High Risk
Reported as a scam / unregulated
SF-700517registry entry
Why CMG is on the register
CMG seems to have copied the registration and licensing information of a legitimate broker, Axi, to appear genuine. Our close comparison suggests that CMG only replaced the branding name with their own when copying such information. In addition, while we found a CMG AUSTRALIA PTY LTD on the register of the Australian Securities and Investments Commission (ASIC), a representative authorized by Axi, the appointment was ceased in 2019. We suspect this is a case of identity theft. Investors should exercise extreme caution.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.