If you check the website of CMMCI Securities, you might be amazed by the interface. Everything looks friendly and transparent. You can see immediately what is the minimum deposit, leverage, etc. What you do not see, and it’s much more important, is the CMMCI Securities regulation and headquarters. In case of an issue, this is the only thing that matters for you as an investor.
We decided to show it to you in our CMMCI Securities review.
|Regulated by:||No regulation|
|Owned by:||CMMCI Securities Information Company Ltd|
|Types of Assets:||Forex, commodities, indices|
|Free Demo Account:||No|
|Accepts US clients:||No|
CMMCI Securities Regulation and Security
The broker is allegedly owned by CMMCI Securities Information Company Ltd and based in the UK. However, we couldn’t verify this information in the UK’s company register or the FCA register. None of these has the name CMMCI Securities listed. Long story short, the company is not regulated and, most likely, not even UK-based. It’s just a well-prepared scheme for clients.
Issues With Fund Withdrawals
Since the broker is not regulated, there is one question to ask – could you withdraw your funds. And the answer to this question is no, you cannot. Many CMMCI reviews and many clients say the same; withdrawals are a nearly impossible and too complicated process.
All the trades are executed on the MT5 trading platform. The broker offers trading with currency pairs, commodities, and indices only. The leverage is 1:100, which is higher than any regulated broker can offer. As you can see, trading conditions are not ideal.
The minimum deposit with the company is $1,000, while payment methods are not disclosed. There is nothing on withdrawals as well. So, if you wish to deposit your funds, not just will you pay an unbelievable $1,000, but you might pay fees you have no clue about.
Do not fall for the CMMCI scam.
How Does Online Trading Scam Work?
If you’ve ever registered for an ad about trading, you know you’re about to get a phone call. In this call, you’ll be promised anything just to make a deposit. But, here comes the catch. Once you deposit with a company such as CMMCI with no regulation or transparent headquarters, you have nobody to complain to in case of an issue. And the broker knows it well. That’s why companies like CMMCI Securities are exploiting their clients without an actual intention to help them make a profit.
Do not provide your credit card details over the phone; make sure your funds are safe!
Scammed by CMMCI?
If you were scammed by CMMCI Securities, there is a possibility of getting your money back. First, you need to file a dispute and request a chargeback.
But what is a chargeback? It’s a way of refunding your card in case you were scammed online. In order to file a successful dispute, contact our support via chat. Book the free consultation and get all the assistance you need.
What is CMMCI?
CMMCI Securities is an online trading brokerage without a license.
Is CMMCI a scam?
CMMCI broker has no regulation for providing financial services.
Is CMMCI regulated?
No, the broker is not regulated by any authority body.