cmgtrading.com Review

If a broker is apparently tripling your investment in 4 days. 2000 to almost 6000 and then asking for more money every day????

Warning, the Site is down, no one answers the phones.

SCAM SCAM SCAM. This is one of the dodgiest brokers in the world. If you win on any trades, they take the profits from your account a few hours after closing the trade. They will give the reason of "scalping" even though i did not scalp. But when you lose, they are happy. Can anyone make money when your broker takes your profits and only records your losses. The obvious answer is NO. I checked them out and they are actually registered and regulated in Uganda, Africa. They have it on their site that they are regulated by the Lake Victoria Free Trade Zone. This sounds good, doesn't it. Lake Victoria Free Trade Zone is in Uganda, Africa. If you ask them where they are based, they'll tell you British Virgin Islands. This is not true. They are in Uganda and that is why the phone number on their website does not work. This Venu Rupal guy from India that left a 5 star review on CMG Trading is probably the owner. On a serious note, STAY AWAY FROM THIS BROKER. If you want to confirm this review, email me osanus1@yahoo.com and I will even give my phone number if you want to talk about it. The only way out in Forex is either with an ECN or a CURRENEX broker. Any other thing, you are just playing Monopoly game if you think you are winning. Trust me, I have been raped so many times by bucket shop brokers. I've tried many of them. There is another broker that has taken my profits ($3000 plus) on my last three trades. I have called back my remaining balance. I will post a review on them when they return my balance.

CMG is great. their software is also very good. THe client support is also good.