CCM Clearing Review Scam Complaint
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CCM Clearing is an offshore broker who presents itself as a forex and binary options broker. CCM Clearing is owned by CM Clearing Ltd, which according to the information given on its website is a company headquartered in Bulgaria. Despite of being based in Bulgaria the broker is not licensed by the local Financial Supervision Commission or by any other regulatory as required by Bulgarian law. Hence, it would be recommended to go through the review about this broker given below before risking your money with it.
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About the CCM Clearing:
CCM Clearing is a Bulgarian broker that is not licensed by any regulatory. The only advantage we could see of using CCM Clearing that the broker claims to offer a wide range of financial instruments ranging from forex and various CFDs for trading, including binary. CCM Clearing provides its services on some unproven platform named UTRADEPro. It is offered as a downloadable version on the broker’s website, but cannot be tested for free. However, we doubt about comparing this trading solution to the highly praised MetaTrader4 (MT4). When you go through the website of CCM Clearing you will get to know that it has not disclosed any essential trading conditions like the spreads, leverage provided, minimum investment required, etc. moreover, there are no free demo accounts. Such lack of clarity and transparency is yet another worrisome sign regarding CCM Clearing.
The financial regulator of EU has noted that CCM Clearing is associated with Rocket Consultant Group and World Advisory Group and warned that these should also be avoided by the traders. All the more so, considering that the Swiss Financial Market Supervisory Authority has issued official warnings both against Rocket Consultant Group and World Advisory Group.
Is CCM Clearing legit or scam?
CCM Clearing is an unregulated forex and binary options broker that seems all shady. The broker is a scam as the New Zealand’s Financial Markets Authority (FMA) has blacklisted CCM Clearing, for the reason it is not a registered financial service provider. Moreover, the FMA has also warned the public that this broker could be involved in a scam, as it has been taken client’s funds and never returned. The broker and the firms associated with it are all involved in some fishy things and there are number of complaints against them. Therefore, we would suggest the traders to be aware of this scam broker and keep their money safe.