CXMARKETS (formerly Cantor Exchange) – Forex broker review

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CXMarkets – review of the former Cantor Exchange

вњ… This Trading Platform is available in Singapore

Review of world famous brokerage companies: CXMARKETS (formerly Cantor Exchange)

Experience, special education, the ability to predict the situation on the global financial market, etc. will not help you to earn decent capital if you do not find a broker that matches your knowledge and skills. This should be a company of real professionals, each of whom is perfectly versed in his business. The financier must know how the price of oil influences the cost of the US dollar or the exit from the European Union in the UK, and the programmer must be able to create trading platforms capable of making a huge number of transactions without losing valuable information. According to the developers of CXMARKETS (formerly Cantor Exchange), it is precisely these qualities that their brokerage company has. In this review, we will try to find out how positive broker indicators correspond to reality and whether traders should work on this resource.

How CXMARKETS attracts users

Many professionals who are professionally engaged in finance, believe that the application and platforms created for CXMARKETS are not classic broker tools. On the other hand, given the rather harsh US law to companies that plan to obtain licenses to binary options brokers, it is much easier and cheaper to work like an exchange, providing access to financial markets.

CXMarkets Security

Cantor Exchange was created in 2020 as a binary options exchanger. Without a license, the financial market participant in question inspires much more confidence than dozens of brokers who have received all the necessary documentation. Experienced traders are well aware that in the US states, any (even a minor complaint) can end up with global problems for a firm that falls into a maelstrom of litigation. This is what the security of CXMARKETS clients is based on.

Many participants of trading operations consider this legal entity as an exchange / market where everyone wants to buy or sell binary options.

Another important indicator of security is the fact that the subject of financial relations in question strictly adheres to US law, which relates specifically to this sector of the economy. Therefore, the majority of Americans will register a login at CXMARKETS rather than open an account with some other brokerage company, headquartered in the Cyprus Islands.

It should be noted that not only binary options fall within the scope of interests of the presented trading platform, but also the assets of the Forex market, as well as adverse weather conditions and precious metals.

CXMarkets Regulators

В Not being a legal broker, bank or other financial institution that requires special licenses to carry out its activities, CXMARKETS is regulated by the Commodity Futures Trading Commission. This organization has long enjoyed prestige in different countries of the world, which has a positive effect on the image of the American firm.

В Training at CXMarkets

Unfortunately, you will not receive the knowledge necessary for online trading on the company’s web resource. To study the whole mechanism of trading binary options and other assets, you will have to use third-party sites, literature, or go through special preparatory courses. The developers did not even include a demo account on CXMARKETS, which is present on almost all trading platforms operating in different parts of our planet.

Main trading conditions at CXMARKETS

Not being a broker in the classical sense and working as a firm that complies with all American laws, CXMARKETS differed in some respects from other participants in the global financial market. For example, in order to carry out activities on this trading platform, a potential client had to first apply for membership in this company. Basically, this procedure was not a particular problem, but it strongly resented some non-US residents. This is often mentioned in the foreigners’ reviews of CXMARKETS.

CXMarkets Trading Terms

в—Џ The minimum deposit is $ 100.

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в—Џ The minimum bid is $ 0.9.

в—Џ Currency – US dollar.

в—Џ Support service – works daily, except for weekends.

в—Џ English language.

в—Џ Demo account – no.

в—Џ Platform – SpotOption.

CXMarkets Assets

As already mentioned many times in the presented review and the majority of reviews compiled about CXMARKETS, this company works: with binary options, weather forecasts, some currency pairs and precious metals.

CXMarkets Deposit and withdrawal of funds

Service users to deposit money into a trading account or withdraw their earnings, used:

в—Џ Debit and credit cards.

в—Џ Transfers of financial institutions.

The latter fact can be called the decisive drop that eliminated all our doubts among our compatriots about whether to work or not to work with this forex trading platform.

