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Is CMV Capital's spreads competitive?
Mikhail
Philippines
2023-05-18
ANSWER CMV Capital is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.CMV Capital claims to be operated by CMV Capitals Limited under license number 26407BC2021 issued by the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). However, our search for the company in the SVG FSA registry suggested that it is a false claim as we didn't find any matching records.Regarding your question, we suggest you avoid dealing with CMV Capital since it is not supervised by any regulatory body. It is an unlicensed broker coming with significant risks including loss of funds and identity theft. Once your money is in this platform, there are no rules to protect it. Therefore, we strongly suggest investors stay away from unlicensed brokers like CMV Capital and opt for fully regulated ones instead.
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