BrokersView has found that CM Globals appears to be a scam CM Globals states to be operated under CM (AUST) PTY LTD, which it claims is licensed by the Australian Securities and Investments Commission (ASIC) and serves as an AR of MGF Capital Pty Ltd. However, while the principal licensee MGF Capital Pty Ltd does appear in ASIC’s register, neither CM (AUST) PTY LTD nor CM Globals is listed as an authorized representative under that license. Our search of ASIC’s public database using both the stated entity name and license number yielded no matching records for CM Globals, casting serious doubt on this claim. Additionally, CM Globals asserts it holds an MSB (Money Services Business) registration with Canada’s Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). While we did locate a matching MSB registration, it is crucial to note that FINTRAC does not regulate forex trading or grant brokerage licenses. Given these discrepancies, CM Globals appears to be a scam.

Can you provide me with the details of their account Dear Investor, We do not recommend trading with CM Globals, as its regulatory claims raise significant concerns and appear to be misleading. CM Globals states that it operates under CM (AUST) PTY LTD, which it claims is licensed by the Australian Securities and Investments Commission (ASIC) and serves as an Authorized Representative of MGF Capital Pty Ltd. However, while the principal licensee MGF Capital Pty Ltd does appear in ASIC’s register, neither CM (AUST) PTY LTD nor CM Globals is listed as an authorized representative under that license. Our search of ASIC’s public database using both the stated entity name and license number yielded no matching records for CM Globals, casting serious doubt on this claim. Additionally, CM Globals asserts it holds an MSB (Money Services Business) registration with Canada’s Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). While we did locate a matching MSB registration, it is crucial to note that FINTRAC does not regulate forex trading or grant brokerage licenses. Given these discrepancies, CM Globals exhibits strong indicators of being an unlicensed platform. We therefore strongly advise you to avoid trading with CM Globals to protect your funds. View Source