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Fake CMC Markets -

Score

1.52 /10
Danger

Fake CMC Markets

China

5-10 years

Suspicious Regulatory License

Clone Firm United Kingdom

Suspicious Overrun

High potential risk

http://www.cmchkfx.com

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Comparison

Quantity 4

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.10

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

假冒CMC Markets

Company Abbreviation

Fake CMC Markets

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 5
Previous Detection : 2024-09-29
  • The claimed United KingdomFCA regulation (license number: 173730) is verified as a clone firm. Please pay attention to the risk!
  • The claimed AustraliaASIC regulation (license number: 238054) is verified as a clone firm. Please pay attention to the risk!

WikiFX Survey

Danger

Fake CMC Markets

United Kingdom

WikiFX Verification

Exposure

4 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw!!!

After inveigling you to deposit fund on and on, the platform gives no access to withdrawal.

wait succeed
2020-03-24 11:39
Unable to Withdraw

Unable to withdraw in fake platform

The platform declined the request for withdrawal deliberately with the excuse of platform monitoring.Fraud!

YIMEIER~XUE.SHUYI
2019-11-03 11:24
Unable to Withdraw

Unable to withdraw

Fraud broker modifies your bank account number to keep you depositing funds. Don not be cheated and fall deeper and deeper

qingdaops
2020-12-11 21:53
Unable to Withdraw

Unable to withdraw

The customer service keep holding off time,giving no access to withdrawal.I added a girl on Wechat,who sent profits screenshots of her clients everyday,Without resisting the temptation,my friend and I deposited 30000 RMB.After making profits,the programmer asked us to add 50000 RMB to take out because of numerous IP operating at the same time.After so that,my withdrawal was declined with the reason of wrong bank account and was asked to pay margin of 148830 RMB.At that time, I haven’t realized that it was a scam.Then I was declined again with the reason of low credit score and was asked to pay 80000 RMB,at which I realized that we had been cheated.We had a liability of 150000 RMB respectively,which was a huge figure.It is a gang of fraud.It is too late to regret.

YIMEIER~XUE.SHUYI
2019-11-02 22:54
Fake CMC Markets · Company summary
Basic Information
Registered Countries China
Regulation No regulation
Minimum Deposit $500
Maximum Leverage 1:200
Minimum Spread N/A
Trading Platform Counterfit MT4 trading platform
Trading Assets Forex
Customer Support No valid contact information

General Information

This Fake CMC Markets is a cloned broker pretending to be the legit CMC Markets, allegedly saying to offer a series of trading instruments. This Fake CMC Markets offers two types of trading accounts, Agency account and Personal account, with the minimum deposit to get started from $500.

Regulation

This CMC Markets is just another cloned broker posing as that legit broker-CMC Market (https://www.cmcmarkets.com/en-au/). This fake one just pops up to defraud people and steal their money.

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Account Types

Two types of trading accounts are available, namely Personal Accounts and Agency Accounts. No further details are given, and the minimum deposit to open either account is $500.

Leverage

When it comes to leverage, Fake CMC Markets enables its clients to use the maximum trading leverage up to1:200, which is greater than the levels regarded appropriate by any regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
None No regulation
Cloned broker
Poor customer support

Frequently Asked Questions

What trading instruments can I trade with on Fake CMC Markets？

Trading products and services provided by Fake CMC Markets is not disclosed.

What account types does this Fake CMC Markets provide？

This Fake CMC Markets offers clients two types of trading accounts, namely Personal account and Agency Account.

What is the maximum leverage available？

The maximum trading leverage that is available on Fake CMC Markets platform is up to 1:400.

User Reviews

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User comment

2

Comments

Write a review

FX1414046583
more than one year
The company's regulatory licenses are all fake, and the declared address has no actual office, and the website cannot be opened. I couldn't find a new URL online. I think this company simply absconded with money. If it's just going out of business because of poor management, there's no need to provide false information.
The company's regulatory licenses are all fake, and the declared address has no actual office, and the website cannot be opened. I couldn't find a new URL online. I think this company simply absconded with money. If it's just going out of business because of poor management, there's no need to provide false information.
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2023-03-22 12:21
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Min Min
more than one year
CMC Markets claims to be regulated by FCA and ASIC, but both licenses are fake! Scammers!
CMC Markets claims to be regulated by FCA and ASIC, but both licenses are fake! Scammers!
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2023-02-28 14:31
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