CXM Direct group includes 3 related companies.
CXM Direct UK - located in the United Kingdom, regulated by the Financial Conduct Authority (FCA).
CXM Direct SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
CXM Direct MU - located in Mauritius, regulated by the Financial Services Commission (FSC).
Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, SVG and MU companies accept European traders, so one can open a trading account there.
CXM Direct group accepts clients from all over the world, excluding USA, UK, Algeria, Belarus, Canada, China, Iran, Syria, North Korea, Myanmar, Russia, Sudan, Syria, Ukraine.
Forex broker offers the following underlying assets for trading.
|60+ Currency Pairs||Based on major and minor world currencies.|
|40+ Crypto Pairs||Based on Bitcoin, Dash, Dogecoin, Polkadot, EOS, Ethereum, Ethereum Classic, Metaverse ETP, Iota, Litecoin, Neo, OmiseGO, Qtum, Santiment Network, Solana, Tether, Monero, Ripple, Zcash.|
|15 Indice CFDs||Based on baskets of different blue-chip stocks, US Dollar Index and Volatility Index.|
|10 Metal CFDs||Based on Aluminum, Gold, Silver, Platinum, Palladium, Nickel, Lead, Copper and Zinc.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
|120+ Stock CFDs||Based on shares of US, UK and EU companies.|
|11 Investment packages||Thematic (belonging to one line of business) baskets of stocks.|
Set up in 2005 and registered with offices in the UK, Mauritius and Saint Vincent and the Grenadines, CXM Direct is a forex broker that offers high leverage, a range of instruments, and trading on the classic MetaTrader 4 (MT4) platform.
Worth noting about CXM is that this forex broker, despite having a regulated entity in the UK, does not require all European traders to trade under that entity. As a result, even traders from the EU and EEA are able to take full advantage of the high leverage CXM Direct offers, without worrying about overly strict European regulations.
The instruments offered by CXM Direct includes more than 60 forex pairs, around 40 crypto pairs, a large selection of US and European-listed stocks, most major stock indices, and popular commodities.
In addition to these instruments, the broker also has what it calls “investment packages” or “thematic investments” available where traders conveniently can buy baskets of stocks similar to small funds. Among these are packages that focus on companies in the banking sector, tech, aviation, consumer goods, and so on.
All of the instruments offered by CXM Direct are traded on MT4, which is the only full-featured trading platform this broker offers. As always, the standard version of MT4 is available for download for Windows computers, and separate versions exist for web, Mac computers, and mobile devices.
However, the broker also has a separate social trading platform for finding and copying other traders, or to share trades with others in the case of profitable and more experienced traders. CXM Direct’s social trading platform is web-based and thus works on all computers.
The trading accounts that are available from CXM Direct includes a Cent account for a minimum deposit of just USD 10, a Standard account for a deposit of USD 50, a Standard Bonus account also available for USD 50, and an ECN account available for a minimum deposit of USD 100.
An interesting detail about these trading accounts is that the Cent account is the only one that has a restriction on trading leverage, although it is very high at 1:1,000. All of the other accounts promise “unlimited” leverage on trades.
The spreads on trading instruments offered by CXM Direct are generally low, with a spread on for instance the popular EUR/USD pair of 0.00015 pips, and on less traded pairs like AUD/JPY of 0.04800 pips.
Trading accounts with CXM Direct can be funded with either local bank transfers in Malaysia, Indonesia, Vietnam and Thailand, the e-wallet Perfect Money, or with the cryptocurrencies Tether (USDT), Bitcoin (BTC), Bitcoin Cash (BCH) or Ethereum (ETH). Deposits can be made from within the Client Portal, and all funding methods are processed free of charge by the broker. Still, it’s important to note that the different funding options all come with different minimum deposit requirements. For instance, USD 100 is needed to make a Tether deposit, while only USD 15 is needed for a local bank transfer.
To reach CXM Direct’s customer support team, clients can try live chat via the broker’s website, or contact the broker via email. Unfortunately, there is no phone number listed anywhere on the broker’s website, and the support team’s working hours also remain unknown.
In conclusion, we see CXM Direct as a classic offshore broker that offers ultra-high trading leverage and that therefore caters to traders looking to take aggressive bets in the market to grow their accounts quickly. With its own social trading platform, it also caters to those who want to try copy trading, or believe they have potential as money managers who let other traders copy their trades. In sum, we believe the broker appears promising and is worth keeping an eye on.