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CXMarkets has some drawbacks, primarily due to its unregulated status. Without regulation, customers are left without the protections provided by governing bodies like the SEC or CFTC. This exposes traders to greater risks, as there’s no oversight to ensure that CXMarkets operates fairly and transparently. Another drawback is the limited information provided about their trading platform and market instruments. While they offer a unique set of weather-related financial products, potential clients might want more details on the functionality of the platform, especially if they are looking to execute complex trades. Additionally, while CXMarkets does not charge fees for applications, deposits, or withdrawals, the trading fees can add up, especially with higher fees on certain types of contracts, like landfall contracts. Lastly, the absence of a clear regulatory body overseeing CXMarkets could be a dealbreaker for those who prioritize safety and accountability when choosing a broker.