CMOTC is a forex broker whose official website was registered on February 23, 2024. This broker primarily offers users a variety of trading markets through its proprietary trading platform, including forex, metals, commodities, indices, etc. It does not operate in the United States, Iran, North Korea, and other regions.
Corporate Registration Information and Regulatory Status:
According to information publicly available on CMOTC's official website, its corporate entity is CMOTC Limited. This broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), with license numbers 296805 and 700455, respectively. Additionally, the broker is a registered member of THE FINANCIAL COMMISSION.
Upon verification, the ASIC official website shows that license 296805 belongs to the corporate entity DLS MARKETS (AUST) PTY LTD, while the VFSC official website indicates that the enterprise holding license number 700455 is DLS MARKETS LIMITED. THE FINANCIAL COMMISSION does not list a member named CMOTC, but DLS MARKETS is found in the membership directory. It can thus be confirmed that CMOTCFX is a clone site of DLS MARKETS, making it a fraudulent platform.
Furthermore, the "Terms and Conditions" section of the broker's official website provides documents that are merely icons, which actually cannot be opened, while the legitimate website DLS MARKETS provides documents that can be accessed.
Opening an Account:
To open an account with CMOTC: Visit the broker's official website and click on “Open Account” to enter the registration interface. Fill in your email address and set a login password to submit. Once submitted, the account will be successfully registered. After logging in, complete full KYC verification before you can make deposits and trade.
Account Types:
CMOTC offers users two different types of real trading accounts: STANDARD ACCOUNT and ECN ACCOUNT.
STANDARD ACCOUNT
- Minimum deposit amount: 200 USD
- Spread: Starting from 1.0 pips
- Maximum trading leverage: 1:500
- Trading commission: 0
ECN ACCOUNT
- Minimum deposit amount: 200 USD
- Spread: Starting from 0 pips
- Maximum trading leverage: 1:500
- Trading commission: 6 USD per round turn trade
Trading Platform:
CMOTC claims on its official website to offer the MT4 trading platform to its users, but in reality, it uses a proprietary trading platform, and the broker cannot be found on MT4.
Deposits and Withdrawals:
CMOTC supports users in making deposits and withdrawals using credit/debit cards, e-wallets, and bank wire transfers.
Conclusion:
Traderknows reminds investors that CMOTC is a fraudulent website of the shell broker DLS MARKETS. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
