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Pros

Established broker with several years of experience in the financial services industry.
Offers online customer service support in multiple languages, enhancing accessibility for clients.
Provides various account types tailored to different client needs.

Cons

Low overall rating and regulatory concerns, indicating potential risks for traders.
Customer service may have long waiting times for responses, which can be frustrating.
Lacks support for popular trading platforms like MT4/MT5, limiting trading options for users.

CMCU broker Accounts

CMCU Account Type

CMCU offers a variety of account types tailored to meet the needs of different customers. The accounts available include:

  • Personal Accounts:
    • Transactional Accounts: Designed for everyday banking needs, these accounts provide unlimited fee-free transactions each month with a monthly access fee of $5.00.
    • Savings Accounts: Options include the S1 Savings, S4 Budget Savings, S5 Xmas Club, and S15 Notice of Withdrawal accounts, each supporting various transaction methods with fees ranging from $0.20 to $2.50.
    • Youth Accounts: Specifically for younger members, offering fee-free banking experiences for individuals under 18 and special options for those aged 12 to 21.
    • Business Accounts:
      • Business Account: Monthly access fee of $5.00, with unlimited fee-free transactions.
      • Premium Business Account: Similar to the standard business account but may offer additional features.
      • GST Account: Aimed at streamlining tax-related finances, it has no monthly access fee and offers member rewards.

      CMCU Broker Account Opening Process

      Opening an account with CMCU is a straightforward process that involves the following steps:

      • Visit the Official Website: Go to cmcu.com.au.

      • Click on 'Open Account': Locate the registration button on the upper right corner of the homepage.

      • Set Up a Profile: Fill in your personal information, including your name, email address, contact number, and any other required details.

      • Complete the Registration: Submit your application and wait for confirmation.

      • Fund Your Account: After your account is approved, deposit a moderate sum of money to start trading.

      • Begin Trading: Use your funded account to explore various trading opportunities in the financial markets.

      • For any inquiries or assistance, you can contact CMCU at +61 03 5744 3713 or via email at info@cmcu.com.au.

CMCU accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
CMCU Account