General Information
CMG is a brokerage company incorporated in St. Vincent and the Grenadines, and registered by the Financial Services Authority, claiming to provide its clients with the worlds most widely-used MetaTrader4 trading platform, leverage up to 400:1, low spreads, as well as a choice of four different account types and 24×5 customer support service.
Market Instruments
CMG advertises that it offers more than 80 trading instruments in financial markets, including forex, digital currency, commodities, index, precious metals, crude oil, CFDs trading as well.
Account Types
There are four real trading accounts offered by CMG, apart from free demo accounts, namely Individual, Joint, Company and Sole Trader. Opening an account requires the minimum initial deposit amount of $250.
Leverage
The maximum leverage ratio provided by CMG is much higher than most brokers, up to 400:1, available to professional clients, while for retail clients leverage is 30:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
CMG claims to offer its clients spreads as low as 0.2 pips. And it will charge some commissions depending on the type of account traders are holding. However, the broker didnt directly disclose any more detailed information about commissions on its official website in the absence of opening an account.
Trading Platform Available
When it comes to trading platforms available,CMG gives traders the industry-standard MetaTrader4 on PC, Mac, iPhone and Android, as well as MT4 WebTrader. MT4 is known as one of the most successful, efficient, and competent forex trading software, simple to use and full of functions like charts, price alerts, custom indicators and analysis tools. While with the MT4 Mobile app, trading can be done from anywhere and at any time through the right mobile terminals.
Deposit & Withdrawal
CMG accepts a wide selection of payment methods, which include Bank Wire Transfer, Credit/Debit Cards (Visa, MasterCard), Neteller, Skrill, C-Link Solution, Union Pay and B2B Transfer. The minimum deposit requirement is $250. As for the processing time of deposit and withdrawal requests, deposit via B2B Transfer will be processed in 2-3 working days, while deposit via other methods is instant. The broker says all withdrawal requests will be processed in 1-2 working days, but it cannot guarantee same-day receipt of funds. For example, withdrawal with International Transfers may take 2-5 days.
Customer Support
CMGs customer support can be reached by telephone: +61240363165, email: support@cmgau.com or fill in Contact Form to get in touch. Company address: Suite 305, Griffith Corporate Centre 1510, Beachmont, Kingstown St. Vincent and the Grenadines.
