Be wary of CCG
I was introduced to CCG when searching to buy crypto. A marketing rep (I presume) walked me through paying $US250 to a training website which I have since confirmed has no affiliation with CCG and they were not even aware this was happening. I have asked for this money back. Additionally CCG did not progress any crypto purchasing, instead it emphasized and demonstrated spread betting. The CCG broker then applied pressure to invest, with very convincing arguments that I should put in as much as I can and then more, it did look very good and I believed there were good reasons to be investing at that time. I could only invest into my CCG account through a third party crypto wallet, so I have no direct connection to a fund account with CCG and crypto transactions are very difficult to trace. I then got wary of the very high returns and the trading was starting to scare me, sleepless nights etc.. I work full time and cannot afford the distraction so I stopped trading while my original capital was still intact and requested a withdrawal of all my funds. My broker tried to convince me to stay on but eventually agreed trading was not for me. My broker also said, and I quote "When we’re closing the account, we need to return the contracts first that are tied to these funds. Expect the wd by the end of this week". Three weeks and many emails and live chats latter and I am still waiting for my funds. I keep getting the excuse that their finance department is very busy. Based on my experience and research there is a very real chance that CCG is a scam and I will never see my money again. CCG ticks many of the scam warning boxes in the guidance from financial regulators (pressure to invest, promises of very high earnings, non regulated, third party crypto transactions, no contact address) I'll change my review if my money is returned, however I would only give a 3 as I am not happy with the dishonest way I was introduced to the company or the delay in the withdrawal.
March 29, 2022
Unprompted review