CGR Consultants has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". No further information available. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.cgr-consultants.com.
Do not believe the bonus offer from CGR Consultants. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through word of mouth in my investment club and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: API access|Helpful community forum|Intuitive for beginners|Economic calendar
Cons: Currency conversion fee exists|Search feature is basic
I trusted CGR Consultants with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Regular platform improvements|Reliable uptime
Cons: Email notifications too frequent|None so far
CGR Consultants offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Demo account available|Excellent charting|Real-time alerts|Social trading features
Cons: Would like more payment methods
CGR Consultants advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Professional team|Wide product range|Regular platform improvements|Dividend tracking
Cons: Limited social trading features|Withdrawal takes 1-2 business days
The hidden fees at CGR Consultants are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Portfolio tracking tools|Responsive team
Cons: Some tools only available on higher tiers|No phone support on weekends
KYC with CGR Consultants is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Easy withdrawals|Dividend tracking|Segregated accounts|Helpful community forum
Cons: Mobile app could be improved
If you are reading this considering CGR Consultants - run. I wish I had read more negative reviews after hearing about them at a conference. I thought the positive ones were real. Maybe some are. My experience over since early this year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Stable platform|Multi-currency support|Low minimum deposit
Cons: No live chat on mobile|No integrated tax optimization
CGR Consultants had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Fast execution|Educational resources|Multi-device support|Good mobile app
Cons: Wish they had more educational resources|Limited cryptocurrency options