CM Trading: CFD & Crypto Broker Review & Rating

After that i start sending email by email everyday to get out my IB Commission money, they paid me USD1,417 on 16 Oct 2019. They are really ripping Nigerians because of corruption, there is no body nor agency that monitor the activities of brokers like this. I am here to let you cmtrading is resolving the issue I have with them, honestly..no matter how angry I am, I love their response. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.

These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I was able to connect very well with one of your team member who has established a good repute of CMTRading. A very patient and friendly person supporting and attracting the new investors. I felt as was an old client of CMTrading during my registration process, although it was my first time.

Trade metals at CM Trading

The primary regulator of GCMT https://forexhero.info/ AFRICA PTY LTD since 2012, the owner of CMTrading, is the South African Financial Sector Conduct Authority . In 2021, a Seychelles subsidiary, GCMT LTD Trading, caters to international traders with authorization from the Seychelles Financial Services Authority . Both regulators rank among the most competitive ones, with a trustworthy enforcement mechanism and increasingly positive reputation.

The CMTrading minimum deposit is $250 for a Mini account, which gives access to some essential trading features such as a demo account, daily market review, weekly market review, and a CMTrading e-book. The Mini account is available for all deposits up to $999, but $250 is considerably larger than the minimum deposit required for ECN accounts at other brokers. The Mini account also has comparatively higher spreads, but you can expect to get around 2-3 pip spread quotes on the major currency pairs. Yes, CM Trading offers a mobile trading app that allows clients to trade on-the-go using their smartphones or tablets. The app is available for both iOS and Android devices and can be downloaded from the respective app stores. The CM Trading mobile app offers many of the same features as the desktop platform, including access to multiple financial instruments, real-time quotes, advanced charting tools, and various order types.

CM Trading Base Currencies (Trading Account Currencies)

The Applicant will now create their personal profile and complete the live account registration process. There are many pages on the broker, and the information is divided into these pages in a very helpful manner. Also, the broker has a special page of Q&A where you can find most of the information that might be important for investors.

The company has an operating center in Seychelles too, and covers a huge client base across the world with high quality service, as set by FSB. The company provides MetaTrader 4, Sirix as well as the MT Mobile trading platform, providing an all-round deal to all types of traders and enthusiasts. Premium users will also be able to enjoy specula offerings that are created especially for them. All of these amazing offerings give investors the ability to get the maximum out of Forex trading. With the help of amazing educational material, users of gold account will be able to keep in touch with the developments on the market at all times. The accounts also have different minimum balance requirements, so it is a case that the more you deposit, the more extra services you gain access to.

There is a generous selection of over 200+ CFD products including currencies, metals, commodities and indices. The video analysis is similar to the chart analysis with the information displayed and explained in an easy to digest yet detailed video. This again further emphasises the sheer quantity of educational content that the broker provides. Whether you prefer to learn by reading, watching or listening, there is content for everyone.

The cm trading broker review and the FSA are capable financial regulators expected to lead the Forex industry moving forward, together with a group of others in business-friendly jurisdictions. We tried out the customer support team on our own, and we found that it is very helpful. They were very fast to reply and the information provided by them was very helpful.

Unlike MT4, Sirix is not popular and traders will not be able to take their own customised version of the trading platform with them if they switch brokers. Four pending order types, including buy stop, sell stop, buy limit, and sell limit. With an incredibly high deposit of 100,000 USD, traders can open a Premium Account.

The Copykat platform offered by CMTrading is the broker’s way of facilitating those who want to use the ideas of others when trading. There is a $250 minimum deposit for CMTrading CopyKat accounts, but once onboarded, it’s possible for clients to choose from a range of traders and then apply their trading decisions to their own account. 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? Make sure to read through our elaborate review of CM Trading before signing up for an account.

FAQs on CM Trading

TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. There are also Islamic swap-free accounts that comply with Sharia law.

CMTrading notes 150+ assets across five sectors, consisting of Forex, cryptocurrencies, commodities, equities and indices. We’re pretty sure it won’t be long before you’re ready to start trading with real money. Freebies include Education, Daily Technical and Fundamental Analysis, the innovative Guardian Angel System, and some risk-free trades. There is also a 20% welcome bonus (up to $1,000) but it requires depositing minimum $1,000.

NewsWikiFX report: SA’s largest online broker expands footprint in Africa

If that isn’t the case, then it’s always possible to download additional ones from third parties – many of which are available for free. Instead, you can trade crypto from the same account you trade other assets such as stocks and forex. MT4 can be downloaded to PC and Mac devices or used in a Webtrader format – meaning that traders can access the full platform anywhere they have an internet connection. Accounts can be opened in USD, EUR, GBP. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

CM Trading has been awarded the ‘Best Financial Broker Africa’ for five consecutive years. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. We appreciate every single review we receive, they help us grow and do better as a company. Having said that, we will not entertain reviews that are not based on true facts and simply aim to hurt our reputation. Once all doubts were removed, the withdrawal of your profits was processed back to you without any issues. You expressed to him that you were interested in automated trading, which in our company is called CopyKat.

