CXM Direct Review

Why choose CXM Direct

Offers a variety of account types and competitive trading conditions.

Pros

  • Multiple account options.
  • Competitive spreads.
  • Flexible leverage.

Cons

  • Limited regulatory oversight; primarily focuses on forex and CFDs.
CXM Direct

CXM Direct

Fee Level:

Medium

Inactivity Fee:

None

Index CFD Fee:

Medium

Investor Protection:

Compensation schemes vary by jurisdiction.

Mobile Platform:

Visit CXM Direct

Provides a cost-effective trading environment with minimal fees.

Pros

  • No inactivity or withdrawal fees; competitive forex spreads starting from 1.0 pips.

Cons

  • Limited investor protection depending on regulatory jurisdiction.

Implements security measures such as negative balance protection and segregated client funds.

Pros

  • Provides negative balance protection and segregated client funds.

Cons

  • Limited investor protection for clients in certain regions.

CXM Direct allows bank transfers, cards, Skrill, Neteller, and crypto. Deposits are instant; withdrawals 1–3 days.

Pros

  • Instant deposits, multiple payment methods, secure transactions.

Cons

  • Instant deposits, multiple payment methods, secure transactions.

CXM Direct provides an online registration process with document approval taking 2–3 business days.

Pros

  • Low minimum deposit and fast verification.

Cons

  • Low minimum deposit and fast verification.

CXM Direct offers mobile trading through the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) apps, providing standard features like real-time quotes, charting tools, and various order types.

Pros

  • Supports both MT4 and MT5 platforms, reliable performance, essential trading functionalities.

Cons

  • No proprietary mobile app; interface may appear dated compared to newer applications.

CXM Direct utilizes the MT4 and MT5 desktop platforms, known for their robust performance, advanced charting tools, and support for automated trading strategies.

Pros

  • Advanced analytical tools, customizable indicators, support for Expert Advisors (EAs).

Cons

  • No proprietary platform; interface may be complex for beginners.

CXM Direct offers a variety of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies, providing opportunities for diversified trading strategies.

Is CXM Direct a regulated broker?

CXM Direct operates under multiple entities: CXM Prime Ltd (UK): Registered in England and Wales, authorized and regulated by the UK Financial Conduct Authority (FCA) with regulatory number 966753. CXM Trading LLC: Registered in Saint Vincent and the Grenadines, operating within the legal scope of business activities as defined in the St. Vincent and the Grenadines 2009 Amendment Act. It's important to note that while CXM Prime Ltd is regulated by the FCA, CXM Trading LLC operates in a jurisdiction with less stringent regulatory oversight. Potential clients should consider the regulatory environment when choosing to engage with the broker.

What is the minimum deposit required to open an account?

The minimum deposit varies depending on the chosen account type. For instance, the Cent Account may have a lower minimum deposit compared to the ECN or ZERO accounts. Specific deposit requirements can be found on CXM Direct's account types page.

What are the deposit and withdrawal options?

CXM Direct supports various payment methods, including bank transfers, credit/debit cards, and electronic payment systems. Processing times and any associated fees may vary depending on the chosen method. For detailed information, it's advisable to consult CXM Direct's official resources or contact their customer support.