CMCU Forex Broker

CMCU Review SummaryFounded2025Registered Country/RegionAustraliaRegulationASIC (Exceeded)Products & ServicesSavings, loans, and travel-related productsDemo Account❌Trading Platform/Minimum Deposit$5 per monthCustomer SupportContact formPhone: 03 5744 3713/1800 648 027Email: info@centralmurray.bankLocation Address: 58 Belmore Street, Yarrawonga Vic 3730Facebook, Instagram, Linkedin CMCU, founded in 2025 in Australia, offers diverse financial services like savings, loans, and travel - related products. It has various account types for individuals and businesses. However, its ASIC license has been exceeded. Also, its complex fee structure and new-entrant status can also deter some clients. Here is the home page of this brokers official site:Pros and ConsProsConsVarious account types for targeted clientsExceeded ASIC licenseSocial media presenceNewly establishedSecurity methods offeredComplex fee structureIs CMCU Legit? CMCU provides a variety of ways to ensure the security of its clients. These methods include safeguarding your Member Number and Access Code, being vigilant against fraudulent emails, properly logging in and out of the system, and implementing virus and spyware protection. However, CMCUs license of the Australian Securities and Investments Commission (ASIC) (Investment Advisory License, No.239446 ) has been exceeded.Regulatory StatusExceededRegulated byAustraliaLicensed InstitutionCentral Murray Credit Union LimitedLicensed TypeInvestment Advisory LicenseLicensed Number239446Products and Services CMCU offers various financial services including savings, loans, investment, insurance, financial planning and sort out your travel products such as cash passport, travelx foreign cash, and covert foreign transfers.Account Type CMCU provides three types of accounts for individuals: Transactional, Saving, and Youth accounts. Meanwhile, for business brokers, there are three options available: Business, Premium Business, and GST accounts. Thus, you can select the appropriate account type based on your objectives.CMCU Fees CMCU charges $5 monthly access fee for most account types. Besides, it also charges other fees for each account. For example: Transaction Accounts:Account TypeMonthly Access FeeMonthly Fee for Sub - accountsFee - free Transactions per MonthS8 (Everyday Account (S10))$5.000UnlimitedS10 (Mortgage Offset)S65 (Single Pension Account)S66 (Joint Pension Account) Savings Accounts:MethodMember RebateS1 SavingsS4 BudgetS5 Xmas ClubS15 Notice of WithdrawalCash Withdrawal (In branch per transaction)✔$2.50BPAY Transaction (In branch and future payment per transaction)$0.50Direct Debit (Per transaction)$0.20Electronic Transfers (In branch and future payment per transaction)$0.50OSKO (Future payment per transaction)$0.20Staff assisted transfers (In branch per transaction)$2.50 You can learn from clicking: https://www.centralmurray.bank/personal-banking/fees-charges-and-rewards/