CMC Market Trade MT5 is a Forex broker that registered its official website domain on April 27, 2023. It primarily offers investors trading services in financial derivatives such as forex, stocks, futures, energy, precious metals, and cryptocurrencies. This broker does not provide services to jurisdictions where doing so may violate local laws or regulations.
Registration Information and Regulatory Status:
Public information on the CMC Market Trade MT5 official website reveals that its headquarters are located in London, with direct branches in the United States, Canada, and Sydney, Australia. The broker is regulated by the Financial Conduct Authority (FCA) of the UK, the Australian Securities and Investments Commission (ASIC), and Japan's Financial Services Agency (FSA), with license numbers FCA ID: 504072, AFSL: 406684, FSA ID: 2010401081157, respectively.
Upon verification, the official website of the Financial Conduct Authority (FCA) shows the FCA ID: 504072 corresponds to the business entity AVA Trade EU Limited, the Australian Securities and Investments Commission (ASIC) shows the AFSL: 406684 corresponds to the business entity AVA CAPITAL MARKETS AUSTRALIA PTY LTD, and the website of Japan's Financial Services Agency (FSA) shows the FSA ID: 2010401081157 corresponds to the business entity Ava Trade Japan K.K. These registered entities are branches of the well-known broker AVA Trade, which has no relation to CMC Market Trade MT5.
Moreover, the web design and content of the broker's official website bear striking similarities to those of brokers like XM Market Limited, Dukascopy Trade MT5, HCJT GROUP, KFCP, XZDL GLOBAL, and Ylehub FX.
Account Opening:
To open an account with CMC Market Trade MT5, visit the broker's official website and click on “Register” either on the homepage or at the top right corner of the page. Fill in your personal email address, set up a login password, and submit the application. Once submitted, the account will be successfully registered.
Trading Account Information:
The CMC Market Trade MT5 official website only discloses information on spreads, trading leverage, margin call/stop-out levels, and contract sizes. Details on account types, trading commissions, minimum/maximum trading volume, maximum number of open orders/positions, and minimum tick size remain unpublished.
- Spread: Variable, starting from 1 pip
- Trading Leverage: 1:100—1:500
- Margin Call/Stop-Out Level: 100% / 50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
The CMC Market Trade MT5 official website claims to offer the MT5 trading platform, but the broker does not provide a download link on its website, and information about this broker is not available on MT5.
Deposits and Withdrawals:
CMC Market Trade MT5 has not explicitly disclosed its supported deposit and withdrawal methods, fees, or minimum deposit and withdrawal amounts on its official website.
Conclusion:
Traderknows reminds investors that CMC Market Trade MT5 is a company with unclear registration information and lacks effective regulation, identified as a clone website. The only way to contact them is through email, making their contact methods very limited. The design and content of their official website use the same template as those of broker websites like XM Market Limited, Dukascopy Trade MT5, HCJT GROUP, KFCP, XZDL GLOBAL, and Ylehub FX. Traderknows advises investors to choose brokers that are transparent in information, strongly regulated, and have a good reputation for their investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
