Capital Markets Group review – 5 things you should know about cmgone.com

Beware! Capital Markets Group is an offshore broker! Your investment may be at risk.

RECOMMENDED FOREX BROKERS

Visit Site

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Capital Markets Group’s website had a certain iffy element to it that kept us on edge, until we discovered that this so-called broker is a thief and a scam. Read on to find out more.

Capital Markets Group states to be fully incorporated in Saint Vincent and the Grenadines. But seens what we discover next would basically make this alleged registration useless. Not to mention that Saint Vincent and the Grenadines is the most popular FX scam jurisdiction in the world, and there is no local regulator in place to oversee brokerages.

Capital Markets Group behaves legit throughout, but lack of license to support this behavior. Not until later did we realize that we were fooled by one of the oldest trick in the book. At one point we notices the logo of a big broker, AxiTrader, being thrown in the website, and later the holding company of Capital Markets Group turned out to be none other than AxiTrader Limited. But this is definitely not tru, since Axi is a legitimate entity and a very good and solid broker.

In other words, Capital Markets Group has stolen some of the legal details from Axi, as well as certain website design choices and trading and payment information, making it a clone firm of an otherwise regulated broker. For instance, the Manchester City Football Club endorsement is solely owned by Axi.

So, Capital Markets Group is an utter scam and an unregulated broker without a doubt.

Capital Markets Group Trading software

We confirm that the is offered here, but unfortunately we were not able to open an account, Even though there was a demo account, we did not want to risk opening the MT4 because unlicensed brokers are known to include malwares into their links, and as we have seen Capital Markets Group is a clone and a full scam!

The MT4 is one of the best in the word, with countless options and features, but the fact that Capital Markets Group is unregulated is enough to deter anyone.

The MT4 here is available as a desktop software and a web trader.

Capital Markets Group Trading instruments

According to the website, the available assets are forex currency pairs, indices, commodities, oil, precious metals, and shares. Please keep in mind that the broker is a scam and therefore we cannot be sure that these are the actual assets.

Capital Markets Group Spreads and cost of trading

There were no spread details revealed anywhere, not on the website, nor anywhere else. Usually, the average spread is around the 1.5 pip mark, but many brokers are trying to go lower than that in order to boost their numbers.

Capital Markets Group Maximum leverage

The leverage is capped at 1:30 for retail investors, and up to 1:400 for pro users. This is a common thing with regulated EU broker, which is what the Axi broker is. So, the leverage situation can be taken as further proof that Capital Markets Group is a clone firm!

Capital Markets Group Deposit and withdrawal methods

According to the website,  the available deposit and withdrawal methods are bank transfer, credit cards, debit cards, Skrill, C-Link Solution, CoinZoom, Finrax, China UnionPay, and B2B Transfer. There are no deposit fees. Deposits are instant, except for bank where it may take 5 days tops and CoinZoom where it may take up to 3 days to process.

All withdrawal requests are said to be processed within 1-2 days, aside from bank based withdrawals where the process can take between 2-5 days.

This payment info is from the site, so there is no guarantee that is is accurate.

Capital Markets Group Minimum deposit

There was no minimum deposit revealed anywhere. With legit brokers, the new tendency is to offer as low a deposit as a broker can afford without compromising too much, and scammer tend to do so as well, even if for completely different reasons.

Capital Markets Group Withdrawal requirements

There are tons of fees and commissions conditions mentioned throughout the broker, so bear with us.

• First off, there are apparently no deposit and withdrawal fees, at least none issued by the broker in the classic sense. However, there may be payment system fees.
• There is a commission on Neteller and credit card transaction if the user surpasses the $50 000 deposit mark in the span of a month, which to us is an unnecessary thing altogether.
• The so-called “common” fees included by the broker in the legal docs, mind you all undisclosed in terms of values, are said to be commissions on pro-accounts, margin-related funds, admin fees, interest rates by debit balances.
• There is a fee, sort of, that is applied if the user has not traded a sufficient amount prior to withdrawing, or the so-called “turnover requirement”.
• Additional fees exists, but none of them are clarified.

Basically, if investing here, the user will lose all the money before trying to withdraw to all these shady fees and commissions.