CX Markets Review 2020 (Cantor Exchange)

CX markets, also known as Cantor Exchange, is a regulated contract market in the USA. The company offers electronic binary trading platforms and oversees all trading activities on the platform. It operates under Cantor Fitzgerald, L.P; a renowned capital market investment bank. With over 65 years of experience, Cantor Fitzgerald serves more than 5000 clients globally. The investment bank prides itself with strongholds in matters concerning fixed income sales and institutional equity among others. With such services, the CX markets remains one of the topnotch brokers in the industry.

Products offered by CX Markets

CX deals in a range of products including weather contracts, which is a recent technology. Its products include:

Forex Binary Options

CX markets allows its clients to trade in binary options at any dollar amount they can afford. Its settlement is quoted in percentages. During the trade, CX deals in gold and 6 different pairs of currency. That is, XAU/USD USD/JPY, AUD/ USD, GBP/USD, GBP/JPY, EUR/JPY, EUR/USD. The contract has a life period ranging from 5 minutes, 20 minutes, 1hour, to the end of the day.

Its services are flexible enough to allow entry of trade with only 30 seconds left to the expiry of the contract. This is possible on the condition that there is liquidity. With that in mind, it is a viable broker for binary options signals and software compatibility.

Forecaster Challenge

Taking part in this product is free and bears no risk. CX has partnered with Accu weather which facilitates payment in terms of accudollars in case of a successful weather prediction. Nevertheless, the accudollars have no monetary value attached.

Through this challenge, the CX markets enables its clients to sharpen their weather prediction skills before trading on TradeWX. The predictions cover rain and storm, highest and lowest temperatures and tropical storms weather.

However, becoming successful in forecaster challenge does not directly indicate that one qualifies to trade on TradeWX.

TradWX

Trade WX protects CX markets clients from financial implications resulting from weather conditions. The company has invested in reliable tools and data sources such as Accuweather and National Weather services to ensure the weather contracts are accurate.

Hedgers, speculators, and traders are at liberty to enjoy weather protection. The contract by traders can be as small as a dollar. CX’s future exchange offers Atlantic Named Storm Landfall, Weekly Rainfall Day Count and Monthly Aggregate Rainfall weather contracts.

Educational Resources and the Management Team

CX markets provides educational resources for clients to learn about the different Contracts. The resources include tutorials, videos, and user guides. Moreover, the trading platform has professional traders who answer questions and help clients handle their trading accounts. As such even the newbies are able to familiarize themselves with the company’s products before being participants.

To be a participant, the company does not require one to own a broker account. All that is required is a filled application form, which covers only necessary information.

Similarly, there is no required minimum deposit for new traders.

Technology and Innovations

The company is well endowed with the latest technology in Forex and metal exchange. Other technologies include TechFinancials. These technologies are compatible with trading systems like Pro Signal Robot, Binary Robot 365 and Option Robot.

Awards and License

In 2020, the USA Commodity Futures Trading Commission (“CFTC”) approved Contour Markets as a deputed Contract Market. It is among three other rubber stumped contract market companies with binary options in the United States. The only similar broker is Nadex.

In the same year, CX Clearing House, which is responsible for derivatives clearing for CX markets was approved to become Derivatives Clearing Organization. (DCO)

Bonus and Promotion

The company offers a $10 promotion offer to participants of the forecast challenge to reclaim the accudollars earned. However, this offer is subject to the player owning a weather account.

Security

CX Clearing House provides all clearing services for the CX markets. Through the company, all customers are protected and the integrity of the trading platform is upheld. Clients’ funds are segregated into safe accounts that are regulated at Harris Bank, NA. This guarantees participants financial security.

Limitations of the Cantor Exchange

  • Funds existing in the forex account are not readily available in the CX weather account and vice versa for clients who have both accounts.
  • In case of bugs, viruses, unauthorized human intervention or other causes that may impair the judgment of CX Future Exchange administration, the company reserves the rights to modify or terminate the program
  • Employees of the CX markets and their extended family members, regardless of where they live, are not legible owners of forex accounts or weather accounts.
  • Currently, CX accepts registration for USA residents only.

