CXM Direct

Regulatory & Licensing Information:

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  • Regulatory Authorities:
    • Financial Conduct Authority (FCA) in the United Kingdom
    • Financial Services Commission (FSC) of the Republic of Mauritius
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  • License Numbers:
    • FCA: 966753
    • FSC: GB21026337
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  • Status: Active
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Verification:

• Broker's Claims: CXM Direct asserts that it is authorized and regulated by both the FCA in the UK and the FSC in Mauritius, ensuring compliance with international financial standards.
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• Verified Information: Independent reviews confirm CXM Direct's regulatory status with these authorities. However, it's important to note that while CXM Direct is regulated by the FCA, this applies primarily to its UK operations. Clients registering through the global website are typically under the jurisdiction of the FSC in Mauritius, which is considered an offshore regulator and may not provide the same level of oversight as top-tier regulatory authorities.
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Regulatory Warnings:

• Issuing Body: BrokersVisionary
• Date of Warning: November 2024
• Details: BrokersVisionary notes that CXM Direct is not regulated by a top-tier regulator, advising caution due to the varying degrees of investor protection offered by different regulatory bodies.

Client Feedback

User reviews on platforms like Myfxbook have raised concerns about CXM Direct's legitimacy, with some users labeling it as a scam.

Myfxbook