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Regarding the legitimacy of SCM forex brokers, it provides CYSEC and WikiBit, (also has a graphic survey regarding security).

Is SCM safe?

Rating Index

WikiFX Detection

Business

Field Survey Danger

License

CYSEC Revoked

Is SCM markets regulated?

The regulatory license is the strongest proof.

STP

CYSEC Straight Through Processing (STP)

Cyprus Securities and Exchange Commission

Cyprus Securities and Exchange Commission

Regulatory Agencies Introduction

  • Current Status:

    Revoked

  • License Type:

    Straight Through Processing (STP)

  • Licensed Entity:

    SPOT CAPITAL MARKETS LTD SPOT CAPITAL MARKETS LTD

  • Effective Date:

    2013-08-20

  • Email Address of Licensed Institution:

    infoscm@spotcapitalmarkets.com

  • 53748:

    No Sharing

  • Website of Licensed Institution:

    http://www.spotcapitalmarkets.com/， www.cardinalmarkets.com， www.cbfinvest.com， www.moboption.com， www.nobleoption.com， www.optionweb.com， www.youoption.de， www.cfdhouse.com

  • Expiration Time:

    --

  • Address of Licensed Institution:

    --

  • Phone Number of Licensed Institution:

    --

  • Licensed Institution Certified Documents:

    Annex1 Annex2
11 name

Is SCM a scam, or is it legit?

The latest exposure and evaluation content of SCM brokers.

Unable to withdraw money from SCM, and the account is suspended for no reason
I applied for withdrawing money, but the request has not been under verification. My account is suspended for no reason. Their service number and email are fake. Hope the relevant department can investigate the scam platform.
This is a clone company.
Their website is www.spot-capitalmarkets.uk/, which cloned SCM. They claimed to be regulated by CYSEC under the reference No.210/13 and their website is supported by Shanghai Lingyi Information Technology Co., Ltd. I deposited but now I can’t withdraw. Their transaction channel is PEX. Somebody should punish this scam platform.

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SCM latest industry rating score is 1.57, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. 1.57 If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.

SCM safe