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CMG -

Score

1.95 /10
Danger

CMG

Australia

2-5 years

Suspicious Regulatory License

White label MT4

Global Business

High potential risk

https://www.cmgone.com

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Score

Regulatory Index0.00

Business Index5.77

Risk Management Index0.00

Software Index8.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
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Single Core

1G

40G

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Broker Information

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Company Name

CMG AUSTRALIA PTY LTD

Company Abbreviation

CMG

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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CMG · Company summary
CMG Review Summary
Founded1998
Registered Country/RegionAustralia
RegulationNot Regulated
Market InstrumentsForex, Cryptocurrencies, Commodities, Indices, Precious Metals, Oil
Demo AccountYes
LeverageUp to 1:400
SpreadStarting from 0.2 pips
Trading PlatformMT4
Customer Support+61 2 4036 3165
support@cmgau.com

CMG Information

CMG is an online broker with more than 80 instruments, including forex, cryptocurrencies, precious metals, market commodities indices, and others. It offers free demo accounts and live accounts through the MetaTrader 4 (MT4) platform, leveraging high options up to 1:400 and spreads from 0.2 pips. However, it is unregulated.

CMG Information

Pros and Cons

Pros Cons
  • Supports MetaTrader 4
  • Lack of regulation
  • High leverage up to 1:400
  • Limited account choice
  • Offers over 80 tradable instruments

Is CMG Legit?

CMG is unregulated.

Is CMG Legit?

What Can I Trade on CMG?

CMG offers more than 80 types of tradable instruments, including Forex, Cryptocurrencies, Commodities, Indices, Precious Metals, and Oil.

Tradable Instruments Supported
Forex✔
Commodities✔
Oil✔
Indices✔
Cryptocurrency✔
Metals✔
Shares❌
What Can I Trade on CMG?

Account Type

CMG offers two types of accounts: Free Demo Account and Live Account with high leverage options of up to 1:400.

Account Type

CMG Fees

CMG offers clients trading conditions with low spreads starting from 0.2 pips and a commission-free structure.

CMG Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔PC and MobileInvestors of all experience levels
Trading Platform

Deposit and Withdrawal

CMG does not charge fees for deposits or withdrawals using any payment method. Supported funding and withdrawal methods include bank wire transfer, credit or debit cards (Visa or MasterCard), Skrill (Moneybookers), C-Link Solution, CoinZoom (cryptocurrency deposit), Finrax (cryptocurrency deposit), China UnionPay, and B2B transfer.

Deposit and Withdrawal

User Reviews

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Comments

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Benjamin Young
more than one year
the account conditions? I gotta say, as terrible as stale bread in a fancy feast. I got spreads on oil hundreds pips repeatedly. A real test of your endurance, like a never-ending marathon.
the account conditions? I gotta say, as terrible as stale bread in a fancy feast. I got spreads on oil hundreds pips repeatedly. A real test of your endurance, like a never-ending marathon.
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2023-10-11 10:07
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Max Lewis
more than one year
Between the crazy high minimum deposit, glitchy platform, misleading spreads and wild slippage, CMG just didn't work for my trading style. Maybe it makes sense if you a big baller with tons of capital to risk. But for average folks just trying to grow a small account, way too many obstacles to recommend.
Between the crazy high minimum deposit, glitchy platform, misleading spreads and wild slippage, CMG just didn't work for my trading style. Maybe it makes sense if you a big baller with tons of capital to risk. But for average folks just trying to grow a small account, way too many obstacles to recommend.
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2023-10-10 17:16
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