Search

CXM Trading Forex Broker provides real users with 4 positive reviews, 4 neutral reviews and 17 exposure review!

CXM Trading Broker Review

6.61

WikiFX monitor

Software Index

Full License

Risk Control

Risk Manage

CXM Trading Review 25

Latest All(25) Positive(4) Neutral(4) Exposure(17)
Exposure
CXM's Confiscation of Funds and and Account Lock

I am writing to file a formal and urgent complaint against CXM Trading for their fraudulent and unethical actions regarding my trading account. As a client registered under MT4 account number 50000696, I am outraged by their blatant violations, including the arbitrary locking of my account and the confiscation of my rightful profits. Here are the critical details: MT4 Account Number: 50000696 Current Balance: $54,577.13 USD Deposit: $50,000 USD Profit: $14,577.13 USD Email: iloveumymy@163.com Following successful and profitable trading activities on my account, CXM Trading arbitrarily locked access to both my platform and MT4 accounts, as demonstrated by the attached screenshots. This unwarranted action was accompanied by the unjust confiscation of my profits, amounting to $14,577.13, under completely false pretexts. To make matters worse, CXM Trading demanded that I sign a document agreeing to receive only my initial deposit back over a drawn-out three-month period. Such a demand

dala3421
2024-09-19
Neutral

Everything is good. Some of the feature is missing either it is not available in application or I am unable see or use.

FX1734484768
2024-08-27
Exposure
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.

FX4009128607
2024-07-18
Exposure

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.

FX2589117216
2024-07-05
Exposure
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.

FX3816889409
2024-07-04
Exposure
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.

FX7262869012
2024-06-27
Positive
CXM's MetaTrader 4: The Ultimate Platform for Active Traders Amid Market Volatility

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.

79699
2024-06-18
Exposure
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

Rahmatov Abdugʻaffor
2024-06-02

  

CXM Trading 2025 Review: Everything You Need to Know

  CXM Trading, an online broker established in 2019, has garnered mixed reviews from users and experts alike. While it offers a range of trading instruments and competitive leverage, concerns about its regulatory status and customer service persist. This review aims to provide a comprehensive overview of CXM Trading, highlighting both its strengths and weaknesses.

  Note: It is important to recognize that CXM Trading operates under different entities across regions, which may lead to variations in services and regulatory oversight. Therefore, potential users should conduct thorough research based on their specific location.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 5
Tools and Resources 6
Customer Service and Support 4
Trading Setup (Experience) 5
Trustworthiness 3
User Experience 4

  We evaluate brokers based on a combination of user feedback, expert analysis, and factual data from various sources.

  

Broker Overview

  CXM Trading was founded in 2019 and is based in Saint Vincent and the Grenadines, with additional claims of regulation under the Financial Conduct Authority (FCA) in the UK. However, many sources indicate that its actual regulatory status is questionable, as the broker is primarily registered offshore. CXM Trading offers the widely-used MetaTrader 4 (MT4) platform, allowing users to trade a variety of asset classes, including forex, commodities, indices, and cryptocurrencies. The broker's minimum deposit requirements vary significantly depending on the account type, with some sources reporting a minimum of $500.

  

Detailed Analysis

  

Regulatory Environment

  CXM Trading claims to operate under the jurisdiction of the FCA and the Financial Services Commission in Saint Vincent and the Grenadines. However, multiple sources indicate that the broker does not have valid regulation, which raises concerns about the safety of clients' funds. According to WikiFX, the lack of oversight means that clients may be exposed to significant risks, including the potential for fund mismanagement.

  

Deposit and Withdrawal Options

  CXM Trading allows deposits and withdrawals through various methods, including bank transfers, credit cards, and cryptocurrencies like Bitcoin and Ethereum. However, the minimum deposit is reported to be around $500, which is higher than many competitors. Some user reviews highlight issues with withdrawal requests, particularly concerning delays and high fees for additional transactions beyond the first free withdrawal each month.

  

Minimum Deposit

  The minimum deposit for opening an account with CXM Trading appears to vary by account type, with reports indicating that it can be as low as $500 for a cent account. This is relatively accessible compared to some other brokers, but the higher tiers require significantly more capital, such as $2,000 for a standard account and $5,000 for a premium account.

  

Bonuses and Promotions

  While CXM Trading promotes various trading bonuses, the details are often vague. Many users express skepticism about the legitimacy of these offers, with some suggesting that they may be used as tactics to entice new clients without delivering real value.

  

Tradeable Asset Classes

  CXM Trading provides access to a diverse range of trading instruments, including over 60 forex pairs, various commodities, indices, and a selection of cryptocurrencies. This variety can appeal to traders looking to diversify their portfolios. However, some reviews indicate that the spreads offered are not competitive, with reports of spreads around 2.1 pips for major currency pairs, which is above the industry average.

  

Costs (Spreads, Fees, Commissions)

  The costs associated with trading on CXM Trading can be a deterrent for many users. The spreads are reportedly higher than average, and while the broker offers high leverage of up to 1:500, this can also increase the risk of significant losses. Additionally, the lack of transparency regarding fees and commissions has raised concerns among potential traders.

  

Allowed Trading Platforms

  CXM Trading primarily offers the MT4 platform, which is well-regarded in the trading community for its user-friendly interface and extensive features. However, some users have reported difficulties in accessing the platform, which could hinder the trading experience.

  

Restricted Regions

  CXM Trading does not accept clients from certain countries, including the USA, Canada, and several others. This restriction is important for potential users to consider, as it may limit access to the broker's services based on their geographic location.

  

Available Customer Service Languages

  Customer support is available primarily in English, with some sources indicating that the broker offers additional support in Chinese. However, many users have expressed dissatisfaction with the responsiveness and effectiveness of the customer service team, leading to a lower rating in this area.

  

Conclusion

  In summary, CXM Trading presents a mixed bag for potential traders. While it offers a variety of trading instruments and the popular MT4 platform, concerns about its regulatory status, high minimum deposit requirements, and customer service persist. Many users have reported issues with withdrawals and lack of transparency regarding fees. Therefore, potential clients should exercise caution and consider their options carefully before engaging with this broker.

  For those seeking a regulated and reliable trading environment, it may be prudent to explore other alternatives that offer better protections and customer support.