawal, I began to believe them and took out a loan for more profit, and then when I wanted to withdraw more than $2,000, they had already stopped responding.

2024-07-04 18:28
Unable to Withdraw

Unable to withdraw

The withdrawal in CXM Trading is unavailable for times.

2020-08-15 12:56
Unable to Withdraw

Li Haobo was a scammer

He pretended to help you in order to grab more money from you. It was disgusting that he still cheat people. I was unable to withdraw my deposit of $21,000. Beware of his scams.

2021-07-22 16:43
Unable to Withdraw

Cannot withdraw

https://204e9800998ecf8427e.xm50.vip/index/login/login.html Does anyone know this person? At first he used ig to induce me, I checked Facebook and found him. At first he taught me how to operate, and finally I couldn’t withdraw the 500,000 Taiwan dollars I deposited... I hope this platform can help me get my money back[d83d][de2d][d83d][de2d][d83d][de2d]

2021-07-11 19:19
Unable to Withdraw

My money in my account is blocked

When I said that I wanted to withdraw my money from my account and end the deal, they asked me to deposit 15 percent, approximately 480 dollars, as a penalty. When I said that I wanted to take 500 dollars from my account and pay it and then withdraw the remaining money, they did not accept it. Then, when I looked on the internet, I saw that they did the same to others and then asked for money again. Now they are keeping my money on hold and sending it to the stock market. They are threatening to apply to freeze my account this is bullying and fraud. Please be alert.

2024-06-27 01:24
Unable to Withdraw

Unable to withdraw.

The Hong Kong citizen Li Haobo cheated me of $21,000 and I was till unable to withdraw.

2021-07-26 19:01
Unable to Withdraw

Cannot withdraw

I used to participate in the reward activity, and I needed to deposit 10,000 US dollars. I was not inform that I need to upgrade to member to withdraw. Now I want to withdraw money and need to deposit another 10,000 US dollars.

2021-07-11 11:34
Unable to Withdraw

Please be careful of Hong Kong resident Li Haobo

Li Haobo pretends to teach foreign exchange operation with good intentions and leads people to paying the deposit through feedback activities. Only one withdrawal was successful, while other users were unable to withdraw. He is terrible because of cheating. The deposit totals nearly $21,000, which is still unable to be withdrawn. Please be careful of him.

2021-07-14 18:51
Unable to Withdraw

Unable to withdraw funds

Scammers. Unable to withdraw funds. Beware of residents of Hong Kong. Kelly wrote on the platform "Krysha v RK." She gained trust under the pretext of buying real estate in Almaty. A month of normal communication. So kind and caring. Showing her family and life. Showed her income and that she is ready to help, teaching how to earn in the foreign exchange market. That the strategy is 100% and there will be no problems with withdrawals. I refused for a long time, but decided to try. The first withdrawal was successful with a small amount. She even offered her own funds to increase the income. Earned $4100, decided to withdraw the funds, and it started. Commission 20% = $820, then overtime = $500. Then, in order to continue the withdrawal, deposit $2052. SCAM. Don't believe them. You won't get the money even if you pay all their demands.

2024-07-05 14:15
Unable to Withdraw

When will the Hong Konger Li Haobo show up?

I was scammed by him and deposited 21,000 USD. And I was unable to withdraw. I hope the scammer can be exposed as soon as possible.

2021-07-20 18:56
Unable to Withdraw

They are holding the fund.

Hello. I have been working with CXM Trading for 3 months. I wanted to withdraw a portion of my funds. It has been 4 days. It says it is under review. I asked customer service a question. They are not responding. I don't understand what kind of trading this is. I hope we can withdraw our funds soon.

2024-07-18 00:24
Scam

Watch Out scammers and fraudsters

they are the same people who scammed me through the Hero Markets Ltd. i just found out they changed and went to this broker and watch out for woman and man from Hong Kong if they are contacting you it is already something wrong. if it is too good to be true it usually is😉 they use platforms like SoonTrade5 SlimTransfer5, SXFMGY and they usually contact you through facebook or other social platforms. keep your wits my friends.

