Global Broker Regulation Inquiry App
WikiFX
Pushpender Sharma 
1-2 years
What are the risks of trading with CMG now that its regulation has been revoked?
Broker Issues
Regulation
05-15
United States
WikiFX
Reply
The absence of regulation with CMG trading adds significant risk to my trading. I would be particularly concerned about issues such as potential fraud, lack of recourse for disputes, or delays in withdrawing my funds. Without regulatory oversight, there's no official body to hold CMG accountable for any misconduct, which makes trading with them riskier. As much as I enjoy their low spreads and high leverage, I’d hesitate to fully commit to using my real funds, especially if I don’t have a way to verify their practices.
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