CMG, short for Capital Markets Group, is an online forex broker established in 2022. It offers products and services including forex, indices, commodities, crude oil, precious metals, and contracts for difference. CMG utilizes the MT4 trading platform, supports demo accounts, and provides users with a stable trading environment. The official website is https://www.cmgone.com/. The website supports multiple languages, including English, Japanese, Spanish, Simplified Chinese, and Korean.
CMG Corporate Entity Information:
CMG claims to use the trading name of AxiTrader Limited, but currently, there is no evidence to prove a direct connection between CMG and AxiTrader Limited. Corporate registration information regarding CMG cannot be found on public websites. The domain name of this entity was registered on April 27, 2022. The uncertainty of this information might cause investors to be more cautious, and it is suggested to carefully consider and verify the associated entity relations and registration information before engaging in any trades or investments.
CMG Regulatory Information:
CMG claims to be a trading name of AxiTrader Limited but specific regulatory information about the company cannot be found. Public records and searches do not provide CMG's regulatory background. The company has also not publicly disclosed information about regulatory authorities.
CMG Account Opening Process:
The account opening process at CMG is as follows:
- First, click “Open Account” at the top right corner of the web page and choose to register either a real or a demo account.
- After submitting the application and passing the review, CMG will send an email with the MT4 real account and other information needed to access the real trading environment to the registered email address.
- Upon receiving the welcome email, log in to the CMG MT4 trading account using the provided login details to start trading.
CMG Trading Software:
CMG offers the MetaTrader 4 trading software, allowing users to download the MT4 application on PC, Mac, iPhone, and Android devices for convenient trading anytime, anywhere. MetaTrader 4, abbreviated as MT4, is a widely used trading platform among global retail forex traders, first released in 2005. MT4 enables users to utilize the MQL4 programming language developed by MetaQuotes to create Expert Advisors, custom indicators, and scripts. Download the MetaTrader 4 platform at any time for a convenient trading experience.
CMG Account Types:
Information about CMG's account types is not publicly displayed on the official website.
CMG Trading Instruments:
CMG offers a diverse range of trading instruments, covering forex, indices, commodities, crude oil, precious metals, and contracts for difference:
Forex:
- More than 70 forex currency pairs, including major pairs from the world's largest markets.
- CMG's standard account offers zero commissions and free deposits and withdrawals.
Indices:
- Over 30 major global indices CFDs.
- Up to 30:1 leverage, zero commissions, competitive spreads, suitable for various trading strategies.
Commodities:
- Offers a margin as low as 5%, trading commodities CFDs with 10:1 leverage.
- Competitive spreads, zero commissions, free deposits and withdrawals, including gold, silver, and crude oil.
Crude Oil:
- High leverage up to 30:1, as low as 10% margin, zero commissions, free deposits and withdrawals.
- Competitive spreads suitable for oil CFDs, catering to various levels of traders.
Precious Metals:
- Offers top precious metals commodities, including gold, silver, and copper.
- High leverage up to 30:1, zero commissions, free deposits and withdrawals.
Contracts for Difference:
- Trade the world's most valuable commodities with as low as 5% margin, no brokerage fees.
- Standard account commissions applicable for gold, silver, and indices CFDs.
Through these product services, CMG offers global traders flexible and diverse trading options, while emphasizing low spreads, high leverage, and competitive advantages.
CMG Customer Support:
Traders can contact CMG through the following methods:
Phone Support: +61 2 4036 3165
Email Support: support@cmgau.com
Summary:
CMG (Capital Markets Group) claims to use the trading name of AxiTrader Limited without providing substantial evidence, and its regulatory information remains unclear. The company's products and services include forex, indices, commodities, but specific account types are not publicly displayed on the website. The account opening process is relatively straightforward, and the trading software uses the MT4 platform. However, the lack of transparency in regulation may raise concerns for investors. Despite claims of low spreads and high leverage, investors should proceed with caution when considering CMG, carefully verify the relevant information before trading to mitigate potential risks. Currently, CMG is flagged as "Suspected Fraud" on Traderknows.
