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The WikiFX Score of this broker is reduced because of too many complaints!

CME Group

United States|5-10 years|
Suspicious Regulatory License|Global Business|High potential risk|

https://www.cmegroup.com/

Website

Rating Index

Influence

Influence

AAA

Influence index NO.1

United States 9.35

Surpassed 44.58% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 312 930 1000
NCAGlobal@cmegroup.com
https://www.cmegroup.com/
https://www.facebook.com/CMEGroup
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+1 312 930 1000

Broker Information

More

Company Name

CME Group Inc.

Company Abbreviation

CME Group

Platform registered country and region

United States

Company website
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Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-04-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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    CME Group · Company Summary

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information

    CME Group Review Summary in 10 Points
    Founded 1898
    Registered Country/Region United States
    Regulation No license
    Market Instruments agriculture, energy, equity indices, FX, interest rates, metals, cleared swaps, cryptocurrency and ESG
    Demo Account Available
    Leverage N/A
    EUR/USD Spread N/A
    Trading Platforms N/A
    Minimum deposit N/A
    Customer Support Mon-Fri 7:00-5:00 phone, email

    What is CME Group?

    CME Group, a trading name of CME Group Inc., is a future broker registered in the United States that claims to enable clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data. CME Group offers a wide range of trading instruments, including futures and options contracts on commodities, interest rates, equities, and more. The company also provides market data, trading tools, and educational resources to help traders and investors make informed decisions.

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    CME Group

    Pros & Cons

    CME Group is a reputable and well-established exchange with a wide range of products and trading tools. However, there are concerns about the lack of regulatory oversight and negative reviews from some clients regarding scams and withdrawal issues. Traders should carefully consider these factors before deciding to trade with CME Group.

    Pros Cons
    • Wide range of market instruments • Lack of regulatory license
    • Variety of trading tools • Negative reviews from clients
    • Extensive educational resources • Limited information on trading conditions
    • Demo accounts available

    CME Group Alternative Brokers

      There are many alternative brokers to CME Group depending on the specific needs and preferences of the trader. Some popular options include:

      • KVB Kunlun - With a wide range of trading instruments, KVB Kunlun provides a reliable platform for traders, but their customer service can be slow at times.

      • LegacyFX - LegacyFX is a regulated broker that offers a good selection of trading instruments and educational resources, but their fees are higher compared to some other brokers.

      • Synergy FX - Synergy FX provides access to various trading platforms and a good selection of trading instruments, but their customer support may not be available 24/7.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is CME Group Safe or Scam?

    CME Group is a legitimate and reputable company that operates some of the largest and most liquid financial markets in the world. However, it is true that CME Group does not hold any regulatory license as they are a self-regulatory organization (SRO) and are subject to oversight by various government agencies such as the Commodity Futures Trading Commission (CFTC).

    As for the negative reviews and complaints from clients about scams and difficulty in withdrawing funds, it is important to take them into consideration when evaluating the safety of using CME Group's services. It is always recommended to do thorough research and due diligence before depositing funds with any financial institution or trading platform, and to be cautious of potential scams or fraudulent activities. It is also important to keep in mind that some negative reviews may be biased or not representative of the overall experience of using CME Group's services.

    Market Instruments

    CME Group is a global derivatives marketplace that offers a wide range of instruments across various asset classes, including agriculture, energy, equity indices, FX, interest rates, metals, cleared swaps, cryptocurrency, and ESG. The agriculture offerings include corn, soybeans, livestock and dairy, among others. In the energy sector, CME Group offers futures and options on crude oil, natural gas, and refined products. Equity index futures include the S&P 500 and NASDAQ 100, while interest rates include treasury bonds, Eurodollars, and Fed Funds futures. The exchange also offers gold, silver, copper, and other metal futures.

