Company Summary
| CMG Review Summary | |
| Founded | 1998 |
| Registered Country/Region | Australia |
| Regulation | Not Regulated |
| Market Instruments | Forex, Cryptocurrencies, Commodities, Indices, Precious Metals, Oil |
| Demo Account | Yes |
| Leverage | Up to 1:400 |
| Spread | Starting from 0.2 pips |
| Trading Platform | MT4 |
| Customer Support | +61 2 4036 3165 |
| support@cmgau.com | |
CMG Information
CMG is an online broker with more than 80 instruments, including forex, cryptocurrencies, precious metals, market commodities indices, and others. It offers free demo accounts and live accounts through the MetaTrader 4 (MT4) platform, leveraging high options up to 1:400 and spreads from 0.2 pips. However, it is unregulated.
Pros and Cons
| Pros | Cons |
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Is CMG Legit?
CMG is unregulated.
What Can I Trade on CMG?
CMG offers more than 80 types of tradable instruments, including Forex, Cryptocurrencies, Commodities, Indices, Precious Metals, and Oil.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Oil | ✔ |
| Indices | ✔ |
| Cryptocurrency | ✔ |
| Metals | ✔ |
| Shares | ❌ |
Account Type
CMG offers two types of accounts: Free Demo Account and Live Account with high leverage options of up to 1:400.
CMG Fees
CMG offers clients trading conditions with low spreads starting from 0.2 pips and a commission-free structure.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC and Mobile | Investors of all experience levels |
Deposit and Withdrawal
CMG does not charge fees for deposits or withdrawals using any payment method. Supported funding and withdrawal methods include bank wire transfer, credit or debit cards (Visa or MasterCard), Skrill (Moneybookers), C-Link Solution, CoinZoom (cryptocurrency deposit), Finrax (cryptocurrency deposit), China UnionPay, and B2B transfer.
helun
Taiwan
Encountered a scam on a dating app. At first, they pretended to be in a relationship, then later taught me about investing and even proactively helped me deposit a sum of money into the platform. After seeing the profits, I followed suit and deposited more money. Little did I know, that was just the beginning of the scam. Later, various fake activities appeared—it was truly outrageous.
Exposure
Benjamin Young
Malaysia
the account conditions? I gotta say, as terrible as stale bread in a fancy feast. I got spreads on oil hundreds pips repeatedly. A real test of your endurance, like a never-ending marathon.
Neutral
Max Lewis
Netherlands
Between the crazy high minimum deposit, glitchy platform, misleading spreads and wild slippage, CMG just didn't work for my trading style. Maybe it makes sense if you a big baller with tons of capital to risk. But for average folks just trying to grow a small account, way too many obstacles to recommend.
Neutral
天道酬勤6337
Mexico
Although I thought the trading conditions offered by this company CMG were excellent, I decided not to negotiate with them because they lacked reliable oversight. Security is the most important thing for me when choosing a forex company because I don't want to be one of the many victims of scams.
Neutral
best miner
South Africa
High leverage, low spreads & 0% commissions, as well as mt4 trading platform and a variety of trading instruments to choose from. The only downside is that the minimum deposit amount of $250 is too high for me, but the broker also provides free demo accounts.
Neutral
虫妈
Australia
The platform is not ideal, but it is possible to get things done using it. The conditions are functioning normally, with a sufficient supply of assets for traders. The broker may be young, but I believe in his potential so long as he sticks to an ethical policy.
Positive