Cmarket Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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Beware of this fraud platform. I applied for withdrawals last August. But I haven’t received it yet. The customer service and the trader who guided me all blacklisted me and can’t be reached
Cmarket has garnered significant attention in the forex trading community, but the consensus from various sources suggests a predominantly negative reputation. This broker is notably unregulated, raising concerns about the safety of funds and the integrity of its operations. Users have reported issues ranging from withdrawal difficulties to unresponsive customer service, making it imperative for potential investors to proceed with caution.
Attention: It is important to note that Cmarket operates under different entities across various jurisdictions, which complicates its regulatory status. For fairness and accuracy, this review consolidates findings from multiple reputable sources to provide a comprehensive overview of Cmarket.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
How We Rate Brokers: Ratings are derived from a synthesis of user experiences, expert opinions, and factual data from multiple sources.
Cmarket, also known as Cmarket.cc, claims to offer forex, CFD, and cryptocurrency trading services. Established in an unspecified year, the broker presents itself as a global entity with a registration address in the United Kingdom, though it lacks credible regulatory oversight. The trading platform available is MetaTrader 4 (MT4), which is widely recognized in the trading community. However, the absence of regulatory backing raises significant red flags for potential users.
Cmarket is not regulated by any recognized financial authority, which is a major concern for potential traders. Regulatory bodies like the FCA (UK), ASIC (Australia), and BaFin (Germany) enforce strict guidelines to protect investors, but Cmarket does not fall under their jurisdiction. Multiple sources, including the CNMV (Spain) and FMA (Austria), have flagged Cmarket for fraudulent activities, indicating a high risk for investors.
Cmarket requires a minimum deposit of $250, which is relatively low compared to other brokers. However, users have reported issues with withdrawals, often citing delays and unresponsive support. According to Reliable Forex Broker, many clients have found themselves unable to access their funds after making deposits.
Cmarket offers various account types, including micro, classic, silver, gold, and platinum accounts, with bonuses that can reach up to 90%. However, these bonuses often come with stringent withdrawal conditions, making it difficult for users to access their funds. As noted by Forex Brokerz, such practices are common among unregulated brokers and should be approached with skepticism.
While Cmarket advertises a leverage of up to 1:200 and spreads starting from 2 pips, these figures are not competitive compared to regulated brokers. Users have reported higher-than-average spreads, which can significantly impact trading profitability. The lack of transparency regarding fees and commissions further complicates the trading experience.
Cmarket claims to offer a wide range of trading assets, including forex pairs, commodities, stocks, indices, and cryptocurrencies. However, the absence of regulatory oversight raises questions about the legitimacy of the asset offerings and their underlying value.
Customer service has been a significant pain point for users of Cmarket. Multiple reviews indicate that support is often unresponsive, with traders struggling to get timely assistance when issues arise. According to Broker Complaint Registry, users have reported being unable to contact support when attempting to withdraw their funds.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
Account Conditions (3/10): Cmarket offers multiple account types with varying minimum deposits, but the lack of regulation and withdrawal issues severely undermine its appeal.
Tools and Resources (4/10): The availability of MT4 is a positive aspect, but the overall resources provided for traders are limited and lack depth.
Customer Service and Support (2/10): Users have consistently reported poor customer service experiences, making it difficult to resolve issues effectively.
Trading Setup (3/10): While Cmarket offers a familiar trading platform, the lack of transparency regarding costs and regulatory status diminishes the trading experience.
Trustworthiness (1/10): The absence of regulation and multiple warnings from financial authorities make Cmarket a high-risk option for traders.
User Experience (2/10): Overall user feedback indicates dissatisfaction with Cmarket, primarily due to withdrawal difficulties and unresponsive support.
In conclusion, the findings from this Cmarket review suggest that potential investors should exercise extreme caution when considering this broker. The lack of regulation, poor customer support, and negative user experiences highlight significant risks that could jeopardize your investment. Always prioritize regulated brokers with a proven track record to ensure the safety of your funds.
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