    Market Instruments
    Market Instruments

    CME Group has expanded its offering to include cryptocurrencies such as Bitcoin futures and options, as well as ESG futures that focus on renewable energy and other sustainable investments. With such a wide range of instruments, CME Group provides a diverse set of opportunities for traders to manage their portfolio risk and speculate on market movements.

    Accounts

    CME Group offers demo accounts to traders who want to test their trading strategies in a risk-free environment. However, there is no information available on their website about the types of trading accounts offered by CME Group. It is unclear if they offer live trading accounts or if there are any minimum deposit requirements or other account-related details. Traders who are interested in trading with CME Group are advised to contact their customer support team for more information about account options and features.

    Trading Tools

    CME Group offers a wide range of trading tools to help traders make informed decisions. These tools include pricing, volatility, and strategy tools, which allow traders to analyze pricing and volatility data and develop trading strategies accordingly. The product and market data tools provide information on market trends and allow traders to track price movements and trading activity in various markets. The volume and open interest tools provide valuable information on market liquidity and trader sentiment.

    Additionally, CME Group offers single-asset class tools for specific markets, such as energy or metals, providing traders with detailed information on those markets. These trading tools can be a valuable resource for both novice and experienced traders looking to make informed trading decisions.

    Trading Tools

    Trading Hours

    The trading time at CME Group is from Sunday 5 p.m. to Friday 5:45 p.m. CT with no reporting from Monday to Thursday at 5:45 p.m.- 6 p.m. CT for CME and CBOT Products; from Sunday 6 p.m. to Friday 5:45 p.m. CT with no reporting from Monday to Thursday at 5:45 p.m. - 6 p.m. CT for CME OTC FX Products; and from Sunday 5 p.m. to Friday 4 p.m. CT with no reporting from Monday to Thursday at 4 p.m. - 5 p.m. CT for NYMEX and COMEX.

    Fees

    CME Group charges various fees for clearing and trading on their platform, and these fees can vary based on factors such as contract type, volume, and membership status. Exchange fees are charged for both clearing and trading, and there may be additional fees for services such as market data, connectivity, and membership.

    The exact fees charged can be found on CME Group's website, and users are advised to carefully review and understand these fees before using the platform. It's also important to note that some fees, such as margin requirements and trading commissions, may be charged by individual brokers or clearing firms rather than directly by CME Group.

    Fees

    Customer Service

    CME Groups customer support can be reached from Monday to Friday at 7 am to 5: pm (Central Time) by telephone: +1312 9301000, email: GlobalSalesDesk@cmegroup.com (new client inquires). You can also provide feedback or share an idea on their website. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook, Instagram, YouTube and LinkedIn.

    Customer Service
    Pros Cons
    • Multiple contact options available • Limited hours of operation
    • Active presence on various social media • No live chat support
    • Experienced and knowledgeable staff • No local language support for non-English speakers
    • Limited personalized support

    Note: These pros and cons are subjective and may vary depending on the individual's experience with CME Group's customer service.

    Education

    CME Group provides an extensive range of educational resources to help traders at all levels improve their knowledge and skills. These resources include articles, videos, brochures, case studies, FAQs, newsletters, webinars, whitepapers, courses, lessons, and demos and tutorials. The educational content is designed to provide traders with insights into market trends, trading strategies, risk management, and other topics relevant to trading futures and options.

    The courses and lessons cover a wide range of topics from basic trading concepts to advanced strategies. The webinars and live events are conducted by industry experts and provide traders with an opportunity to learn from experienced professionals. Overall, CME Group offers a comprehensive education program that can benefit both novice and experienced traders.

    Education

    User Exposure on WikiFX

    On our website, you can see that some users have reported scams and unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Conclusion

    On the whole, CME Group is a well-established and respected financial institution that offers a wide range of market instruments, trading tools, and educational resources to its clients. However, CME Group has received negative reviews from some clients regarding scams and issues related to withdrawals. Additionally, the platform's fees can be high for some users. Therefore, potential clients should do their research and weigh the pros and cons carefully before deciding to use CME Group as their trading platform.

