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CXMarkets has been operational since 1999, which gives it a certain level of legitimacy and experience in the industry. However, its lack of regulation significantly impacts its safety for traders. Without regulatory oversight, CXMarkets does not offer the same investor protection that regulated brokers do. While the broker provides specialized weather-related financial products, it’s crucial to consider the risks involved in trading with an unregulated platform. The lack of a governing body overseeing its operations can expose traders to risks such as potential fraud or mismanagement. Additionally, the limited information about their platform's functionality and fees makes it harder to assess the full scope of services and costs. For me, this absence of regulatory compliance raises red flags about the safety of trading with CXMarkets. As an investor, I would proceed with caution and consider other options that offer regulatory protection and greater transparency.