Is CXM safe and legit？ Full review
CXM is a United Kingdom-based broker established in 2015 and regulated by four authorities: Cambodia's SERC, the United Kingdom's FCA, Mauritius's FSC, and Seychelles' FSA. It holds an overall AA rating for its trading environment, with strong performance in swap/overnight (AAA) and good marks for speed and cost (A), though slippage scores C. It offers six account types with a minimum deposit starting from $10 and maximum leverage up to 1:2000 or Unlimited depending on the account, and all accounts support hedging, scalping, and EA trading. The trading software covers MT4 and MT5 with full license authorization and a Perfect experience rating. Customer service supports 8 languages via email and social platforms, though response times may be lengthy. Its influence rating is B, and it is mainly distributed in Australia, Brazil, Colombia, Germany, Spain, France, the United Kingdom, Indonesia, Ireland, and India.
Regulatory Compliance and Security
CXM is subject to supervision from four regulatory bodies. The Securities and Exchange Regulator of Cambodia, the Financial Conduct Authority, and The Financial Services Commission provide regulated status, while The Seychelles Financial Services Authority operates as offshore regulation. The safety level is Level 1.
Account Type
CXM offers 6 types of accounts:
Trading Environment
CXM has a trading environment rating of AA, with the specific breakdown indicators as follows:
Speed Details:
- Fastest speed: 1.0 ms (opening 1.0 / closing 1.0)
- Slowest speed: 1995.0 ms (opening 1984.0 / closing 1995.0)
Cost Details:
- Gold (XAU): Average Cost 21.05 USD/Lot (Rating: Perfect)
- Crude Oil (WH): Average Cost 3.46 USD/Lot (Rating: Perfect)
Swap Details:
- Crude Oil Long: -6.46 USD/Lot / Short: 3.74 USD/Lot (Rating: Great)
- Gold Long: -57.69 USD/Lot / Short: 39.95 USD/Lot (Rating: Poor)
Test Data: 706 users participated in the test, with a total of 127,446 transactions and occupied margin of $307,017 USD. It ranks 25th among 109 brokers in the comprehensive ranking.
Trading software
CXM supports the MT4 and MT5 platforms, both with Full License authorization. The software experience is rated as Perfect.
MT4/5 Server Distribution:
- Servers include CXM-Live, CXM-Demo, CXM-Primary, CXMTrading-Live, CXMTrading-Primary, CXMTrading-Demo, CXMTrading-Real, CXMTrading-Real2, CXMTrading-Real3, CXMTrading-TDemo, CXMDirect-Live, CXMDirect-Live2 through Live6, and CXMDirect-Demo.
- Server regions span China, China Hong Kong, Germany, India, Indonesia, Japan, Malaysia, Seychelles, Singapore, the United Arab Emirates, the United Kingdom, and the United States.
No proprietary mobile or desktop application is supported across iOS, Android, Windows, macOS, Web, or other platforms.
Customer Service
Customer support is available in 8 languages and can be reached via Email and IM App, as well as through social media channels including Facebook, Instagram, YouTube, and LinkedIn. Response times may be lengthy.
⚠️ Note: Most users can receive a response, but the waiting time is relatively long.
Influence
CXM holds an influence rating of B. Its influence is mainly distributed in Australia, Brazil, Colombia, Germany, Spain, France, the United Kingdom, Indonesia, Ireland, and India, with an average influence index of 6.94.
5-10 years
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