CX markets, also known as Cantor Exchange, is a regulated contract market in the USA. The company offers electronic binary trading platforms and oversees all trading activities on the platform. It operates under Cantor Fitzgerald, L.P; a renowned capital market investment bank. With over 65 years of experience, Cantor Fitzgerald serves more than 5000 clients globally. The investment bank prides itself with strongholds in matters concerning fixed income sales and institutional equity among others. With such services, the CX markets remains one of the topnotch brokers in the industry.
Products offered by CX Markets
CX deals in a range of products including weather contracts, which is a recent technology. Its products include:
Forex Binary Options
CX markets allows its clients to trade in binary options at any dollar amount they can afford. Its settlement is quoted in percentages. During the trade, CX deals in gold and 6 different pairs of currency. That is, XAU/USD USD/JPY, AUD/ USD, GBP/USD, GBP/JPY, EUR/JPY, EUR/USD. The contract has a life period ranging from 5 minutes, 20 minutes, 1hour, to the end of the day.
Its services are flexible enough to allow entry of trade with only 30 seconds left to the expiry of the contract. This is possible on the condition that there is liquidity. With that in mind, it is a viable broker for binary options signals and software compatibility.
Taking part in this product is free and bears no risk. CX has partnered with Accu weather which facilitates payment in terms of accudollars in case of a successful weather prediction. Nevertheless, the accudollars have no monetary value attached.
Through this challenge, the CX markets enables its clients to sharpen their weather prediction skills before trading on TradeWX. The predictions cover rain and storm, highest and lowest temperatures and tropical storms weather.
However, becoming successful in forecaster challenge does not directly indicate that one qualifies to trade on TradeWX.
Trade WX protects CX markets clients from financial implications resulting from weather conditions. The company has invested in reliable tools and data sources such as Accuweather and National Weather services to ensure the weather contracts are accurate.
Hedgers, speculators, and traders are at liberty to enjoy weather protection. The contract by traders can be as small as a dollar. CX’s future exchange offers Atlantic Named Storm Landfall, Weekly Rainfall Day Count and Monthly Aggregate Rainfall weather contracts.
Educational Resources and the Management Team
CX markets provides educational resources for clients to learn about the different Contracts. The resources include tutorials, videos, and user guides. Moreover, the trading platform has professional traders who answer questions and help clients handle their trading accounts. As such even the newbies are able to familiarize themselves with the company’s products before being participants.
To be a participant, the company does not require one to own a broker account. All that is required is a filled application form, which covers only necessary information.
Similarly, there is no required minimum deposit for new traders.
Technology and Innovations
The company is well endowed with the latest technology in Forex and metal exchange. Other technologies include TechFinancials. These technologies are compatible with trading systems like Pro Signal Robot, Binary Robot 365 and Option Robot.
Awards and License
In 2010, the USA Commodity Futures Trading Commission (“CFTC”) approved Contour Markets as a deputed Contract Market. It is among three other rubber stumped contract market companies with binary options in the United States. The only similar broker is Nadex.
In the same year, CX Clearing House, which is responsible for derivatives clearing for CX markets was approved to become Derivatives Clearing Organization. (DCO)
Bonus and Promotion
The company offers a $10 promotion offer to participants of the forecast challenge to reclaim the accudollars earned. However, this offer is subject to the player owning a weather account.
CX Clearing House provides all clearing services for the CX markets. Through the company, all customers are protected and the integrity of the trading platform is upheld. Clients’ funds are segregated into safe accounts that are regulated at Harris Bank, NA. This guarantees participants financial security.
Limitations of the Cantor Exchange
- Funds existing in the forex account are not readily available in the CX weather account and vice versa for clients who have both accounts.
- In case of bugs, viruses, unauthorized human intervention or other causes that may impair the judgment of CX Future Exchange administration, the company reserves the rights to modify or terminate the program
- Employees of the CX markets and their extended family members, regardless of where they live, are not legible owners of forex accounts or weather accounts.
- Currently, CX accepts registration for USA residents only.
In summary, the CX markets is a directly accessible market for both the skilled participants and new traders. The company is devoted to ensuring fairness in its trading platform. As such, for binary options, Forex, and metal contract needs, you can count on it. The company strives to be the best by providing unmatched services to its customers. If you are looking to invest in this industry, with both its benefits and shortcomings listed above, you can give Cantor Exchange a shot and remain certain your finances are safe.