In reality the spreads that are variable that this broker offers are higher than average, per the information available on their website. The typical spreads are 1.8 percent on USD/EUR. For comparison, another off-shore broker FxChoice, provides the average spread of 1.2 pip on commission-free accounts. For more information and a comparison, you can examine the actual spreads for the top 15 brokers here..
Regarding the leverage factor, TradeCMX can provide leverage up to 1:500. This is thought of as a high-ratio. In fact, many brokers have leverage levels that is 1:500 or higher however do not be compelled to go beyond this level since you could lose more than what you initially put in.
Remember that TradeCMX brand is not providing services to people living in those in the USA, Japan, British Columbia, Quebec and Saskatchewan as well as other regions.
The Company. Security of Funds
TradeCMX offers a variety of financial instruments that trading, including a range of CFDs, forex pairs on shares, indices metals, bonds, as well as cryptocurrencies.
The company behind this brand name is TradeCMX (SV) Ltd. The company is registered as International Business Company (IBC) in St. Vincent and the Grenadines. SVG is a well-known offshore forex market where IBCs aren’t required to satisfy capital adequacy requirements and to store client funds in separate accounts, or to establish a compensation program should they experience an insolvency. Thus, doing business with offshore brokers is extremely risky. The worst part is that many of them are frauds, and you should beware of them.
Trading Platform
TradeCMX is compatible with the most well-known front-end forex application available in the industry that is MetaTrader 4 (MT4), desktop and mobile versions are available.
The platform comes with 30 included technical analysis indicators. more than 2 000 customized indicators and 700 paid that allow you to study the market at any complex. In addition, you can create and utilize automated trading software (Expert Advisors).
We were unable to create a demo account to try TradeCMX’s MT4.
Methods of Payment
TradeCMX provides its customers with the following payment methods credit or debit card (Visa, MasterCard), wire transfer to bank, as well as electronic wallets Skrill, Neteller FasaPay, and Skrill, as well as Bitcoin..
Conclusion
TradeCMX offers an international forex and CFD broker that works with its MT4 platform. While its product range is vast and offers different payment options but this broker isn’t recommended because of the fact that it is registered offshore. In addition, it has spreads that are significantly higher than the norm, and it is not able to establish a demo account that raises suspicions concerning the credibility of the broker. In conclusion, the following:
| TradeCMX Summary | |
|---|---|
| TradeCMX Details | Information |
| Regulators | |
| Country |  Saint Vincent and the Grenadines |
| Base Currencies | USD, EUR |
| Type Of Brokers | ECN, STP |
| Trading Platform | Desktop, Mobile, MT4 |
| Established Year | 2017 |
| Website Language | English |
| US Clients | |
| TradeCMX Spreads | |
|---|---|
| Option | Information |
| Minimum Spreads | 0.0 |
| Commission | |
| Fixed Spreads | |
| TradeCMX Payment & Withdrawal Option | |
|---|---|
| Option | Information |
| Acc Funding Methods |  Skrill,  Wire transfer,  Visa Card,  Master Card |
| Acc Withdrawal Methods | Skrill, Wire transfer, Visa Card, Master Card |
| TradeCMX Suitable For | |
|---|---|
| Option | Information |
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading | |
| TradeCMX Trading Account Options | |
|---|---|
| Option | Information |
| Maximum Leverage | 1:500 |
| Mini Account | |
| VIP Accounts | |
| Segregated Accounts | |
| Free Demo Accounts | |
| Managed Accounts | |
| Pro Account | |
| Minimum Deposit | $50 |
| Islamic Account | |
| TradeCMX Trading Services | |
|---|---|
| Option | Information |
| Hedging | |
| News Trading | |
| Scalping | |
| Automated Trading | |
| Indices | |
| Commodities | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings | |
| TradeCMX Contact & Support | |
|---|---|
| Option | Information |
| Telephone No | +44 (0) 20 7193 6757 |
| info@tradecmx.com | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | Kingstown VC0100, St. Vincent and the Grenadines |
