Read our Cmc Capitals review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a cmccapitals.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Cmc Capitals is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Cmc Capitals in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Cmc Capitals Review Conclusions
Making the Cmc Capitals review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Cmc Capitals review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Invested $400.00us using a credit card. When it doubled to $840.00us.
I withdrew my $400.00us. It was promptley returned to my credit card. That left $440.00 us.
They suggested deposit $2000.00us. I did using an E-Transfer. Lucky for me there was a glitch and they were unable to retrive the funds.
The next day I could no longer access my account. Left a message at 1-647-948-2496 for a Tom Wagner my recruter. No response. VERY WELL RUN BELIVABLE SCAM
I have been trying to contact The person handling my account Adam Baum in the United Kingdom for 3 weeks. The telephone here in Canada is steady busy even at 4 a.m.. The same happens to the phone in the United Kingdom, it’s steady busy even at 4 a.m. Canadian Time. I tried the internet and it will NOT go through. I don’t know where to go from here. Could you please help me. Helen Lujic
Update
Problem solved
How did the problem get solved Helen with Adam Baum?
Yes, he made sure I get the funds back.
Tom had me to ivest the first 250$, imaginary account seemed to grow well. His side kick Adam convinced me to invest 1232$ more. When I wanted to withdraw, Adam said I would have to open a wallet, at a cost of about 5,000$, then I could withdraw, about 33,000$. Sent several emails with no response. What a scam, they say they are regulated, but in reality, they are not. What a scam, and what a joke!!! I want my money back!!!
Adam Baum todate has over $25,000 of my money.
Athina (Blockchain Exchange)
Nov 21, 2021, 18:35 GMT
Hello,
This is definitely a scam.
Please do not have any further contact and do not send them any funds.
We are not in any way affiliated with this company that your mentioned. This person does not work for us and their claims are fraudulent. As a reminder: Blockchain will never contact users directly, we do not offer telephone support, will not ask for funds, your Recovery Phrase, pairing code or password via an uninitiated email; please notify us any time you notice opposing behavior. I advise you to contact your local authorities about it.
We would be grateful If you could provide us with additional details into how you began contact with this person. Please provide any contact details such as additional email address, social media account or website that you might have of this person and we will do our best to prevent this from happening again.
To begin our investigation, we would appreciate it if you could forward us the email that you received from these individuals along with the full headers. To obtain the full headers, you can follow steps 1 and 2 of How to read full email headers at https://support.google.com/mail/answer/29436?hl=en-GB. Please paste the full content of the headers to an email and forward it to us.
Alternatively, you could also send us any messages you have received from the fraudulent email addresses as an .eml file. Please have a look at the following guide for more information on how to export emails as .eml files in Gmail: https://support.google.com/mail/answer/9261412?hl=en
Thank you for reporting, please let us know if you have any questions.
Kind regards
________________________________________
Athina | Blockchain Exchange Support
Twitter: https://twitter.com/blockchain
Instagram: https://instagram.com/blockchainofficial
Disclaimer: Please note Blockchain.com does not provide investment advice or recommendations. The information made available to you is for your general use and is not based on any evaluation of your personal circumstances. If you are unsure of any investment decision, you should seek independent financial advice.
You were very lucky Helen.
I know you monitor thie site Adam Baum. I now have a case number with the RCMP.
You want to refund my investment I will stop. I was frauded by Baum illegaly using Blockchain Exchange without their knowledge.
Athina (Blockchain Exchange)
Dec 2, 2021, 9:31 GMT
Hello Richard,
I hope you are well.
Thank you so much for sending this information, we will do our best to prevent this from happening in the future. Being able to recognize a scam when you see one is very tricky sometimes. I appreciate you taking the time to be skeptical and reach out.
If you might require anything further from us now or in the future please don’t hesitate to contact us.
Kind regards
________________________________
Athina | Blockchain Exchange Support
Twitter: https://twitter.com/blockchain
Instagram: https://instagram.com/blockchainofficial
Disclaimer: Please note Blockchain.com does not provide investment advice or recommendations. The information made available to you is for your general use and is not based on any evaluation of your personal circumstances. If you are unsure of any investment decision, you should seek independent financial advice.
