In this section we will analyze the broker CM CryptoFX (also called cm-cryptofx.com), is a Forex, Cryptocurrency and CFD broker. Is CM CryptoFX really recommended for making an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we did a review on CM CryptoFX. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
It should be noted that the CM CryptoFX website does not have a Spanish version, we have also received messages from Spanish-speaking clients.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Algobit Ltd.
As to its location, The broker mentions being based in: Vanuatu and supposedly the United States, but does not have the regulation of the United States regulator, which makes us think that they are not really in the United States.
If we analyze the regulation of the broker: because they mention being a regulated company, but they do not mention the regulation number to be able to verify it, which makes us think that it is an unregulated broker.
If now we go on to analyze account types offered by CM CryptoFX, we noticed that they offer 3 different types of account / plans: the Bronze Account, the Silver Account and the Gold Account. We leave an image with a little information about each type of account.
Bronze Account: 24/7 video support, one hour withdrawals, copy trading tool, 20% bonus.
Silver Account: 24/7 video support, one hour withdrawals, copy trading tool, 50% bonus, web class, 3 risk free trades.
Gold Account: 24/7 video support, one hour withdrawals, copy trading tool, 100% bonus, web class, 3 risk free trades, personal win advisor.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that CM CryptoFX offers are: let's create CM CryptoFX's own platform.
We will now analyze the different resources and aids for the trader that CM CryptoFX provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
CM CryptoFX provides the following help or resources to traders or interested parties: explanation of some basic concepts of the world of trading, really not much more than this.
| Other information about CM CryptoFX |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: unmentioned
Email: [email protected]
>>> Assessment on CM CryptoFX <<
Ending with this section, in our opinion Do we think CM CryptoFX company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is based in unsafe countries (Vanuatu), when looking for other reviews about CM CryptoFX we mostly find negative reviews, Algobit Ltd has already been marked by the Spanish financial regulator as a financial chiringuito. We suggest using caution.
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.