CMTrading – Overview
Accepts US Clients: No
Min. Deposit: $250
Platforms: MetaTrader 4
|Type of Broker||STP|
|Islamic Account (Swap Free)|
|Deposit Options||Credit Card|
|Withdrawal Options||Credit Card|
Bonus & Rewards
|No Deposit Bonus|
|Bonus for First Deposit|
|Is the Bonus Based on the Volume of the Transaction?|
|Platform Type||Meta Ttrader 4|
|OS Compatibility||Windows , Android|
|Streaming News Feed|
|Trade From Charts|
|Guaranteed Stop Loss|
|Guaranteed Limit Orders|
|Interest on Margin|
|Customer Support Languages||English, Russian, Arabic, Chinese, Indonesian, Malaysian|
|Customer Service Hours||24h|
|Place Trades Over the Phone?|
CMTrading - Review
CMTrading – Review
CM Trading is an online forex broker that was founded in 2011 in South Africa. The “CM Trading” brand is actually owned by Global Capital Markets Trading and GCMT SA.
This puts CM Trading under the jurisdiction of the South African Financial Services Board (FSB) operating under FSP license #38782 issued to Blackstone Marketing SA (PTY) Ltd. Over the last few years, they have earned a reputation as a broker with integrity as well as the broker to sign up with if you really want to learn about forex trading.
There are essentially 3 main types of trading platforms at CM Trading. The mainstay of the forex trading platforms is of course the industry proven MetaTrader (MT4) platform. In addition to the MT4 platform, there is also the web based Sirix powered trading platform.
Given the popularity of this platform, CM Trading includes support for mobiles devices and smartphones using iOS and Android operating systems. Perhaps what is uniquely a signature of CM Trading is their CM Trading CopyKat trading platform. Through the CopyKat platform, traders can watch and choose to mirror the trades of the more professional traders all at just a click of the mouse.
One of CM Trading’s strongest point is their trading education. To make forex trading as easy as possible for their traders, CM Trading provided them with a wide range of educational tools such as webinars, training videos as well as updated market analysis.
Their free “Guardian Angel” service helps to keep traders updated on the changing conditions in the markets. In addition, the service also provides feedback on how the trader is trading.
Perhaps the most impressive of the training tools which traders have at their deposal is the CM Trading’s CopyKat trading platform. By plugging into the CopyKat trading social networking, novices can harness the experiences of veteran traders by watching and mirroring how the professionals do their trades.
There are 4 types of trading accounts at CM Trading. Traders can choose from:
- Mini Account
Minimum Deposit of $250
Leverage Ratio of 1:400
- Standard Account
Minimum Deposit of $1000
Leverage Ratio of 1:200
1 risk Free Trade
Regular CMT Debit card
- Executive Account
Minimum Deposit of $5000
Leverage Ratio of 1:200
2 risk Free Trade
VIP CMT Debit card
- Gold Account
Minimum Deposit of $25000
Leverage Ratio of 1:200
3 risk Free Trade
Same Day Withdrawals
2 Trading Strategies
Commission & Spreads
The spreads for the Mini and Standard trading accounts starts from a minimum of 2 to 3 pips. While this might not sound competitive, they are in line with the industry standard. However for Gold and Executive trading accounts, the spreads get more competitive with a 1 pip discount from those that Mini and Standard account holders get.
As for customer support, the quality of CM Trading is superb considering that the customer support representatives are bilingual. The support services are provided on a 24/5 basis throughout the entire trading week and can be accessed through email, live chat or any of the 16 localized telephone numbers provided for the various different countries.
- 24/5 Bilingual Customer Support
- Advanced Trading Platforms
- Debit Card Provided for Hassle Free Withdrawals
- Diversified Range of Instruments
- Established by Industry’s Professionals
- Excellent Educational Package
- Flexible Choices of Trading Accounts
- High Leverage Provided
- Same Day Withdrawal Processing
- Social Trading Supported
- World Wide Support Offices
- Maximum Deposit Bonus only 15%
- No Debit card for Mini Trading Account
- No MT4 Support for Mobile Trading
- Spreads Not very Attractive
- Not EU Regulated Broker
While CM Trading is considered a relatively young forex broker in the industry, they have already earned themselves a stellar reputation especially in the area of customer trading education. With their proprietary Guardian Angel Service, trades can always keep track of the dynamic conditions in the markets without any efforts hence allowing them to focus their energy entirely on trading.