How is CXM Trading? Is it Reliable?
Founded in 2015, CXM Trading is a fast-growing premium foreign exchange broker that mainly targets the B2B market and institutional clients to meet diverse needs.
Introduction to CXM Trading
Founded in 2015 by seasoned experts with decades of industry experience, CXM Trading is a global trading firm with a team based in the United States, Asia-Pacific, Eastern Europe, the Middle East, and Latin America. The firm offers diverse solutions to meet the varied needs of traders.
CXM Trading provides a wide range of trading instruments, including forex, metals, indices, energy, international stocks, and cryptocurrencies, with spreads starting from zero. Utilizing STP/ECN technology and maintaining deep relationships with top-tier banks and liquidity providers, CXM Trading offers ample market liquidity to meet the needs of clients with stringent trading environment requirements, including large trades and high-frequency trading.
Security at CXM Trading
Since its establishment in 2015, CXM Trading has operated robustly for years without any security incidents involving client funds. Client fund security relies on various factors, including network technology and security issues, third-party payment channel security, settlement risk management, fund segregation, and strict operational procedures.
- DDOS Protection and Redundancy: CXM Trading invests heavily in state-of-the-art DDOS protection servers, featuring multi-layer redundancy, backup hardware and software tools, failover pricing sources, global data centers, and optimized regional routing networks. This ensures 99.99% server uptime and a worry-free trading experience even during the most active global news events.
- High Regulatory Standards: The CXM Trading Group includes brokers regulated by the FCA, ensuring that all policies and procedures adhere to the highest regulatory standards.
- Negative Balance Protection: Unlike traditional futures or options brokers, CXM Trading offers negative balance protection for all traders. Even during rapid market fluctuations, losses at CXM Trading will not exceed the account balance.
- Regular Audits: As a global enterprise, CXM Trading conducts regular audits of all books and transactions, ensuring top-level financial management through daily internal reports.
- Robust Risk Management: CXM Trading's team has decades of combined risk management experience, having successfully responded to multiple Black Swan events, with state-of-the-art real-time liquidity and risk management monitoring tools and proprietary algorithms in order to match top liquidity providers with clients' trading orders.
- Secure Member Area: Each registered CXM Trading client or partner has access to a secure member area with advanced encryption protocols and features for automatic detection of suspicious activities.
- Client Fund Segregation: Traders' funds are held in segregated accounts at top banks and selected financial institutions. Additionally, CXM's policy is to never use client funds for company business financing needs, ensuring the safety of client funds.
- Strict Capital Controls: CXM Trading partners only with rigorously vetted payment system providers, implements tight risk management controls on all transactions, and swiftly settles funds to minimize third-party risk.
CXM Trading Service Features
- Member Area: CXM Trading's backend, developed by a patented team, is trusted by global white-label clients and IB agents. It offers services including a dedicated IB portal, flexible rebate structures, multi-tiered IB support, secure and encrypted connections, customized IB promotional links, real-time IB rebates, unlimited withdrawals, and an easy Sub-IB setup process.
- Trading Policy Terms: CXM Trading provides a highly competitive trading environment and rebate policy, including unrestricted IB commissions, flexible margins, no trading restrictions, spreads starting from zero, and ultra-low latency.
- Client Area: The client area offers excellent performance with services including built-in notification systems, instant internal transfers, instant account opening, multi-account support, automatic document storage and uploads, automatic leverage changes, easy password resets, and integrated PSP.
- Professional Service Team: The customer service team is professionally trained to handle all types of client requests.
CXM Trading Account Types
CXM Trading offers five different account types: FIX API, CENT, ZERO, Standard, and ECN. Each account provides different services, allowing traders to choose the one that best suits their needs.
Here is a comparison of the five account types:
| Account Type | FIX API | CENT | ZERO | Standard | ECN |
|---|---|---|---|---|---|
| Minimum Deposit | $50,000 | $500 | $30,000 | $2,000 | $10,000 |
| Products | Forex, Metals, CFDs, Cryptocurrencies | Forex, Metals, CFDs, Cryptocurrencies | Forex, Metals, CFDs, Cryptocurrencies | Forex, Metals, CFDs, Cryptocurrencies | Forex, Metals, CFDs, Cryptocurrencies |
| Overnight Interest | Yes | Yes | Yes | Yes | Yes |
| EA, Scalping, Hedging | Yes | Yes | Yes | Yes | Yes |
| Minimum Trade Size | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Margin Call/Stop Out Level | 100% / 50% | 100% / 50% | 100% / 50% | 100% / 50% | 100% / 50% |
| Maximum Leverage | 1:200 | 1:1000 | 1:500 | 1:1000 | 1:1000 |
| Managed Accounts/Copy Trading | Yes | No | Yes | Yes | Yes |
| Minimum Order Distance | 0 | 0 | 0 | 0 | 0 |
| Trading Restrictions | No | No | No | No | No |
CXM Trading Account Opening Process
The account opening process at CXM Trading is very simple. Click on "Open an Account with CXM Trading Now"!
- Select “OPEN LIVE ACCOUNT”on the CXM Trading website.
- Enter personal details (name, email, phone number, etc.) and choose the desired account type.
- Proceed to the next page, enter the verification code received in your registration email, or click the link in the email.
