CCXTrade (ccxtrade.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: Telegram: @CCX_Support_bot
Addresses: 7 Harewood Ave London This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: ccxtrade.com.
The reporting at CCXTrade (ccxtrade.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Risk management tools|Multi-device support|Fast execution|Educational resources
Cons: Some tools only available on higher tiers|Would like more payment methods
I signed up with CCXTrade (ccxtrade.com) through a financial advisor and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Copy trading available|Risk management tools
Cons: Research section could be deeper
CCXTrade (ccxtrade.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Low minimum deposit|Customizable dashboard|Multi-currency support
Cons: Charting tools need more indicators
CCXTrade (ccxtrade.com) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Great customer service|Multi-currency support
Cons: Spreads widen during volatile periods|Limited social trading features
Customer support at CCXTrade (ccxtrade.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Two-factor authentication|Dividend tracking|Multi-currency support
Cons: Email notifications too frequent
After spending for about ten months trying to make CCXTrade (ccxtrade.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Portfolio tracking tools|High security standards|Helpful community forum|Risk management tools
Cons: No fractional shares|Search feature is basic
My withdrawal from CCXTrade (ccxtrade.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for the past year and a half of being strung along.
Pros: Segregated accounts|Dividend tracking|Professional team|Market news feed
Cons: Nothing significant
I lost a significant amount because CCXTrade (ccxtrade.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Fast execution|No hidden fees|Stable platform
Cons: Mobile app could be improved|Limited cryptocurrency options