CMOTD is a financial trading platform with its domain registered on October 16, 2023. The platform claims to be operated by CMOTD Markets Limited and regulated by the Securities Commission of the Bahamas (SCB). However, upon verification, the company is not registered with the SCB, indicating false advertising. The official website for CMOTD is: https://cmeoq.com/#/home
Corporate Background of CMOTD:
The domain for the CMOTD platform was registered on October 16, 2023. However, specific registration details of the company have not yet been found.
Regulation Information for CMOTD:
CMOTD claims to be part of CMOTD Markets Limited, located in the Bahamas, licensed and regulated by the SCB, and provides financial derivative investment trading services including Forex, indices, commodities, funds, stocks, and cryptocurrencies. However, a search in the SCB's registered entities list revealed that this company is not listed, indicating clear false advertising and a lack of regulation.
Account Registration Process of CMOTD:
- Visit the CMOTD official website and click the register button
- Fill out the application form
- Submit identity verification / My Number verification documents
- Make a deposit and start trading
Account Types at CMOTD:
CMOTD offers two main types of accounts:
CMOTD Account:
Average EURUSD Spread: 0.0 - 0.3 pips
Commission: From 7 AUD per 100,000 lots
Standard Account:
Average EURUSD Spread: 1.1 pips
Commission: $0
Trading Software at CMOTD:
CMOTD provides various advanced trading software to meet the needs of different traders. These include:
- cTrader: cTrader offers charting capabilities and Depth of Market (DOM) information, supporting fast order execution, suitable for day traders and high-frequency traders.
- MetaTrader 4 (MT4): MT4 is one of the most popular trading platforms worldwide, known for its powerful charting tools, rich technical indicators, and automated trading features (Expert Advisors, EAs). MT4 supports various order types and execution modes, suitable for diverse trading strategies. Its user-friendly interface makes it easy for both novice and experienced traders to use.
- MetaTrader 5 (MT5): MT5 is an upgraded version of MT4, offering more timeframes and technical indicators, and supporting multi-asset trading. Besides forex and CFDs, MT5 also supports stock and futures trading. MT5 features multi-threaded strategy testing and more advanced market depth functionality, making it ideal for advanced traders. MT5 comes with a more modern interface and more robust features, suitable for traders requiring diversified investments and more complex analysis.
Trading Products at CMOTD:
CMOTD offers a variety of trading products covering major financial markets to meet the needs of different investors:
- Forex: A variety of currency pairs, including major, minor, and exotic pairs, suitable for various trading strategies.
- Index CFDs: CFDs on major global indices such as the S&P 500, Dow Jones Industrial Average, and NASDAQ 100.
- Commodities: Precious metals (such as gold and silver), energy (such as crude oil and natural gas), and agricultural products (such as wheat and coffee).
- ETF CFDs: CFDs on exchange-traded funds, offering diversified asset portfolios.
- Stock CFDs: CFDs on major global companies' stocks, allowing speculation on price movements.
- Cryptocurrencies: A variety of popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
- Currency Index CFDs: CFDs on indices reflecting the composite performance of a basket of currencies.
With these diversified trading products, CMOTD offers investors a wide range of market opportunities and flexible investment options, supporting various investment strategies.
What are CMOTD's Spreads, Leverage, and Commissions?
The spreads and commissions at CMOTD vary depending on the product and trading software. Details can be seen in the image below:
What are CMOTD's Deposit and Withdrawal Methods?
CMOTD supports various deposit and withdrawal methods, including:
Visa Card
MasterCard
POLi
Bank Transfer
BPay
PayPal
Neteller
Skrill
China UnionPay
Customer Support at CMOTD:
Email: [email protected]
Conclusion:
Given the lack of transparency in CMOTD's regulatory information, investors should exercise caution, conduct thorough background checks, and perform risk assessments before choosing to trade with CMOTD to ensure the safety of their funds and smooth trading. Currently, CMOTD is marked as "Suspected Fraud" on TraderKnows.
