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TRADECMF

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Operating status: SCAM

Website: https://www.tradecmf.com/

Broker violations and abnormal records
  • 2023-10-08 The CNMV adds TRADECMF to its warning list

    On October 9, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added TRADECMF to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=1

    On October 9, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added TRADECMF to its warning list for providing investment services without authorization. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=1
  • 2023-10-12 BrokersView has reviewed that TRADECMF is an unregulated broker

    TRADECMF claims to be operated by CMF Group LTD, a company registered with the Marshall Islands Registry (IRI) under number 92240.

    However, our search for the forex broker in the IRI register didn't yield any matching results. This means it falsely claims to be registered. What's more, even its registration were true, it remained unlicensed as the IRI merely acts as a privately held maritime and corporate registry service provider. It has no authority in financial markets.

    More importantly, the Comisión Nacional del Mercado de Valores (CNMV) has added TRADECMF to its warning list for providing investment services without authorization.

    In essence, TRADECMF is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    TRADECMF is unequivocally a scam.

    TRADECMF claims to be operated by CMF Group LTD, a company registered with the Marshall Islands Registry (IRI) under number 92240.However, our search for the forex broker in the IRI register didn't yield any matching results. This means it falsely claims to be registered. What's more, even its registration were true, it remained unlicensed as the IRI merely acts as a privately held maritime and corporate registry service provider. It has no authority in financial markets.More importantly, the Comisión Nacional del Mercado de Valores (CNMV) has added TRADECMF to its warning list for providing investment services without authorization.In essence, TRADECMF is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. TRADECMF is unequivocally a scam.

Related Complaints

Q&A

Is scalping allowed in TRADECMF?

ashok nagvenkar
Liechtenstein
2023-10-31
ANSWER We strongly suggest you avoid TRADECMF, despite the seemingly attractive deals it offers. It is an unlicensed platform that poses significant risks to investors.TRADECMF purports to be managed by CMF Group LTD, a firm registered with the Marshall Islands Registry (IRI) under the number 92240. However, our investigation into the forex broker's presence in the IRI register found no corresponding entries, indicating that its claim of registration is false. Furthermore, even if it were registered, it would still lack a license, as the IRI only serves as a privately owned maritime and corporate registry service provider and does not have jurisdiction over financial markets.It's worth noting that the Comisión Nacional del Mercado de Valores (CNMV) has included TRADECMF on its alert list for offering investment services without proper authorization.In summary, TRADECMF is not overseen by any regulatory body. Investing with this broker poses a substantial risks due to the absence of legal protections to secure investors' funds. Therefore, to mitigate these risks, it is advisable to stay away from unlicensed platforms like TRADECMF and opt for fully regulated ones instead.
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