✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will analyze the broker CMGMarkets (also called cmgmarkets.io), is a Forex and CFD broker. Is CMGMarkets really recommended to make 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 review CMGMarkets. 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.
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.
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: not mentioned.
✅ Regarding its location, the broker mentions being based in: apparently UK, although there is no information on this.
✅ If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.
📌 Remember: the best (and safest) option are regulated brokersas they must meet very strict requirements. Work with an unregulated brokerit's very risky, don't take that risk. 📌
If now we go on to analyze account types offered by CMGMarkets, we note that it offers 6 different types of account / plans: Bronze Account, Silver Account, Gold Account, Platinum Account, Diamond Account and Real Account. We will leave you an image with a little information about each type of account.
Bronze Account: minimum initial deposit of $2.000, 9 currency pairs, a total of more than 25 useful, fixed or floating spreads, trading in micro lots, 24/5 individual account manager, minimum lot 0.1, spread from 0.9, deposit bonus up to 10%, marginal leverage up to 1:20, 5% insurance on account, 3 signals per week.
Silver Account: minimum initial deposit of $5.000, 4 asset classes, fixed or floating spreads, trading in micro lots, 24/5 individual account manager, minimum lot 0.1, spread from 0.8 pips, deposit bonus up to 25%, marginal leverage up to 1:30, 10% off insurance on account, 5 signals per week.
Gold Account: minimum initial deposit of $10.000, TAll asset classes, fixed or floating spreads, trading in micro lots, 24/5 individual account manager, minimum lot 0.1, spread from 0.6, deposit bonus up to 35%, marginal leverage up to 1:40, 20% insurance on account, 7 signals per week.
Platinum Account: minimum initial deposit of $25.000, all available tools, fixed or floating spreads, trading in micro lots, 24/5 individual account manager, minimum lot 0.1, spread from 0.6, deposit bonus up to 50%, marginal leverage up to 1:50, 30% insurance on account, 5 signals per week.
Diamond Account: minimum initial deposit of $50.000, all available tools, fixed or floating spreads, trading in micro lots, 24/5 individual account manager, minimum lot 0.1, spread from 0.5, deposit bonus up to 75%, marginal leverage up to 1:75, 40% insurance on account, 15 signals per week.
Real Account: minimum initial deposit of $100.000, all corporate trading opportunities, fixed or floating spreads, automatic withdrawal on a scheduled date, regular advisor support, trading assistance algorithm, spread from 0.4, deposit bonus up to 100%, marginal leverage up to 1: 100, 50 % insurance on account, 30 signals per week.
In the following image you can have more information about the types of account. Click here to see the image in full size.
La platform to operate that CMGMarkets offers is: own platform (CMGMarkets) and Status.
We will now analyze the different resources and aids for the trader that CMGMarkets provides on its website. We believe that the resources and help provided on the website can be a great point in favor of the broker.
CMGMarkets provides the following help or resources to traders or interested parties: explanation of basic concepts, information about the company, news, FAQ section, really not much more than this.
| Other information about CMGMarkets |
Some more information in case you want to contact the company, or see its website for yourself.
Website: cmgmarkets.io
Telephone: + 44-203-514-3002
Email: [email protected] | [email protected]
>>> Assessment on CMGMarkets <<
Ending with this section, in our opinion Do we believe that the company CMGMarkets is trustworthy? Should you invest your money with the company?
Seeing all this, we recommend taking caution, because: it is an unregulated broker, it is not clear to which company it belongs or in which country its headquarters are located, when looking for reviews about CMGMarkets We have found too many negative reviews and comments on this broker. We suggest using caution.
⛔ Attention ⛔ : in December 2020 FCA (UK) added CMGMarkets to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to FCA's December 2020 advertencia️ warningWe 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.
[democracy id = ”722 ″]
I've heard good things about them, but I don't want them to steal my money or scam me. Can you help me? Blessings.
Hello José-co, thanks for writing about CMGMarkets. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check the form in this link: CLAIM YOUR MONEY
Greetings.