CM Trading Review year : Is It a Good South African Broker?

Are you feeling a little overwhelmed with so many Forex brokers to choose from? Do you want to feel your investment is safe and secure, while at the same time being able to take advantage of a wide range of markets? Are you looking for a forward thinking partner to help you with your Forex trading endeavors? Keep reading this CM Trading review and you might find exactly what you’re looking for and possibly more. But first, let’s briefly look at some of the benefits you can expect to enjoy. The main trading platform of the brokerage is MT4, which is enhanced with CM Trading features.

• However, CM Trading is still a viable choice for traders if they are only looking to invest in the most common FX pairs, commodities, and global indices.
• CMT is a great brokerage, service has been excellent, fast deposit, good spreads, have not withdrawn yet.
• We value transparency and openness in the way we review the partners.
• Yes, ebooks, webinars, and “how to” videos are accessible to everyone, but only Premium account holders can get in touch with trading gurus, top news and analysis, and other services.

Safety and security are top priorities for retail and institutional investors alike. You don’t want your cm trading review to be benefiting when you lose your money. Having a vast number of trusted regulators is the most important factor that can inform you about how safe the broker is. Additional fees include a $15 USD monthly inactivity fee and overnight roll-over fees, however additional commissions are not charged. The Applicant will now create their personal profile and complete the live account registration process.

CM Trading’s Non-trading Fees

The asset classes available https://forexhero.info/ Forex , Indices, Soft Commodities, Energies, and Metals. The required minimum initial deposit for a Silver account is $1 000 with a maximum of $9 999. Spreads start from 1.2, which is pretty high compared to the industry’s standard. The broker will send you trading signals and you will receive market analysis. CM Trading is not as strongly regulated as many other western brokers and the provided trading platforms are very limited. The broker has been regulated by FSCA since 2012, the same year the company was founded, and by FSA .

Visit the CMTrading site, head to ‘Account Types’, and follow the three easy stages to set up an account and start trading. The regulatory framework that CMTrading operates on will tick a lot of boxes with traders who want to know that their funds are safe. The South African entity is regulated by the FSCA and the Seychelles company by the FSA. Along with the regulatory oversight, CMTrading also protects customer funds with a number of compensation and insurance plans.

Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you are fully aware of the risks involved and the high probability of losing your money. CM Trading offers bilingual customer service, offered via phone lines, e-mail or live chat 24 hours a day on any business day.

That makes CMTrading the ideal platform for those trading from mobile devices. CMTrading has built its impressive client base by offering a trading platform and service levels that fit well with what traders want. Focusing on getting the basics right, instead of aiming to establish a global client base too early, can have its advantages. The firm has until now focused on becoming one of the best platforms for traders in countries ranging from its headquarters in South Africa to the Middle East.

CMTrading User Experience

With a range of solutions and market offerings, this broker enables customers to reach the most important financial markets in their region. Whether it is for personal speculation or financial risk management, CM Trading has the tools for you to obtain your trading objectives. I am shocked to get the phone right now with one of the most rude agents named Eddie who is my fund manager.

However, it has chosen to be licensed and regulated by the South African Financial Services Board. The CM Trading customer support can be contacted in several languages. Clients are strongly recommended to seek independent financial, legal and tax advice before proceeding with any currency, spreads or metals trade. Any information in this site should not be read, interpreted or construed as constituting advice on the part of CMTrading or any of its affiliates, directors, officers or employees. Withdrawing funds simply requires accessing the secure client area of your online account and starting the process by clicking on ‘Withdraw Funds’.

• Unlike other regulators in the UK and EU, the FSA does not force CM Trading to restrict leverage, participate in a client compensation scheme, or offer negative balance protection.
• I often find myself checking the trading app to see how my trades are doing and what is happening in the markets.
• This is unusual amongst brokers and not good for beginner traders who wish to trade risk-free before opening a real account.
• When you first open an account with CM Trading there are a few bonuses available.
• That is quite a long time to be trading with a program that is not what you wanted or expected.
• Even those who only deposit $250, can take full advantage of its trade-copying power.

The CMTrading minimum deposits, while not ground-breaking, are in line with the rest of the market. The Bronze account has a minimum account opening balance of $100, the Silver account minimum is set at $1,000, and the Gold and Premium accounts demand $10,000 and $100,000 respectively. If you are looking to test new strategies or practice trading, then the free-to-use CMTrading Demo accounts are an ideal option, and Sharia-compliant Islamic accounts are also available. Traders who start their trading journey with CMTrading will benefit from the many available tools that aim to develop the skills of clients and support them on their trading journey.

