CXM Direct, a leading broker, released its Annual Performance Report for 2022. The report revealed a year of significant growth, with the company surpassing its previous year’s performance.
CXM DIRECT CUSTOMER GROWTH
CXM Direct is proud of the amazing results of its growth in 2022. Its customer base has grown exponentially, and its customer deposits, trade volume, and client equity have grown significantly. The number of new customers in 2022 nearly doubled with an increase of 197% over 2021. One of the key indicators that the team pays close attention to is the number of Active Clients or those clients with live trading accounts who made at least 1 trade per month. CXM Direct Active clients grew more than 5X by an astounding 584% compared to the previous year.
Customer Deposits grew nearly 4X in 2022 with a 383% increase YoY, the same growth rate seen in 2021, which means that average client deposits in 2022 also doubled. The number of trades in 2022 increased 15X (1480%) compared to the previous year. Virtually no trading limits, unlimited leverage, and consistent and balanced execution are among the key drivers of more trading activity. Trade Volume consistently increased every quarter in 2022 more than quadrupling YoY with a 428% increase.
One of the most important indicators for CXM Direct is customer success. In 2022 customer equity grew 831% compared to the year before. CXM Direct team is confident that with their commitment to providing their customers with the best trading experience possible, this trend will continue in the years to come.
CXM DIRECT PARTNER GROWTH
CXM Direct LLC, a leading B2B broker with STP/ECN business model, also reported that the number of new partners in 2022 increased 4X+ vs. 2021 with particularly fast growth in Q3 and Q4. With a steady increase of partners taking advantage of CXM Direct’s best-in-class partnership program, partner commissions grew 700% in 2022 vs. 2021. As per CXM Direct, its partners’ success is always at the forefront of its daily focus.
CXM PRODUCTS
CXM Direct continued to grow its business in 2022. To serve and give the best trading experience to its clients and partners, CXM Direct added new Trading Instruments, new tools, and services.
BEST EXECUTION
With Institutional pedigree, CXM Direct invests heavily in trading and network infrastructure to ensure that the needs of even the most demanding professional traders are met. CXM Direct pride itself on the quality of its trade execution and constantly working on further perfecting it. In 2022 average execution speed was 63 ms, which is consistent with 2021 data.
Thanks to smart order routing algorithms and a powerful pool of liquidity providers, in 2022, CXM Direct was able to achieve a greater percentage of Positive Slippage (2.71%) vs Negative Slippage (2.25%) of all executed orders. Orders executed At Price or Better in 2022 constituted 97.75% of total orders.
AWARDS
In 2022, CXM Direct has been awarded across multiple categories with several prestigious industry awards:
- Best Copy Trading Platform in APAC - 2022 World Business Outlook
- Best Withdrawal Plan - 2022 Ultimate Fintech
Overall, the report demonstrated that CXM Direct had achieved its goals for the year and that the company was well-positioned for continued growth in the future. CXM Direct team expressed their pride in the company’s accomplishments and thanked their customers for their loyalty and support.
The CXM Direct Annual Performance Report 2022 is a testament to the hard work and dedication of the CXM Direct team and its partners. We are proud to have achieved such impressive growth and to be recognized for our efforts. The data in this report shows that CXM Direct is a reliable partner for both clients and partners, and we are confident that we will continue to grow in the coming years.