- Review and confirm the relevant policy documents, upload identification documents for account verification. This may include utility bills, ID documents, or similar items.
- Once uploaded, wait for verification and approval.
- After account activation, you can deposit funds and begin trading.
CXM Trading Deposit and Withdrawal
Deposit Process
To make a deposit, log in to your CXM Trading account:
- Go to the backend page, select “Funds” from the left navigation bar, and click “Deposit Funds.”
- Choose the account and method for the deposit.
- Enter the deposit amount, carefully review the terms, and click “Continue.”
- Confirm the deposit details. The payment provider may require additional steps.
Internal transfers are processed in real-time, and only available during market hours on business days. For the latest updates, check the information provided.
Common Deposit Methods:
| Payment Method | Currency | Processing Time | Fee | Minimum Amount |
|---|---|---|---|---|
| Bank Transfer | USD, EUR, GBP | 2-5 Business Days | None | Contact your account manager |
| Cryptocurrency | BTC, ETH, BCH | 1 Business Day | 1% | $500 or equivalent |
| Stablecoin | USDT (Tether) | Real-time | None | $500 |
| UnionPay | RMB | Real-time | None | $500 |
Withdrawal Process
To withdraw funds, log in to your CXM Trading account:
- Go to the backend page, select “Funds” from the left navigation bar, and click “Withdrawal.”
- Choose the account and method for the withdrawal.
- Enter the withdrawal amount, carefully review the terms, and click “Continue.”
- Confirm the withdrawal details. The payment provider may require additional steps.
Common Withdrawal Methods:
| Payment Method | Currency | Processing Time | Fee | Minimum Amount |
|---|---|---|---|---|
| Bank Transfer | USD, EUR, GBP | 2-5 Business Days | None | Contact your account manager |
| Cryptocurrency | BTC, ETH, BCH | 1 Business Day | 1% | $100 |
| Stablecoin | USDT (Tether) | Real-time | None | $100 |
| UnionPay | RMB | Real-time or 1-3 Business Days | None | $100 |
Notes:
- The first four withdrawals each month are free; starting from the fifth, each withdrawal incurs a $25 fee.
- Processing times may vary between payment channels and can change frequently. For the latest information, check the backend.
- CXM Trading does not accept third-party deposits. Accounts violating CXM's payment policies will be closed, and all transfer and refund fees will be charged.
- Withdrawals under $50,000 take 1-2 business days; those over $50,000 take 3-5 business days.
CXM Trading Trading Platform
CXM Trading provides the MetaTrader 4 trading platform, featuring:
- Access to all major trading tools
- Automated trading – Expert Advisors
- Cutting-edge, user-friendly features
- Integrated news feeds
- Multi-currency/multi-language support
MetaTrader allows trading mini lots (10K). CXM Trading's lot ratios on MetaTrader are:
- Micro Lot: 0.01 lots = 1,000 units of the base currency (or USD).
- Mini Lot: 0.10 lots = 10,000 units of the base currency (or USD).
- Standard Lot: 1.00 lot = 100,000 units of the base currency (or USD).
CXM Trading Product Offerings
CXM Trading provides a range of mainstream trading products, including 64 currency pairs, 5 precious metals, 11 indices, crude oil, natural gas, and over 30 cryptocurrencies. All of these products can be traded via MT4.
- Forex：CXM Trading offers the most popular and stable forex trading pairs. Traders can build their own forex investment portfolio and experience unique advantages that differ from most other exchanges.
- Energy：This category includes Brent Crude Oil, WTI Crude Oil, and Natural Gas. By taking advantage of the strong volatility in energy products, traders can enjoy the benefits of high leverage on oil and more flexible contract sizes compared to traditional exchanges.
- Precious Metals：Metals are the second most popular asset in the OTC market. CXM Trading offers 10 of the most popular metal trading products, with gold offering industry-leading advantages. Traders can build their own metal portfolios and benefit from low spreads, high liquidity, flexible leverage, and advantageous margin requirements.
- Indices：With hundreds of index products available globally, CXM Trading selects the most liquid and stable ones. Traders can choose from the most popular stock index CFDs from Europe, Asia, and America.
- Cryptocurrencies：CXM Trading offers the most comprehensive range of cryptocurrency products in the OTC market. Traders can build their own cryptocurrency portfolios and enjoy more favorable trading conditions and flexible leverage settings compared to traditional exchanges.
- Stocks：CXM Trading provides the most popular stock CFDs in the United States. Traders can trade stocks of well-known U.S. companies, experience ultra-fast order execution, and benefit from stock dividends.
Frequently Asked Questions
Can I withdraw funds if I still have open positions?
- Yes, you can withdraw funds that are less than your available margin. To withdraw all funds, you must close all open positions.
What is the minimum deposit to open an account with CXM Trading?
- CXM Trading requires different minimum deposits based on the account type, with the minimum being $500. To increase account flexibility and manage position risks, a deposit of $1,000 is recommended.
What are the possible reasons for a withdrawal being rejected?
- Withdrawals may be rejected if the provided bank or personal information is incorrect, or if the bank card exceeds its limit. In such cases, the funds will be automatically returned by the system, and the withdrawal request will be marked as rejected.
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