We will discuss all of these account types one by one to give you full insight. As our review of CM Trading shows, this Forex broker loves bonuses a lot. They are changing the bonuses that they offer very frequently, and the information about this is shown on the website of the broker. Because there are so many trading assets available at this Forex broker, it is very easy for anyone to find something that they like and enjoy.
This helps ensure that trading orders aren’t rejected in fast-moving markets. One area that CMTrading could improve on is the range of markets on offer. That being said, what is available is more than sufficient for beginners and is partly compensated by the spreads on the markets being super-tight for those who choose to upgrade to ECN trading.
CM Trading Customer Reviews
Like many of its predecessors, CM Trading has chosen to stick with the popular trading platform MetaTrader 4. It does require a download but is very easy to negotiate and is also extremely user-friendly. For traders who prefer to trade when out and about there is a CM Trading mobile platform which is compatible with all mobile devices. WebTrader is the choice if you prefer not to have to worry about a download, and is also the system through which CopyKat is accessed. CM Trading offers a range of trading platforms and are best known for using SirixWebTrader as well as the MetaTrader and MT4 Mobile app available for download from both Google Play and Apple App Store. With the Sirix trading app, CM Trading offers various unique features.
- It has offices around the world, namely in Sandton, Johannesburg, South Africa, as well as in Nigeria, Bulgaria, Dubai, and Cyprus.
- Traders who become part of the IB or Introducing Broker Platform will earn commission from referrals who successfully sign-up and trade with CM Trading.
- We value transparency and openness in the way we review the partners.
- There are social trading platforms where you can copy signals and learn from other traders at the same time.
- Visit the CMTrading site, head to ‘Account Types’, and follow the three easy stages to set up an account and start trading.
Customer service agents are bilingual and available during trading hours by email or live chat, or by calling one of the many international direct telephone lines. There is also the option of an Islamic account for traders who wish to apply the rules and principles of Islamic law. These accounts are interest-free across a range of open statuses, however long the duration.
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They also never have or written this rules on IB Term & Conditions. CM Trading’s research and analysis is poor compared to other brokers. Supports the creation, modification, and utilisation of automated trading strategies. Creating an account is fast and fully digital, and accounts are usually ready for trading in a matter of minutes. Overall, although CM Trading lacks oversight from any of the major regulators, it has a good reputation amongst its clients across Africa and the Middle East and is widely recognised as a trustworthy broker.
CMTrading review presents a company with a strict policy to follow due to the regulations and set of operational rules. Alternative forex broker is Avatrade is also regulated in South Africa and more licenses from various countries and offering better trading conditions as well. The four commission-free and two commission-based trading account types are standard for many African brokers.
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Demo accounts are available but a bit tricky to get; mobile platforms are available; US traders are not accepted. To see how CMTrading ranks against other industry-leading trading platforms see our comparison charts. Read user reviews, see ratings and compare the best online trading platforms, features, fees, and more. Traders using CMTrading have access to a variety of indices, trading tools, charts, and commodities. The CMTrading software is user-friendly and allows traders to make trades anytime, day or night. This platform offers traders excellent charting options to track the market performance of a wide variety of currency pairs.
All CM Trading account-holders have access to market reviews, the CMTrading E-book, and regular webinars. Full support is offered for the MT4 and Sirix platforms and CM Markets allows hedging, scalping, and copy trading, and Islamic swap-free accounts. Minimum deposits start at 250 USD on its entry-level account with average spreads at 1.5 pips on the EUR/USD. Minimum deposits escalate quickly, with the Premium Account requiring a minimum deposit of 100,000 USD but still featuring relatively high ongoing trading costs. Owned by CMT Processing Limited, a financial company located in Limassol, Cyprus.
We use dedicated people and clever technology to https://forexhero.info/guard our platform. We always aim to improve our system and provide the best possible service for our clients. It took me about a minute to fund my trading account, from transferring fund from my local bank to having my trading account funded. Education is rich and composed of e-books, training videos, webinars, video chart analysis, and written chart analysis.
Every single offering that this Forex broker has is created so that you can easily diversify your trading portfolio, and we think that it is a huge advantage for anyone. As our review of CM Trading shows, commodities are considered to be much safer than other options that people have. For example, in the time of uncertainty, like inflation, for example, the value of commodities tend to go up, it makes trading commodities a perfect addition to your portfolio during these times.
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As CM Trading review shows, the silver account is the most popular among the users of this broker. To create this account type, you will have to deposit at list $1,000, while the maximum deposit stands at $9,999. This account offers everything that Bronze does, but with several additions. The spreads are significantly low with silver account and stand as low as 1.2, and you are offered 1 risk-free trade as well. In addition, you have the ability to enjoy a personal assistant, who is always available to offer you help no matter what goes wrong.
