CM Trading Review (2023)

Is CM Trading a scam or a legit broker?

CM Trading is 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade CM Trading. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable. The reason is simple, the broker may promise the most ever competitive trading conditions or the trading environment, yet the trader has no any guarantee from the official entities that oversee the Forex industry. Thus the engagement to trading with such a companies means the trader will believe only on the broker’s words, and of course, it is a high risk.

CM Trading is a Forex broker and the Brand name of Seychelles-based Global Capital Markets Trading and BLACKSTONE Marketing in South Africa.

The main office is located in Johannesburg, South Africa and they also provide international phone numbers in UK, France, Canada, Malaysia, Brazil and Saudi Arabia. Although the company is not regulated in these countries, most probably is targeting their residents.

The key requirements for the Seychelles license are: domestic company in Seychelles with a share capital of USD 50,000 and an operational office in Seychelles. The advantages of this license are speed and low cost.

Conclusion

It is always better and safer to trade with a reliable broker licensed by Australia’s ASIC (Check out ASIC brokers), Cyprus’ CySEC or UK’s FCA. For example, the license from UK’s Financial Conduct Authority requires EUR 125,000 of capital for the STP license aside from client deposits. Check the list of the FCA-regulated brokers here.