Capital Markets Banc CMB Review 2024

What is Capital Markets Banc CMB?

Capital Markets Banc (CMB) is a trading platform for forex, binary options, commodities, indices, currency pairs, and stocks. It provides a social trading platform for auto trading. It features an economic calendar, financial calculator, market analysis, forex calculator, auto chartist, and trade signal tool. CMB is an offshore broker. Your money is not safe. Regulation: No Guaranteed funds: No Segregated accounts: No Minimum deposit: $250 Leverage: 1:200 Spread: 3. Clients of CMB are offered a choice of several account types. The Minis & Standard accounts provide fixed spreads, leverage up to 1:200 and micro tradeable lots. Variable spreads are offered on Pro & ECN accounts, which require significantly higher initial deposits. While a minimum initial deposit of $250 is average, the spreads offered on CMB’s Mini & Standard accounts are very high, fixed at 3 pips on EUR/USD. Most fixed-spread brokers offer spread of 2 pips for this pair and some even less. For example, easyMarkets ’ spread is fixed at 1 pips on EUR/USD, and besides, the company operates on the basis of a license issued by the Cyprus Securities and Exchange Commission (CySEC), while CMB is not authorized by any authority to provide financial services. CMB is a forex and binary options broker, operating out of Dominica – an offshore destination where brokerage services are not regulated. Doing business with unregulated (offshore) brokers is extremely risky and we advise traders to avoid such companies and to select among brokers licensed by the respective authorities in the UK, or Australia for example. Besides, the broker is already in the warning lists of several regulators. The Italian financial regulator, CONSOB, has issued a warning against CMB and Joshua Development Ltd., operating through the website www.capmb.com, for soliciting clients without authorization. UK’s financial watchdog also added it to its warning list of unauthorised brokers that target people in the UK. In addition, most user reviews in the famous forexpeacearmy site (FPA) claim that CMB does not allow withdrawals and that it is a scam broker. Considering the above said, you’d better stay away from Capital Markets Banc (CMB). Another thing that raises a red flag with this broker is that the information on its website is incomplete. In the “Why us” section it is written that CMB’s clients can trade over 175 products ranging from Currencies, Commodities, Indices and Stocks to Binary Options, using their desktop, tablet or smartphone devices, but there is no information about the platform. So, we don’t know whether the broker supports the industry’s standard MetaTrader 4 (MT4) or another platform.

What is the Review Rating of Capital Markets Banc CMB?

What are the Pros of Capital Markets Banc CMB?

Capital Markets Banc (CMB) is a forex and binary options broker. Here are some of the advantages of Capital Markets Banc (CMB):. Personalized FX Training Programs: CMB provides its traders with personalized FX training programs. These programs are tailored to the individual needs of each trader, providing them with the knowledge and skills they need to navigate the forex market effectively. Dealing Room Specialists: Traders at CMB have access to dealing room specialists. These specialists offer expert advice and guidance, helping traders make informed decisions about their trades. Rewarding Introducing Broker Programs: CMB offers rewarding introducing broker programs. These programs provide incentives for introducing new traders to the platform, creating additional earning opportunities for traders. Innovative and Competitive Partner Offerings: CMB is known for its innovative and competitive partner offerings. These offerings provide traders with a range of tools and resources to help them maximize their trading potential. Variety of Trading Options: CMB offers a wide range of trading options. Traders can trade over 175 products ranging from currencies, commodities, indices, and stocks to binary options. Multiple Account Types: CMB offers several account types, including Mini, Standard, Pro, and ECN. This allows traders to choose the account type that best suits their trading style and financial goals. MetaTrader4 Trading Platform: CMB provides its traders with the MetaTrader4 trading platform. This platform is widely recognized for its user-friendly interface, advanced charting capabilities, and extensive range of trading tools. However, it’s important to note that CMB is an offshore broker and is not regulated by any financial authority. This means that trading with CMB carries a certain level of risk. Always conduct thorough research and consider seeking advice from a financial advisor before engaging in forex trading.

What are the Cons of Capital Markets Banc CMB?

Capital Markets Banc (CMB) is a forex and binary options broker that has been the subject of scrutiny and criticism. Here are some of the major concerns associated with CMB:. Lack of Regulation: CMB is registered offshore and is not licensed by any recognized financial authority. This lack of regulation poses a significant risk to investors, as there is no oversight to ensure fair and transparent operations. High Spreads and Fees: CMB offers high fixed spreads. For example, the spreads offered on CMB’s Mini & Standard accounts are fixed at 3 pips on EUR/USD. , which is higher than what most fixed-spread brokers offer. Withdrawal Issues: There have been reports of CMB not granting withdrawals. This is a serious red flag, as it suggests that investors may have difficulty accessing their funds. Negative User Reviews: Many user reviews claim that CMB is a scam broker. These negative reviews further erode trust in the broker’s operations. Inclusion in Warning Lists: CMB has been included in the warning lists of several regulators. For instance, the Italian financial regulator, CONSOB, has issued a warning against CMB for soliciting clients without authorization. Incomplete Information: The information provided on CMB’s website is incomplete. For instance, there is no information about the trading platform used. In conclusion, the concerns surrounding CMB’s lack of regulation, high fees, withdrawal issues, negative user reviews, inclusion in regulatory warning lists, and incomplete information make it a risky choice for investors. It is always recommended to trade with brokers that are regulated by reputable financial authorities.

Is Capital Markets Banc CMB Regulated and who are the Regulators?

Capital Markets Banc (CMB) is a forex and binary options broker. However, it is important to note that CMB is not regulated by any recognized financial authority. This lack of regulation raises significant concerns about the safety and security of trading with Capital Markets Banc. The Capital Markets Board of Turkey (CMB) is a regulatory authority in charge of the country’s derivatives and securities markets. This includes the regulation of online Forex/CFD trading. However, not many operators use the CMB as their licensing/regulatory authority, as it only grants access to the Turkish market. Its relatively strict regulatory requirements and its fiscally not-too-attractive jurisdiction do not make it a popular choice. The CMB’s top missions are to maintain the integrity of capital markets within the country, protect customers against fraud and unfair exploitation, provide safeguards for investments in the capital markets, fully integrate the international financial norms into its regulatory framework, promote a modern market environment, while enhancing the infrastructure of the capital markets, and continuously evolve and adapt to the requirements of the capital markets. The CMB was founded through the 1981 Capital Markets Law, which defined a series of regulations concerning capital markets instruments, institutions, and market organization within Turkey. There are three main pieces of legislation which act as the supporting pillars of the legal framework governing the Turkish capital markets. These are the 1981 Capital Markets Law, the Turkish Commercial Code, and Decree #91, concerning the functioning of securities exchanges. The regulatory activity performed by the CMB consists of the supervision of the securities markets within the scope of the Capital Markets Law. Making sure that the provisions of the Capital Markets Law are observed by all parties is the primary task of the regulator. The protection of customer rights is also covered by this same regulatory umbrella. Institutions subject to the CMB’s regulatory efforts include mutual funds, investment companies, securities markets intermediaries, secondary markets and stock exchanges, independent financial auditing firms, commodity- and various derivatives exchanges, clearing institutions and rating agencies, and futures and options. However, despite the existence of such a regulatory body, Capital Markets Banc (CMB) is not regulated by the CMB or any other recognized financial authority. This lack of regulation raises significant concerns about the safety and security of trading with Capital Markets Banc.