CMG Review

Unique Selling Points

1. Best Broker for Offshore CFD traders

2. Deposit and Withdrawal Options: Capital Markets Group (CMG) supports bank transfers, card payments, and e-wallet solutions. They also allow deposits in cryptocurrencies. 

3. Trading Resources: The broker offers product and market information such as economic calendar, public holidays, and rollover schedules to assist traders with their trade activities and strategies.

4. Multi Account Manager (MAM): CMG offers an integrated software tool that allows clients to execute block trades on multiple accounts using a master account. This MAM software is compatible with the MT4 trading playing and offers increased automation and broadened functionality.

Introduction

Capital Markets Group (cmgone.com) is an offshore regulated CFD and forex broker offering various currency pairs and CFD tradable instruments. CMG promises a high-performance trading platform, fast order execution, and competitive pricing. Other features include 24/5 multilingual support and a self-service portal.

The company is incorporated in St Vincent and the Grenadines, where it also has its trading license. It only supports the MetaTrader 4 trading platform but has complex complementary tools such as a copy trading tool and multi-account manager software. 

This CMG broker review further explains all you need to know about this broker. 

Supported Countries

CMG is regulated by the Financial Services Authority (FSA) in St Vincent and the Grenadines. The FSA has more relaxed regulation laws so CMG can accommodate clients worldwide, such as Europe, North America, Latin America, Africa, and Asia. 

Despite their broad support, certain countries' residents may not trade with CMG. These countries include the Central African Republic, Congo, Côte d'Ivoire, Democratic People's Republic of Korea (North), Ecuador, Eritrea, Ethiopia, Guinea-Bissau, Haiti, Iran, Islamic Republic of Iraq, Japan, Kyrgyzstan, Liberia, Libya, Myanmar, Republic of Korea (South), Sierra Leone, Somalia, Sudan, Syrian Arab Republic, United States of America, United States Virgin Islands, Western Sahara, Yemen, and Zimbabwe.

Citizens and residents from such countries can always apply for a trading account when they move to a supported country.

Customer Service Rating

There is no review of CMG trading on TrustPilot. However, on the CMG broker review page on the TopBroker website, the broker has a 3.42 rating based on 19 reviews.

A cursory review of the comments shows that the broker offers decent trading conditions and sufficient tradable assets. Despite its late entry, the broker also has an excellent reputation in the forex trading industry. Other positive reviews applauded the broker for their commission-free trading, trading resources, and generous leverage.

Critical reviews found the execution order speed slower than they expected. Aside from this, the general review is that Capital Markets Group brokerage is commendable and offers excellent trading experience.

Capital Markets Group Trading Platforms

CMG only supports the MetaTrader 4 trading platform. They also offer complementary tools and support to enhance the platform's functionality and improve the trading experience.

The MetaTrader 4 world's most popular online trading platform, is perfect for beginners, casual and professional traders. It has inbuilt features such as an advanced charting system, price alerts, and algorithmic trading. All of these features make it ideal for online forex traders. The platform is downloadable on mobile phones (Android and iOS) and desktop computers and laptops (Macintosh and Windows). Traders can also access the platform without downloading via their web browser.

In addition to the MT 4 platform, CMG offers MT4 VPS Hosting for increased reliability and smooth trade executions. Another extra tool is a suite of signal providers designed to help you trade. With this tool, you can directly implement the existing strategies of thousands of traders worldwide into your MT4 platform.

Type of Trading Accounts on Capital Markets Group

Capital Markets Group only offers one type of account: the MT4 account. The minimum initial deposit requirement for this account is $250. The account offers tight spreads starting at 0.2 pips and commission-free trading. Retail clients get up to 1:30. However, traders who qualify as professional clients can get up to 1:400 leverage. All tradable instruments have a minimum trade size of 0.01 lots. The account does not restrict the size or number of positions a trader may hold.

Trading Denominations on Capital Markets Group

CMG only supports one currency denomination for trading accounts: the United States Dollar (USD). 

Company Structure

Capital Markets Group (CMG) is the brand name of AxiTrader Limited. AxiTrader Limited is incorporated by the Registrar of International Business Companies in St Vincent and the Grenadines as a brokerage that provides retail and institutional financial trading services to investors and traders trading Forex and CFDs. 

AxiTrader Limited is a wholly-owned subsidiary of AxiCorp Financial Services Pty Ltd. The parent company AxiCorp Financial Services Pty Ltd under the AxiTrader Group is regulated by several regulatory bodies such as the Australian Securities & Investments Commission (ASIC) with the registration number 318232, Dubai Financial Services Authority (DFSA) with the number F003742 and by the Financial Conduct Authority (FCA), with Firm Reference Number 466201.

