CM Trading review
This broker was not featured in our 2023 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.
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|Up to $3,000|
|CFDs, Commodities, Currencies, Indices, Metals|
If you’re new to the Forex market it can be a bit daunting when faced with the number of Forex brokers to choose from. CM Trading is also a bit of a newcomer, as it was established in 2011. CM Trading is the brand name of Global Capital Markets Trading Ltd, which is a company based in the Seychelles.
After an initial browse of their website we were pleased to see they have a whole page dedicated to the regulations they comply with, rather than having it written in small print at the bottom of every page. Clients of Global Capital Markets Trading Ltd, via CM Trading Forex Brokers, can sleep soundly in their beds as they are protected under the financial regulation of the Financial Services Board of South Africa.
What CM Trading Forex brokers have to offer
CM Trading operates out of Johannesburg, South Africa, and also has an operating center in the Seychelles. It offers a full trading service for clients across the globe. Many of the services and features on offer can’t be found anywhere else. The learning center is definitely worthy of recognition as it is top class, informative, and extensive. This particular Forex broker is very innovative and provides an enjoyable trading environment, for both new and experienced traders. It also boasts quick order execution from major liquidity providers.
A great innovation of CM Trading is their Copykat platform, which harnesses the power of social media to make Forex trading easy. Using this unique trading platform traders can search and follow other traders on the network.
The regulations in South Africa are very strict and well-organized, much like Europe and the UK, so investors can feel confident their deposits are safe, as they are segregated from operating capital in secure accounts. Here is the place to mention that the broker Xtrade is also regulated by FSB.
CM Trading Forex brokers offer MetaTrader 4
CM Trading uses the very popular MetaTrader 4 (MT4) as one of their platforms. It does have to downloaded as a software package, but is nevertheless very easy. The trading platform itself will take a little time to understand, but it’s definitely worth the effort, and many other traders will agree. Through the MT4 trading platform traders can choose from a number of charting options to track market performance of a range of currency pairs. It only takes a click of a button and trades are executed almost instantly, based on real-time information.
There are also platforms for mobile devices, as well as a no-download trading platform called WebTrader. CM Trading CopyKat is also easily accessed through WebTrader.
A range of account types with CM Trading
There are a number of options if you plan on opening an account with CM Trading, all of which have a demo account option.
- Mini account – Minimum deposit is $250, and leverage is 1:200. There is also a daily market review, weekly market review and CM Trading E-book.
- Standard account – Minimum deposit is $1000 and leverage is 1:200. There is a regular spread and also the offer of a CMT Debit Card. Added to that there is 1 risk free trade up for grabs, and webinars to introduce new traders to the world of Forex.
- Equity account – This requires a minimum deposit of $5000 and has a much tighter spread. Leverage is 1:200, and this time there are 2 risk free trades. Further education is available with a webinar to help understand technical and fundamental analysis.
- Gold account – A minimum deposit of $25000 gets access to competitive spreads, same day withdrawals, 3 risk free trades, 2 trading strategies and even more interesting and informative webinars including one on the psychology of trading.
There is also an Islamic account option.
A variety of payment methods are available
Funding an account is easy with CM Trading as it accepts all major credit and debit cards, wire transfers, Skrill, and CashU. Withdrawals are an absolute breeze with many processed within 24 hours, providing all required documentation is in order. CM Trading also offer their own prepaid Mastercard to its clients.
Customer support is outstanding, and is available 24 hours a day, 5 days a week. There is a live chat option, which is something we always prefer, as well as an email option, and the chance to speak with one of the sixteen international direct phone lines.
The reputation of this fairly new Forex broker is certainly very good, and it’s hardly surprising. It has made its name for many reasons but the biggest by far is its reputation as the best training broker in the industry. The educational material available is better than any others and includes training videos, expert advisors, webinars, fundamental analysis, trading signals and much more.
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. They offer a very competitive service and have made it their mission to over something more than all the others. The whole trading experience is very enjoyable, whether you are a beginner or a seasoned veteran.
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