CMC Bits (cmcbits.com) has been flagged by ASIC (Australia) for "Unlicensed". Search IC001 for other entities related to this alert. Link to warnings from overseas regulators: OSC https://www.osc.ca/en/investors/warnings/cmcbits FCNB https://fcnb.ca/en/news-alerts/caution-cmcbits-trading This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: cmcbits.com.
CMC Bits (cmcbits.com) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Wide product range|Clean UI|Comprehensive tools
Cons: Charting tools need more indicators
The hidden fees at CMC Bits (cmcbits.com) 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: Personal attention|Good mobile app|Transparent fees|Copy trading available
Cons: Email notifications too frequent
After since I opened my account last year with CMC Bits (cmcbits.com), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Segregated accounts|Detailed reporting|Great customer service
Cons: Nothing significant|Mobile app could be improved
I trusted CMC Bits (cmcbits.com) 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: Full transparency|Demo account available|Clear documentation
Cons: Slow to add new assets|None so far