Score
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
United Kingdom Investment Advisory License Revoked
Suspicious Overrun
High potential risk
Add brokers
Comparison
Quantity 12
Exposure
Score
Regulatory Index0.00
Business Index7.57
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
More
Company Name
City of London Markets
Company Abbreviation
CLMFX
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
Fraud platform with slippage.
The platform induced me to deposit and banned my account after I made a profit.The withdraw was unavailable.Only by signing the indecent agreement,can I get back the fund.
I started trading since May this year. I deposited $15000. I traded a large order, thinking that no matter the result would be, I would accept it. I earned $14000. But they wiped my profit and my balance reduced to $9000. I called them, but they said everything is fine. God damn it.
I deposited $15000 or so on May 8th or 9th and traded on 10th.I traded a lot,with losses and profits.There was $14000 profit in my account after I closed position.Within 5 minutes,my all profit were deleted,remaining $9000.I regarded it as a system bug and logged in again.It is the same.I called CLMFX’s client manager.He said that there was no profit in my account.What???Mt profit was gone!!!!After I made a complaint,they just compensate me the fund.I was speechless.How dare you to modify my profit?Are all forex platform like this?
I couldn’t withdraw fund. The platform has absconded, which is a rip-off. Stay away.
I deposited fund in CLMFX .After I made a profit,it deleted all my profit record.Now it has changed its name into Guangzhou Yangxin Advertising Co., Ltd..Don;t be cheated.
I deposited $15000 in my account 8000905 and traded. My account was banned the next day and I can’t withdraw. I contacted the manager, but he didn’t response. I found their office in Shanghai. After a three-month negotiation, they promised to give me some of my principal after signing all kinds of contracts. I heard there are many people being scammed.
CLMFX swindles clients’ money! After complaining about the third-party company, my account has now been frozen and cannot be deposited. Don't continue to be deceived, or you won't be able to withdraw money. The staff called me, saying to refund me 30%. Do your staff earn money like that? Instead of relying on the true ability, you use this kind of dirty ways to earn the client’s money. The boss has approved to give the money back, and the staff is still bargaining for a price? If the problem has been solved, I won’t let it go! You ate crayfish party on weekends, and you say you are poor ? Are you really poor? If so, you have the money to change the company venue? Everyone thinks that this behavior? The company has no logo, which is so informal. And it is so reasonable to erase profit? Ha ha……
They wiped all my balance after I made a profit. Such a scam platform! They said they are big and legit on FX110 website. Trash!
Neither the withdrawal nor the commission is available.They even dare not to hang the company logo.They said they had no money,but they often throw party at weekends.It also changed its address. Is this the performance of no money?Let us get united nad safeguard our rights.
In May, CLMFX's account manager contacted me, introducing the platform and saying that the platform under UK's regulation platform promises that the funds were absolutely safe. I then opened a trading account and deposited the funds. After I gained profits, the account could not be logged in. And the money could not be withdrawn from the background. The platform customer service personnel were gone after accusing me of irregular trading. Now investors everywhere have the same problem.
On April 24th,2019.I deposited $10000 in CLMFX,trading for 0.03 lot in all.On the afternoon of 25th,my account was disable suddenly.The platform sent me an email,notifying me that my account was under illegal trading.How could be! I just traded for 0.03 lot to test the leverage and check the margin.Then a woman,self-proclaimed as the staff of ATFX to address problem,called me and asked me to sign a contract to admit the illegal trading in my account.Only by pressing the handprint and taking photos by holding ID card,can I withdraw my fund.How could be? I just traded for 0.03 lot.Did you give me the agreement to sign when I deposit money? You made my account disabled,giving no access to withdrawal,and even imposing a crime of illegal trading! At least you should deceive us reasonably! Hope WikiFX punish these rotten apples in China!
Note: CLMFX's official website: http://www.cityoflondonmarkets.com/ is normally inaccessible.
CLMFX is a brokerage company registered in the United Kingdom. While the broker's official website has been closed, so traders cannot obtain more security information.
CLMFX is authorized and regulated by the Financial Conduct Authority(FCA), the current status is Revoke, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company.
After a Whois query, we found that this company's domain name is for sale, showing that CLMFX has not registered it securely.
The website of CLMFX is inaccessible, raising concerns about its reliability and accessibility.
Since CLMFX does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.
The FCA regulates CLMFX. However, the Revoke status is less safe than a regulated one.
According to a report on WikiFX, a few users encountered significant difficulties with fund withdrawals. The issue remained unresolved despite the request being pending for a long time.
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders must review the information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
Currently, there are more than 10 pieces of WikiFX exposure in total.
Exposure. Cannot withdraw
| Classification | Unable to Withdraw |
| Date | 2018-1020 |
| Post Country | Hong Kong, China |
You may visit: https://www.wikifx.com/en/comments/detail/202001168582834699.html https://www.wikifx.com/en/comments/detail/208058686110286.html.
CLMFX Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Revoke status and unregistered domain name indicate that the broker's trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.
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