CCM Clearing Review

Is CCM Clearing Scam or Legit Broker?

No, it is not safe to trade with CCM Clearing. The concern about CCM Clearing, is their non-authorized nature of trading and investment services performance. The broker is regulated or authorized by none of the entities, which is, in fact, mandatory for European-based companies. 

What is CCM Clearing?

The CCM Clearing is a trading platform that claims its true multi-bank liquidity and cross-asset margin trading for Forex, CFDs, and Options from one account. CCM Clearing states its operation and management by a multi-national group of seasoned FX professionals, while the office itself is based in Bulgaria.

• As any authority put its efforts to protect traders and to establish true offerings in the market through authorized activity, New Zealand recently flagged CCM Clearing. The company was detected offering trading activities in New Zealand and other entities without its legal permission to do so. Moreover, the broker was revealed in connection to Rocket Consultant Group, United FCG, and World Advisory Group, meaning the broker in fact operated through other names as well.
• As well, the company reviews show negative responses with issues appearing during withdrawal processing or while trading.

“REASON FOR WARNING: It could be involved in a scam; Unreasonable withholding of client funds; It is not a registered financial service provider in New Zealand.”

FMA, New Zealand. November 2018.

CCM Clearing Review Conclusion

As a result, we recommend avoiding trading with CCM Clearing and its associated entities and strongly avoiding any discussion with non-authorized brokerages, due to their highest risks to lose money. In turn, it is much safer to choose among the regulated forex brokers alike UK’s FCA, Australian ASIC, or other similar authorities. There are many trustworthy companies such as FBS and BlackBull Markets recommended to traders as safe and reliable choices.

CCM Clearing Update

Based on our research, the CCM Clearing website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.