CME Metal is a forex broker officially registered on March 14, 2024. This broker mainly offers users a wide range of trading markets through its proprietary trading platform, including forex, metals, commodities, indices, etc., and does not operate in the United States, Iran, North Korea, and other regions.
Corporate Registration Information and Regulatory Status:
Public information on the official website of CME Metal shows that its corporate entity is CME MetalLimited, headquartered in the United States. This broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), with license numbers 296805 and 700455, respectively. Additionally, CME Metal is a registered member of The Financial Commission.
Upon verification, the website of the Australian Securities and Investments Commission (ASIC) shows that the license number 296805 corresponds to the corporate entity DLS MARKETS (AUST) PTY LTD, and the website of the Vanuatu Financial Services Commission (VFSC) shows the license number 700455 corporate entity as DLS MARKETS LIMITED. The Financial Commission also did not find CME Metal as a registered member, but DLS MARKETS was found in the membership list. Hence, it can be determined that CME Metal is a clone site of DLS MARKETS, and the platform is a fraudulent platform.
Moreover, the "Terms and Conditions" page on the broker's official website provides only icons for documents, which in reality cannot be opened, while the genuine site, DLS MARKETS, offers documents that can be opened.
Account Opening:
To open an account with CME Metal: navigate to the broker's official website, click "Open Account" to enter the registration interface, enter your personal email address and click "Send Code". The broker will send a verification code via email, after which you create a login password, enter the verification code and submit. Once submitted, the account is successfully registered. After login, complete KYC validation to deposit and trade.
Account Types:
CME Metal offers users two different types of real trading accounts: STANDARD ACCOUNT and ECN ACCOUNT.
STANDARD ACCOUNT
- Minimum deposit amount: 200 dollars
- Spreads start from: 1.0 pips
- Maximum trading leverage: 1:500
- Trading commission: 0
ECN ACCOUNT
- Minimum deposit amount: 200 dollars
- Spreads start from: 0 pips
- Maximum trading leverage: 1:500
- Trading commission: 6 dollars per round trade commission
Trading Platform:
CME Metal claims to offer the MT4 trading platform on its official website, but in reality, it uses a proprietary trading platform and the broker is not found on MT4.
Deposits and Withdrawals:
CME Metal supports deposits and withdrawals using credit/debit cards, e-wallets, bank wire transfers, and more.
Summary:
Traderknows reminds investors that CME Metal is a fraudulent website of the shell broker DLS MARKETS. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
