Analyzing CM Trading for Legitimacy: Is It a Scam or Not?

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In recent years, the forex trading industry has become increasingly popular, and with that popularity comes the emergence of fraudulent brokers. One such broker is it. In this review, we will discuss whether CM Trading is a trustworthy broker or if it’s a scam.

Is CM Trading a Licensed Broker?

Before trading with a broker, the first thing to check is whether a reputable regulatory authority licenses them. However, in the case of CM Trading, we found that any reputable regulatory body does not license them. They claim to be registered with the Financial Services Board (FSB) in South Africa. Still, the FSB has recently been replaced by the Financial Sector Conduct Authority (FSCA), which does not list it as a licensed entity.

Why Should You Not Trust an Unlicensed Broker?

Unlicensed brokers are not regulated, which means they can operate without oversight or accountability. This can lead to unethical practices such as manipulating prices, withholding profits, and stealing clients’ funds. Therefore, it is highly recommended to avoid unlicensed brokers like cmtrading.

Can CM Trading Be Trusted?

Given that CM Trading is an unlicensed broker, it is difficult to trust them. Additionally, we found numerous complaints from traders who claim to have been scammed by the broker. Many of these complaints are related to withdrawal issues, where clients cannot withdraw their funds from the platform.

What do Traders think About CM Trading?

On various online trading forums, we found that traders generally have negative opinions of CM Trading. Many traders have reported being scammed or experiencing withdrawal issues. Additionally, the platform’s lack of regulation and transparency has made traders wary of trading with cmtrading.

Scammed by CM Trading? – Talk To Our Experts

If you believe you have been scammed by CM Trading, you can talk to our experts. We will provide you with a free consultation and service recommendations to recover your lost money.

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