CMIndex Review: Don’t Take a Chance Dealing with CMIndex
The tagline of CMIndex is “The People’s broker.” This is extremely brazen for a business that is probably trying to scam the same folks. If it seems a little bold to say that the company is fraudulent, consider that it exhibits all of the problems that typically characterize unregistered businesses. The website of the company can be found at https://cmindex.com/, and it provides two addresses, physical and registered. The physical address was found at Cyberjaya, Selangor, and the registered address at Saint Vincent and the Grenadines.
According to CM Index’s advertising, it primarily provides three major asset classes in the financial markets: foreign exchange, precious and base metals, and energy. Read this complete CMIndex review to know more about this scam broker.
CM Index, a trading name of CM Index LTD, is said to be a dubious regulated forex and CFD broker registered in Saint Vincent and the Grenadines.
This nation is the haven for scams that we already described. It owes this unfortunate honor to the markets, which are not under the regulating body’s authority. A corporation operating from there without a valid license will be extremely harmful.
CM Index provides three trading accounts: Deposit Bonus, Leverage, and ECN Raw. The other account type has a $100 minimum initial capital requirement. The broker also provides Islamic accounts (swap-free).
CM Index offers MT4 desktop and MT4 mobile as trading platforms. The most well-liked forex trading platform, MetaTrader, is praised by forex traders for its dependability and reliability.
Traders can enhance their performance by using one of the 10,000+ trading apps that are currently offered on the Metatrader marketplace. The platform looks good with its offers, but the platform activities are actually all smoke and mirrors, and the people using your money are scam brokers. You must thus employ a solid broker with a strong platform in its place.
Deposit and Withdrawal Methods
CM Index claims to accept a wide range of deposit and withdrawal methods, such as credit/debit cards, online bank transfers, local depositors, Neteller, and cryptocurrencies (Litecoin, Bitcoin, Ethereum, and so on). (Visa, MasterCard).
For international wire transfers, the minimum amount per transaction is $1,000. For cryptocurrencies, the minimum amount per transaction is $100. The maximum per transaction for local depositors is $100,000; $10,000 for international wire and cryptocurrency; $500 for credit/debit cards; and $2,000 for all other transactions.
Contact CM Index customer service by phone at +212646052656, email at email@example.com, live chat, or by sending an online message. Additionally, you can follow this broker on a number of social media sites, including LinkedIn, Twitter, Facebook, Instagram, YouTube, and Telegram. Kingstown, Saint Vincent, and the Grenadines; Griffith Corporate Centre, Suite 305.
Based on its claims and offers, the CMIndex website appears to be legitimate and trustworthy, but the truth is that they are an offshore, unregulated scam broker.
If you believe you are a victim of the CM Index scam, please file a complaint on our website against the scam broker. We provide a complaint form; fill it out, and our experts will provide you with a free consultation as well as assistance in the fund recovery process.
Read about a broker who engaged in a similar scam – EagleFX review
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