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FX CMB

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Operating status: SCAM

Website: https://www.fxcmb.com/

Broker violations and abnormal records
  • 2023-09-11 The UK FCA issues a warning against FX CMB

    On September 12, 2023, the Financial Conduct Authority (FCA) issued a warning against FX CMB, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/fx-cmb-fxcmbcom

    On September 12, 2023, the Financial Conduct Authority (FCA) issued a warning against FX CMB, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/fx-cmb-fxcmbcom
  • 2023-09-12 BrokersView has reviewed that FX CMB is an unregulated broker

    FX CMB claims to be operated by Wallwood Capital Management Limited in its "Risk Disclosure". Since FX CMB is allegedly domiciled in Cyprus, we searched for the company in the Cyprus Securities and Exchange Commission (CySEC). However, there are no records to support its legitimacy in the forex trading market.

    Furthermore, the Financial Conduct Authority (FCA) has issued a warning against FX CMB, believing this broker might be providing financial services or products without proper authorization.

    In essence, FX CMB is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    FX CMB is unequivocally a scam.

    FX CMB claims to be operated by Wallwood Capital Management Limited in its "Risk Disclosure". Since FX CMB is allegedly domiciled in Cyprus, we searched for the company in the Cyprus Securities and Exchange Commission (CySEC). However, there are no records to support its legitimacy in the forex trading market.Furthermore, the Financial Conduct Authority (FCA) has issued a warning against FX CMB, believing this broker might be providing financial services or products without proper authorization.In essence, FX CMB is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. FX CMB is unequivocally a scam.
  • 2024-02-04 The FCA issues an updated warning against FX CMB

    On February 5, 2025, the Financial Conduct Authority (FCA) updated its warning about FX CMB, disclosing more details concerning this scam. https://www.fca.org.uk/news/warnings/fx-cmb-fxcmbcom

    On February 5, 2025, the Financial Conduct Authority (FCA) updated its warning about FX CMB, disclosing more details concerning this scam. https://www.fca.org.uk/news/warnings/fx-cmb-fxcmbcom

Related Complaints

Q&A

What is your rating for FX CMB? I would appreciate your profesional insights.

Andra Ripamonti
Canada
2023-10-19
ANSWER FX CMB is a fraudulent platform that poses significant risks to investors.FX CMB claims to be regulated by the Financial Conduct Authority (FCA). However, this claim is denied by the UK financial watchdog in a warning against the platform. The FCA clarified that FX CMB is an unauthorized firm illegally targeting British investors.Furthermore, CX CMB, in its Risk Disclosure, mentioned a company called Wallwood Capital Management Limited. It is unclear whether CX CMB is affiliated with this company. Since CX CMB purports to be located in Cyprus, we searched the register of the Cyprus Securities and Exchange Commission (CySEC) for the broker. However, neither "CX CMB" nor "Wallwood Capital Management Limited" is included in the register. As such, CX CMB is financially registered in this jurisdiction.Given those negative signs, FX CMB is a scam. Entrusting it with investors' funds and personal information is highly risky, as there are no rules in place to protect traders' interests. To mitigate the risks of fraud and identity theft, it is recommended to steer clear of unlicensed brokers like FX CMB and instead choose reputable, fully regulated ones.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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