CMG Broker Review：High Risk(Suspected Fraud)

CMG Overview：

CMG's registered business entity in the UK is CAPITAL MARKETS GIANTS CMGFX LTD, with its registered address at House Of She Shopping Malls 211 Wallace Street, 37, Glasgow, Scotland, G5 8NT, and its business registration number is SC594976.

Domain Registration of CMG：

According to the information found by Whois, its official website domain name was registered on April 12, 2018.

Is CMG legit or a scam? Does CMG have any regulatory licenses?

The official website of the broker did not disclose whether CMG is regulated by regulatory authorities. After investigation, it was found that CMG has no authorization or regulation from the Financial Conduct Authority (FCA) in the UK, nor has it been regulated by any other financial regulatory authorities. But currently, CMG's official website cannot be opened normally, which is also a common tactic for scamming brokers and fund holders.

Employees of CMG：

Traderknows did not find CMG corporate personnel on the CMG official website and other public websites, which also means that the transparency of CMG's enterprises is not high.

Trading Software Provided by CMG：

CMG promotes the MT4/MT5 trading platform to users on its official website account type introduction page, but only provides the MT5 trading platform download button on its trading platform introduction page. However, the MT5 download button provided by the broker on its official website trading platform promotion page cannot be opened, and MT5 cannot be downloaded at all. The broker cannot be found on the MT4/MT5 software.

Online Reputation and Client Complaints：

The overall evaluation of CMG on other social media is not high, with some claiming that CMG brokers are unlicensed brokers with higher risks. Traderknows reminds investors to prepare for inquiries in advance before collaborating with CMG.

Trading Products Provided by CMG：

The CMG website shows that the broker offers trading products for foreign exchange, commodities, metals, indices, stock contracts for differences, bonds, and ETFs.

Contact Information：

Investors can contact CMG through the following methods:

1. telephone
2. mailbox

Conclusion：

Traderknows reminds investors that CMG is a foreign exchange broker without legal financial supervision, and its official website provides a variety of services that cannot be accessed. There is a risk of fraud when choosing this platform. Investors should choose a reputable and legally regulated large platform for trading to avoid losses to their own assets. At present, the broker is flagged as suspected of fraud on the trading platform Encyclopedia.