HERE IS MY LAST CORRESPOPNDENCE FROM ADAM BAUM of CMCcapitols
December 4th 2021
Hi old friend
The money is not in the company anymore.
I talked to the escrow company, they are trying to get a hold of you.
Sincerely
What people are saying about us (HERE)
Adam Baum
Financial Analyst
CMC Group.
You can reach me over here:
Whatsapp: 447553867381 (Fast respond)
UK: 447897045424
AUS: 61370379920
CA: 18735060709
*Brokerage Products: • No Bank Guarantee • May Lose Value
NONE OF THESE NUMBERS WORK.
________________________________________
THIS IS MY RESPONSE! HAVE NOT HEARD FROM HIL SINCE!
Well Adam,
if anybody was trying to contact me they would have my name, my email, my home address, and my phone number.
It seems to me they are not trying very hard. Maybe if they tried a little harder?
They can just make an E-transfer. You have that information.
Oh! My credit card number was used in a city other than mine. The bank flagged and locked it. I have a new one now. No problems?
Anything new with you?
Have a Merry Christmas.
DANGER!! WHEK DEALING WITH Adam Baum
Adum Baum
Financial Analyst
CMC Group.
You can reach me over here:
Whatsapp: 447553867381 (Fast respond)
UK: 447897045424
AUS: 61370379920
CA: 18735060709
If ADAM BAUM AT CMCCAPITOL askes you to pay money to withdraw your funds ITS A SCAM!
If ADAM BAUM AT CMC CAPITOL askes you to open bitcoin account with another company ITS an ADAM BAUM’s SCAM.
IF ADAM BAUM AT CMC CAPITOL asks you to transfer money from an account of yours, DONT. IT,s AN ADAM BAUM SCAM.
IF ADAM BAUM AT CMC CAPITOL requests credit card Info don’t give it. I did and my credit card info was sold on the black market. These people are a real bunch of low lifes.
In canada the RBC OPP and RCMP are tracking on them.
I know you read this Adam, Have a good new year. Say high to Helen for me.
Welcome to the New Year! No contact from Adam Baum. No money from CMC Capital. No surprise!
Sadly, since my last update I have had my credit card compromised in December and M.S. informed me
that my email address has been under attacked several times in the last week. Probably a coincidence!
I’m 73 and have never had these kinds of issues before CMC Capitol frauded me.
Maybe if they paid up my account?
Have a happy 2022 new Year Adam.
Your buddy Richard.
Wow you have me worried now, a smooth talking broker by the name of Tom Vagner has set me up and now wants my super fund.
After reading these articles on cmccapitals I’m very concerned.
At times my gut reaction was troubling me, now after researching their complaints by other public members will not be giving them my super will open another Bank Account and put it there where they cannot touch it.
I’m wondering now if I will get my other money back… I was getting red flags because they did not want me there deal with anyone else.
Maybe I can leverage them into giving my money back as a condition of giving them my superannuation ,then of course it will certainly cause a reaction.
This man constantly reassured me that I am not just a client but a friend that he intends to go travelling with me.
He is such a smooth talker, fortunately I have investments elsewhere he is not aware of.
So be interesting to see what happens when I pull my funds out…. he is going to be so pissed off.
But will put it to him that it’s a test before I put my superannuation in. Al
CMC Capitol is NOT your friends and never will be. They are professional con artists. You will lose your money. Talk to your bank or any reputable financial institution in your area. Ask them for their opinion on an offshore untouchable scam.
When you tell CMC Capitols you are done and want to close your account you will find out the truth.
TOM VAGNER and ADAM BAUM work together.
They also monitor this website so they now know your plan. I hope your loss is not as painful as mine was.
Hi again Allen,
I did not mention that when I tried to close my account I was conned again by these persuasive
Con Artists into sending more money to have my funds released. I was conned again and basically gave
them a bonus. Stupid me.
Good luck and DO NOT send them another penny. Report the fraud to the proper authorities and
provide them with any information you can.
