CcMart Forex Broker Review: CC Mart is a forex broker that is located Texas, USA. In the review below, we take an in-depth look at the features CcMart.net allegedly offers. The review covers aspects of its licensing, its account types, its leverages, its withdrawal and deposit methods. Read through our review to see what we and other experts have to say about CC Mary Forex broker.
Table of Contents
CC Mart Trading Platform
Our first impression of CcMart.net was that it felt empty. Going through the site, we saw that they had not provided the necessary and required information.
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We also discovered that this broker in question doesn’t support neither the MT4 nor the MT5 trading platform, in fact it doesn’t make it clear that it supports any trading platform at all.
CC Mart broker gives some few advantages to using their platform.
- PAYMENT OPTIONS
- STRONG SECURITY
- WORLD COVERAGE
- EXPERIENCED TEAM
- ADVANCED RREPORTING
- CROSS-PLATFORM TRADING
- EXPERT SUPORT
- INSTANT EXCHANGE
CCMart Account Types
In this portion of the review, we aim to explore the account types a broker might have. We check the account with its corresponding deposit and leverage. Doing this gives a clearer idea as to how a broker might work.
After thoroughly checking we discovered that this broker doesn’t dedicate any part of its website to the account types it has, that is, if they have any at all.
CC Mart Deposit and Withdrawal Methods
Deposit and withdrawals are the two most important transactions for us, because the end goal of trading is making a profit. In this section, we look at these methods to make sure everything is okay with it.
This broker claims it supports MasterCard, Net exchange, KBC bitminer, and USA bitclub.
We could not help but notice that most of its payment options have something to do with Cryptocurrency. And Cryptocurrency can be hard if not impossible to refund when it goes through.
This broker claims not to have any withdrawal fees.
Another thing to keep in mind is that there might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal
Is CC Mart Licensed?
Licensing is another important part, because a regulated broker can be trusted to some extent not to do anything fraudulent. We do this part of the review by first checking the name of the company attached to the broker. Then we run that name through various regulatory bodies to discover if it is actually regulated.
CcMart.net claims that the business is located at 3505 harrison avenue, beaumont, tx 77706. And is Regulated by the CFTC and based in New York. It is also regulated by the IFSC of Belize, as well as the Cyprus Securities and Exchange Commission.
While this clearly rubbish, but to perform due diligence. So in order to ascertain if this broker was licensed, we had to check several regulatory bodies. We checked the FCA in UK, ASIC in Australia, CySEC in Cyprus, BaFin in Germany, CONSOB in Italy and many others. At the end of our search we didn’t find any licensing information concerning this broker.
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Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with ccmart.net as they don’t give any information concerning if they are a regulated broker.
CC Mart is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading option.