Capital Markets Banc CMB Review Scam Complaint
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Capital Markets Banc CMB is an unregulated forex and CFD broker. The broker claims to be one of the leading providers of the online financial services providing various products for trading to its clients. But claims of the broker don’t seem to be true as its owner company is out of enterprise. The brokerage company is owned and operated by Joshua Companions EOOD which again is an unregulated company. Let’s get some more details about the broker to understand and conclude the things better.
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About the Capital Markets Banc CMB:
Capital Markets Banc CMB is headquartered in Bulgaria, UK. The Forex and CFD Broker Capital Markets Banc CMB claims that it gives its buyers the traditional MetaTrader4 platform for trading. There are MT4 versions each with the desktop standalone model, together with the net based mostly and mobile version. This online buying and selling platform is made by the Panda Buying and selling Techniques firm. One can find a whole lot of underlying assets available for buying and selling including CFDs, together with all the exotic Crypto Foreign money Pairs, Ethereum, Bitcoin, and Traditional Foreign exchange Pairs. The web site of the broker and its buyer assist is available in English, Spanish, Italian, Polish, Arabic, German and Russian. The leverage on Foreign exchange pairs jumps as high as 200:1, and spreads on the Euro Greenback pair are as little as 3 pips.
The offerings of the broker sound to be competitive and attractive, but, it is not the case because the fact that the company does not have any registration with regulatory authorities, therefore they haven’t made any effort to protect their client’s funds. The broker is targeting clients from almost every region, which is confirmed by their range of supported languages and client services. As the location of the Broker is in an offshore area, it is extremely risky to put funds with an unregulated broker since there is no ensured safe trading environment and capital requirements.
Is Capital Markets Banc CMB legit or scam?
Capital Markets Banc CMB has no license to provide its services in UK and it does not guarantee its compliance. Moreover, many regulators including FCA has issued warning against this broker that it is not authorized by them and is not licensed. Therefore, putting your funds at risk with this broker is nothing less than entering a scam. Avoid this broker as it’s a scam.