WikiFX Visited Forex Broker CMCMarkets in Singapore

Broker: CMCMarkets

Visited on: October 5th, 2019

Conclusion: broker truly exists.

On-the-spot investigation

Regulatory information suggests the licensed branch of CMCMarkets in Singapore is at 9 Raffles Place #30-02 Republic Plaza Tower, and WikiFX recently visited the broker at the site.

We drove to Market Street and found the striking logo of Republic Plaza, located in a bustling CBD. The building has strict security measures and we weren‘t able to check on the broker’s office without reservation. Fortunately, there was a LED board in the lobby showing information of all companies in the building, and through that we learned CMCMarkets is located at room 02 and 03 on the 30th level, which matches address from broker‘s regulatory information. We conclude that CMCMarkets’ licensed branch in Singapore really exists.

Analysis

As we wrapped up the visit to CMCMarkets, WikiFX‘s on-spot investigation series in Singapore is coming to a close. Although there aren’t so many forex brokers in Singapore due to geographic reasons, most Singapore-based brokers are quite reputable, thanks to the strict regulation system of Monetary Authority of Singapore (MAS).

According to CMCMarkets website, the company was established in 1989 and is a leading global CFD provider, boasting over 30 years of rich experience. Listed at the London Stock Exchange in 2016, CMCMarkets now has branches in 15 countries worldwide, handling over 4 million transactions every month. Per checking regulatory information, CMCMarkets is fully authorized in its business, holding retail forex brokerage license from MAS (Singapore) and MM license from FCA (UK), among other licenses.

Conclusion

WikiFX App shows CMCMarkets to be under valid regulation, holding MM licenses from ASIC (Australia), FCA (UK) and FMA (New Zealand) respectively and retail forex licenses from BAfin (Germany), BDF (France) and MAS (Singapore) respectively. The long-established broker has a high-rating of 9.68 on WikiFX App, suggesting high credibility, and investors may entrust your assets to CMCMarkets.