CMC Trust (cmc-trust.org) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: Walchestrasse 9 8006 Zürich Switzerland This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: cmc-trust.org.
After since I opened my account last year with CMC Trust (cmc-trust.org), 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: Demo account available|API access|Automated trading options|Fast support response
Cons: No dark mode on mobile|No fractional shares
The reporting at CMC Trust (cmc-trust.org) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Regular updates|Wide product range|Dedicated account manager
Cons: None so far
KYC with CMC Trust (cmc-trust.org) 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: Dividend tracking|Transparent fees
Cons: No live chat on mobile
Opened my account with CMC Trust (cmc-trust.org) after a trusted YouTuber reviewed them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Smooth onboarding|No hidden fees
Cons: Charting tools need more indicators|No live chat on mobile