CM Trading Review
Reason to avoid: Offshore license
Listed Date: August 19, 2018
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Is CM Trading a scam or a legit broker?
CM Trading is 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade CM Trading. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.
About CM Trading
| 🗺️ Registered in | Seychelles |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is CM Trading safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
CM Trading is a Forex broker and the Brand name of Seychelles-based Global Capital Markets Trading and BLACKSTONE Marketing in South Africa.
The main office is located in Johannesburg, South Africa and they also provide international phone numbers in UK, France, Canada, Malaysia, Brazil and Saudi Arabia. Although the company is not regulated in these countries, most probably is targeting their residents.
The key requirements for the Seychelles license are: domestic company in Seychelles with a share capital of USD 50,000 and an operational office in Seychelles. The advantages of this license are speed and low cost.
Conclusion
It is always better and safer to trade with a reliable broker licensed by Australia’s ASIC, Cyprus’ CySEC or UK’s FCA. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital for the STP license aside from client deposits. Check the list of the FCA-regulated brokers here.
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High. I note that you’ve listed CM Trading under brokers to avoid and then listed them as well under regulated brokers. Which is the current position?
Just been scammed by Johaan from CM trading?
Dear Shauntel,
We apologize for the delay in attending to your message, it seems that we were not notified of your post.
We aim to provide the best service possible for our clients, we would appreciate if you could send us an email to: support@cmtrading.com, about this issue so we can check this matter and provide the best possible solution.
Goodmorning. I really want a fund manager. What I mean is that do you people trade for someone. What is is percentage. How does it work.
How much is the minimum for me to start.
Hi Maxwell,
We apologize for the delay in attending to your message, it seems that we were not notified of your post.
You can visit our LiveChat service or send an email to support@cmtrading.com for immediate assistance to access your account.
Dear Isaac,
CM Trading is a regulated broker since 2012 and we strive to provide our clients with a secure trading environment.You are welcome to check more about our regulation here: https://www.cmtrading.com/en-US/fsca/
If you trade for me, how many percentage can you geve me in a week?
If I trade manually how much can I earn per week?