Is CM Trading A Safe Broker?
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. It is difficult to find any advantages with CM Trading’s accounts, either for experienced or beginner traders.
The primary regulator of GCMT SOUTH AFRICA PTY LTD since 2012, the owner of CMTrading, is the South African Financial Sector Conduct Authority (FSCA). In 2021, a Seychelles subsidiary, GCMT LTD Trading, caters to international traders with authorization from the Seychelles Financial Services Authority (FSA). Both regulators rank among the most competitive ones, with a trustworthy enforcement mechanism and increasingly positive reputation. The FSCA 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. To continue the process and add a CM Trading live trading account the applicant can click on the Demo drop-down menu and select Add Account. The quickest and easiest way to contact customer support is through live chat, which is available 24/5.
CMTrading Ratings at a Glance
Typical spreads on the CM Trading platform are 1.5 pips for EURUSD, 2.6 pips for EURGBP, 50 pips for gold, 4.6 pips for silver, 23 pips for S&P 500 and 25 pips for NASDAQ 100. CM Trading is an online forex broker registered in South Africa and regulated by FSA. CM Trading has a principled approach to doing business, with the goal of bringing the market to you reliably and in real time so that you might reach your trading goals. Through prioritizing investment service and education in a safe trading environment, every trader’s goals are a shared vision for CM Trading. Additional features include automated trading, news feed streaming, one-click trading, multiple order management, plus much more. MT4 is configured to work on both iOS and Android for mobile and tablet and both Windows and Mac for desktop.
This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology.
I made a good decision to join CM Trading I don’t regret with my decision. Thabiso has a marvelous person,his patience and understanding cm trading review has been out of this world.I wish that company could have 20 thabiso’s inorder to dominate the market, keep it up guys.
But CM Trading’s own platform provides better compatibility with businesses, as they are specially developed and customized platforms. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies.
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. MetaTrader 4 (MT4) is one of the most popular platforms when it comes to forex and CFD trading. MT4 was released in 2005 and developed by MetaQuotes Software Corp, a trading software company who license the platform to over 500 banks and brokers worldwide. 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. The CM Trading review has discussed all the major aspects of the broker.
CMTrading Verdict
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. 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.
- Nevertheless, CMTrading is not available to U.S.-based clients, and the broker has a rather high initial deposit and an inactivity fee that adversely affects its rating.
- The CM Trading withdrawal function is flexible and offers a wide range of payment solutions along with some no-fee options in order to effectively manage outgoings.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
- DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
- I am often checking the calendar to see what is happen across the markets which can help me make informed decisions.
The FSB hasn’t outlined any policies that prohibit bonuses, unlike its EU and US counterparts, which gives the freedom to brokers to follow several promotional strategies to attract new traders. CMTrading desires to be at the forefront of the Forex trading market, by advertising itself as an innovative Forex trading platform. However, CMTrading adopts the market maker protocol using an automated internal dealing desk platform.
Are my funds safe with CM Trading?
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. Other significant features not often found at other brokers include comprehensive educational resources and access to dedicated account managers for Silver, Gold and Premium accounts. CMTrading provides its clients a reasonably safe trading environment with competitive trading conditions and decent leverage ratios available in jurisdictions that allow it. Traders can open a Gold Account with a very high minimum deposit of 10,000 USD.
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Creating an account is fast and fully digital, and accounts are usually ready for trading in a matter of minutes. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Based on our expert research, CMTrading moved its entity to an offshore zone Seychelles since 2019, which provides luck in regulation requirement and can not guarantee a safe trading environment. GCMT SA clients are protected under the financial regulation of the Financial Services Board (FSB) South Africa as a juristic representative of FSP Blackstone Marketing SA (PTY) Ltd.
What is the minimum deposit at CMTrading?
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. Indices trading allows you to trade a variety of assets from a specific https://forexhero.info/ segment that the index comprises of, in one transaction. You can trade on some of the world’s leading indices including Dow Jones, FTSE, DAX, JSE and more. I am an avid user of MT4, primarily due to its automated trading capabilities. I have used it for many years to develop, test and run expert advisors on many brokers.
For traders who want to test strategies or practice trading, a demo account is available and funded with virtual money. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the CM Trading offer. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.
Who owns CMTrading?
A true visionary in his field, Ibrahim Abu Aita the CEO and Co Founder of CMTrading is not afraid of a challenge. Whether it's venturing into a completely new market or experimenting with groundbreaking trading-related services, he is always there at the helm leading his team to excellence.
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. 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.
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While CMTrading presently does not list any bonuses or promotions on its website, the Legal Documents section shows two PDFs. One covers the terms and conditions, and the other outlines a refer-a-friend program. Traders interested in incentives may contact a customer support representative for the availability of incentives. Parties interested in Partnership options with CM Trading can do so by a simple Sign Up, Refer, and Earn – 3 Step process.
The Applicant will now create their personal profile and complete the live account registration process. From calculating a pips, leverage trading models to managing position in Forex trading. CM Trading is one of the largest brokers operating out of South Africa.
The options offer Wire Bank Transfers, Debit/ Credit Cards, CashU, Neteller and Fasapay. Your agent Sofie is very good at handling potential clients especially given the skepticism we have here about trading. What remains to been seen is your trading prowess cause Chris always paint a brighter side to trading without showing the downside to it. All the same it was a beautiful experience and if it works i will recruit more people for your company.
The CM Trading MT4 platform is free to use, including enhanced features and support. CMTrading offers excellent educational resources that cater to novices and seasoned traders alike. In addition to e-books and free articles, CMTrading has a YouTube channel where you can watch training videos, webinars, live seminars, how-to videos and much more. For ECN accounts, a minimum markup of 0.1 pips applies over market pricing as well as a commission of $7 per lot applies to all trades.
- Minimum deposit requirements are high compared to other brokers and spreads are wide, starting at 1.5 pips for the EUR/USD on its entry-level account.
- I personally prefer to conduct my own market analysis before making a trade decision.
- Bitcoin funding is also available, something that you won’t find with many brokers.
- The CM Trading Webtrader enables the customer to trade anywhere they have a browser, be it mobile, desktop or tablet.
An acceptable research section meets a competitive educational offering. CMTrading’s account structure includes various types of accounts, one of which offers numerous features for a minimum deposit of $10,000. The asset selection at 150+ covering five sectors is sufficient, particularly for new traders. The overall trading environment remains above average, and CMTrading presents one of the best choices among African brokers. The four commission-free and two commission-based trading account types are standard for many African brokers. Additional educational offerings are available to those who deposit over $10,000.
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
Once you have completed the form you need to verify your email address and upload verification documents for KYC purposes. This will be a form of identification such as a passport and proof of address which can be a utility bill. After the accounts team have verified your documents and approved your account, you can then fund your account and commence trading.
How reliable is CMTrading?
CM Trading has a high trust score of 91 out of 99 and can be considered a low-risk trading platform.