ANSWER Cidma CORP is not a licensed or regulated broker even though it states offers that look good to be true. Cidma CORP claims to be a licensed broker under multiple regulations including the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission of Belize (Belize FSC), and the Mauritius Financial Services Commission (Mauritius FSC). First, we searched Belize FSC and Mauritius FSC but found no matching results. Then when we searched in CySEC, we only found that CySEC has issued a warning that Cidma CORP does not belong to an entity that has been granted authorization for the provision of investment services. You can check the full warning from here.The truth is, Cidma CORP is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Cidma CORP and trade with licensed brokers.
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