CMTrading

CMTrading Review

CMTrading Review
8.2

Regulation

8/10

Minimum Investment

7/10

Spreads & Commissions

7/10

Forex Software

10/10

Bonuses

9/10

Demo

9/10

Customer Support

9/10

Pros

  • Regulated by the FSB of South Africa
  • Social trading feature through the CopyKat tool
  • A wide variety of Forex trading platforms
  • Traders can avail a bonus and risk-free trades

Cons

  • No direct market access account
  • Higher investment and spreads
  • Assets do not include shares, bonds, and cryptocurrencies

 

Get Precise Details About CM Trading’s FX Services By Reading Our CMTrading Review Today!

The availability of a wide range of broker options clearly makes it easy for traders to choose a secure brokerage for their Forex trading ventures. Brokers do have varying account packages, trading conditions, and personalisation options, but it ultimately depends on a trader to make an informed choice as per their trading requirements. In that context, only a professional broker review can provide all the vital specifics about a broker’s performance.

 

 

CM Trading is one of the numerous companies that have a conventional Forex and CFD trading product, albeit with a few innovative features that present the broker with an edge over the competition. For an accurate representation of all the products and service, read our CM Trading Forex broker review for complete details on the cost of trading, platform options, and bonus.

 

CM Trading Company Information

CM Trading takes advantage of the rise in popularity of South Africa as a leading global economy and is perhaps one of the largest Forex brokers that are based out of the African Continent. CM Trading is a proprietary brand name that was introduced quite recently by a joint venture between Global Capital Markets Trading and BLACKSTONE Marketing SA (PTY) LTD. As far as CM Trading regulation for Forex trading is concerned, the broker is regulated by the Financial Services Board (FSB) of South Africa, but all credit card payments are processed through CMT Processing Limited that is based out of Cyprus. Unfortunately, CM Trading is not regulated by CySEC, despite its European base, and is a slight cause for concern for traders.

 

 

The FSB of South Africa caters to the safety and security aspects of investors from the country through regulations and policies that are derived from other major regulators that operate in the global financial markets. It is normal for traders to have a greater sense of confusion surrounding the efficiency of regulatory agencies from countries such as SA, but the FSB tries to emulate the standards adopted by leading regulators such as the FCA of the UK and the CySEC of Cyprus.

One of the primary concerns for traders is that CM Trading may not be able to offer its services to countries such as the US, Australia, Japan, and parts of the EU. Although the broker has not specifically mentioned its policies in these regions, an FSB license would not suffice to operate in the highly regulated and secure environment offered by the major players in the global economy. Hence, seek professional assistance to know your options of trading with CM Trading from your region.

 

CM Trading Financial Instruments

If you are just looking to invest in the popular FX market, CM Trading can indeed provide a dependable trading account with access to some of the most traded assets in the market. Of course, all CM Trading assets are provided in the form of Contracts For Differences (also known as CFDs), where the broker acts as a market maker to offer contracts for both buy and sell ends of the market. Obviously, the market maker protocol has a few limitations and may not be as flexible or reliable as an ECN/STP protocol.

CM Trading offers market access to the popular Forex pairs, commodities, and indices, but does not offer any shares or cryptocurrencies. Cryptocurrencies are certainly taking the market by storm, but it is a huge error on CM Trading’s part to have avoided the cryptocurrencies market as a whole. Traders would certainly prefer a broker that offers comprehensive access to the markets, mainly when most leading Forex brokers in the market offer a huge range of assets, including shares and bonds. Take a look at financial assets offered by CM Trading:

Forex: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, NZDUSD, EURJPY, GBPJPY, EURGBP, EURAUD, EURCHF, GBPCHF, EURCAD, CHFJPY, EURNZD, AUDJPY, CADJPY, AUDCHF, NZDJPY, AUDNZD, AUDCAD, AUDUSD, CADCHF, GBPAUD, GBPCAD, NZDCAD, NZDCHF, USDZAR

Indices: S&P 500, DJ 30, NASDAQ 100, CAC 40, DAX 30, FTSE 100, NIKKEI 225 (Japan), Hang Seng (Hong Kong), S&P / ASX 200 (Australia), DJ EURO STOXX50, FTSE / MIB (Italy), S&P/IBEX (Spain), AEX (Netherlands), MSCI (Taiwan), JSE, USDX (US Dollar Index)

Commodities: Gold, Oil, Coffee, Metals, Natural gas, Sugar

 

CM Trading Bonuses

CM Trading offers multiple promotions to its traders, which include a deposit bonus, risk-free trades, and an international debit card. All deposits that are more than $500 are eligible for a 20% bonus, where the maximum bonus eligible for a single account holder is pegged at $1000. Naturally, CM Trading’s FSB license grants it the freedom to indulge in bonuses and promotions, unlike its EU and US counterparts. The risk-free trading bonus is also dependent on the type of account chosen by the trader, which offers up to three risk-free trades after making the initial deposit.

