Capital Markets Group Review – Is cmgone.com a Scam or a Good Broker?

Capital Markets Group Fake Licence And Regulation Documents

Capital Markets Group’s website was a little shaky. We were apprehensive until we realized that the broker is a fraudster.

Capital Markets Group claims to be fully incorporated within Saint Vincent and Grenadines. This registration would be useless if we find out what happens next. Not to mention the fact that Saint Vincent and the Grenadines has become the most well-known FX scam jurisdiction, and there is no local regulator to supervise brokerages.

Capital Markets Group acts legitimately throughout. However, they lack the license to support such behavior. We realized that this was the oldest trick in all of the books only later. We first notice the logo of AxiTrader, a large broker, appearing on the website. Later, Capital Markets Group’s holding company turned out to be AxiTrader Limited. This is not true, as Axi is a legal entity and a solid broker.

Capital Markets Group, in other words, has taken some legal details from Axi as well as certain website design choices, trading and payment information. This makes it a clone company of an otherwise regulated broker. Axi is the sole owner of the endorsement for Manchester City Football Club.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Blink Trades, CED Capital Limited, FXrally

Capital Markets Group Trading Assets

According to the website, available assets include forex currency pairs, indices and commodities, as well as oil, precious metals and shares. Keep in mind that this broker is fraudulent and we cannot verify that they are actually assets.

Capital Markets Group: Maximum Leverage, Deposit and Withdrawal

Retail investors have a maximum leverage of 1:30, while pro users can use 1:400. This is common with EU brokers that are regulated, such as the Axi broker. Capital Markets Group can be viewed as a clone company by the leverage situation.

According to the website, there are several deposit and withdrawal options available. These include bank transfer, credit cards and debit cards, Skrill and C-Link Solution. There are no fees for deposits. With the exception of CoinZoom, which can take up to 3 business days to process, deposits are made immediately.

Except for bank-based withdrawals, which can take up to 2-5 days, all withdrawal requests will be processed in 1-2 days.

The payment information is taken from the site. It is not guaranteed to be accurate.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

No minimum deposit was disclosed anywhere. Legit brokers are now more inclined to offer as low of a deposit that they can afford without making too many compromises. Scammers tend to do the same, even though it is for totally different reasons.

Capital Markets Group: Video

Below you will find a short video about Capital Markets Group. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Capital Markets Group!