CMC Market Trade MT5

CMC Market Trade MT5 is a trading entity registered in China, with a stated founding date of 31 March 2023. Its official domain is wamsm.com, though our records indicate no verifiable website or social-media presence. The company reports zero employees, which is an unusual characteristic for a firm purporting to offer trading services.

According to the records on file, the broker claims to hold two licences: one from the Australian Securities and Investments Commission (ASIC) and one from Japan's Financial Services Agency (FSA). However, the status of these licences is listed as '—', meaning it is not confirmed. FXCanary's independent assessment flags this entity as a 'Fake Broker' in industry watchdog records and identifies it as a clone or impersonator firm.

The broker lists two regulatory licences in its records. The first is an ASIC Market Making (MM) licence with number 406684, covering operations in Australia. The second is an FSA Market Making (MM) licence with number 関東財務局長（金商）第1662号, covering Japan. Neither licence status is confirmed, and the numbers are provided as per our records.

It is important to note that the FSA licence number appears to be a Japanese local registration reference, not a standard FSA licence number. This raises questions about the validity of the claims. FXCanary cross-checked these details against public registers and found no verifiable confirmation of the broker's regulatory status.

The broker's name suggests it offers trading through the MetaTrader 5 (MT5) platform, a widely used retail trading platform. However, no specific details about the available instruments, account types, or trading conditions are disclosed in our records. The absence of a functional website means we cannot verify any product offerings.

In the absence of official information, we cannot confirm whether the broker offers forex, CFDs, or other asset classes. Traders should treat any claims about trading services with extreme caution, as the lack of transparency is a significant red flag.

No information is available regarding account types, minimum deposits, or funding methods. The broker's website, if it exists, is not accessible or verifiable. This lack of disclosure is concerning for any potential client.

Typically, a legitimate broker provides clear details about account tiers, leverage, spreads, and payment options. The absence of such information, combined with the risk flags, suggests that this entity may not be operating as a genuine trading service.

FXCanary's Scam Risk Score for CMC Market Trade MT5 is 85 out of 100, indicating a severe risk. The broker is listed as a 'Fake Broker' in industry watchdog records and is identified as a clone or impersonator firm. Additionally, there is no verifiable website or social-media presence, which is highly unusual for any financial service provider.

Given these factors, we strongly advise traders to avoid any engagement with this entity. The combination of unverified licences, zero employees, and a high risk score points to a likely fraudulent operation. Always verify any broker's credentials through official regulatory channels before depositing funds.