 

 

Traders can also opt for the international debit card, instead of a deposit bonus, which allows them to withdraw their money instantly without any processing time. The international debit card is directly associated with the trading account, but traders can only withdraw funds after ensuring that there is sufficient margin in the account to satisfy the open/pending orders. Traders can just choose one offer between the debit card and the deposit bonus, so choose your bonus wisely.

 

CM Trading Apps

The main advantage of opening an account at CM Trading is the sheer availability of trading platforms and interfaces for trading. Traders have multiple options to choose their preferred CM Trading platform, namely, the MT4 and the CMT Web Trader, which offers an amazing array of tools for trading. For instance, the MT4 trading terminal is a dependable Forex trading platform that offers one of the most secure and reliable trading environments in the market, while the CMT WebTrader is designed for customers who wish to trade the markets through their device’s web browser. CM Trading is compatible with most operating systems, including Windows and Mac OS.

 

 

CM Trading has also developed an innovative social trading platform, known as the CM Trading CopyKat, which is essentially a copy trade account that allows clients to copy trades from more successful traders. The CopyKat platform is an incredibly powerful tool that combines all the features of a PAMM and a social trading account, effectively allowing traders to profit from the market through successful investing.

 

CM Trading Mobile Platform

The MetaTrader4 platform offers an excellent combination of desktop and mobile trading apps, allowing CM Trading to offer comprehensive support for mobile Forex trading. Traders can download the MT4 apps on their Android, iOS, or Windows devices, along with using the company’s proprietary CM Trading WebTrader through their device’s web browser. CM Trading promises excellent compatibility for both smartphones and tablets, but the company has additionally offered the SIRIX trader for its mobile users. The SIRIX trader is more oriented towards a web trading interface, which ensures that smartphone and tablet users can enjoy one of the best trading features in the market. With the wide choice of CM Trading mobile apps, traders are certainly at an advantage to choose their preferred mobile trading interface.

 

CM Trading Spreads, Leverage, & Accounts

Traders are offered the option of a market maker account, which involves an internal dealing desk and a conflict of interest. However, the broker has resorted to offering a lower CM Trading leverage of 1:200 for all traders, in an effort to minimise the risk to traders. Therefore, it is apparent that CM Trading does not look to entertain high-frequency traders, and has even stipulated a higher investment for its smallest account. The Mini account, which is the most affordable option, requires a CM Trading minimum deposit of $250, which is significantly high in our opinion. Even the spreads are higher, with the broker asking for around 2-3 pips on the majors.

 

The Standard and Executive accounts offer better CM Trading spreads, but they are highly expensive, with the Standard account having a minimum investment requirement of $1000 and the Executive account having a minimum deposit requirement of $5000.

 

These accounts have one and two risk-free trades respectively, but only the Gold account offers the better trading conditions than all the other accounts. With a more competitive spread offering starting from 1 pip, the Gold account requires at least $25,000 as the initial investment, which offers same-day withdrawal, three risk-free trades, two trading strategies, and comprehensive trading education.

 

CM Trading Funding Options

CM Trading allows same day deposit and withdrawal for its Gold account holders, while all other account holders may face a small delay in their withdrawals. On the other hand, all deposits are cleared within a few seconds, with traders having the opportunity to fund their accounts via Visa, MasterCard, Neteller, UnionPay, CashU, and fasapay. CM Trading does assure its traders of following all the secure payment channels for its transactions, and the company is audited by the FSB to make sure that CM Trading follows all the different regulations concerning the management of clients’ funds.

 

CM Trading Customer Support

 

CM Trading mainly operates its business from South Africa and Cyprus, but the broker has also set up offices in several countries that include Canada, Brazil, Mexico, the UK, France, China, Bahrain, and Saudi Arabia. The broker operates a 24 hours customer service platform that is available throughout the trading week. The 24X5 customer service team offers support through live chat, phone, and email.

 

Summary

CM Trading allows traders to minimise their risks in the market through a reliable brokerage service, but the best trading conditions are only reserved for premium traders.

 

FAQ

Is CM Trading Regulated?

Yes, CM Trading is regulated by the Financial Services Board of South Africa.

 

Does CM Trading Offer A Demo Account?

Yes, all traders are offered the convenience of trading on a free CM Trading demo account.

 

What Is The Bonus Offered?

Traders can receive up to 20% bonus, for a maximum of $1000 in trading credits.

 

 

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