CXM Direct, HFM, Tickmill, Deriv and D Prime reviewed from each broker’s own website and agreement: legal entity, licenses, accounts, fees and payments.
Clients who sign up through cxmvn.net contract with CXM Direct LLC (St. Vincent, no brokerage license). Cent, Standard, ECN and ZERO accounts; MT4, MT5 and CXM Trader with a TradingView connection; copy trading and PAMM available.
CXM Direct is a brand of the CXM group. This review looks at the legal entity that signs the agreement with retail clients, the licenses, the insurance, the account types, the unlimited leverage, the products, the platforms, deposits and withdrawals, and the points to watch.
The steps to register a CXM Direct account, the documents you need for identity verification (KYC), how to choose an account type, the deposit and withdrawal rules, and what to check before you deposit real money.
The CXM Direct account types compared on minimum deposit, leverage, products, margin call and stop out, how to check the spread and the commission yourself, and which account suits which level of capital and experience.
Which legal entities make up the CXM group, which license actually applies to your account, how client money is held and insured, and how to check it all yourself before you deposit.
The CXM Direct leverage policy by account equity, the conditions attached to unlimited leverage, the windows where leverage is cut, how margin is worked out, and why high leverage does not reduce your risk.
What platforms and services CXM Direct offers: MetaTrader 4, MetaTrader 5, Web Terminal, TradingView, copy trading, PAMM, Trading Central and VPS; how to choose between them, and the risks to know before you copy someone else's trades.
The conditions for trading gold at CXM Direct: the XAUUSD specification, the spread, the lot size, leverage by account equity, the windows when leverage is cut, the XAUUSD247 symbol that trades at the weekend too, and how to work out margin, profit and loss, and risk.
CXM Trader is the new web trading platform of CXM: the features, the products, how to connect it to TradingView, the limits on the account, what it does not support yet (copy trading, PAMM, a phone app), and when to use it instead of MT4 or MT5.
International clients contract with HF Markets (SV) Ltd (St. Vincent, no brokerage license). Cent, Premium, Pro, Zero and Top-up Bonus accounts; MT4, MT5, HFM WebTrader and the HFM app; copy trading available.
HFM (formerly HotForex) belongs to HF Markets Group and has been in business since 2010. This review looks at the legal entity and the licenses, the insurance, the platforms, the tools, the account types, leverage, costs, deposits and withdrawals, and the terms worth reading closely.
The steps to open an HFM account on a computer and on a phone: registering the myHF wallet, verifying your email and phone number, the economic profile, uploading documents, choosing a live or demo account, and the terms to know before you deposit.
How money moves in and out of an HFM account: the myHF wallet, the deposit methods and how their limits are set, the withdrawal minimums and timings, HFM's fees, the return-to-source rule, and the things that get a withdrawal request refused.
The five HFM account types compared: minimum deposit, spread, commission, leverage, margin call and stop out, the real conditions behind swap-free trading and behind the deposit bonus account, with a suggestion by the way you trade.
International clients contract with Tickmill Ltd (Seychelles, holding FSA license number SD008). Classic and Raw accounts; MT4, MT5, Tickmill Trader and TradingView; copy trading available.
Tickmill is a brand of Tickmill Group, and international clients open an account with Tickmill Ltd (FSA Seychelles). This review looks at the licenses, the insurance, the Classic and Raw accounts, the fees, the dynamic leverage, the platforms, deposits and withdrawals, and the terms you need to know.
The steps for opening a Tickmill account on a computer and on a phone: registering for the client area, choosing the company that will hold your account, taking the appropriateness test, uploading your verification documents, opening a Classic or Raw trading account, and the points to watch.
The six funding methods Tickmill offers on its international site, the currencies each one takes, the 100 minimum deposit and 25 minimum withdrawal, processing and arrival times, the zero fees policy, the steps in the client area, and the rules on withdrawing back to the method you deposited from.
A comparison of the Tickmill Classic and Raw accounts: spread, commission, the real cost of one trade, dynamic leverage, margin call and stop out, the Islamic account, the 30 USD welcome account, and how to choose for the way you trade.
The Deriv group has operated since 1999, with licensed entities in the BVI, Vanuatu, Labuan, Mauritius and the Cayman Islands; its St Vincent and Samoa entities hold no brokerage license. MT5 Standard, Zero Spread, Swap-Free, Financial and Gold accounts; Deriv MT5, cTrader, TradingView, Deriv Trader and Deriv Bot; Derived Indices trading 24/7.
Deriv is a brokerage group operating since 1999, and it stands out in two ways most Forex brokers do not: a set of Derived Indices that run 24/7, and a range of Options contracts. This review looks at the entities, the licenses, the products, the accounts, the fees, the leverage, and deposits and withdrawals.
The steps to open a Deriv account, from choosing your country and registering by email to verifying documents and adding a trading account. Plus the places worth reading carefully before you accept, and why to run a demo before you deposit.
At Deriv money passes through an intermediate wallet before it reaches a trading account. This article covers that structure, the groups of payment methods, the minimums, the fees, the daily transfer limits, and what usually holds a withdrawal up.
Deriv MT5 has five account types and none of them has a minimum deposit. This article compares the spread, the commission and the asset class of each, explains where the Zero Spread account actually charges you, and what the Swap-Free account costs in exchange.
The risk disclosure names Doo Prime Vanuatu Limited (Vanuatu, VU FSC licence number 700238); the licence page adds FSA Seychelles number SD090. CENT, STP and ECN accounts from a 5 USD minimum deposit; MT4, MT5, D Prime InTrade and TradingView; maximum leverage 1:1000.
D Prime is the current brand name of Doo Prime. This review covers the legal entity and its two licences, the CENT, STP and ECN accounts, what the fees really are, 1:1000 leverage, the platforms, and how deposits and withdrawals work.
The steps to open a D Prime account, from the client-area signup form to document verification and opening a live account. Plus the IB referral field that is easy to miss, and what to read before you accept.
D Prime runs four groups of payment methods, including local bank transfer rails in many countries. This article covers the limits, the fees, the processing times, and a labelling bug on the payments page worth knowing about first.
D Prime has three trading accounts. This article compares the minimum deposit, spread, commission and markets of each, works out when STP is cheaper than ECN, and explains where the Islamic account actually charges you.
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