In summary, the CX markets is a directly accessible market for both the skilled participants and new traders. The company is devoted to ensuring fairness in its trading platform. As such, for binary options, Forex, and metal contract needs, you can count on it. The company strives to be the best by providing unmatched services to its customers. If you are looking to invest in this industry, with both its benefits and shortcomings listed above, you can give Cantor Exchange a shot and remain certain your finances are safe.

Cantor Futures Exchange (CXMarkets)

What is the Cantor Futures Exchange (CXMarkets)?

The Cantor Futures Exchange, now called CXMarkets is a U.S. regulated exchange offering products related to foreign exchange (Forex ), tropical storms, and other types of weather.

CXMarkets offers digital, or binary, options on forex products including the EUR/USD, EUR/JPY, GBP/USD, GBP/JPY, USD/JPY, AUD/USD, and XAU/USD (gold). The digital options can be purchased with expiries of five minutes, 20 minutes, one hour, and end of day.

The CX Futures Exchange, under the CXMarkets’ umbrella, offers trading in weather products. Speculators and hedgers can make trades based on where tropical storms will make landfall, snowfall amounts, rainfall amounts, and temperatures.

Key Takeaways

  • In 2020, the Cantor Futures Exchange was similar to the Hollywood Stock Exchange (HSX) which allows people to buy shares, based on movies and celebrities, using and accumulating fake capital. The Cantor Exchange, now CXMarkets, offers real-money trading.
  • Originally, the Cantor Exchange was an electronic and online marketplace where investors could buy and sell domestic (U.S.) box office receipt contracts, also known as DBOR contracts or movie futures.
  • The Cantor Exchange, now CXMarkets, offers real-money trading. The Cantor Futures Exchange got its name from its parent company, Cantor Fitzgerald.

Understanding the Cantor Futures Exchange (CXMarkets)

The Cantor Futures exchange has changed their position and the products they offer over the years. Originally, the Cantor Exchange was an electronic and online marketplace where investors could buy and sell domestic (U.S.) box office receipt contracts, also known as DBOR contracts or movie futures. The exchange, approved by the U.S. Commodity Futures Trading Commission in June, 2020, allowed investors to bet on how financially successful upcoming movie releases would be in theaters.

The Motion Picture Association of America, the Directors Guild of America, and other major industry groups opposed the DBOR exchange, saying it created a risk of market manipulation and conflicts of interest. Supporters said it could help companies in the movie industry manage movie-production risk by hedging.

Ultimately, DBOR futures were banned due to the Dodd-Frank Act which was signed one month after the movie futures were made legal. Due to the quick legal turnaround, movie futures were never actually traded on the exchange. The Cantor Futures Exchanged revamped and became CXMarkets, offering financial products not readily available on other U.S. exchanges.

In 2020, the Cantor Futures Exchange was similar to the Hollywood Stock Exchange (HSX) which allows people to buy shares, based on movies and celebrities, using and accumulating fake capital. The Cantor Exchange, now CXMarkets, offers real-money trading. The Cantor Futures Exchange got its name from its parent company, Cantor Fitzgerald.

DBOR contracts were also slated to trade on the Trend Exchange, which no longer exists.

CXMarkets Today

Simulated and real-money trading are offered on forex and gold binary options, as well as weather-related events. Binary options settle at 0 or 100, offering a fixed payout for trades finishing in the money, while also keeping losses contained to the amount wagered on losing trades.

Payouts for weather-related products depend on how many contracts are purchased by traders. As the contracts purchased increase, the payout to the winner (who predicts the correct weather or storm landfall location) increases.

One thing is clear, as time goes on, there will be more and more ways to speculate on future events. The CXMarkets exchange allows those who want to speculate on weather-related events with ease. Over time, it is safe to assume that other types of wagers will be available on all sorts of events. If there is something to bet on, and Wall Street sees the demand, there will likely be an exchange created.

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