Score
Saint Vincent and the Grenadines
|
2-5 years
| https://www.cmgone.com/
Website
Rating Index
MT4/5
White Label
CMGAustraliaPtyLtd-US03-Demo
Influence
D
Influence index NO.1
United States 2.67
MT4/5 Identification
White Label
United StatesInfluence
D
Influence index NO.1
United States 2.67
LicensesLicensed Entity：CMG AUSTRALIA PTY LTD
License No. 001256635
Saint Vincent and the GrenadinesFailure to Find CMG’s office in Australia
The investigators, based on the result of this field survey, confirmed that CMG’s real address failed to match with the one in its regulatory information. Besides, the broker’s Australian Financial Services Representative license (license number: 001256635) issued by Australia Securities & Investment Commission has been revoked.Investors can take the broker into consideration.
AustraliaFailure to Find CMG’s office in Australia
The investigators, based on the result of this field survey, confirmed that CMG’s real address failed to match with the one in its regulatory information. Besides, the broker’s Australian Financial Services Representative license (license number: 001256635) issued by Australia Securities & Investment Commission has been revoked.Investors can take the broker into consideration.
Australia
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
cmgau.com
cmgone.com
VIP is not activated.
| CMG Review Summary | |
| Founded | 1998 |
| Registered Country/Region | Australia |
| Regulation | Not Regulated |
| Market Instruments | Forex, Cryptocurrencies, Commodities, Indices, Precious Metals, Oil |
| Demo Account | Yes |
| Leverage | Up to 1:400 |
| Spread | Starting from 0.2 pips |
| Trading Platform | MT4 |
| Customer Support | +61 2 4036 3165 |
| support@cmgau.com | |
CMG is an online broker with more than 80 instruments, including forex, cryptocurrencies, precious metals, market commodities indices, and others. It offers free demo accounts and live accounts through the MetaTrader 4 (MT4) platform, leveraging high options up to 1:400 and spreads from 0.2 pips. However, it is unregulated.
| Pros | Cons |
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CMG is unregulated.
CMG offers more than 80 types of tradable instruments, including Forex, Cryptocurrencies, Commodities, Indices, Precious Metals, and Oil.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Oil | ✔ |
| Indices | ✔ |
| Cryptocurrency | ✔ |
| Metals | ✔ |
| Shares | ❌ |
CMG offers two types of accounts: Free Demo Account and Live Account with high leverage options of up to 1:400.
CMG offers clients trading conditions with low spreads starting from 0.2 pips and a commission-free structure.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC and Mobile | Investors of all experience levels |
CMG does not charge fees for deposits or withdrawals using any payment method. Supported funding and withdrawal methods include bank wire transfer, credit or debit cards (Visa or MasterCard), Skrill (Moneybookers), C-Link Solution, CoinZoom (cryptocurrency deposit), Finrax (cryptocurrency deposit), China UnionPay, and B2B transfer.
CMG broker offers the same flexibility for withdrawals as they do for deposits, including credit/debit cards, bank wire transfers, and cryptocurrencies. This level of flexibility is great for me, as it allows me to choose the most convenient and cost-effective method. However, before withdrawing, I’d make sure to check if there are any processing fees or limits based on the withdrawal method I select, as these details are crucial for managing my CMG account effectively.
CMG trading offers leverage up to 1:400, which is appealing for traders like me who want the ability to control larger positions with smaller margin requirements. However, I understand that high leverage comes with higher risk, especially when trading on an unregulated platform. I would use leverage cautiously, making sure I apply solid risk management strategies to avoid significant losses. For me, a high leverage ratio could be a great opportunity, but it needs to be used responsibly to protect my capital.
One of the things I appreciate about CMG trading is that they don’t charge any deposit or withdrawal fees, which makes moving money in and out of my CMG account more cost-effective. That said, I would still want to make sure that my chosen deposit or withdrawal method doesn’t incur extra costs from third-party providers like my bank or credit card company. So, even though CMG broker doesn’t charge these fees, I’d take a closer look at the details to avoid any surprises.
The absence of regulation with CMG trading adds significant risk to my trading. I would be particularly concerned about issues such as potential fraud, lack of recourse for disputes, or delays in withdrawing my funds. Without regulatory oversight, there's no official body to hold CMG accountable for any misconduct, which makes trading with them riskier. As much as I enjoy their low spreads and high leverage, I’d hesitate to fully commit to using my real funds, especially if I don’t have a way to verify their practices.
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helun
Taiwan
Encountered a scam on a dating app. At first, they pretended to be in a relationship, then later taught me about investing and even proactively helped me deposit a sum of money into the platform. After seeing the profits, I followed suit and deposited more money. Little did I know, that was just the beginning of the scam. Later, various fake activities appeared—it was truly outrageous.
Exposure
Benjamin Young
Malaysia
the account conditions? I gotta say, as terrible as stale bread in a fancy feast. I got spreads on oil hundreds pips repeatedly. A real test of your endurance, like a never-ending marathon.
Neutral
Max Lewis
Netherlands
Between the crazy high minimum deposit, glitchy platform, misleading spreads and wild slippage, CMG just didn't work for my trading style. Maybe it makes sense if you a big baller with tons of capital to risk. But for average folks just trying to grow a small account, way too many obstacles to recommend.
Neutral
天道酬勤6337
Mexico
Although I thought the trading conditions offered by this company CMG were excellent, I decided not to negotiate with them because they lacked reliable oversight. Security is the most important thing for me when choosing a forex company because I don't want to be one of the many victims of scams.
Neutral
best miner
South Africa
High leverage, low spreads & 0% commissions, as well as mt4 trading platform and a variety of trading instruments to choose from. The only downside is that the minimum deposit amount of $250 is too high for me, but the broker also provides free demo accounts.
Neutral
虫妈
Australia
The platform is not ideal, but it is possible to get things done using it. The conditions are functioning normally, with a sufficient supply of assets for traders. The broker may be young, but I believe in his potential so long as he sticks to an ethical policy.
Positive