Instruments and spreads

For a minimum deposit of $1,000, traders get spreads starting from 1.2 pips or $12 per 1.0 standard lot. The ECN account shows a minimum mark-up of 0.1 pips, with a commission of $7 per lot or $14 per round lot. An inactivity fee of $15 per month applies after 90 days of dormancy. Traders may be subject to third-party payment processor costs, as per industry standard practices. The overall pricing environment at CMTrading remains in line with other African Forex brokers. The variety of trading account types undoubtedly boosts the CMTrading rating.

The traders with CMTrading have an opportunity to decide which platform suits them best according to their needs and capabilities. The options include CMTrading Copykat, MetaTrader 4, Sirix WebTrade, and other trading apps. For any issues or concerns, the CM Trading customer service department is available 24 hours a day, and can be contacted via live chat, phone, or through email. The broker has a multi-lingual customer support staff for up to 5 different languages. CMTrading’s offerings and services for forex and CFD traders get a relatively high overall rating of 4.5 stars. The broker’s educational and research facilities cater to both seasoned and beginning traders, and this can be tested using a free demo account before committing any funds.

CM Trading remains at the top of market event and endeavours to keep its clients properly informed of what is happening in the world. Their website is accommodating and user-friendly, and it provides all the important features that any trader would need. Some of the important information can only be accessed once you open an account. CM Trading operates on two major platforms, Sirix and Meta Trader 4. Both of these platforms as well supported on the web, with applications for iPhone, iPad, Android, tablets, and Windows phones, all ensuring the ultimate user experience. The applications are straightforward to use, and they allow for the one-touch rule on open positions, account history, asset choices, and other historical trades and trading tools.

I found the spreads to be very reasonable and on par with what I would expect from a broker. Cryptocurrency is a decentralised virtual currency which uses complex mathematical algortihms to secure and verify transactions. They are one of a few brokers I have come across who have a great choice of popular cryptos for trading such as Bitcoin and Ethereum. Contracts for Differences allow traders to speculate on if securities will rise or fall without needing to actually own them. There is a generous selection of over 200+ CFD products including currencies, metals, commodities and indices. The economic calendar displays the latest financial news events that can affect the markets.

CMTrading Overall

Primarily, this is so-called social trading in shape of signal feature called CopyCat. CopyCat allows you to copy the trades of another trader while Guardian Angel warns about any market changes and Flexi Analysis conveniently collects analyses and signals in 100 different languages. CM Trading is a South African broker that has several exciting Forex trading products in its portfolio to compete with the more established companies in the market. However, is CMTrading a genuine company that is capable of providing reliable FX brokerage services?

You will find everything from major currency pairs, to popular cryptos and stocks of major companies. If you like to diversify as much as possible, Swissquote also have a great selection of assets you can trade with favourable conditions. CopyKat Trading is accessed via the Sirix Webtrader platform and allows you to easily watch, study and copy strategies used by other traders. You can quickly search and filter strategies based on performance. If you want to copy trades from a particular strategy, you can at the click of a button and every time they trade, the same trades will automatically be placed on your account. It should be strongly noted that past performance is by no means any guarantee of future performance.

CM Trading clients who opt to use the Sirix WebTrader platform will also receive access to Sirix CopyKat, Sirix’ copy trading tool. Sirix has over 60 built-in indicators, a high level of security, and receives regular software updates. Designed to speed up trading, the Sirix trading windows can be pre-configured to include the instruments and lot sizes you trade regularly. In line with Anti-Money Laundering policies, CM Trading does not accept payments from third parties and only accepts funds received directly from the named trading account holder. While ECN accounts are available, this is only at the Gold and Premium tiers, putting them out of reach for most new traders. By logging into your trading account and clicking on “My Account”.

Just after verification of my account, I’ve of their staffs called me and was concerned that I wanted to withdraw my money without making any profit. He game me a signal to trade and assured me everything will go well.. We always aim to improve our system and provide the best possible service for our clients. We always strive to provide top-notch support to all of our customers.

I think that is how i lost money in my first week of trading and it was not nice at all. I specifically told them I don’t know how to trade, I requested for withdrawal of my balance. I was given a lot of time, of over an hour to make my deposit and all those handled did it with a lot of patience, love and without reservations. The very attentive tutor and his assistance to get the everything in order to start my trading experience. As we have noted in our records, your market analyst has tried to contact you several times, but unfortunately you could not be reached. You have also received an email from our Finance Department regarding your withdrawal 2 days ago confirming that it is being processed.

There is also an innovative warning system called Guardian Angel, that notifies traders instantly of any changes in the market. The fees it charges are in line with standard market practice and relate to trading commissions and financing. All deposits and withdrawals are processed with zero hidden fees. One of the neatest features of client protection at CMTrading is the way that the broker offers video and written materials that clearly outline what kind of protection is offered.