Getting acquainted with the CBM Group website
CBM Group is a mysterious firm hiding its essence. The initial page of the website features a password entry form. Company information is not accessible to unregistered users. Only brokers with shady dealings do this. According to reviews, this company turns out to have something mysterious. In the review, you will find out how legitimate its operations are and what conditions the platform offers for cooperation.
Licensed broker or not?
According to assumptions, CBM Group is originally from England. After checking the British registry of legal entities at Companies House, a similar company is indeed listed (registration certificate №08513931). However, this firm is engaged in electrical installation, heating and air conditioning system installation, and building finishing. It has no relation to brokerage activities.
CBM Group is absent from the FCA registry. The emerging facts point to a typical scammer spreading false information. Russian traders should stay vigilant as the Central Bank of Russia blacklisted CBM Group on February 18, 2022.
What is promised on the platform?
While the firm speaks of security guarantees, it does not adhere to the conditions. Registered users are required to undergo verification and provide personal data, which scammers abuse for their selfish purposes.
The platform offers global and digital currencies, stocks, spot metals, and indices. Briefly about contracts: the initial deposit is $150, a demo account is available for beginners, the use of MetaTrader and UTIP software, and a wide choice of payment methods.
Participants’ reviews
CBM Group is under heavy criticism. Users complain about the company’s dishonest actions, its disregard for client inquiries, and refusals to make payments.
The essence of the scam
CBM Group attracts unsuspecting newcomers into its networks and even before registration does not disclose the terms of cooperation. Then, the victim is made to confirm personal data. By deceiving traders, psychological pressure and promises of easy profit are used. The scam does not end there: additional payments are required when attempting to withdraw funds. Refusal leads to blocking.
Independent review results
Collaboration with CBM Group is pointless! A fake broker without a legal framework cannot conduct trading operations. Newcomers become victims of this deception. Reviews from real clients indicate that this platform only accepts funds, and withdrawals are blocked. Do not take risks and do not invest your money here.
I am extremely dissatisfied with the services provided by CBM Group as the broker’s work has fallen incredibly short of expectations in terms of professionalism and efficiency.
My experience with CBM Group has been nothing short of disastrous. The customer service is grossly inadequate – unprofessional, unresponsive and unreliable. My questions often go unanswered and when I do receive a response, it is vague and unhelpful. On top of this, I’ve experienced a constant barrage of hidden fees that were not explicitly outlined upon initial agreement. The withdrawal process is harrowingly slow and tedious, keeping my funds tied up for longer than necessary. The platform itself is not user-friendly, often lagging and crashing at crucial trading moments. I’m massively disappointed with CBM Group and wouldn’t recommend its services to anyone.