CXM Direct at a glance
CXM Direct, branded on its current official website as CXM, is an online forex and CFD broker group established in 2015. CXM offers trading in FX, metals, CFDs, cryptocurrencies and stocks through Cent, Standard, ECN, ZERO, CXM Trader – TradingView and FIX API account options. The group states that it operates under entities regulated in Mauritius, Seychelles, the United Kingdom and the United Arab Emirates. Trading conditions and investor protections may differ according to the legal entity that onboards the client.
CXM Direct reports a founding year of 2015 and a head office in Saint Vincent and the Grenadines. It lists 5 regulators and 6 trading platforms.
BrokerBazaar verdict
CXM Direct offers a broad and technically competitive trading environment, with low entry requirements, multiple account types, MetaTrader platforms, TradingView integration, copy trading and FIX API access. The wider CXM Group also maintains regulated entities in several jurisdictions, including the FCA, Mauritius FSC and Seychelles FSA frameworks. However, traders should not treat all CXM group licences as automatically applying to CXM Direct LLC. CXM Direct LLC itself is incorporated in Saint Vincent and the Grenadines, while regulatory protections depend on the entity that contracts with the client. The FCA entity also serves professional clients and eligible counterparties only. CXM's trading offering is attractive for experienced traders, particularly those seeking high leverage, scalping, algorithmic trading and ECN-style execution. Nevertheless, very high leverage materially increases risk, and recent external complaints concerning withdrawals, account restrictions and profit adjustments warrant careful consideration. Overall, CXM Direct has a strong product offering and a broader regulated group structure, but clients should verify their exact contracting entity and applicable protections before depositing funds.
Legal entities, regulation and licences
CXM Direct operates through 3 legal entities, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
CXM Direct states that it accepts clients from International — jurisdictional restrictions apply. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Known restrictions flagged in our review: - UAE entity is restricted to introduction and promotion and does not hold client funds or execute trades.
Trading products, platforms and account types
Instruments: Forex, Metals, Indices, Energies, Cryptocurrencies, Stocks, Baskets. Platforms: MetaTrader 4, MetaTrader 5, CXM Trader, TradingView, Web Terminal, FIX API. Account types: Cent, Standard, ECN, ZERO, CXM Trader, FIX API.
Best-for tags assigned by our team: Forex Trading, CFD Trading, High-Leverage Trading, ECN Trading, Scalping, Algorithmic Trading, Copy Trading, PAMM/MAM, MetaTrader Trading, TradingView Trading, FIX API Trading.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $10. Spreads start from 0.0 pips and commission is Not clearly disclosed on the c…. Maximum leverage is 1:2000, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: variable. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: NOT VERIFIED — payment methods and availability vary by jurisdiction and client entity. Withdrawal methods: NOT VERIFIED — payment methods and availability vary by jurisdiction and client entity.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: compliance@cxm.com. Phone: support@cxm.com. Clients should first submit complaints through CXM's Compliance or official customer-support channels. The applicable complaint process and escalation rights depend on the legal entity that contracts with the client. Clients should verify their Client Agreement and applicable legal documents for the entity assigned to their account before escalating a dispute.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: - Part of a multi-jurisdiction CXM Group
- Strength: - Separate FCA-authorised group entity in the UK
- Strength: - Mauritius FSC-regulated group entity
- Strength: - Seychelles FSA Securities Dealer licence
- Strength: - Multiple account types
- Strength: - Minimum deposit from $10
- Strength: - Spreads from 0.0 pips
- Strength: - Leverage up to 1:2000 and higher configurations advertised
- Strength: - MT4 and MT5 available
- Strength: - TradingView / CXM Trader available
- Strength: - FIX API available
- Strength: - Copy trading available
- Strength: - PAMM/MAM services available
- Strength: - Scalping allowed
- Strength: - Hedging allowed
- Strength: - Expert Advisors supported
- Strength: - Swap-free trading advertised
- Strength: - Negative balance protection advertised
- Strength: - More than 900 CFD instruments
- Strength: - Forex, crypto, stocks, indices, metals, energies and baskets
- Strength: - 24/5 customer support
- Limitation: - CXM Direct LLC itself is incorporated in SVG, which should not be confused with FCA regulation
- Limitation: - Client protections depend on the specific legal entity assigned to the client
- Limitation: - Multi-entity structure can make regulatory protection difficult for retail clients to assess
- Limitation: - Very high or unlimited leverage significantly increases trading risk
- Limitation: - FCA entity serves professional clients and eligible counterparties only
- Limitation: - UAE entity is restricted to introduction and promotion and does not hold client funds or execute trades
- Limitation: - UAE licence-number disclosure should be independently rechecked against the regulator register due to an inconsistency across official CXM pages
- Limitation: - Current external reviews include serious complaints regarding withdrawals, profit adjustments and account restrictions
- Limitation: - Forex Peace Army currently has a very low rating
- Limitation: - Commission is not published as one universal figure across all accounts and instruments
- Limitation: - Payment and withdrawal methods require entity/jurisdiction-specific verification
- Limitation: - No independently published numerical slippage ratio
- Limitation: - No independently published numerical requote ratio
Who this broker suits, and who it does not
CXM Direct is most relevant to traders looking for: Forex Trading, CFD Trading, High-Leverage Trading, ECN Trading, Scalping, Algorithmic Trading, Copy Trading, PAMM/MAM, MetaTrader Trading, TradingView Trading, FIX API Trading.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
CXM Direct change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for CXM Direct yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about CXM Direct
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: Trustpilot 4.6/5; TradingView 4.2/5; WikiFX 8.26/10; Apple App Store N/A/5; Google Play Store N/A/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with CXM Direct. How we make money. Trading leveraged products carries a high risk of loss.