Yesterday we, as registered clients, received an email from the offshore broker CMX Markets. In it, we were informed that various bad reviews about the broker had appeared. However, the broker informs us that these would be defamatory reviews. The fact is that CMX Markets operates without regulatory permission through companies in the Marshall Islands and Moldova. In this respect, we have placed the broker on our Red Compliance list.
Key Data
| Trading name | CMX Markets |
| Activity | Offshore broker scheme |
| Domain | https://cmxmarkets.com |
| Legal entity | CMX Markets Ltd |
| Jurisdictions | Marshall Islands, Moldavia |
| Contact data | +373 (231) 84 012 |
| Authorization | No |
| Leverage | up to 1:300 |
| Payment options | credit/debit card, e-wallets, crypto |
| Payment facilitators | PayPal, Perfect Money, BridgerPay |
| Warnings | CNMV |
| Trustpilot | 2.9 stars with an Average trust level |
| Compliance rating | Red |
Short Narrative
The broker is operated through CMX Markets Ltd, registered in the Marshall Islands, with operational offices in Moldova. In the last 28 days before March 26, 2023, the website received less than 5,000 visitors, says Similarweb. In this respect, it is a small scheme.
The email we received yesterday states:
Authors of negative reviews about the company often referred to the fact that CMX Markets, which operates in the Republic of Moldova, carries out its activities without a license. We would like to state unequivocally that CMX Markets is a legal entity registered in accordance with the legislation of the Republic of Moldova. In the Republic of Moldova, Forex trading activities are not licensed or regulated under the current legislation. However, CMX Markets is under constant supervision by the National Bank of Moldova.
CMX Email to clients
Compliance Check
In February 2023, the Spanish regulator CNMV issued a warning against CMX Markets. The broker has no regulatory permission in any jurisdiction. With a maximum leverage of 1:300 for retail clients, the broker violates regulatory requirements in Europe and North America.
We could register with CMX Markets as EEA residents without any problems. Deposits, on the other hand, are only possible after a KYC check and the uploading of the ID and address confirmation.
We put CMX Markets on our Red Compliance list due to the lack of regulatory permission, CNMV warning, and regulatory violations.
Share Information
If you have any information about CMX Markets, operators, and facilitators, please let us know through our whistleblower system, Whistle42.