2024-03-21 12:36
Unable to Withdraw

Alchemy prine limited

Hello Team, This is to inform you that i have been scammed by the trading App 'CXM trading” assessed through “In-CARLYLES” app. When i put up my car for sale on car selling app, I was approached by someone who called her name 'Kelly' having the cell # +852 6558 5997 ahowing interest to buy. She initially showed herself a business owner and an investor and declared that she made lot of profits from the trading app by sending screenshots of her balance growing by leaps and insisted me to try as well. She trapped me through by giving a simulation account and guided how to use it. then asked me to start investment with $300 on 16.04.2024 and took me to $2350 investment on 17-07-2024. She said she will provide investment strategies by their analytics and if i grow/top up my balance to 5000 USD then 10,000 USD and so on for more lucrative strategies. I only traded 0.3 lots and they showed a dummy profit on UKOIl while on that day UKOiL price dis not touch that limit hence it was all scam and artificial. When i got the doubted i asked her she showed me a linkthat their firm is registered. Out of my Balance 2337 $. Later, I came up with a need to partially withdraw my amount $18,00/- and asked her for withdrawal. She connected me to a customer services email 'internationalforeignexchange01@gmail.com' which she has given me to verify my identity and ensure deposits in my account through Binance. Upon withdrawal request, she asked me to pay the Liquidated damages 20% '$500' first in Wallet Account “TMBoEdmddFgan5JkP1fWjYSr4xY1GLNGiH”before we proceed your withdrawal. When I completed the transaction then she asked to pay the Income tax of 15% to get the payment. I didn’t pay and told them to either debit taxes and charges from my balance but they are saying i need to pay first and still waiting for the withdrawal. I processed the withdrawal through the app later on 18-03-2024 and its showing 'Pending Review' since dat day

2024-04-19 18:38
    Sources
    Data Source WikiFX Data provide
    Updated: 2024-09-19
    CXM Trading · Company summary

    Note: 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.

    Registered inSaint Vincent and the Grenadines
    Regulated byFCA, FSC (Offshore)
    Year(s) of establishment5-10 years
    Trading InstrumentsForex pairs, stocks, cryptocurrencies, indices, metals, energies, indices
    Minimum Initial Deposit$500
    Maximum Leverage1:500
    EUR/USD SpreadAround 0.7 pips
    Trading PlatformMT4
    Payment MethodBank wire transfer, bitcoin, union pay, etc.
    Customer Service24/5 contact form, email
    Fraud Complaints ExposureYes

    CXM Trading Information

    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

    What Type of Broker is CXM Trading？

    AdvantagesDisadvantages
    No Dealing Desk interventionPossible higher spreads
    Faster execution speedNo price manipulation
    Lower risk of conflicts of interestNo control over the pricing
    Transparency of trading conditionsLimited control over liquidity
    Better trade execution

    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.

    Pros & Cons

    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.

    Is CXM Trading Legit？

    CXM Trading operates under robust regulatory frameworks with two distinct licenses. The brokerage holds a Straight Through Processing (STP) license (No. 612233) from the strict and reliable UK's Financial Conduct Authority (FCA), indicating high standards in transparency and operational fairness.

    Regulated by FCA

    Additionally, CXM Trading has an offshore-regulated Retail Forex License (No. GB21026337) issued by the Financial Services Commission (FSC) in Mauritius. While offshore licenses are often viewed with a degree of caution, the regulation still indicates an adherence to certain financial regulations.

