Note: CCM's official website: https://capitalcitymarkets.com/ is currently inaccessible normally.
Capital City Markets Limited (CCM) is a global forex broker registered in Vanuatu, offering trading in forex pairs and commodities through MT4. However, the regulatory status is questionable, as its license is suspected to be cloned.
Pros and Cons
Is CCM Legit?
The regulatory license of CCM is a suspicious clone, meaning that it copies the licensed institution, and licensed numbers of other legitimate companies in order to mislead consumers and give the false impression that CCM is a legitimate broker.
What Can I Trade on CCM?
You can tradeforex pairs and commodities (spot metals) on CCM.
Account Type
CCM offers two types of live accounts: Micro Account and Standard Account.
In addition, it provides free demo accounts for beginners to accumulate trading experience in a risk-free environment.
The following table will show you the specific situation.
CCM Fees
CCM Spreads
A standard account at CCM offers a minimum spread of 0 pips, which is highly attractive. However, for micro accounts, the spread starts at 1.8pips.
CCM Commission
The commission for CCM is $3 per transaction, which is relatively at a moderate level within the industry.
Trading Platform
CCM offers the widely popular MT4 trading platform, which is currently available in desktop and mobile versions. Unfortunately, the broker does not offer a web-based version, meaning you are unable to access your account and place trades through a web browser without having to download or install any software.
Deposit and Withdrawal
CCM accepts deposits and withdrawals via Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Local Bank Transfers, Neteller, Skrill, and Trustly. Other info like minimum deposit/withdrawal amount, fees and processing time are not specified.
Customer Service
You can connect to CCM through phone and email. At the same time, you can also find them at offline physical addresses, but this is likely a fake address.
The Bottom Line
On CCM, you can trade various types of instruments with relatively low spreads. If this broker is legitimate, you have the opportunity to earn considerable profits. Unfortunately, it does not have a legal regulatory license and its official website cannot be accessed, so it is best to stay away from it.
FAQs
Is it safe to trade with CCM?
It is unsafe to trade with CCM as their regulatory license is a suspicious clone.
What is the minimum deposit at CCM?
The minimum deposit is $100.
Does CCM offer commission-free trading?
No, it charges $3 per round of trasaction.
