CMC Trust is a new company that many investors are curious about. A lot of them are asking themselves this question: Is CMC Trust legit or a scam? Now, this independent CMC Trust review answers this question, demystifying the true nature of CMC Trust.
CMC Trust is a scam platform that masquerades as an authentic trading platform. Why is it a scam? Find out by reading on this unbiased review of CMC Trust. But first things first, here’s a table showing the company summary:
| Brand | CMC Trust |
| Physical Address | Walchestrasse 9, 8006 Zürich, Switzerland. |
| Email Address | support@cmc-trust.com |
| Trading Account Types | Real accounts. |
| Real Account Types | CMC Trust Standard.CMC Trust+.CMC Trust Gold.CMC Trust Expert.CMC Trust Platinum. |
| Licensing and Regulation | Unlicensed and unregulated. |
| Trading Instruments | Stocks, indices, commodities, forex, and cryptocurrency. |
| Minimum Deposit | Depends on the account type: CMC Trust Standard: $10,000.CMC Trust+: $50,000.CMC Trust Gold:$100,000.CMC Trust Expert:$250,000.CMC Trust Platinum: Contact The Company for More Details. |
| Leverage Level | Depends on the account type: CMC Trust Standard: $1:100.CMC Trust+:1:200.CMC Trust Gold:1:400.CMC Trust Expert:1:400.CMC Trust Platinum: 1:600. |
| Payment Methods | Visa Card, MasterCard, and Google Pay. |
An image showing the CMC Trust broker website.
CMC Trust Review: Proving Why This Broker Is a Scam
1. Broker Avoids USA
The first indication that CMC Trust is a scam is the company’s avoidance of investors located in the United States. Like other scam brokers, including Billnergroup and LunoFX, this broker “fears” doing business with clients found in the US, despite operating on a global scale.
Many legitimate FX (forex) brokers target the global market, providing services to investors from various parts of the world. They often establish a global presence to get the most out of this investment opportunity by reaching a wider client base that the globe has to offer.
On the other hand, scam brokers who operate on a global scale like CMC Trust tend to exclude the US market. This is because the United States government has put in place a more stringent regulatory environment than anywhere else. Through various agencies, it has imposed more severe rules, keeping scammers like CMC Trust at bay. These agencies include the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC).
2. Unlicensed and Unregulated
An unlicensed and unregulated broker isn’t necessarily a scammer. But in my experience, most brokers who have no license and who operate without the oversight of a regulatory authority tend to be scammers. Yet CMC Trust is neither licensed nor regulated, a strong indication of a fraudulent platform.
3. No Telephone Number
It should be noted that a broker who has failed to provide their telephone number isn’t necessarily a scammer. However, one who is unlicensed and unregulated, in addition, is a fraudster. After all, authentic brokers are transparent enough to provide more than one communication channel e.g. an email address alongside a telephone number. It serves clients more conveniently.
4. Scamadviser Report
Another piece of evidence that CMC Trust is a scam is the Scamadviser report. The scam checker website reports that this site has a low trust rating and may not be safe to use, giving it a trust score of 2 out of 100.
It further warns that the website shares the server with a high number of suspicious websites, its registrar has a high percentage of spammers and fraud sites, and it has a suspiciously high number of reviews despite being very young.
5. Trustpilot Reviews
Trustpilot has several CMC Trust reviews, most of which are between 3-star and 5-star, despite the platform being only 1 month old. A business that has many positive reviews on Trustpilot despite being very new raises some suspicion and a few conclusions can be made. One of the conclusions is that the reviews might be fake. After all, Trustpilot isn’t immune to fake reviews as I demonstrated in the ExpertOptions review and the Fxonic Broker review posts. The broker seems to have incentivized every single CMC Trust review on the platform, suggesting that it’s a scam.
6. YouTube Reports
Like other scammers, CMC Trust generally has a bad reputation on YouTube.
The Broker News YouTube channel refers to CMC Trust as an investment nightmare. It points out that this broker with a questionable track record has come under scrutiny. The channel further refers to them as a textbook example of a scammer who wants to prey on investors’ lifetime savings. Here’s the video link: https://www.youtube.com/watch?v=-R40JfQmat8.
Another YouTube channel “Investment Broker Reviews” warns that CMC Trust is an illegitimate trading platform, highlighting several red flags in this company. For example, it highlights that the company operates without regulatory supervision and promises high investment returns. It also reports that there’s no clarity about the company’s operations, fees, and terms of service. It also warns that CMC Trust is owned by individuals who engage in fraudulent activities.
Another YouTube channel “Legitreviewz1” refers to CMC Trust as a horrible scammer, pointing out that many customers complained about depositing money to the platform and receiving no broker services.
7. High Leverage Offers
CMC Trust offers very high leverage levels of up to 1:600, another compelling piece of evidence that this broker is a scam. Don’t get me wrong, a high leverage does not necessarily imply that a broker is shady. However, more often than not, brokers who offer extremely high leverage levels e.g.CMC Trust turn out to be scammers. Usually, they promise these leverage levels to entice unsuspecting investors and get to take away their hard-earned money.
CMC Trust Review Final Verdict
CMC Trust is a scam broker who is hellbent on stealing your lifetime savings. This scammer tries to confuse you with a legit broker known as “CMC Markets. ” Contrary to the latter, they are unlicensed and unregulated, nontransparent, and using fake reviews to mislead potential investors. Investors should avoid this broker, by all means, denying them an opportunity to reap where they did not sow. I hope this authentic CMC Trust review helped you avoid this notorious trickster.
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