CXM

CXM is an online forex and CFD broker that was founded on 22 September 2020 and is registered in the United Kingdom. The broker operates under a multi-entity structure with regulatory licences from the Financial Conduct Authority (FCA) in the UK, the Financial Services Commission (FSC) in Mauritius, and the Financial Services Authority (FSA) in Seychelles. Its registered address is in St. Vincent & the Grenadines, which is a common offshore jurisdiction for forex brokers. Despite its UK registration, CXM targets international clients and offers trading in a range of financial instruments.

According to its website, CXM positions itself as a reliable broker with flexible account options and advanced trading conditions. The broker emphasises its role as a B2B STP/ECN provider, which suggests a focus on institutional and retail clients alike. With a founding date in 2020, CXM is a relatively new entrant in the forex brokerage space, but it has quickly established a presence through multiple regulatory licences and a comprehensive product offering.

CXM holds regulatory licences from three jurisdictions: the FCA in the United Kingdom (regulator status: Regulated, licence type: Institution Market Making), the FSC in Mauritius (Securities Trading License, status Regulated), and the FSA in Seychelles (Derivatives Trading License, status Offshore Regulation). The FCA licence is considered a top-tier regulation, while the FSC and FSA are less stringent offshore licences. This mix allows CXM to serve clients from various regions while maintaining a high standard of oversight in the UK. The broker also claims regulation by the CMA in the UAE, though this is not listed in the known facts; however, the official website explicitly mentions a CMA licence.

The presence of multiple regulatory licences indicates that CXM has undergone some level of compliance checks, but traders should note the varying levels of protection afforded by each regulator. The FCA licenced entity likely provides stronger investor protection, while the Seychelles entity operates under an offshore regime. The broker's risk score is low at 10/100, according to FXCanary's scam risk assessment, suggesting no immediate red flags.

CXM offers five account types to cater to different trader profiles: ECN, CENT, STANDARD, FIX API, and ZERO. The ECN account requires a minimum deposit of $100 and offers unlimited leverage, making it suitable for experienced traders. The CENT account has a low minimum deposit of $10 and high leverage up to 1:2000, ideal for beginners or those with small capital.

The STANDARD account requires $50 and also offers unlimited leverage. The FIX API account is designed for high-volume traders and institutions, with a $50,000 minimum deposit and lower leverage of 1:300. The ZERO account starts at $1,000 with leverage up to 1:1000.

Additional features include swap-free (Islamic) accounts, support for expert advisors (EAs), scalping, and hedging. The broker claims instant account opening, instant deposits and withdrawals, and zero deposit fees. Margin call and stop-out levels are set at 120% and 30% respectively, which are standard in the industry. The minimum lot size is 0.01 for forex pairs.

CXM provides access to a broad range of trading instruments, including forex, metals, CFDs, cryptocurrencies, and stocks. Specifically, the broker offers over 60 major, minor, and exotic currency pairs. This diversity allows traders to build a varied portfolio within a single account. The website also highlights precious metals such as gold and silver, which are popular among forex traders. Cryptocurrency and stock CFDs are available, though specific details on the number of instruments are not provided on the site.

The broker's product range is typical for a multi-asset forex broker, catering to traders who wish to speculate on various asset classes. The inclusion of cryptocurrencies reflects the growing demand for digital asset trading. However, the exact list of available instruments may vary depending on the entity and regulatory restrictions.

CXM appears to target both retail and institutional clients. The availability of a FIX API account with a high minimum deposit suggests a focus on professional traders and institutions seeking direct market access. Meanwhile, the CENT and STANDARD accounts are accessible to retail traders with smaller capital. The broker's marketing material emphasises B2B STP/ECN services, indicating a strong wholesale offering.

The broker also offers partnership programmes and copy trading is reportedly not available. The website mentions 'Managed Accounts/Copy Trading: No' in the account types section. This suggests that CXM is more suited to active traders who manage their own positions rather than passive investors. The broker's low minimum deposits and high leverage options make it attractive to traders looking for aggressive strategies.

CXM maintains an active social media presence on Facebook, Instagram, LinkedIn, and YouTube. This indicates a commitment to engaging with the trading community and providing educational and promotional content. The broker's website includes a blog or news section, though specific details are not provided in the known facts. Social media channels are often used by brokers to share market analysis, trading tips, and updates.

Given that the broker has been operating since 2020, its social media activity suggests a growing brand presence. However, trading volume and client base size are not publicly disclosed. Potential clients should research further by reading reviews or testing the broker with a demo account before committing funds.