CDX
Pros and Cons
Pros
- No regulatory oversight
- Diverse trading instruments including forex and cryptocurrencies
- Multiple trading platforms: MT4 and MT5
- Access to demo accounts for practice trading
- Flexible account options for different trader needs
Cons
- No regulatory oversight
- Lack of investor protection measures
- Variable spreads on trading instruments
- Limited educational resources available
- Withdrawal fees may apply
Basic Information
User Reviews
CDX Overview
CDX, formally known as Cambodian Derivatives Exchange Co., Ltd., is a forex broker based in Cambodia. Established within the last decade, CDX has been operational for approximately 5 to 10 years. The broker operates in a region where regulatory oversight is limited, which potential traders should consider when evaluating their options in the forex market. More information about their services can be found on their official website at https://www.wikifx.com/en/dealer/5651465573.html.
The broker offers a range of trading instruments including forex, and is equipped with trading platforms that support various functionalities to enhance the trading experience. While specific details about customer support and unique advantages are not provided, the broker’s focus on trading could appeal to those looking for opportunities in the forex market. For further inquiries, potential clients can reach out via their contact number 023 22 7777 or email enquiry@cdx.com.kh.
Is CDX Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| No Regulation | Cambodia | No investor protection measures |
Is CDX Regulated and How Are Client Funds Protected?
CDX is not regulated by any recognized financial authority. This lack of regulation poses significant risks for traders, as unregulated brokers often do not provide adequate investor protection. Clients may face a higher potential for fraud and lack recourse in the event of disputes. It is advisable to exercise caution when considering trading with an unregulated broker like CDX.
Trading Products and Services
What trading instruments does CDX offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
CDX offers a diverse range of trading instruments across multiple asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to different types of traders, from beginners looking to engage in forex markets to seasoned professionals interested in commodities and indices. With multiple asset classes available, traders can implement various strategies that align with their investment goals, whether they prefer short-term trading or long-term investments. The ability to diversify across these asset categories can enhance portfolio performance and provide flexibility in trading approaches, making CDX a potential choice for those seeking opportunities in the forex arena.
Account Types and Trading Conditions
What Account Types and Fees Does CDX Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners | Access to basic trading tools and educational resources | Suitable for small-capital practice |
| Professional Account | Experienced Traders | Enhanced trading features and lower spreads | Requires trading volume qualifications |
| Corporate Account | Corporate Clients | Custom solutions and dedicated support | Requires corporate documentation |
| Demo Account | All Traders | Practice trading without risk | Available for all users |
Account Opening Process
To open an account with CDX, potential clients must complete several steps: First, they need to submit personal information, including details about their employment and financial background. Following this, identity verification is required, where clients must provide identification and proof of address. The account structure offers flexibility, allowing clients to upgrade to a professional account later, depending on their trading activity and experience.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | Varies | $0 | Tight spreads for major pairs |
| CFDs (S&P 500) | Varies | $X | Variable depending on market conditions |
| Cryptos (BTC/USD) | Varies | $X | Variable depending on volatility |
Other Fees
Additional fees may apply, which include deposit and withdrawal fees, inactivity fees, platform usage fees, overnight interest (swap rates), and currency conversion fees.
Trading Platforms and Apps
What Trading Platforms and Apps Does CDX Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, symbol lookup, one-click trading, price alerts, technical indicators | Demo accounts, VPS |
| MT5 | Windows, macOS, iOS, Android | Encryption, advanced order types, push notifications, economic calendar | Demo accounts, VPS |
| Web Version | Any device with a browser | Basic login security, market search, multiple order types, price alerts | Demo accounts |
| Mobile App | iOS, Android | Secure login, symbol lookup, push notifications | Demo accounts |
CDX offers a variety of trading platforms including MT4 and MT5, which are suitable for both beginner and experienced traders. MT4 provides essential features for basic trading needs, while MT5 caters to advanced users with more comprehensive tools and functionality. The web version allows access from any device, ensuring flexibility, while the mobile app supports trading on the go with secure login and real-time alerts. Overall, CDX supports mobile trading while ensuring secure logins, fast order execution, and efficient search tools across its platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $50, Max $20,000/day | USD, KHR |
| E-Wallet (e.g., PayPal) | Instant | 1.5% charge | Min $10, Max $5,000/day | USD |
| Cryptocurrency | Instant | No platform fee | Min $100, Max $10,000/day | BTC, ETH |
Minimum Deposit
The minimum deposit requirement at CDX is $50 when using bank transfers and $10 for e-wallet transactions. The minimum deposit amount may vary based on the payment method selected.
How to Withdraw
To withdraw funds from your CDX account, follow these steps:
- Log into your CDX account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred payment method.
- Enter the withdrawal amount within the specified limits.
- Submit your request and wait for the processing.
Customer Support
CDX Customer Support Overview
Support Channels
CDX offers several support channels for customer assistance. Traders can reach out via email at enquiry@cdx.com.kh, or by calling their contact number at 023 22 7777. While there is no mention of live chat or social media support, the email and telephone options provide a direct line to customer service for help.
Service Availability
The exact hours of support availability are not specified; however, it is advisable for clients to contact during business hours. There is no indication of multilingual support, so communication may primarily be in the native language of the region.
Frequently Asked Questions
CDX is not regulated by any recognized financial authority, which poses significant risks for traders. The lack of regulation means there are no investor protection measures in place, increasing the potential for fraud and limiting recourse in the event of disputes.
CDX offers a diverse range of trading instruments across various asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to different trading strategies and preferences.
To open an account with CDX, potential clients must submit personal information, including employment and financial details, followed by identity verification with proper documentation. Clients have the flexibility to upgrade their accounts based on trading activity and experience.
CDX offers customer support via email at enquiry@cdx.com.kh and by phone at 023 22 7777. While there is no live chat option mentioned, these channels provide a direct line for assistance.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.