Reported Website: http://en.cmitrader.com/
CMI Trader claims to be regulated by the UK regulator Financial Conduct Authority (FCA) under reference number: 222417. However, when we searched in FCA, we found this broker is no longer under valid regulation by FCA since it is not authorized. That means the regulation info this broker claims on the website is false statements for unsuspecting traders. The truth is, CMI Trader is not overseen by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
