CXM

CXM is an online forex and CFD broker registered in the United Kingdom, founded on September 22, 2020. The company operates under the brand CXM and maintains a corporate address at The Financial Services Centre, Stoney Ground, Kingstown, St. Vincent & the Grenadines. While the broker is UK-registered, its physical presence in St. Vincent and the Grenadines places it within an offshore jurisdiction often associated with regulatory flexibility.

CXM positions itself as a multi-asset brokerage offering a range of trading instruments including forex, metals, CFDs, cryptocurrencies, and stocks. The broker targets both retail and institutional clients through various account structures and trading conditions. According to aggregated industry data, CXM has a relatively low scam risk score of 9 out of 100, indicating a generally favorable risk profile.

CXM holds multiple regulatory licenses across different jurisdictions. In the United Kingdom, it is regulated by the Financial Conduct Authority (FCA) as an institutional market maker (MM). In Mauritius, it is licensed by the Financial Services Commission (FSC) under a Securities Trading License (EP). Additionally, the broker holds a Derivatives Trading License (EP) from the Financial Services Authority (FSA) of Seychelles, which is classified as offshore regulation.

It is important to note that the broker's website also claims regulation by the Capital Market Authority (CMA) in the United Arab Emirates, though this is not reflected in the known regulatory data. Traders should verify the current status of each license directly with the respective regulators, as regulatory information can change.

CXM offers five distinct account types tailored to different trading styles and capital levels. The ECN account requires a minimum deposit of $100 and offers unlimited maximum leverage, making it suitable for scalpers and algorithmic traders. The CENT account has a low minimum deposit of $10 and a maximum leverage of 1:2000, ideal for beginners or those wishing to trade in micro lots. The STANDARD account starts at $50 with unlimited leverage, while the FIX API account is designed for high-volume traders with a $50,000 minimum deposit and lower leverage caps (1:300 for FX, Gold, Silver). Finally, the ZERO account requires $1,000 and offers leverage up to 1:1000, likely with tighter spreads.

Each account type supports different trading strategies and risk profiles. The availability of swap-free (Islamic) accounts is mentioned on the broker's website, and all accounts appear to allow EAs, scalping, and hedging. The minimum lot size for forex is 0.01 standard lots, and margin call/stop out levels are set at 120%/30%.

CXM provides access to a broad range of financial instruments across multiple asset classes. Forex traders can choose from over 60 major, minor, and exotic currency pairs. The broker also offers trading in precious metals (such as gold and silver), contracts for difference (CFDs) on indices and commodities, cryptocurrencies like Bitcoin and Ethereum, and individual stock CFDs.

This multi-asset offering allows traders to diversify their portfolios within a single account. The broker does not impose overnight swap fees on some accounts, which can be advantageous for long-term position traders. However, the exact number of instruments available for each category is not specified in the available sources.

While specific platform names are not mentioned in the provided information, CXM's website references cutting-edge technology platforms and STP/ECN execution. The broker emphasizes fast execution speed, instant deposits and withdrawals, and zero deposit fees. Leverage is a key feature, with maximums reaching up to 1:2000 on certain accounts and even unlimited on others.

The broker also promotes a dynamic leverage policy that adjusts automatically based on account equity, which is designed to manage risk. Additionally, CXM offers swap-free accounts and supports expert advisors (EAs), scalping, and hedging strategies. The minimum order distance is set at 0 pips for some account types, indicating no requotes.

CXM caters to a wide range of traders, from beginners to professional institutional clients. The CENT account with its low minimum deposit and high leverage is particularly attractive to novice traders. Meanwhile, the FIX API account is tailored for high-volume traders and institutions needing direct market access and lower latency.

The broker also markets itself as a B2B STP/ECN broker, suggesting it provides liquidity solutions to other businesses. Its social media presence on Facebook, Instagram, LinkedIn, and YouTube indicates an effort to engage with retail traders through educational content and community building.