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CCX Markets Review - is it scam o safe?

CCX Markets Review - is ccxmarkets.com scam or good forex broker?

RATING: 1 / 0 REVIEWS CCX Markets
CCX Markets is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Trading account  Min. deposit Max. leverage Spread
Mini $250 N/A Fixed
Standard $5 000 N/A Fixed/Variable
Bronze $25 00 N/A Variable
Silver $50 000 N/A N/A
Gold $100 000 N/A N/A
Platinum $250 000 N/A N/A
Black $500 000 N/A N/A
VIP by invitation N/A N/A

 

It seems that offshore broker CCX Markets offers a wide range of trading accounts to its clients. Unfortunately, it is not clear what are the advantages of those who have invested $250 000 and the others with deposits of $250. The broker has failed to provide information on essential parts of its offer, such as the trading costs and the leverage levels provided.

 

If you are wondering whether to invest with CCX Markets, read our detailed and unbiased review first.

 

 

CCX Markets Advantages

 

Claims to offer trading in more than 250 assets

The only possible advantage of CCX Markets we could think of is that this broker claims to have rich and diversified product portfolio, consisting of more than 250 tradeable assets. Its clients are allegedly offered an array of currency pairs, and CFDs on commodities, precious metals, indices, stocks, and cryptocurrencies.

 

Unfortunately, we could not verify this claim, as CCX Markets does not offer free testing services.

 

 

CCX Markets Disadvantages

 

An offshore broker

CCX Markets is one of the thousand offshore brokers, whose credibility is very limited. The company behind the brand, Online Media Solutions Ltd., is registered offshore, on Saint Vincent and the Grenadines (SVG). Companies in this offshore zone just have to follow a simple and inexpensive registration procedure with the FSA, which has explicitly stated that there is no licensing regime for financial services providers. This means that SVG-registered forex brokers are not overseen by any financial authority and that their clients are subjected to all kind of risks.

 

Furthermore, the majority of offshore brokers are engaged in fraudulent activities. That is why we advise our readers to avoid them as a general rule.

 

Trading conditions not disclosed

As we mentioned in the beginning of this review, the website of CCX Markets does not disclose any essential trading conditions, only the minimum investment amounts required for the various account types. Such lack of clarity on the costs of trading with this broker is yet another red flag.

 

Most brokers disclose the maximum leverage ratios they offer, as well as some reference spreads, at least on major forex pairs.


 

 >> Compare the spreads of the best forex brokers <<

 

 

No demo accounts, no clarity on trading platforms supported

Another alarming fact about CCX Markets is that it does not offer free demo accounts. A test-drive of the trading platform is a great advantage and shows that the brokerage is transparent with its trading conditions and pricing. That is why all decent brokers offer such accounts for trading with “paper money”.

 

It is also not clear what trading platform(s) does CCX Markets offer. It seems that it supports Leverate`s Activ8, but MetaTrader4 and cTrader are also mentioned on the brokers website. We even signed up for a live trading account with this broker, but only got access to some dashboard, not a trading platform.

 

 

Conclusion

 

Overall, offshore broker CCX Markets does not inspire a lot of trust. This financial services provider does not hold a legit license, and its offer is far too unclear, which incline us to suspect that its clients are subjected to substantia risk. The most trivial one is that they won’t be able to withdraw and get back their investment.

 

It is always best to choose among forex brokers that are duly regulated by reputable financial agencies, such as the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), or the Australian Securities and Investments Commission (ASIC). They are obliged to follow strict financial and ethical discipline and to keep a transparent account of all transactions involving clients’ funds.

 

 

>> FCA-regulated forex brokers <<

 

 

And finally, here are the highlights of our review on CCX Markets:

 

Pros Cons
Claims to offer trading in more than 250 assets An offshore broker
  Trading conditions not disclosed
   

 

Latest news about CCX Markets
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Traders` reviews for CCX Markets

Spread

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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