BrokersView has reviewed that CMG is an unregulated broker CMG seems to have copied the registration and licensing information of a legitimate broker, Axi, to appear genuine. Our close comparison suggests that CMG only replaced the branding name with their own when copying such information. In addition, while we found a CMG AUSTRALIA PTY LTD on the register of the Australian Securities and Investments Commission (ASIC), a representative authorized by Axi, the appointment was ceased in 2019. We suspect this is a case of identity theft. Investors should exercise extreme caution.

I am wondering whether CMG is a regulated platform or not. Could you review this broker? CMG (Trading name of AxiTrader Limited) is a registered brokerage in Financial Services Authority St. Vincent and the Grenadines (SVG FSA) that provides retail and institutional Foreign Exchange services to investors trading Forex, CFDs, and other tradable instruments as part of their investment portfolio. However, the SVG FSA has announced that it does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. For more details about this broker, you can check our full CMG review. We keep on remind the trader to be wary of offshore brokers as they don't provide any funds protection as well as withdrawals guarantee. If you are looking for brokers to deal with, we would recommend brokers regulated by top-tier regulators like FCA, NFA, ASIC, etc. View Source