Domus FX Fees and Spreads
There is also a large online MQL4 community for accessing more trading tools to use within the platform. I didn’t feel that my funds were in safe and educational materials were terrible. CopyKat is very useful for beginner traders as the platform helps them copy the trading ideas of other investors.
In addition to the main approach all around the African continent, the company offers a wide variety of advanced trading solutions to the international, global clients. From new traders to more experienced ones , CMTrading provides state of the art trading platforms as well as supreme liquidity. Investment with confidence in a highly safe and regulated environment enables traders to trade Forex, Index and Commodities, including Cryptocurrencies through the seamless, technology-driven process. CM Trading offers safe, easy, and secure options to deposit or withdraw funds from live trading accounts. Investors must take note that accessibility to deposit and withdrawal methods may differ by country and third-party fees may apply. I feel that his broker can be a good choice for beginners due to the vast amount of educational materials they have.
While most beginners will find the majority of CM cm trading broker review’s educational content useful, it does not cover many of the advanced topics that more experienced traders would find helpful. It includes regular webinars on a range of markets and live seminars – though these have been on pause for most of the pandemic. CM Trading offers a limited range of trading tools compared to other brokers, but it does offer copy trading via the Sirix WebTrader platform. While Sirix has a more modern interface and may be easier to use than MT4 for most beginners, it does now allow for automated trading via algos – which more experienced traders may find limiting. As a note, the Sirix Web Trader allows traders to copy other traders’ trades on the CopyKat system. For more on CM Trading’s CopyKat copy trading system and other trading tools, click here.
The broker also provides a free international debit card for all deposits above $1000, but the trader must choose between the debit card and the deposit bonus. Traders can also sign up for bonuses, gifts, and other giveaways from time to time, but the availability of a bonus should satisfy a large number of traders in the market. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CM Trading’s most popular account, the Silver Account, requires a minimum deposit of 1000 USD.
The ‘how to trade’ and ‘what is’-style pieces offer clear explanations of the basics of the markets and are available in eBook and video format. Amongst the wide variety of topics covered include an introduction to the financial markets, strategies, psychology, money management and technical analysis. Other notable features include 24/7 user updates, backup options, encrypted services, multiple account management, forecasts, real-time trading tips and much more. I feel that MT4 is suitable for all levels of traders, it has basic functions for beginners and advanced technical analysis charting for the more experienced traders.
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Over the years, they have offered everything from no deposit bonus to deposit bonuses. Also, they very frequently have a bonus on liking and sharing their Facebook and Instagram pages. Although not active right now, you should follow the updates on the website to make sure that you are up-to-date with the information regarding the bonuses at CM Trading.
It might seem like CM Trading is a million miles away, but whenever you need them they are right there by your side. Everything they offer is very competitive, and while they may be a relative newcomer they have pipped many other more experienced brokers and are now very near the top of the pile. They have embraced the latest technology and trading ideas, and aim to ensure that every trader’s experience is thoroughly enjoyable.
However, you might be considering investing much larger amounts of money into your trading account and the Bronze account can benefit you by giving you a better understanding of how good their services are. By opening the $100 account you can test the money transfer systems, live order execution, and customer service without risking much. 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. The analysis material at CM Trading is basic compared to most other brokers.
- At the time of this review, CMTrading did not list any bonuses or promotions on the site, but two PDFs covering terms and conditions exist.
- When setting up your demo account, you can peruse the options from the Trading Tools dropdown.
- 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.
- It allows retail traders like us to get convenient access to trade on real-time prices across a range of different financial instruments and markets.
- There is also the option of an Islamic account for traders who wish to apply the rules and principles of Islamic law.
This broker is among the few to still offer bonuses on deposits (T&C apply), so we will list this as an extra feature. The bonus is listed as a time-limited promotion, so it’s possible that it will not be available when you deposit. Other limited-time promotions are also available but they all come with Terms And Conditions, so we recommend reading them before accepting a bonus or any other promotion. All indications point towards CM Trading being a respectable broker, but of course, we can never rule out the possibility of a scam, and this applies to almost all brokers.
As CM Trading is a regulated broker, they are required to adhere to strict rules and regulations set by the regulatory authority. CM Trading is regulated by the Financial Sector Conduct Authority in South Africa, which is a reputable regulatory body that ensures the protection of clients’ funds. Additionally, CM Trading segregates clients’ funds in separate accounts from its operational funds, ensuring that clients’ funds are not used for any other purposes.