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.