Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
0
1
2
3
4
5
6
7
8
9
.
0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
/10
CMG
Saint Vincent and the Grenadines
|
2-5 years
|
Suspicious Regulatory License
|
White label MT4
|
Global Business
|
Australia Appointed Representative(AR) Revoked
|
High potential risk
https://www.cmgone.com/
Website
Rating Index
MT4/5 Identification
MT4/5
White Label
CMGAustraliaPtyLtd-US03-Demo
United States
8
Influence
D
Influence index NO.1
United States 2.67MT4/5 Identification
MT4/5 Identification
White Label
8
Server Name
CMGAustraliaPtyLtd-US03-Demo MT4
Server Location United States
United StatesInfluence
Influence
D
Influence index NO.1
United States 2.67Surpassed 20.10% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+61 2 4036 3165
support@cmgone.com
https://www.cmgone.com/
Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines
Licenses
Licensed Entity：CMG AUSTRALIA PTY LTD
License No. 001256635
Keywords 6
2-5 years
Suspicious Regulatory License
White label MT4
Global Business
Australia Appointed Representative(AR) Revoked
High potential risk
Warning: Low score, please stay away!
2025-10-30
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
3
Basic Information
Registered Region Saint Vincent and the Grenadines
Saint Vincent and the GrenadinesOperating Period
2-5 years
Company Name
AxiTrader Limited
Abbreviation
CMG
Company employee
--
Customer Service Email Address
support@cmgone.com
Contact Number
+61240363165
Company Website
Company Address
Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines
Failure 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Services Representative license (license number: 001256635) issued by Australia Securities & Investment Commission has been revoked.Investors can take the broker into consideration.
Danger 
Australia
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.
Danger Australia
Australia6
Related Software
Biz Area
Website
Genealogy
Relevant Enterprises
Company Summary
Wiki Q&A
Comment
MT4/5
White Label MT4
2
MT4 Servers
0
MT5 Servers
205.00
Average execution speed/ms
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
Meta Trader 4
Perfect
Users who viewed CMG also viewed..
fpmarkets
8.88
Score
ECN Account Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
fpmarkets
Score
8.88
ECN Account Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
GTCFX
8.84
Score
ECN Account 15-20 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
GTCFX
Score
8.84
ECN Account 15-20 yearsRegulated in United KingdomMarket Maker (MM)MT4 Full License
Official website
GO Markets
8.98
Score
Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
GO Markets
Score
8.98
Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
PU Prime
8.44
Score
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
PU Prime
Score
8.44
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
Website
cmgau.com172.67.156.206
cmgone.com139.177.187.187
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
CMG AUSTRALIA PTY LTD(Australia)
Active
Australia
Registration No. 618480998
Established 2017-04-10
Related sources Website Announcement
Company Summary
| 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 Information
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 and Cons
| Pros | Cons |
|
|
|
|
|
Is CMG Legit?
CMG is unregulated.
What Can I Trade on CMG?
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 | ❌ |
Account Type
CMG offers two types of accounts: Free Demo Account and Live Account with high leverage options of up to 1:400.
CMG Fees
CMG offers clients trading conditions with low spreads starting from 0.2 pips and a commission-free structure.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC and Mobile | Investors of all experience levels |
Deposit and Withdrawal
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.
Keywords
- 2-5 years
- Suspicious Regulatory License
- White label MT4
- Global Business
- Australia Appointed Representative(AR) Revoked
- High potential risk
Wiki Q&A
Hhduy 
1-2 years
What withdrawal methods can I use with CMG?
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.
Broker Issues
Withdrawal
Deposit
08-10
United States
PitBull
1-2 years
What leverage options does CMG offer?
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.
Broker Issues
Account
Platform
Instruments
Leverage
07-30
United States
Nagarjuna
1-2 years
Does CMG charge deposit or withdrawal fees?
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.
Broker Issues
Fees and Spreads
07-21
United States
Pushpender Sharma
1-2 years
What are the risks of trading with CMG now that its regulation has been revoked?
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.
Broker Issues
Regulation
05-15
United States
View More
User Reviews 6
No more
Write a review
Exposure
Neutral
Positive
Content you want to comment
Please enter...
Submit now
Comment 6
Write a comment
6
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
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
2024-03-24
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
2023-10-11
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
2023-10-10
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
2022-11-28
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
2022-11-27
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
2022-11-26