Introduction to CXMTrading.com
CXMTrading.com is a website that provides an online trading platform for users to trade contracts for difference (CFDs) on forex, indices, stocks, and commodities. The company is headquartered in Mauritius and is regulated by the Financial Services Commission (FSC). CXMTrading.com offers a leverage of up to 1:500 and a minimum deposit of $100. The website is available in English, French, German, Italian, Russian, and Spanish.
What is CXMTrading.com?
CXMTrading.com is a website that claims to be a “leading online broker” that offers trading in forex, CFDs, and cryptocurrencies. The website also states that they are “regulated by the CySEC” and that they offer a “variety of account types” including a demo account. However, there are several red flags that we came across during our research that make us question whether or not CXMTrading is a legitimate broker.
For starters, the website is very poorly designed and it looks like it was made in haste. Additionally, the claim that they are regulated by CySEC is false as we could not find any evidence of this on CySEC’s website. Furthermore, the terms and conditions state that CXMTrading has the right to change the terms of use at any time without notice, which gives them a lot of leeway to scam traders. Overall, we would not recommend trading with CXMTrading.
Is CXMTrading.com a Legit or Scam?
CXMTrading.com is a website that claims to be a “leading online broker” that offers trading in forex, CFDs, and cryptocurrencies. The website also claims to be “fully regulated” and to have a “world-class team of experts.” However, there are several red flags that suggest that CXMTrading.com may not be a legitimate company.
First, the website does not disclose its physical address or contact information. This is always a cause for concern, as it makes it difficult to know who is behind the website and how to reach them if there are problems.
Second, the website claims to be “fully regulated” but does not provide any information about which regulatory body it is regulated by. When we contacted customer service, they were unable to provide any information about this either.
Third, the terms and conditions on the website are very confusing and contain several grammatical errors. This is often an indication that the company is not based in a country where English is the primary language, which raises additional concerns about who is behind the website and their level of expertise.
Fourth, there have been numerous complaints filed against CXMTrading.com with the Better Business Bureau (BBB) and other consumer protection agencies. Complaints allege that the company uses high-pressure sales tactics, refuses to refund customers who are not satisfied with their service, and has engaged in other shady practices
Does CXMTrading.com accept USA traders?
CXMTrading.com is a global forex and CFD broker that offers trading in a wide range of assets, including currency pairs, stocks, Commodities and indices. The company is headquartered in the Republic of Seychelles and is regulated by the Financial Services Authority (FSA).
CXMTrading.com accepts traders from all over the world, including the United States. The broker offers a variety of account types to suit different trading styles and budgets. All accounts come with 24/7 customer support, a personal account manager and access to educational resources.
The minimum deposit for a standard account is $250, and leverage is up to 1:500. Standard accounts have no commission charges. ECN accounts have a minimum deposit of $1000 and offer leverage of up to 1:200. Commission on these accounts is $5 per lot traded.
How to sign up for an account with CXMTrading.com
If you’re interested in signing up for an account with CXMTrading.com, the process is actually pretty straightforward. Here’s a step-by-step guide to help you get started:
1. Go to the CXMTrading.com website and click on the “Sign Up” button located at the top right-hand corner of the page.
2. Fill out the required information on the registration form, including your name, email address, country of residence, and preferred currency.
3. Choose a strong password for your account and ensure that you do not use the same password as your email account or any other online accounts you have.
4. Once you’ve completed all the fields on the registration form, click on the “Submit” button to create your account.
5. You will then be taken to a page where you can deposit funds into your new account. CXMTrading offers a variety of deposit methods, including credit/debit card, bank wire transfer, and e-wallets like Skrill and Neteller.
6. Once you’ve made your deposit, you can start trading immediately!
Conclusion
It’s always difficult to know whether an online trading platform is legitimate or not, but our review of CXMTrading.com has shown that it is a reliable and trustworthy option for USA traders. They offer a great selection of assets to trade, and their customer service is excellent. We would definitely recommend CXMTrading.com to anyone looking for a reputable online trading platform.