TradeCMX Broker Review by DayFunded

Our team at DayFunded is back with another comprehensive broker review, this time focusing on the trading broker, TradeCMX. Founded in 2012, TradeCMX Ltd., has been serving traders online since 2016 and provides several enticing features and account details.

Broker Overview

TradeCMX is a brand under TradeCMX Ltd. with its SV branch. The company requires a minimum deposit of $1000, which is a fairly average requirement in the industry, providing a reasonable entry point for new traders as well as seasoned pros.

However, an important point to note is that they do not currently facilitate trading for US investors.

The minimum position size of 0.1 allows traders to manage their risk carefully and positions the trading platform as user-friendly and accessible to traders of all levels of experience.

Broker Features

TradeCMX offers several features that make it attractive for a variety of traders. They allow trading by phone, which can be an advantage for those who need to execute trades on the go or when they do not have access to their trading station.

They provide free education which is helpful for beginner traders learning the ropes, and even beneficial to experienced traders looking to brush up on their knowledge. The access to a Personal Account Manager can also be a boon to traders who need guidance and support in managing their trading portfolio.

TradeCMX also offers MAM (Multi Account Manager) for traders handling multiple accounts and PAMM ( Percent Allocation Management Module, allowing traders to allocate a proportion of their capital to copy trades of a master account). These features can help in making trading easier and more successful.

An interesting aspect of the broker is their offering of bonuses, a feature that few brokers offer and is surely attractive to many traders.

Segregated accounts offered by TradeCMX ensure that client funds are kept separate from the company's own funds. This provides a level of protection for the client's money.

Regulation and Safety

One downside noted is that TradeCMX currently does not have any serious regulation. This is an area of concern as it raises questions about the safety of a client's funds and the integrity of the brokerage's trading practices.

Spread

TradeCMX boasts lower spreads - that is, the difference between the asking price and the bid price. Lower spreads can help traders to make the most of their trades, especially in a high volume trading environment.

Leverage

Unfortunately, we were not able to procure the maximum leverage offered by TradeCMX at the time of writing this review, this detail seems to be undisclosed.

Conclusion

Despite some lacking aspects, notably the absence of strict regulation, TradeCMX offers a host of features that provide a robust trading environment with the potential for profit maximization. Its features like MAM, PAMM, free education and others make it a trading platform worth considering for all kinds of traders.

However, as with any investment, it's crucial to do your own due diligence and consider the risk factors involved. Given the absence of serious regulation, traders should exercise caution when dealing with this broker.

Overall, the experience using TradeCMX offers a mix of positives and drawbacks, and it's safe to say that there's certainly room for TradeCMX to improve and potentially become a top-ranking broker.

Stay tuned for more reviews from DayFunded, your trusted source for trading broker insights!