After Verification: CMGSFX Is Operating Through The Website Https://www.cmgsfx.com/.
The Company's Website Is Currently Defunct, Inaccessible, Appears To Be Out Of Business, And Details About The Company Are Not Immediately Available. Traders Must Be Vigilant To Prevent Being Scammed And Causing Damage To Their Funds.
Since It Is Now Impossible To Access The Broker's Website, We Are Also Unable To Obtain More Direct Details About Its Trading Assets, Leverage, Spreads, Trading Platform, Minimum Deposits, Etc.
As For Regulation, It Has Been Verified That CMGSFX Does Not Currently Have Any Valid Licenses.
CMGSFX Claims To Be Regulated By The Financial Conduct Authority (FCA) With Registration Number 146311, The National Futures Association (NFA) And The Financial Crimes Enforcement Network (FINCEN).
Although We Found Records In The FCA That Correspond To Regulatory Numbers, The Company Name And Website Information Linked To This FRN Are Different From Those Of CMGSFX. Apparently, CMGSFX Illegally Copied Company Regulatory Information To Deceive Investors.
Also, We Did Not Find Any Matching Information In The NFA And FINCEN, Which Is An Agency That Regulates Money Laundering And Does Not Have The Authority To Regulate Foreign Exchange.
In Fact, CMGSFX Is Not Regulated By Any Regulatory Body. It Is Not Safe To Let It Hold Or Control Investors' Funds, And The Funds Cannot Be Protected By Any Laws.
Therefore, CMGSFX Is Undoubtedly A Scam.
And Most Brokers That Are Not Compliant Will Not Disclose Providing Their Direct And True Contact Information, Such As Phone Number Or Company Address.
Note: CMGSFX As An Unregulated Broker, Which Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Brokers As Much As Possible When Choosing A Broker.
