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CRMG Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!

CRMG Broker Review

1.56

WikiFX monitor

Business

Influence E

License

NFA Suspicious Clone

CRMG Review 1

Latest All(1) Exposure(1)
Exposure
Fraud broker

Unable to withdraw in CRMG. The interface freezes even if you login.

陈十三3932
2021-06-29

  

CRMG 2025 Review: Everything You Need to Know

  In the ever-evolving landscape of forex trading, CRMG has emerged as a notable player. However, the reviews surrounding this broker raise significant concerns. Users have reported issues with withdrawals and customer service, leading to a generally negative perception of the platform. Notably, CRMG has been flagged as a "suspicious clone" by various sources, indicating potential regulatory and operational risks.

  Note: It is crucial to highlight that CRMG operates under different entities across regions, which can affect its regulatory status and user experience. This review aims to provide a comprehensive analysis based on available data for a fair and accurate assessment.

  

Rating Overview

Category Rating (Out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Setup (Trading Experience) 4
Trustworthiness 2
User Experience 3
Regulatory Compliance 2

  We rate brokers based on user feedback, expert analysis, and available data.

  

Broker Overview

  Founded in 2016, CRMG, short for Commodity Risk Management Group, is based in the United States. The broker primarily operates in the forex market, providing access to various trading instruments. However, it has faced scrutiny for its regulatory standing, with reports indicating that it lacks valid licenses and is considered a "suspicious clone" of other legitimate brokers. The platform does not appear to support popular trading software like MT4 or MT5, which may deter some traders looking for familiar interfaces.

  

Detailed Analysis

  

Regulatory Landscape

  CRMG operates primarily in the United States but has been flagged for lacking proper regulatory oversight. According to WikiFX, it has been identified as a "suspicious clone," raising red flags about its legitimacy. The absence of a credible regulatory body overseeing its operations significantly impacts its trustworthiness.

  

Deposit and Withdrawal Options

  Users have reported difficulties with withdrawals, a common complaint for brokers lacking robust regulatory frameworks. According to the Better Business Bureau (BBB), CRMG has an F rating and has not responded to multiple customer inquiries regarding payment issues (BBB Profile). This lack of responsiveness can lead to frustration and distrust among users.

  

Minimum Deposit and Bonuses

  While specific details about the minimum deposit requirements were not readily available, the absence of attractive bonuses or promotions has been noted. Many users prefer brokers offering incentives to encourage trading, and CRMG does not appear to meet this expectation.

  

Trading Costs

  The cost structure for trading with CRMG remains unclear, with no specific information on spreads, commissions, or fees available in the sources reviewed. This lack of transparency can be a deterrent for potential traders who prefer to understand the cost implications before committing to a broker.

  

Leverage and Trading Platforms

  CRMG does not seem to offer popular trading platforms like MT4 or MT5, which are favored by many traders for their user-friendly interfaces and advanced features. The absence of these platforms may limit the trading experience for users accustomed to more robust tools.

  

Restricted Regions and Customer Support

  CRMG's customer support has received criticism for being unresponsive. Users have reported unanswered queries and a lack of assistance when dealing with account issues. This is particularly concerning for traders who rely on timely support to navigate challenges in trading (BBB Complaints). Moreover, there is no clear indication of the languages available for customer support, which may pose challenges for non-English speaking clients.

  

Final Ratings

Category Rating (Out of 10)
Account Conditions 4
Tools and Resources 5
Customer Service and Support 3
Trading Setup (Trading Experience) 4
Trustworthiness 2
User Experience 3
Regulatory Compliance 2

  In conclusion, the CRMG review indicates a broker that faces significant challenges in terms of trustworthiness, regulatory compliance, and customer service. While it may offer some trading opportunities, the overall user experience is marred by reported issues regarding withdrawals and a lack of responsive customer support. Potential traders should exercise caution and conduct thorough research before engaging with CRMG, considering the numerous red flags raised in various reviews.

CRMG review