CBXI Markets Limited Review
With the financial markets offering lots of opportunities, many people are jumping on the online trading bandwagon and this means that there is a need for professional and capable brokers. Luckily, there is no shortage of platforms in the market, but you need to remember that not all of them are genuine. Many of these are scams that are cleverly disguised to exploit people. Therefore, you have to be cautious and diligent, which means checking out this CBXI Markets Limited review before you sign up.
At first glance, the CBXI Markets Limited broker is going to be very hard to resist because they have designed it to be a good option. It is advertised as the most trusted broker in the world and claims to offer its services to institutional and retail traders alike. A wide range of trading instruments is also offered on the CBXI Markets Limited trading platform, which includes forex pairs and CFDs on indices, energy, shares, soft commodities, precious metals, and cryptocurrencies.
This sounds like quite a good package until you start doing your diligence and realize that nothing is as claimed. Let’s take a look at this CBXI Markets Limited review to know more.
There is one thing that all scam brokers have in common; none of them are regulated because that would immediately reveal their secret. Therefore, when you want a professional and capable broker, you should always look at their regulation first. When you first visit the CBXI Markets Limited website, you will come across its claim of adhering strictly to regulations. This implies that it is a regulated broker, but you cannot take anything for granted.
Since it mentions that its headquarters are located in London, United Kingdom, it means that the CBXI Markets Limited broker should be licensed and authorized by the Financial Conduct Authority (FCA). This is the requirement for all brokers that operate on British soil. But, when you check the online register of the FCA, you are not going to find the broker anywhere. This means that it cannot operate from the UK legally.
Other than that, you will find that the CBXI Markets Limited broker also claims to be incorporated in Mauritius, but this is an offshore zone and does not give the company any credibility.
Opting for a broker without knowing what kind of trading platform you will have to use is a big mistake because if it does not suit your trading style, it could be difficult to achieve your goals. The CBXI Markets Limited trading platform is advertised to be none other than the MT5, which is an award-winning platform and recognized as one of the best ones in the market. It is the successor of the popular MT4 and is considered just as capable and sophisticated.
But, when you try to access the CBXI Markets Limited trading platform, you are going to be in for a surprise because it is quite hard to find. There is a good chance that there is no functional trading platform offered by the broker at all, which means you cannot do any trading at all, even after you have registered.
The trading conditions offered by an online broker are also relevant to your decision to open an account or not because you want a platform that can help you keep your costs low and potential profits high. When you check out the trading conditions offered by CBXI Markets Limited is that they only cause confusion. The minimum deposit starts at $250, but the issue is that the payment methods are not mentioned at all.
This can be a problem because you do not know if a chargeback would be possible in the future. The spreads advertised on the CBXI Markets Limited trading platform might not be the best, but they are still reasonable at 1.4 pips. However, since there is no functional platform, it does not matter.
Is CBXI Markets Limited a scam or genuine?
The signs all indicate that there is a CBXI Markets Limited scam because it is not regulated and does not have a trading platform to provide any services.
The lesson to learn from this CBXI Markets Limited review is to not believe anything until you verify it because the broker is clearly not genuine.
CBXI Markets Limited Review
Here you can go through our detailed CBXI Markets review and learn whether or not CBXI Markets is a legitimate or scam broker for online trading. Moreover, our cbximarkets.com review will also help you learn what you can expect from the CBXI Markets broker if you decide to sign up.