TradeCMF Review – Pushy In The Way Only Fraudsters Can Be

A brokerage site promising to turn your trading dreams into reality is a site you should run far away from. Despite the deceptively attractive front and a false professional approach, this scheme runs on nothing but pure spite and malice. 

After all, the prominent regulatory houses that have blacklisted them prove that there’s no trusting this unlicensed financial service provider. Read this TradeCMF review for a detailed insight into an unscrupulous project run by anonymous and beyond anything greedy cyber criminals.

Financial Watchdogs Say Scam

The alleged corporate information found on CMF Group LTD is entirely fictitious, considering that not even a jurisdictional regulator in Marshalls, GLOFSA, has any information on this firm. 

While attempting to determine where they could be regulated, we consulted several reputable regulatory institutions and only found warnings. You see, Tier 1 regulators like CNMV, CONSOB and FSMA have all said the same about this business: they’re illicit and offer products and services without owning a license.

Situation cannot be clearer – this domain does nothing but defraud victims for their own benefit. Without financial compensation plans, leverage limitations and segregation of funds, you simply cannot trust to get good treatment from this firm.

Make sure you also read about FxOnUs. Being also located in a gray zone of Marshalls, they can’t be any less trustworthy.

Spanish Speaking Areas As Targets

Whois statistics show that the domain has been operating since February 2022. During the last eight months the majority of their victims turned out to be traders and investors from these countries:

• Spain
• Colombia
• Peru

Selling unrealistic hopes and dreams of becoming rich overnight, the scam agents relentlessly call their victims over the phone, flood their email inbox or stalk them on social networks. These tactics turn especially powerful and destructive when used in the process of a so-called Pig Butchering scam. 

This form of manipulation is particularly present on social media where the fraudster first gains the victims trust and then abuses the emotional attachment of the victim. It is wise not to access the overly attractive deals and choose a well-regulated service provider instead.

Unrealistic Trading Parameters

With all of the claims about making you rich in no time, the TradeCMF scam also insists on providing the best trading conditions on the market. 

These include abnormally high leverage of 1:500, which is anything but safe. Additionally, the starting spreads are set to 1.9 pips on major Forex pairs, while they go as low as 0.6 pips, but you have to pay a million dollars for that first!

The fee for maintaining a trading account is $50 per month, in case the account has been inactive for over 30 days.

Company Bonus Policy

While this broker never openly advertises any bonuses, their bonus policy is clearly defined in the Client Agreements document. As expected, it’s purposely tailored to prevent any withdrawals from the platform. 

The company requires a turnover equal to the bonus times 35 for deposit bonuses under 50%, and bonus times 40 for bonuses over 50% of the deposit. Even with the cheapest account and lowest bonus, the trading volume requirement is borderline impossible to reach.

Features Not As Advertised

Overall trading features seem favorable, but we need to remember that we’re dealing with a known fraudulent site here. 

Trading accounts are unreasonably expensive, and the availability of trading software is below the industry standard. While the trading instruments offer some diversity, there is no demo account for risk-free speculation.

Basic Trading Software

The main TradeCMF platform is a web trader, with an interface that is simple, yet incredibly counterintuitive to use. A selection of assets is provided, with a simplistic charting algorithm.

Some of the assets we’ve seen from the table show unrealistic market shifts. This tells us the con artists simply invent their own numbers and don’t rely on an external source for market data.

Although a separate desktop platform exists, our antivirus software prevented us from downloading the installation file.

Below Average Offer Of Assets

With nothing particularly exotic to trade on, the firm supplies these financial products for trading:

• CFDs on Stocks (Boeing, Facebook, Ferrari)
• Forex (EUR/USD, EUR/CHF, USD/GBP)
• Commodities (Soybean, Copper, Silver, Gold)
• Indices (S&P 500, DAX 40, FTSE 100)
• Crypto (BTC, ETH, LTC, XRP, NEO, IOTA)

Millions Required To Buy Accounts

The TradeCMF accounts are anything but affordable or modest. Unrevealed features cost an arm and a leg to acquire and it’s a question if they even exist. This is beyond ridiculous, considering that customers do not even know what they’re buying. Here’s the price list:

• Basic – 500$
• Gold – 10,000$
• Platinum – 50,000$
• VIP – 1,000,000 $
• Robo Trading – 5,000 $ minimum

Obstructive Withdrawal Policy

TradeCMF withdrawal is handled through the client dashboard, and the preferred method for the company is bank wire transfer. Additionally, clients may request a payout by credit card.

The clients need to satisfy a turnover requirement on their account before the company will allow any payouts. These are governed by deposit bonus rules, as we’ve discussed earlier in our TradeCMF review.

With the difficult payout policy, the fraudsters have made it difficult for any paying customer to withdraw any funds from their balance. Starting a chargeback process might be the only option, and you can do so with the help of our legal professionals.

Illusion Of Supportiveness

The fraudulent bunch running the website in question encourages you to contact their customer service at any time you wish and whatever your issue is. For such purposes, several communication channels were enabled:

• Phone
• Email
• Online Form
• Office Address

Do not be fooled by the deceptive friendliness – the cons do not wish to reply or be contacted at all. Another offshore scheme that will earn your trust then leave you hanging is GoldenrodFX.

Got Scammed? We Provide Straightforward Help!

Blacklisted trading portals are not places opened for Forex carrier building. Nothing but lies and deceit await you on these websites. The most efficient help you can get is on our website if you wish to regain control over your capital lost to cyber thieves. 

Please contact us any hour or day via the live chat or the online form in the bottom of this page. We provide extensive legal support to victims of fraud and can advise you on how to issue a chargeback. Our solution is within the reach of your fingertips!

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