Fake CMC Markets

Fake CMC Markets operates under the domain hnhyjc.com and is registered in China. The broker was founded on June 17, 2019. However, no official company registration details are publicly available to confirm its legal entity status. This lack of transparency is a significant red flag for potential traders.

The broker claims to be regulated by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). Our cross-checking of these licences on the respective public registers reveals no matching entries for this entity. The alleged licence numbers are not provided, and the status fields are blank. This indicates that the regulatory claims are likely fraudulent, and the broker operates without any oversight.

Fake CMC Markets offers two account types: Agency account and Personal account. Both accounts require a minimum deposit of $500 and provide a maximum leverage of 1:200. This structure is typical of cloned broker sites aiming to attract unsuspecting traders with low entry barriers. The lack of differentiation between account types further suggests a simplistic and potentially fraudulent setup.

The broker does not specify the range of trading instruments available on its platform. Based on its claims of being a copy of CMC Markets, it may purport to offer forex, indices, commodities, and CFDs. However, no concrete details are provided, making it impossible to assess the breadth of offerings. Traders should be cautious when dealing with brokers that omit such fundamental information.

This entity is a cloned version of the legitimate CMC Markets, a well-known and regulated online trading provider. Fake CMC Markets likely uses a similar name and website design to deceive traders into believing they are dealing with the genuine broker. The clone nature of this operation raises severe concerns about its intent and reliability.

FXCanary’s Scam Risk Score for this broker is 85 out of 100, indicating a severe risk. The absence of verified regulation, combined with evidence of cloning and the lack of independent user reviews, makes this broker highly unsuitable for retail traders. Depositing funds with such an entity carries a substantial risk of total loss.

The broker appears to target retail traders looking for forex and CFD trading with low initial deposits. The $500 minimum deposit and high leverage appeal to novice traders seeking quick profits. However, the fraudulent nature of the operation means that any funds deposited are at high risk of loss, and traders are strongly advised to avoid this broker.