Our CMTrading Review
CM Trading is a South African-based CFD and forex broker, offers trading services around the globe. CM Trading offers special services in Forex, Commodity, and Index trading.
CM Trading is owned and operated by the GCMT SA, is a delegate of Blackstone Futures.
You can put with trust in a profoundly protected and managed environment which empowers traders to utilize Index, Commodities, Forex including Digital currencies, through a consistent, innovation-driven system.
CM Trading Trust and Regulation
Global Capital Markets Trading Ltd is the brand of CM Trading, the company operating center based in Seychelles. The broker has started the journey in 2011.
As a south African broker, they are regulated by the FSCA (South African Financial Sector Conduct Authority). The FSCA maintains dour authority rules that are intended to guarantee a reasonable and straightforward service area for all organizations working in the financial business sectors.
The FSCA doesn’t have the very standing that other regulatory organizations have, such as FCA, ASIC, CySic, which can go about as a deterrent to the organization while hindrance their service.
Also, authorized by the FSB in South Africa and operates out of Johannesburg, South Africa.
Account Types
CM Trading offers 4 types of accounts, these are bronze, silver, gold, and premium account. Each account is for a different level of traders, which comes with different benefits, platforms, features, conditions, and starts with different deposits.
Silver account
It is a mini account for newbie traders. This account can be opened at $250. The account offers leverage up to 1:400, market review, VOD introduction, and regular spread.
Silver account
It is CMTrading’s most popular trading account. You need a minimum $1000 credit to open this account and it offers includes all benefits of the Silver account. The offering leverage is 1:200 and Spreads €/$- as low as 1.2, 1 risk-free trade, advanced level of VOD intro, and Personal Assistant Manager.
Gold Account
The account offers Electronic Communication Network (ECN) technology. Currently, ECN is the most popular account option, which offers to connect directly liquidity providers such as Prime Brokers and Banks. ECN provides the best execution rates.
You need a $10,000 initial fund to open a gold account. It offers 3 Risk-free trades, Professional VOD Intro, Volume Cash Back, and Spreads €/$- as low as 0.9.
Premium account
As the name, it suggests one of the most advanced features offered account. The account is only for the VIP level traders which open at a $100,000+ deposit. This account offers features including all benefits of the other accounts. It offers Customized Account, Spreads €/$- as low as 0.9, 3 Risk-free trades, Trading specialist, Trading Room access, Top news & Analyses, and Special offers.
It also an ECN type of account. It offers the following benefits and advantages:
Enable high trade size, Fast Execution, and Very tight spread.
Commission: $5 or $7 per Leg according to Account Class.
Trading Instruments: FX, Indices, Metal, Commodities
The leverage is up to 200:1 on FX.
The Minimum Trade Size: 0.1 Lot.
All accounts offer market reviews and analysis, webinars from experts, and CM Trading Ebook.
Also, all accounts offer Demo account trading with the same condition as the live account and trading instruments.
Islamic account
CM Trading offers this account to provide a swap solution for Muslim traders. With the Islamic account, you can participate on the whole regular exchanges, however, the unique charges and interest that would be charged by a standard account are rather changed to set account and service fees that empower the holder to stay consistent with Sharia practices.
The Islamic account holders are not eligible to trade cryptos and stocks.
*ECN account is not available for Stock, Crypto, and Islamic accounts.
Trading platforms
CM Trading offers the most powerful Meta Trader 4 and significant sirix platform.
MetaTrader 4 Platform
It is also known as the MT4 platform, offers the most powerful features. Traders will enjoy the technical analysis toolset and trading interface. The platform is fully customizable and automated and provides huge useful information.
For more, currently, it licenses approximately 500 brokers and banks worldwide.
Benefits of MT4
Live analytics and Market updates.
One-click trades executions and an easy interface.
Different timeframes with charts and graphs.
Many technical indicators and built-in tools.
Sirix platform
It offers luxury trading execution, accessible via a web browser, computers, tabs, and smartphones. The platform is compatible with all modern devices and systems.
Benefits of sirix
Backup options and secure services.
Hassle-free transactions and multiple account management.
Forecasts, analysis, user updates, graphical view, and more.
Deposit and Withdrawal
Traders can use Visa cards, Mastercard, Visa Electron, Neteller, CashU, Maestro, MoneyNet, UnionPay, M-Pesa, bank wire transfer, and more.
CM Trading deposit and withdrawal options are user-friendly and globally standard options.
Promotions
As our research, CM Trading offers some bonuses frequently. Currently, the broker offering a 100% welcome deposit bonus. *The bonus varies from time to time, check before joining.
Education
They provide a trading education series from beginner to pro and basics of currency trading. You have to register to get the trading series and the currency trading section is an article that covers leverage, FX trading, trading styles, fees, automatic trading, platforms, outages, scammers, and more.
The Education series is developed by their Chief Trading Strategist, Fred Razak. It divided into 3-part to provide the best trading education for beginner to expert traders.
Also, they provide regular live webinars, the times will you get on their website “Masterclass” page.
Client support
CM Trading offers 24/5 client support in multiple languages. The support is available in ENGLISH, Arabic, and Russian languages. They offer the below options:
- Phone support: +2 710 500 8026
- Email support: [email protected].
- The official website is at https://www.cmtrading.com/ (live chat support).
- WhatsApp support: +2 710 500 8026
The support is available from 08:00 Monday through to 21:00 Friday (Server time GMT+3).
GCMT South Africa (PTY) LTD’s official address is located on the 14th Floor, Sandton City Office Tower, Sandton City, 83 Rivonia Rd, Sandton, 2196, South Africa.
This is a scam, I finally got my money back.
I was conned into paying my hard earned money. I was able to recover my money back. I lost everything, They are scammers .Fortunately, I was lucky to get help to recover my money. Contact [email protected], if you have issues withdrawing your money, he can help you get your money back, the way he did for me, contact him to assist you in getting your money back.