CMTPRO Review – What’s Wrong With This Forex & CFD Broker?

As of May 2023, Cmtpro.com has ceased operations. But you can read the article to avoid falling for similar scammers.

Is CMTPRO a Forex & Crypto Trading Scam

Broker CMTPRO boasts, as with all scam firms, of outstanding trading conditions and safe and quick deposits. They don’t deliver, just like any other fraud. Instead, we have an anonymous brand that claims to be operating under FSC’s license.

Let’s get into the details about CMTPRO regulation. FSC stands for several regulatory bodies such as the Financial Services Commission of Mauritius, Bulgaria and Japan. This vague statement should not be taken seriously, particularly without a license number.

Further research has not yielded any relevant court or legal jurisdiction results. The brokerage can’t be EU-based because its leverage of 1 to 500 violates the ESMA regime. Retail traders like yourself cannot have leverage greater than 1:30 in the Forex market. This broker is authorized to offer financial products.

This should be enough for you to tell us any details that you have so we can alert more people.

CMTPRO is a financial fraudster that is not regulated. CMTPRO has been banned from Spain, Norway, Belgium and Norway for illegal Forex and CFD trading services.

CMTPRO Broker Scam – Official Warnings

In November 2022, we received the warning about the CMTPRO trading fraud. It states that the company offers fraudulent trading platforms and irregularly provides investment services in Belgium.

The warning was republished by the Norwegian Finanstilsynet as well as the Spanish CNMV. This is evidence of fraud ongoing.

Are CMTPRO Scam Victims Living in Canada?

Since November 2022, when we were warned about the CMTPRO scam, it has been in operation. Most complaints came from:

• Portugal
• Spain
• UK
• Belgium
• Germany

It’s not surprising that regulators have raised concerns. We expect more.

How does this scam broker contact victims?

You have probably come in contact with scam brokers if you are a victim of their schemes. Most fraudulent campaigns are created via Instagram, Facebook and Google Ads. It all comes down to you clicking on the bait.

Your phone and email will be automatically transferred to a brokerage so they can begin the pitch. They will call you, send you emails, and include your name in Telegram and WhatsApp groups. They promise you everything and more in exchange for your money.

You can also be scammed by using fake social media profiles. Many brokers create fake accounts on Instagram, FB and YouTube to pretend they are financial experts. Fake stories, especially on LinkedIn, give them credibility.

We strongly recommend that you avoid any offer that seems too good to be true. This is how the greatest scams begin.

What trading platforms are available?

Scroll down to the bottom of this page and you will see a beautiful promise.

MetaTrader is the world’s most widely used trading platform. Get the best trading experience.

Yet, it is false. Retail investors have only one CMTPRO trading platform: the WebTrader.

CMTPRO WebTrader Browser-Based Platform

Although we don’t think it’s bad, in fact, it’s quite decent. However, this web-based software does not make you a Metatrader. It supports advanced TAs, and offers a variety of charts and analysis tools. A built-in economic calendar allows you to keep track of important market events as well as a performance overview.

Falsely using MetaTrader’s name can reduce our trust even further.

CMTPRO login can be done from mobile devices. This is the only fact that is true. Both iOS and Android users can access dedicated mobile apps. Here’s the downside. Both apps are built on WebTrader and don’t have the same tools as MT4 or M5.

What trading assets does CMTPRO offer?

Here is a list of tradable instruments.

• Currency pairs – EUR/USD and GBP/AUD, respectively, CAD/NOK
• Commodities – gold, silver, palladium
• Indices – AU200, BE20, NIKKEI225
• Shares Amazon, Apple, Google
• Cryptocurrencies – ADA, MATIC, SOL.

Although it might seem like a large offer, the broker’s unregulated status should be remembered.

What is a chargeback?

Chargebacks are a way for your bank to recover funds from the merchant. We recommend that you contact us immediately to begin the process. We will have a free consultation to discuss how we can recover your money right away!

CMTPRO: Video

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