CXM Direct, the multi-asset brokerage firm, announced that it recently released its latest company updates and progress report for the first six months of 2022.
The progress report outlines its performance over the past six months and provides a detailed look at its business model, including customer and partner growth, company products, trade execution, awards, and customer satisfaction.
CXM Direct Team was thrilled with the results achieved in H1 of 2022 - a great start for the company with a long history of success and looks forward to continuing that trend in the years ahead.
Having focused, in the beginning, on B2B and institutional market segments, CXM Direct has broadened its horizons, aiming to dominate the retail trading market. Its in-depth knowledge of trading allows them to know what and when something is needed in executing a trading strategy.
CXM DIRECT PERFORMANCE 2022
● CXM DIRECT CUSTOMER GROWTH
CXM Direct has reported massive growth for the first six months of 2022. It increased 313% in the number of active clients compared to the previous six months. The Customer Deposits grew 222% in H1, 2022 compared to the second half of 2021.
The number of trades in H1 also increased by 560% compared to the last six months, while Notional Trade Volume in H1, 2022 increased by 190% compared to H2 of 2021.
With many EA and professional traders joining, strong trade volume growth will continue to manifest in 2022.
One of the most important indicators for CXM Direct is customer success, and in H1, customer equity grew by 424%.
● CXM DIRECT PARTNER GROWTH
CXM Direct LLC, a leading B2B broker with STP/ECN business model, also reported that the number of new partners increased 152% in H1, 2022 vs. the previous period. CXM Direct partners’ successes are always at the forefront of its daily focus.
CXM Direct partner program allows partners to serve their clients with the best trading conditions at the lowest possible cost. With a steady increase of partners taking advantage of CXM Direct best-in-class partnership programs, partner commissions grew 277% in H1, 2022.
● CXM PRODUCTS
CXM Direct continues to grow its business in 2022. This announcement follows an active year of growth in which CXM Global has introduced several new products, services, and tools.
To serve and give the best trading experience to its clients and partners, CXM Direct released new Crypto Instruments, launched 24/7 trading on all Crypto Instruments, instant withdrawals for clients and partners, and enabled Instant 24/7 AI-powered KYC verification.
● BEST EXECUTION
CXM Direct is an innovative and customer-oriented trading platform for professionals. It offers a variety of tools and services designed to meet the needs of today's active traders. With an Institutional pedigree, CXM Direct invest heavily in trading and network infrastructure to ensure that the needs of even the most demanding professional traders are met.
CXM Direct continues to deliver an industry-leading technology platform by offering high-quality trade execution. Despite extraordinary market volatility earlier in the year, the trading execution speed remains consistent averaging around 64 ms for the H1, 2022 across all orders.
Continuous optimization of its carefully selected liquidity providers, smart order routing technology, and system upgrades helped further improve the execution quality for CXM Direct clients, reaching an average of 97.96% of orders executed at a price or better in H1, 2022.
The slippage composition remains relatively symmetrical in H1, 2022, with Positive Slippage (2.50%) vs Negative Slippage (2.04%) of all executed orders allowing for greater revenue generation opportunities for clients.
● AWARDS
CXM Direct was recognized by the prestigious Ultimate Fintech Awards during the iFXExpo in Cyprus as the Best Withdrawal Plan 2022. Thanks to the release of Instant Withdrawals for clients and Instant Commission Withdrawals for partners earlier this year.
● CUSTOMER SATISFACTION
Customer Satisfaction is CXM Direct’s ultimate goal and its highest priority. CXM Direct continuously receive great feedback from its clients across the world - with a 4.9 average satisfaction score.
With the trust of its clients and partners, CXM Direct continues to deliver the best possible experience and aims to provide more ways for its clients’ best trading journey. CXM Direct will continue to be the leader in this industry by providing innovative solutions that help its clients and partners grow their businesses.
