CME Group is a forex broker that claims to offer a variety of trading services, including CFDs, forex, and cryptocurrencies. However, there is a growing body of evidence that suggests that CME Group is a scam.
In this article, we will take a closer look at CME Group and why you should avoid it. We will discuss the company’s background, regulations, pros and cons, and how it operates. We will also provide some tips on how to avoid forex scams.
Company Overview
CME Group is a relatively new broker, founded in 2017. The company’s website claims that it is regulated by the Financial Conduct Authority (FCA) in the UK. However, this is not true. The FCA does not regulate forex brokers.
CME Group’s website also claims that it is a member of the International Organization of Securities Commissions (IOSCO). However, IOSCO is not a regulatory body. It is an association of securities regulators.
Does CME Group Have Any License?
No, This site does not have any license to operate as a forex broker. It is not regulated by any financial authority.
Is CME Group Regulated By Any Authority?
No, It is regulated by any authority. It is an unregulated broker.
Pros and Cons
Pros:
- The trading platform is user-friendly.
- There are a variety of trading instruments available.
Cons:
- The broker is unregulated.
- There have been complaints about the company’s customer service.
- The spreads are high.
- The leverage is high.
How Does CME Group Reach To Their Prey?
CME Group uses a variety of methods to reach potential victims. These methods include:
- Cold calling
- Spam emails
- Social media
- Online advertisements
Technical Details
Minimum Deposit:
The minimum deposit to open an account with CME Group is $150.
Trading Platform:
They uses the MetaTrader 4 trading platform. This is a popular platform that is used by many forex brokers.
Spread:
The spreads on CME Group are high. The average spread for EUR/USD is 1.5 pips.
Leverage:
The leverage offered by CME Group is high. The maximum leverage is 1:500.
Packages and Products They Offer
CME Group offers a variety of trading packages, including:
- The Starter Package
- The Silver Package
- The Gold Package
- The Platinum Package
Each package offers different features and benefits.
Withdrawal and Deposit Method
CME Group offers a variety of deposit and withdrawal methods, including:
- Credit card
- Debit card
- Bank transfer
- Wire transfer
What Do Their Previous Traders Say?
There are a number of complaints about CME Group online. These complaints include:
- The company is a scam.
- The customer service is poor.
- The spreads are high.
- The withdrawals are delayed.
Summing Up- Why Should Not You Trust CME Group
There are a number of reasons why you should not trust CME Group. These reasons include:
- The company is unregulated.
- There are a number of complaints about the company online.
- The spreads are high.
- The leverage is high.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to CME Group, you can get help from a forex recovery service. These services can help you to recover your lost funds. But, you cannot find an authentic recovery service. That is why we can provide you with the right recommendations based on your case through a free consultancy call.
File A Complaint Against Scam Broker's
Final Thoughts
CME Group is a scam broker. You should avoid it at all costs. If you are looking for a legitimate forex broker, we recommend that you do your research and choose a broker that is regulated by a reputable financial authority.
We provide free consultation calls and recovery service recommendations to help in recovering the lost funds.
If you have lost money to CME Group, please contact us for a free consultation. We can help you to understand your options and get the help you need.
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