CMMCI

Note: For some unknown reason, we cannot open CMMCIs official site (https://www.cmmciforex.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

CMMCI, a trading name of CMMCI SECURITIES INFORMATION COMPANY LTD., is allegedly a forex broker registered in China that claims to provide its clients (Chinese market only) with leverage capped at 1:100 and tight spreads from 0.1 pips on the industry-standard MetaTrader5 trading platform, as well as 24/5 customer support service.

As for regulation, it has been verified that CMMCI does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.28/10. Please be aware of the risk.

Negative Reviews

Some traders shared their terrible trading experiences on the CMMCI platform at WikiFX. They said this platform is a scam that is unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.

Market Instruments

CMMCI advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.

Account Types

CMMCI claims to offer various account types which include the Starter account with a minimum deposit of up to $1,000. However, more details can not be found on the Internet.

Leverage

The maximum leverage ratio provided by CMMCI is said to be 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

CMMCI claims that the EUR/USD spread is as low as 0.1 pips.

Trading Platform Available

The platform available for trading at CMMCI is the worlds most popular MetaTrade5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

CMMCI says that the funding methods available are UnionPay and cryptocurrencies, but its only possible to fund trading accounts via Moonpay. The minimum deposit with the starter account is extremely high at $1,000.

Customer Support

CMMCI‘s customer support can only be reached by email: support@cmmciforex.com. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.