Is CMTrading a scam?

This is because when trading a USD quoted currency pair from an account with a different base currency, there will be a small conversion fee for every trade made. CM Trading may charge for incidental banking-related fees such as wire charges for deposits/withdrawals and returned cheque fees. CM Trading charges a monthly fee of 15 USD on accounts that remain dormant for more than three months. CM Trading has a good range of deposit and withdrawal methods, but withdrawal times are slow and fees are high and not transparent when compared to other brokers.

• Using this unique trading platform traders can search and follow other traders on the network.
• Deposit and withdrawal fees can get a bit confusing and we advise that you ask for further clarification from CM Trading .
• While CM Trading may be located in a country that for some will seem very far away, it by no means falls behind the competition.
• It’s worth mentioning that the FSCA is an average regulator when it comes to the strictness of policies and the FSA has low licensing requirements compared to other regulatory bodies.

Keep in mind that the compensation only applies if the trade is within a 24-hour timeframe. CM Trading is one of the largest Forex brokers in South Africa and is easily the top performing financial company in the South African FX market. CM Trading is regulated by the Financial Services Board , which is South Africa’s equivalent of a regulatory organisation that is responsible for monitoring financial companies operating in the region. CM Trading is regulated by both the South African and the Seychelles monetary authorities. The oversight provides additional security and comfort to clients holding funds with CM Trading. CM Trading exercises great caution with client funds and adheres to all regulatory authorities in the management of client money.

In order to better understand the difference between CM Trading and other firms’ fee structure, let’s look at a comparison. If you are considering throwing $ + at this broker, maybe you should test their services using the Bronze account first. Trading can turn a poor person into a rich and it can also make a rich one broke. When a trader you follow places an order, your order will be placed automatically. Trading crypto CFDs gives investors opportunities to profit from price fluctuation without owning an actual crypto. Moreover, you don’t have to worry about crypto wallets and where to cash out the currency since you’re only trading the CFD.

Short trading Experience with CMTRADING

CopyKat allows you to observe professional traders’ deals and copy them in real-time but also allows for automated copying. The MT4 mobile apps allow traders to work from anywhere, with nine timeframes, 30 indicators and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further empowers traders while on the move. However, it should be noted that for traders that trade in large volumes , it is better to open an account denominated in USD, especially for trading on assets such as the EUR/USD.

This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. It’s worth mentioning that the FSCA is an average regulator when it comes to the strictness of policies and the FSA has low licensing requirements compared to other regulatory bodies. Just keep in mind that in case you choose a Nedbank Bank Wire method, you’ll be charged 2% on the exchange rate. Processing time differs as well, therefore, you should be very attentive when choosing the funding method.

CopyKat system allows to copy the markets top 100 traders and does not require any expertise in trading, simply choose the best suitable trader and copy his orders. As well as the automated feedback on how you trade (the “Guardian Angel” system), with market volatility indications and Stop Loss calculator . In addition, when you open a live trading account , we will assign a dedicated Market Analyst to your portfolio. Schedule a 1-on-1 training session with your analyst or consult them for any trading-related questions.

How much and how often you wish to trade, along with the size of your initial deposit, will determine which account you open. When you’re ready to progress to a CM Trading live account, there are four accounts to choose from Bronze, Silver , Gold, and Premium. Organised and functional commands, advanced charting capabilities, and a wide array of available markets are presented in a tidy and accessible manner. CM Trading is regulated in both its country of origin, South Africa, and by the Seychelles financial regulatory bodies. Your oversight is dependent on the exact country from which you join and your domicile, with some T&Cs variable to each location. Some of the key features of CM Trading include its stated commitments to trust, fair treatment for all, and the security afforded by complete segregation of client and firm funds.

Also, it requires a Forex broker to maintain minimum capital, and the brokers are also required to present reviews to the regulatory agency about the ongoing events. Because the company is working so hard, the Forex trading market in South Africa is becoming more trustworthy than ever before. They have a good selection of flexible account types and convenient payment options to choose from. You will find plenty of trading assets from the most important markets, with tight spreads and low fees. There are 200 trading instruments available for the customers of CM Trading. As you can see, the number of assets offered is not as impressive compared to many other brokers’ offerings.

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. CM Trading offers bilingual customer service, offered via phone lines, e-mail or live chat 24 hours a day on any business day. The staff is educated and trained, being very competent and offering a reliable and timely service. CM Trading provides six different account types namely – the Bronze Account, the Silver Account, the Gold Account, the Premium Account, a Demo Account plus an Islamic, Swap-Free Account Option.

Customer support is provided to you via online chat, email and various international telephone numbers. The online chat option is most convenient as you can get an answer to your question right away. There is a very short online form to for you to complete if you want to register for an account with CM Trading.