CM Trading Review: Unlicensed Forex Broker, Account Manager Scheme

CM Trading is a brokerage brand that says it is based in South Africa and offers forex, commodity and crypto CFDs at cmtrading.com. People in Türkiye who came into contact with this brand usually describe being phoned and steered into trading with an "account manager".

📞 How Does the Account Manager Scheme Work?

With brands of this kind, first contact is most often made by cold calling; after a low initial amount, an "expert" is assigned to the person. As the profit screen grows, more investment is requested, while risky positions opened by the manager can bring the account to zero within a short time. This pattern follows the same line as investment operations run through call centresTR.

🔍 Brand and Licence Details

The domain cmtrading.com has been registered since 2002; the brand relies on the authority of the South African financial regulator. This foreign licence is not valid for investment services in Türkiye. SPK Decision No. 8/297 describes bringing Turkish investors together with a foreign entity as unauthorised activity (text of the decision); authorised institutions can be seen on the SPK list.

Note: the CMTradingAssets demo profit schemeTR, described in Nigeria as a Ponzi scheme, is a different operation with a similar name.

🔗 Platforms Where the Same Scheme Is Seen

We have previously covered in detail brands that hide behind a foreign licence and target Türkiye by phone.

🧭 The Process for Victims

1. With call records and transfer receipts, the route open to the victim is determined.
2. For payments made to an unauthorised entity, a restitution and unjust enrichment claimTR comes into play.
3. The criminal and civil routes are pursued together.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions