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From my perspective as a forex trader who places a high value on regulatory oversight, CMCU's regulatory background is a core concern. CMCU holds an Investment Advisory License regulated by ASIC in Australia, which—in theory—should mean certain client protections and minimum standards around financial conduct. ASIC usually requires Australian businesses in the financial services sector to employ transparency, maintain fair dealing, and implement some client fund security measures. For me, these elements are fundamental when deciding where to place my capital. However, I noticed that CMCU’s ASIC license is currently listed as “exceeded.” This status typically means the broker is operating outside the boundaries of its original regulatory permission or that their license may no longer be valid. This immediately raises red flags; since regulatory oversight only meaningfully protects clients as long as the entity is fully compliant and the license is active. If a broker’s regulatory authorization is “exceeded,” there may be gaps in supervision, reduced scrutiny of their business practices, and ultimately, less enforceable protection should things go wrong. In my view, while some security procedures are mentioned (like vigilance against fraud and data security), without robust and current regulatory coverage, the true safeguarding of client funds is severely compromised. In this situation, I always advise extreme caution and, personally, would look elsewhere until regulatory clarity and compliance are restored.