0416 905 115: Legit or Scam? Uncovering the Truth Behind CMC Markets

3-min Read7 Reports

  • Suspicious
  • Scam
  • Legit

Is 0416 905 115 legitimate or a scam? This article explores user reports and provides guidance on handling communications from this number, linked to CMC Markets.

Understanding 0416 905 115

The phone number 0416 905 115 / 0416905115 has been reported by users as both a legitimate contact and a source of potential scams. It is primarily associated with CMC Markets, a legitimate trading platform; however, users have reported receiving both verified notifications and suspicious messages. This article breaks down the reports to help you determine how to deal with calls or texts from this number.

Legitimate Functionality

Many users have confirmed that 0416 905 115 / 0416905115 is used by CMC Markets to send out verification codes for multi-level authentication processes related to password changes or resets. Such verifications are crucial for the security of your trading account and demonstrate CMC Markets' commitment to safeguarding user information.

Scam Concerns

Despite its legitimate use, there have been reports of fraudulent messages sent from this number. Multiple users noted receiving unsolicited texts that appeared to be from CMC Markets but actually contained dubious authorization codes. For instance:

  • One user received two texts claiming to be from CMC Markets, featuring different authorization codes despite no current relationship with the platform.
  • Another concerned user received suspicious messages regarding changes in their Bendigo Bank account, prompting communication with the bank, which confirmed these messages were scams.

Classification of 0416 905 115

Based on the compiled user experiences, we classify 0416 905 115 / 0416905115 as a mixed usage number. It legitimately serves the functions of communication from CMC Markets, yet there are reports indicating that scammers are leveraging the same number to exploit unsuspecting individuals. Shifting from genuine alerts to scams calls for caution.

How to Handle Communications from 0416 905 115

If you receive a message or call from 0416 905 115 / 0416905115, consider the following steps:

  • Verify Identity: Check if you have an account with CMC Markets and whether you are expecting such communication.
  • Ignore Suspicious Messages: If you receive unexpected messages, do not respond and block the number if it appears fraudulent.
  • Contact CMC Markets Directly: For any concerns about your account, reach out to CMC Markets through official channels to verify the legitimacy of the communication.

For those uncertain about who called you or if you've received suspicious messages, Reverseau and its reverse phone lookup capabilities can assist you in uncovering the truth and staying safe. Protect yourself and your information by being vigilant about unexpected communications.


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Ratings Distribution

3.3 out of 5
5 Stars 43%
4 Stars 0%
3 Stars 29%
2 Stars 0%
1 Star 29%

What Our Users Reviewed

A
Anonymous

I tried ringing back and got a message that Optus says the number's disconnected. Too many dodgy reviews floating around – smells like a scam!

W
Wisdom

I received a message instructing me to contact them immediately about a change to my phone number. I can confidently say this is a scam, as I have no connection to this business whatsoever. Please be careful, everyone!

K
Krull

I received two messages regarding my Bendigo Bank account. The first message was from CMC Markets, which is a legitimate company handling share market trades for Bendigo Bank. However, I received a second message two months later stating, "Your Bendigo Invest Direct Authorisation Code is XXXXXX." Concerned, I contacted the bank directly, and they confirmed that this message is indeed a hoax. I have since deleted, blocked, and reported the number here for safety.

L
Lenzi

This phone number is used by CMC Markets for sending a code for the multi level authentication when you do a password change/reset from the CMC Markets website. Not sure if CMC Markets use it for any other reason.

P
Pieters

This phone number is associated with CMC Markets and is used to send verification codes for multi-level authentication during password changes or resets on their website. I am unsure if they use this number for other purposes.

R
Rosenblatt

This morning, I received two text messages claiming to be from "CMC Markets," each containing a different authorization code. However, I have not had any transactions or dealings with CMC Markets for over two years, suggesting that these texts may be fraudulent.

B
Bradbury

I received a legitimate notification regarding a designated share reaching a specific price. The information was accurate, and I had previously requested to be alerted if this situation arose, so I found it helpful.


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