Richard
Warning ⚠️ Adam and Tom are a SCAM SCAM SCAM stay away they’re bunch of thieves!!!!!!!!
Warning ⚠️ ITS A SCAM SCAM!!!!! Don’t give them any MONEY. They’re a fraud!!!!!
Hi Richard
I’m so sorry to hear you’ve lost that much money to these two SCUMS ADAM AND TOM. We unfortunately invested $20k, only recently. And now it’s GONE. I hope they never see a good day. There’s pit called hell waiting for them, when they take last breath of their SCUM LIVES and I hope that’ll be SOON!!!!!!!
To Tom and Adam, I hope Russian invade and put a stop to you both, bunch of scum FK you both, bunch maggots lowlifes losers. Karma is payback. Hell will be waiting for you here and after. You call your self men, gutless cowered
Maybe we should all get together and get some private detectives to track them down ?
I can think of some other moves but will not mention them here because the culprick$ monitor the site and don’t want to give my ideas away.
I have some information I’m going to pursue with tomorrow, see how that goes. As of now cmccapitals and Tom Vargner are on “ a need to know basis “ and will try to….my best to bring them undone and make their life “ unpleasant with sleepless nights “
No doubt they are laughing at the moment and think they are cleaver, but the more people do the wrong thing it’s just a question of time before they slip up and Karma delivers a “ punch “ back as for every action there will come an equal and opposite reaction. To those of you who have been ripped off stay strong contact the fraud squad.?.
May “the force be with you “
They are not real. Invested 250$, Tom and Adam had me to invest 1232$, then Adam told he, if I wanted to withdraw, 3000$ to be able to withdraw??? Said they were regulated, telephone numbers from everywhere in Canada. No withdrawl possible, no response to emails. Working on getting my money back :(. Please Do Not invest in this company, totally unproffesional!!!
Maybe a class action suit would help???
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
I can’t believe it Tom Vagner ( CMC Capitals Australia ) conned me again into giving him another $30,000 ! I’m Bipolar think I must have been on “ a bipolar high “ and my guard was down….” strangely “ after they received the money ( sic ) I could no longer contact them. Total scammed $51,000 …I have contacted my bank and now we are doing a charge back, they think I will get some but most will not be recoverable because of the way those transactions took place.
These cockroaches are “ total low life scum “ Thomas Vagner is a smooth talking Italian who once he can get your trust over time will suck you dry, will say almost anything to win you over.
As for rating no negative stars unfortunately.
Never played do business over the phone unless it’s a trusted company you already know …even then be on your guard, talk to your Bank first DON’T let them tell you to download software onto your computer such as “ any desk “ which allows them to see everything on your computer.
If these people or strangers contact you by phone about investments JUST HANG UP on them and save yourself heartache
ADAM BAUM AND REBBECA S ARE THE BIGGEST SCAMS. ALSO DO NOT transfer any money to Instamojo Technologies Banglore. That is Adam’s. He got upset at me for not wanting to invest more and that is when I saw the red flag.
I requested a withdrawal of my funds but never got it despite them sending me the following email:
Withdrawal Request Notification
Dear —————,
We would like to confirm that your request to withdraw funds from your Trading account 50377551 has been received.
You will be notified by your account manager once the request has been applied to your account.
Please check and for any issues please contact support via email and quote the request number: TT1644432120.
Kind Regards,
Cmccapitals Customer Support
If you have any questions, please contact one of our specialists, who are available 07:00-22:00 (GMT) Mon-Fri,
by e-mail at [email protected]
After several unsuccessful attempts of trying to reach out to Rebbeca S and Adam B I sent them the following email. Their emails: Adam B , [email protected], Rebbeca S
“I have just learned CMC Capitals is an unregulated broker. As such YOU HAVE BEEN INTENTIONALLY DELAYING the withdrawing of my funds for months. I am now aware if you delay it for six months, I won’t be able to file a chargeback anymore. You are a heartless company. I need my money back. I was very upfront with you about my money/
“investment”. I will be reaching out to my bank to issue a charge back until I hear from you.”
I got no response from either of them and nothing has been resolved.