CXMarkets Forex Broker

CXMarkets Review SummaryFounded1999Registered Country/RegionUnited StatesRegulationNo regulationMarket InstrumentsWeather-related financial protection productsCustomer SupportMonday - Friday, 9:00 AM to 5:00 PM ETTel: +1 877-300-4555; +1 212-829-5455Email: customerservice@cantorexchange.com CXMarkets Information CXMarket is an unregulated broker offering a specialized platform for trading weather-related financial products, including rain, snow, temperature, and landfall contracts. They provide various fee schedules, with no fees for application, deposit, or withdrawal.Pros and ConsProsConsNo application or deposit/withdrawal feesLack of regulationSpecific products for weather riskLong operation timeVarious channels for customer supportIs CXMarkets Legit? CXMarkets is an unregulated broker. The WHOIS search shows the domain cxmarkets.com was registered on August 02, 1999. Its present state is “client transfer prohibited,” which indicates the domain is locked and cannot be moved to another registrar. Therefore, please be aware of the risks!CXMarkets Products and Markets CXMarkets offers a trading platform and API access for weather-related financial protection products, providing market information, trade execution, and clearing/settlement services.CXMarkets FeesGeneral Fee ScheduleTypes of FeesFee AmountApplication Fee❌Deposit & Withdrawal Fee❌Monthly Inactive Account Fee$2 (suspended after August 1, 2020)Weekly Rain Markets Fee ScheduleTrading Fees (on all completed trades)Fee Amount (per contract)Executed Buy Order❌Executed Sell Order$0.02Settlement Fees (on all open positions at contract settlement)Fee Amount (per contract)All settlements❌Forex & Metals Markets and Monthly Rain Markets Fee ScheduleTrading Fees (on all completed trades)Fee Amount (per contract)All Market Orders❌Limit Orders that execute at the market❌Other limit orders$0.01Settlement Fees (on all open positions at contract expiration)Fee Amount (per contract)Out-of-the-money settlements❌In-the-money settlements$0.01Daily Rain, Snow, Temperature, and Landfall Markets Fee Schedule:Trading Fees (on all completed trades)Precipitation and Temperature Contracts: Trading Days Prior to Final SettlementLandfall Contracts: Storm Status Relative to Chosen Strike Code's Landfall PointsFee Amount (per contract)All Bids **7Storm name has not yet been assigned by NHC$0.026Storm named, but outside of locations listed below$0.035Within 198 miles of 120-hour storm forecast location$0.044Within 151 miles of 96-hour storm forecast location$0.053Within 103 miles of 72-hour storm forecast location$0.062Within 74 miles of 48-hour storm forecast location$0.081Within 56 miles of 36-hour storm forecast location$0.10