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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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