OverviewCMX is headquartered in Saint Vincent and the Grenadines and provides trading services outside of the regulatory framework. On its Standard, Gold, and Diamond accounts, with minimum deposits ranging from $1,000 to $50,000, traders can get up to 1:500 for Standard and Gold leveraged accounts, and up to 1:200 for Diamond leveraged accounts. The platform offers competitive spreads, with a minimum of 2 pips for standard accounts, 1.5 pips for gold accounts, and possibly 0 pips for diamond accounts. CMX uses the popular MetaTrader 4 (MT4) platform, which makes it easy to trade currency pairs. However, there is uncertainty about its reputation due to the lack of regulation and the suspicion caused by the sale of domain names, emphasizing the need for careful consideration before making a deal with the platform.
Account Type
CMX offers three different account types: Standard, Gold, and Diamond, each with a different investor allocation.
TheStandard, Gold, and Diamond accounts require a minimum deposit of $1,000, $20,000, and $50,000, respectively.
Each account type caters to different investor needs and preferences, offering different levels of leverage, minimum deposits, and spreads. In addition, all accounts support a variety of deposit and withdrawal methods and are compatible with expert advisors.
Leverage CMX offers different levels of trading leverage depending on the account type:
Standard account: maximum leverage up to 1:500.
Gold account: maximum leverage up to 1:500.
Diamond Account: Maximum leverage up to 1:200.
Leverage allows traders to control larger positions with less capital, potentially magnifying both profits and losses. Traders need to manage leverage understandably and responsibly in order to effectively reduce risk.
Spreads and commissions
CMX offers different spreads and does not explicitly mention commissions for trading accounts:
Standard accounts: spreads from 2 pips, commissions are not specified.
Gold Account: Spreads are lower, starting from 1.5 pips, and as with the standard account, no commission is specified.
Diamond Account: Spreads may be the lowest, starting from 0 pips, again without mentioning commissions.
While the spreads for each account are clearly stated, the absence of commission information means that CMX may trade on these accounts using a spread-only pricing model. However, traders need to verify this information directly with CMX and read its terms and conditions carefully before trading.
Deposits &
WithdrawalsCMX provides its customers with convenient deposit and withdrawal options to ensure smooth transactions:
Deposit Method:
MasterCard (MASTER): Minimum deposit requirement of $50 and no commission fees. Deposits are processed instantly in US dollars.
Neteller: Customers can make a minimum deposit of $50 without paying any commissions. Transactions are processed instantly in US dollars.
Skrill: Similar to Neteller, Skrill deposits require a minimum of $50, no commissions, and are processed instantly in USD.
VISA: $50 minimum deposit, no commission fees, instant processing in USD.
Withdrawal Methods:
Withdrawal methods may be the same as the deposit options offered, providing flexibility and convenience to customers.
Specific details about the minimum amount of withdrawals, processing fees (if any), exchange rates, processing times, and currency units are not provided in the information shared.
Clients can enjoy instant processing times and the convenience of commission-free trading when using these deposit methods, providing efficient access to funds for trading activities. However, traders are advised to review the terms and conditions of withdrawals directly with CMX to ensure that there is a clear understanding of any relevant restrictions or restrictions.
Trading Platforms
CMX offers the popular MetaTrader 4 (MT4) trading platform, known for its powerful features and user-friendly interface. MT4 provides traders with advanced charting tools, customizable indicators and automated trading capabilities through Expert Advisors (EAs). With access to a wide range of financial instruments, including forex, commodities, and indices, traders can execute trades precisely and efficiently. In addition, MT4's mobile compatibility enables traders to stay connected and manage their portfolios anytime, anywhere. Combined with CMX's competitive spreads and flexible leverage options, the MT4 platform enables traders of all levels to navigate the financial markets with confidence and flexibility.
Customer
SupportCMX provides comprehensive customer support through various channels to ensure that customer issues and concerns are addressed in a timely and efficient manner. Customers can contact CMX's English-speaking support team directly by phone at +44 207 193 6757 for direct assistance and guidance. In addition, the company provides an alternative method of contact via email info@tradecmx.com to facilitate customer communication inquiries or questions. Through a variety of contact methods, CMX demonstrates its commitment to providing responsive and accessible customer service, elevating the overall trading experience for its clients.