The Group also has offices in 8 strategic locations and has customers in 100+ countries.

Capital Markets Group Licenses and Regulatory Compliance

The Financial Services Authority regulates Capital Markets Group Group in St Vincent and the Grenadines. The underlying company AxiCorp Financial Services Pty Ltd (AxiCorp) (ACN 127 606 348) is authorized and regulated by the Australian Securities & Investments Commission (ASIC) with the registration number 318232.

Capital Markets Group Customer Protection 

CMG has a policy of providing all retail clients with information concerning the risks, benefits, and features of the products traded on your account and the treatment of client funds deposited. When the value of your account reaches AUD 500,000 equivalent, you may be classified as a wholesale client.

AxiTrader (the company behind CMG) does not use retail clients' funds. However, they are allowed to access wholesale client funds for specific purposes. However, all deposits from retail and wholesale clients are stored separately in segregated accounts.

All prospective clients should note that the broker's policy of keeping clients' deposits in one or more Segregated Accounts does not offer absolute insurance if CMG becomes insolvent. Ensure you understand the terms and conditions in the Product Disclosure Statement and the Client Agreement before opening and funding an account.

Trading Information

CMG offers over 80 tradable instruments, copy trading tools, MetaTrader 4 trading accounts, and other trading resources and tools. They also offer multilingual support available from Monday to Friday.

Tradable Instruments

Tradable instruments on Capital Markets Group trading platforms include

• 70+ Currency Pairs

• 30+ Index CFDs

• 10 Commodity CFDs

• 4 Oil CFDs

• 10+ Metal CFDs

Capital Markets Group Leverage

CMG offers a maximum of 1:30 leverage to retail clients. Professional clients, on the other hand, can access up to 1:400 leverage.

Deposits and Withdrawals on Capital Markets Group

CMG does not charge any fees for deposits or withdrawals, provided the deposits are meant for trading. However, you may incur fees on payments to and from some payment channels and international banking institutions.

Deposits

CMG offers its clients various secure online payment methods to fund their live trading accounts. All funding transactions are done in United States Dollars (USD). Note that not all payment options are available in all countries. 

Furthermore, the broker does not accept payments from third parties. Deposits must be from accounts in your name or the name of one of the parties in the case of a joint account.

CMG only offers feeless deposits for the first $50,000 deposited each month. Once you exceed this monthly Fee Free Limit, CMG may pass on your Neteller and Credit card transaction fees. 

Withdrawals

CMG does not process withdrawals to third parties. The receiving account must be in the same name as your CMG account. Withdrawal requests to third-party accounts will be canceled. 

Withdrawal requests typically take 1-2 business days to process upon receipt. The funds may take longer to enter your account, depending on the payment channel involved. However, International Transfers typically take between 2 – 5 days.

In some instances, CMG may require you to provide additional information to prove that a beneficiary account is under your name.

Capital Markets Group Trading Education and Training

CMG offers limited trading resources, and these resources are mainly geared towards advanced traders and not beginners. These resources include

• Forex Economic Calendar

• Upcoming Exchange Holidays

• Futures CFD Contract Rollovers

FAQs

Is Capital Markets Group (CMG) a Scam?

Capital Markets Group is not a scam. It is a legit broker that operates under AxiTrader Limited. It is incorporated in St Vincent and the Grenadines and regulated by St Vincent and the Grenadines's Financial Services Authority (SVAFSA).

Can US residents open CMG trading accounts?

No. CMG does not have a license to offer trading services to US residents. However, US residents can access the broker's services when they move to a supported location.

How do I open a CMG Forex trading account?

Visit Capital Markets Group and select "Open account" at the top of the page. 

Conclusion

Capital Markets Group (CMG) operates as the trading name of AxiTrader Limited, a trading company incorporated and regulated in St Vincent and the Grenadines. The broker offers various tradable instruments that cut across forex pairs and CFDs. Clients can be retail or professional clients (depending on the financial value of their trading portfolio) with different trading conditions attached. Professional clients get more leverage (up to 1:400) but don't have the same protection as retail clients.

You will enjoy key benefits, including commission-free trading, tight spread, and a conducive trading environment when you open a trading account with CMG. They also offer feeless deposits for the st $50,000 deposited each month. CMG is an excellent choice for CFD and forex traders looking to trade with an offshore regulated broker. Read more on the best USA forex traders.