CM Trading Review Scam Complaint
Scammed by a fraud Broker? Fill the Complaint form below to get help!
CM Trading is an offshore forex and CFD broker that offers its clients various financial instruments for trading. CM Trading is actually a brand by two entities, Global Markets Trading Limited which is based in Seychelles and other one is Global Capital Markets Trading South Africa Proprietary Limited, which is based in South Africa. These two companies are regulated in South Africa but their subsidiary CM Trading is still not licensed by any financial authority.
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About the CM Trading:
CM Trading is an unregulated broker based in South Africa. The broker offers its clients four types of trading accounts, namely, Mini, Standard, Executive and Gold. However, the broker also provides a swap free Islamic trading account including a free demo account. CM Trading provides its clients a choice between several trading platforms. At the very first option it provides the clients the most popular Meta Trader 4 for computers, in a web browser and mobile application version. Then at second it has the Sirix platform which is developed by Leverate. The Sirix web version offered by CM Trading is the one which can be used without having to install it and as well as the Sirix mobile application. CM Trading has two types of promotions to offer, one is an up to 20% deposit bonus for deposits of $500 or more and the other one is a free Inter cash international debit card.
CM Trading offers its clients several methods of payments; it accepts payments through bank wire, credit or debit card and also the electronic payment systems Neteller, CashU and FasaPay. Surprisingly, there is no information provided regarding spreads, leverages and trading conditions which is a clear sign of a shady broker. The broker lacks the transparency in its commitments, though its offerings are pretty attractive but absence of relevant details is not a sign of a legit broker.
Is CM Trading Legit or scam?
CM Trading is an offshore broker that is not licensed to provide its services. The broker has not been registered from any financial regulatory so it would not come under the cap of law which would ultimately put your money at risk. The broker is a scam as besides of being associated with regulated companies the broker still is not registered by any governing body which is quite suspicious. According to all the details of the broker we would not recommend you to invest with this broker.