CMP24 (Cmp24.com) is a CFDs, Crypto Currency and Forex brokerage scam that you must be aware of. CMP 24 is claiming to offer powerful trading tools that help investors take trading to the next level. Claims such as having access to competitive pricing and promise of expending trader’s portfolio can be seen. Question that you should ask is are these claims and promises all true? Read to find out more.
Reason why we felt that we must conduct this review is the negative comments we see floating round the web. From the many promises we saw with their website, CMP24 is simply offering fake claims. Did you know that for a scam to work, fraudsters must come up with a product that seems real? This is what CMP 24 has done to fool newbie investors into signing up with their illicit product. Read this detailed and honest review to find out more.
CMP24 is simply a trap house that waits to pounce on any investor who signs up. With their enticing claims and promises, they have swindled hundreds of investors. Don’t become their next victim and sign up with them. This review will reveal all the dirty little tricks that these scammers are using. Note that all these details as factual and can be easily verified by the reader. Transparency is at the core of our business, we simply want to keep the good Forex name, clean.
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According to the details provided in the About Us page, they claim that this company is renowned the world over. If this indeed true, who are the people behind CMP24? If you haven’t noticed, there’s no information regarding the people behind this brokerage firm. There’s no information given as to the CEO or CFO of this company. And this makes this brokerage firm a sketchy product. No information means that they want to remain anonymous.
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Another disturbing feature we noticed with this platform is lack of Licensing and registration credentials. With a real broker, one would expect to see a licensing number and registration number at the bottom. This broker has no licensing or registered number posted at the footer of their homepage. It’s clear that we are dealing with a broker who is not licensed to conduct any Forex business. Signing up with this broker is a ticket to a very harsh reality.
CMP24 is not licensed or registered anywhere on the face of the planet. With all their claims of being at the top of their game, they fail to mention any licensing. A legit broker would easily post registration certificates and documents. Why have they failed to disclose their registration certificated? They don’t have any licensing or registration documents to back claims of being regulated. Anyone who signs up is dealing with a broker who is not authorized to conduct any Forex business.
Lack of authorization credentials means that we are dealing with a rogue broker. What this means is that anyone who signs up will not be protected when things go wrong. And be sure of this, pretty soon, things will start going awry for all investors. Lack of registration credentials will lead many to lose their funds with this broker. It’s what scammers do after being discovered that they are committing fraud. They will shut down their website without any warning given to members.
CMP24 offers users six different accounts to choose from. These accounts include Basic, Bronze, Silver, Gold, Platinum, and Black account. These accounts come with different perks and it’s important to notice the advantages of each account. Basic account holders must make a minimum required deposit of $250 to start trading. Other account holders must make a minimum deposit of $1,000, $2,500, 10,000, and $25, 000 respectively.
Black account is different from all these other accounts in that it’s classified as an exclusive account. All these accounts come with a welcome bonus of 20%, 40%, 60%, 80% and 100%. It should be noted that this is a gimmick to make users sign up with them. What this broker intends to do is to entice users to sign up and get free bonus. This is simply not going to happen as we will expose the rot with this brokerage firm.
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According to their platform page, MT4 trading platform will revolutionize your trading experience. This broker claims to have the latest management trading tools that will aid in trading. They also say that their app will provide users with all market details wherever they are. Mobile platform claims to offer real-time advanced mobile charting, one-click order execution, mobile alerts, and much more.
Problem with their platform is that download stalled at 28% which is bad news for users. It means that we are dealing with an unstable platform which will leave members vulnerable to attacks. Hackers find unstable platforms as easy prey to get credit card and personal data information. It’s highly risky to sign up with this broker.
Funds are never secure with a broker who wants to remain anonymous and not registered. First red flag we noticed with security of funds is lack of proper information. CMP 24 does not disclose how they sediment funds deposited by members. Which bank do they use to retain money sublimated by users? Did you know that members could be depositing money straight to the owner’s persona bank account?
Another disturbing feature with safety of funds is that they don’t segregate accounts. This broker is pooling funds in one account which is very risky. In case they face bankruptcy or insolvency, this broker will shut down without warning. Another scary factor is that they don’t participate in a compensatory scheme. That’s why you should stay away from this broker.
Did you notice that this broker does not offer live chat support? All what they do is ask for your details and promise to call you back. Folks, this broker is in league with hackers to steal personal data. Why would they need an email address to call anyone who wants to speak to them? That’s what scammers do in order to gain access to private details. Anonymity is what they are going for since they don’t want anyone to contact them.
CMP24 is a scam that’s simply out to rip anyone who signs up with them. Concrete evidence clearly reveals that we are dealing with a rogue broker. Make sure you mark all their emails as Spam and never click on any links sent by them. Warn your friends and relatives from signing up with CMP 24. Capital Market Point is not to be trusted since many investors have lost their money with CMP24.
Only option we are left with is to add CMP 24 to our scam blacklist. This broker will take your money the moment you sign up with them. Signing up with this broker will leave any user vulnerable to cyber-attacks.
Consistently sign up with Forex brokers who have the expertise and Reputable required in the business. Sign up with Forex brokers who are credible and honest at all times. This is the only way to make money trading Forex. Go for Forex brokers who are Genuine and Transparent in all their dealings.
Finally, we wish you all the best in your Forex trading experience.
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