Cgma-trade Review


Warning Investors cgma-trade – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements


The Financial Services Authority (FSA) of the United Kingdom has issued a warning regarding an unauthorized entity called cgma-trade, which claims to offer crypto trading services. The FSA states that cgma-trade is not authorized to provide any regulated activities in the UK and advises consumers to be wary of dealing with this firm. The FSA also reminds consumers that they will not be protected by the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS) if they invest with an unauthorized entity.

Regulation and Compliance:

Crypto trading is a high-risk activity that requires proper regulation and compliance to ensure the safety and security of investors. However, many scam brokerages operate in the crypto market, offering unrealistic returns and enticing bonuses to lure unsuspecting customers. These brokerages often have no license, no physical address, no customer support, and no transparency. They may also manipulate prices, charge hidden fees, or refuse to process withdrawals. Therefore, it is essential to check the regulatory status of any crypto brokerage before investing with them.

Customer Support:

One of the indicators of a legitimate crypto brokerage is the quality of its customer support. A reputable brokerage will have a dedicated team of professionals who can answer any queries or issues that customers may have. They will also provide multiple channels of communication, such as phone, email, live chat, or social media. On the other hand, a scam brokerage will have poor or nonexistent customer support. They may ignore customer complaints, provide vague or misleading information, or use aggressive or rude language.

Customer Reviews:

Another way to assess the credibility of a crypto brokerage is to read customer reviews from various sources. Customer reviews can provide valuable insights into the experience and satisfaction of other investors who have used the brokerage. They can also reveal any red flags or warning signs that may indicate a scam. However, customer reviews should be taken with a grain of salt, as some of them may be fake or biased. Therefore, it is advisable to look for reviews from independent and reputable platforms, such as Trustpilot, Forex Peace Army, or Scam Broker Investigator.

How can crypto transactions be traced?

Crypto transactions are recorded on a public ledger called a blockchain, which is a distributed network of computers that verify and store transaction data. Anyone can access the blockchain and view the history and details of any transaction. However, crypto transactions are pseudonymous, meaning that they do not reveal the real identity of the sender or receiver, but only their cryptographic addresses. Therefore, tracing crypto transactions requires linking these addresses to real-world identities, which can be done by using various methods, such as:

– Analyzing transaction patterns and behaviors

– Following money trails and tracing funds

– Using blockchain forensics tools and services

– Obtaining information from exchanges or wallets

– Collaborating with law enforcement agencies or regulators

Shielding Your Finances: Measures to Avoid Scam Brokerages:

To protect yourself from scam brokerages in the crypto market, you should follow these measures:

Do your research: Before investing with any brokerage, you should do your due diligence and verify their background, reputation, regulation, and compliance. You should also check their website, terms and conditions, privacy policy, and risk disclosure.

Avoid unrealistic offers: If a brokerage promises you guaranteed profits, high returns, low fees, or free bonuses, you should be skeptical and cautious. These are common tactics used by scammers to attract customers and trap them into their schemes.

Use secure platforms: You should only use reputable and regulated platforms to trade crypto. You should also ensure that the platform has adequate security measures, such as encryption, authentication, firewall, anti-virus, etc.

Keep your private keys safe: Your private keys are your access to your crypto funds. You should never share them with anyone or store them online. You should also use a hardware wallet or a cold storage device to keep your private keys offline and away from hackers.

Be vigilant: You should always monitor your account activity and transactions and report any suspicious or unauthorized activity to the platform or the authorities. You should also keep yourself updated on the latest news and trends in the crypto market and be aware of any potential scams or frauds.


Crypto trading can be a rewarding but risky venture that requires caution and prudence. You should be careful of scam brokerages that operate in the crypto market and try to deceive you with their fraudulent schemes. You should also follow the measures mentioned above to avoid scam brokerages and shield your finances. Remember that if something sounds too good to be true, it probably is.

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