About CM GLOBALS
Who Is CM Globals?
CM Globals is an Australian-registered trading company that presents itself as a multi-asset forex and CFD broker. The entity was registered on 13 December 2022, with its official address at Suite 118, 252 Russell Street, Melbourne, VIC 3000. The broker operates the website cmglobals.com and offers trading services primarily through the MetaTrader 5 platform.
According to publicly available information, CM Globals states it is regulated by the Australian Securities and Investments Commission (ASIC) under licence 319197, held by Markets Nominees Pty Ltd. However, FXCanary's independent records show no regulatory licence on file for this broker. This discrepancy raises caution, as a regulated broker must appear on the official ASIC register. Traders are advised to verify regulatory status independently.
Account Types and Trading Conditions
CM Globals offers three distinct live account types: PRO, ISLAMIC, and LOW-SPREAD. The PRO account provides a maximum leverage of 1:400, while the ISLAMIC account offers up to 1:100 leverage and is swap-free. The LOW-SPREAD account's maximum leverage is not specified. Minimum deposit requirements are not publicly listed for any account type.
The broker also provides a demo account for practice and educational purposes. Account funding methods are not detailed on the site, but given the Australian registration, typical methods may include bank transfers and credit cards.
Trading Instruments and Platforms
The broker claims to offer a wide range of trading instruments, including forex currency pairs, precious metals (gold, silver), cryptocurrencies, energies (oil, gas), stock CFDs, and indices. This variety aims to cater to different trading strategies.
CM Globals exclusively uses the MetaTrader 5 (MT5) platform, a popular multi-asset trading platform known for advanced charting, algorithmic trading capabilities, and a user-friendly interface. The availability of mobile and web versions is implied but not explicitly confirmed.
Regulatory and Risk Considerations
The most significant point regarding CM Globals is its regulatory status. While the broker claims ASIC regulation, FXCanary’s records indicate no licence on file, and independent verification via the ASIC register is recommended. The absence of a confirmed regulator means client funds may not be protected under a compensation scheme, and there is no external dispute resolution body.
Given this, the broker carries a high risk score of 75/100 (Severe) in FXCanary's assessment. Traders should exercise extreme caution and consider the lack of regulatory oversight a major red flag.
Target Audience and Suitability
CM Globals appears to target both retail and experienced traders through its varied account types and high leverage options. The PRO account with 1:400 leverage is suited for aggressive traders willing to take on significant risk, while the ISLAMIC account caters to those requiring swap-free conditions.
However, due to the unverified regulatory status, this broker is not suitable for risk-averse traders or those prioritising fund safety. The educational content and trading tools may appeal to beginners, but the severe risk score overrides these features.
Overview compiled by FXCanary from regulatory records and public data. full CM GLOBALS review