The Financial Services Authority of Seychelles (FSA) issued a warning against CGMA Trade, saying the website "https://cgma-trade.com/" is not linked to any entity licensed or regulated by the FSA in any capacity: https://fsaseychelles.sc/media-corner/regulatory-updates/alert-unauthorized-use-of-website-the-unlawful-website-7

CGMA Trade claims to be operated by Cgma-trade (Seychelles) Ltd., which is supposedly licenced by the Financial Services Authority Seychelles (FSA) to provide broker-dealer services under "Kayser Ltd". When we searched Kayser Ltd on the website of the Seychelles FSA, there did show a company named Kayser Ltd listed as a securities dealer. However, the Seychelles FSA has issued a warning against CGMA Trade, revealing that this broker's website is not linked to any entity licensed or regulated by the FSA in any capacity. That means CGMA Trade has no relationship with Kayser Ltd. In addition, CGMA Trade also claims to be under "Maxwealth Fund Management Co., Ltd". But we have contacted Maxwealth Fund's customer service and confirmed Maxwelth Fund currently has no extra trading platforms. Therefore, what CGMA Trade claims is a false statement to unsuspecting investors.

The truth is, CGMA Trade is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.