    Frequently Asked Questions (FAQs)

    Q 1: Is CME Group regulated?
    A 1: No. It has been verified that this broker currently has no valid regulation.
    Q 2: Does CME Group offer demo accounts?
    A 2: Yes.
    Q 3: Is CME Group a good broker for beginners?
    A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of the negative reviews from their clients.

    News

    WIKIFX REPORT: New micro oil options from CME Group

    NewsWIKIFX REPORT: New micro oil options from CME Group

    2022-08-19 17:24

    From the last two weeks ago, CME Group launched its new micro oil options . These weekly and monthly options will give investors from anywhere in the world access to the most liquid crude oil contract in the world. At iBroker you have them available now on all our trading platforms: Web, Mobile Apps, TradingView and Visual Chart for only 2.25 USD per contract

    WikiFX
    2022-08-19 17:24
    News
    WIKIFX REPORT: New micro oil options from CME Group
    DOLLAR EASES AS POWELL BUMP FADES

    NewsDOLLAR EASES AS POWELL BUMP FADES

    2022-03-23 15:50

    On Tuesday, the yen dropped below the critical 120 level for the first time since 2016, after Federal Reserve Chair Jerome Powell's hawkish speech increased bets on rising US interest rates and widened the policy gap with a dovish Bank of Japan.

    WikiFX
    2022-03-23 15:50
    News
    DOLLAR EASES AS POWELL BUMP FADES

    User Reviews

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    User comment

    6

    Comments

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    Capitanfx
    3-6months
    I had an open short operation in the S&P 500 which was in profit of 400 dollars, mind you I was waiting for important news in the market, well the thing is that the news arrived and the broker closed the operation at my stop loss -150 dollars, it seemed strange to me since the news had been negative for the S&P 500, so I started to check the charts in other brokers and surprise there was no fuse in Tradingview and Pepperstone, I even searched for instruments on the same CME GROUP platform linked to the dollar (NADAQ, USDJPY, EURUSD, GBPUSD) and none of them had the wick, I ignored it, I continued trading in other markets but it is strange that wicks always appear that close my operations in losses. IN SUMMARY THE BROKER WILL ALWAYS PLAY AGAINST YOU, IT DOESN'T WORK FOR YOU TO EARN MONEY AND IF YOU TRY TO WITHDRAW THE REMAINING MONEY THEY WILL PUT YOU IN OBSTRUCTIONS
    2023-12-08 22:49
    Reply
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    0
    旭99364
    more than one year
    This company CME Group is able to offer a wide variety of products, but I've seen people say it's a scam. To be on the safe side I won't trade here!
    2023-02-17 15:51
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    0
    0
    FX1166932667
    more than one year
    I’ve traded with this broker once, and my trading experience here was large ok expect for high trading fees. But I still want to give its customer service five stars for helping me withdrawing my funds on time.
    2022-12-19 12:41
    Reply
    0
    0
    红龙团队:龙哥
    more than one year
    This company doesn't speak Spanish, only English, so don't waste your time here if that matters to you as much as I do. We can look for other more suitable forex brokers.
    2022-12-16 11:11
    Reply
    0
    0
    王智
    more than one year
    You have to pay huge taxes for withdrawing money??? It's a scam. As soon as I heard them say that they have to pay again to withdraw money, I felt that something was wrong. . I didn't pay, and then they locked my account, and after a while, they couldn't log in to their platform. .
    2022-12-14 18:25
    Reply
    0
    0
    Machebbb
    more than one year
    I traded spot gold on this platform in October this year, during which time I made some profits. When I asked to withdraw money, they refused, saying that there is a problem with my account and it will take some time to process, I waited for almost two months and did not get any response, I called them and kept saying let I'll wait, I don't know how long I'll have to wait!
    2022-12-13 09:51
    Reply
    0
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