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• Our Review Method

• Is CCM Clearing Scam or Legit Broker?

• What is CCM Clearing?

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding CCM Clearing due to the issues we've identified.

Is CCM Clearing Scam or Legit Broker? ▲

Trading with CCM Clearing is not advisable due to their unlicensed status and the absence of oversight from any recognized regulatory bodies. This absence of authorization is particularly concerning because compliance with regulatory standards is essential for ensuring the safety and security of traders’ investments. Based in Bulgaria, CCM Clearing operates without any form of regulatory oversight, which is a mandatory requirement for companies based within the European Union. This lack of regulation raises significant doubts about the legitimacy and safety of trading with CCM Clearing.

What is CCM Clearing? ▲

CCM Clearing positions itself as a sophisticated trading platform offering a wide range of financial instruments, including Forex, CFDs, and Options, with the promise of true multi-bank liquidity and cross-asset margin trading from a single account. The company purports to be managed by a team of experienced FX professionals and is headquartered in Bulgaria.

Despite these claims, the integrity of CCM Clearing has been challenged by international regulatory authorities. Notably, the Financial Markets Authority (FMA) of New Zealand has issued warnings against CCM Clearing, citing the company's unauthorized trading activities within New Zealand and potentially fraudulent operations. The broker's associations with other entities such as Rocket Consultant Group, United FCG, and World Advisory Group have further tainted its reputation, suggesting a network of operations possibly involved in deceptive practices.

Customer feedback and reviews have also highlighted significant issues, particularly concerning the withdrawal process and the execution of trades. Clients have reported unreasonable withholding of funds and difficulties in retrieving their investments, which is a red flag for any potential trader considering CCM Clearing as their brokerage of choice.

Conclusion ▲

Given the multiple red flags associated with CCM Clearing, including their unregulated status, the warnings issued by regulatory bodies, and negative customer experiences, it is strongly advised to steer clear of trading with CCM Clearing and its affiliated entities. The risks involved in dealing with an unauthorized brokerage are too high, with a significant chance of financial loss.

For those looking to engage in Forex trading, it is crucial to choose a broker that is regulated by reputable authorities such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC). Regulated brokers are held to strict standards of operation, providing a safer and more transparent trading environment for investors.

CCM Clearing Update

Upon further investigation, it has been found that the CCM Clearing website is no longer active, indicating that the broker may have ceased its operations. Despite this, traders should remain vigilant and avoid any future contact or proposals from CCM Clearing or related entities, as the potential for scams and fraudulent activities remains high. Choosing a regulated and reputable broker is the safest path for anyone looking to invest in the Forex market.