    Offshore regulated by FSC

    Market Instruments

    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.

    market instruments

    Spreads & Commissions

    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 around0.7 pips. However, the broker does not mention anything about commissions, making it difficult for traders to estimate their overall costs.

    spreads and commissions

    Account Types

    All account types support trading in forex, metals, CFDs, and cryptocurrencies. The minimum lot size for all account types is 0.01 lots. The required minimum initial deposit amount varies significantly across account types, ranging from $500 for the CENT account to $50,000 for the FIX API account. The maximum leverage ratio available also differs by account type, from 1:500 for the ZERO account to 1:200 for the FIX API account.

    Account TypeZEROSTANDARDECNFIX APICENT
    Starting Deposit$30,000$2,000$10,000$50,000$500
    InstrumentsFX, Metals, CFDs, CryptosFX, Metals, CFDs, CryptosFX, Metals, CFDs, CryptosFX, Metals, CFDs, CryptosFX, Metals, CFDs, Cryptos
    Min Lot0.010.010.010.010.01
    Max Leverage1:5001:10001:10001:2001:1000

    The ZERO and STANDARD accounts are suitable for beginners or traders with smaller volumes, as they have lower initial deposit requirements. The ECN and FIX API accounts are more geared towards experienced traders or those who need higher leverage ratios. The CENT account is suitable for traders who want to try out micro-trading with smaller amounts.

    Leverage

    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.

    Trading Platform

    AdvantagesDisadvantages
    MT4 platform availableNo other platform options available
    Social trading featureLimited customization options
    Advanced charting toolsNo proprietary platform
    User-friendly interface

    Trading Platform

    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

    Deposit & Withdrawal: Methods and Fees

    Bank WireCurrenciesProcessing TimeCommissionMinimum amount
    Deposit/WithdrawalUSD, EUR, GBP2-5 Business DaysNoneContact Account Executive for details
    CrytosCurrenciesProcessing TimeCommissionMinimum amount
    DepositBTC, ETH , BCH1 Working Day1%500 USD equivalent
    Withdrawal100 USD equivalent
    Stable CryptosCurrenciesProcessing TimeCommissionMinimum amount
    DepositUSDT (Tether)InstantNone500 USD equivalent
    Withdrawal100 USD equivalent
    Union PayCurrenciesProcessing TimeCommissionMinimum amount
    DepositRMBInstantNone500 USD equivalent
    Withdrawal1-5 Business Days**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. Stablecryptos, such as USDT, have no commission and offer instant processing time for both deposits and withdrawals. Lastly, UnionPay 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.

    Social Trading

    CXM Trading's social trading platform empowers you to either replicate the strategies of top-performing traders or attract followers to profit from your trading expertise.

    Social Trading

    Customer Service

    CXM Trading provides its clients with 24/5 contact form andemail 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.

    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 bankwire, cryptocurrencies, stablecryptocurrencies, and UnionPay.

    However, the broker has limited educational resources. 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 (FAQs)

    • Is CXM Trading a regulated broker？
    • Yes. It is regulated by FCA and offshore regulated by FSC.
    • What types of trading accounts does CXM Trading offer？
    • It offers five types of trading accounts, including Cent, Standard, Premium, ECN, and FIX API accounts.
    • What trading platforms does CXM Trading support？
    • It supports the popular trading platform MetaTrader 4 (MT4) and also offers social trading functionality.
    • What financial instruments can I trade with CXM Trading？
    • It offers a range of financial instruments to trade, including forex pairs, stocks, cryptocurrencies, indices, metals, and energies.

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    User comment

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    FX1734484768
    more than one year
    Everything is good. Some of the feature is missing either it is not available in application or I am unable see or use.
    Everything is good. Some of the feature is missing either it is not available in application or I am unable see or use.
    Translate to English
    2024-08-27 18:15
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    0
    0
    79699
    more than one year
    Great. I need a platform that keeps up with my active trading style, and CXM's MetaTrader 4 has been perfect. It’s super reliable, even when the market is volatile.
    Great. I need a platform that keeps up with my active trading style, and CXM's MetaTrader 4 has been perfect. It’s super reliable, even when the market is volatile.
    Translate to English
    2024-06-18 10:34
    1
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    16