CMTrading Review

CMTrading
Deposit $250 get $100 on top
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Overview

In this CMTrading review we are going to look at all the pros and cons of trading the financial markets at CMTrading. Choosebroker.com sticks to very strict standards reviewing brokerage… more

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Details

Broker CMTrading
Website URL https://www.cmtrading.com/
Founded 2014
Headquarters 82 Maude Street, Sandton, Johannesburg, South Africa
Support Number +318 588 812 10
Support Types Email: [email protected], live chat, by phone, WhatsApp
Languages English, Russian, Arabic
Trading Platform Meta Trader 4, CopyKat, Web Trader, Mobile Trader, Tablet Trader
Minimum 1st Deposit $200
Minimum Account Size $1
Minimum Trade Amount $1
Maximum Trade Amount $50.000
Bonus Deposit $250 get $100 on top
Payout Fast payments within 24 hours possible on higher account types
Leverage 1:1 up to 1:400
Spread Low, fixed spreads
Free Demo Account Open Demo
Regulated Yes
Regulation FSCA FSP number 3878
Account Types Bronze, Silver, Gold, Platinum
Deposit Methods Wire Transfer, Mastercard, Visa, Neteller, Trustwave, Fasapay, UPayCard,PowerCash21
Withdrawal Methods Wire Transfer, Mastercard, Visa, Neteller, Trustwave, Fasapay, UPayCard,PowerCash21
Number of Assets 50+
Types of Assets indices, metals, commodities, CFDs, forex
Trading Currency Over 30 forex pairs
Account Currency USD, ZAR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 7.5

Full Review

In this CMTrading review we are going to look at all the pros and cons of trading the financial markets at CMTrading. Choosebroker.com sticks to very strict standards reviewing brokerage firms. Learn more about our review process. Choosebroker.com might receive financial compensation for doing so. In this article we explain how we make money.

 

CMTrading is founded by traders for traders and the owners have combined years of trading experience to develop a trading platform for both CFDs and forex. As online broker, CM Trading is not only specialized in CFDs but also forex, futures and commodities. CM Trading offers modern, super fast order execution, competitive spreads and last but not least, great customer service and support.

CM Trading’s goal is to optimize the trading experience of their customers and create a transparent partnership between trader and broker. CM Trading operates successfully from several different countries and offers professional services to all it’s clients, not just the big boys. At the moment CMTrading is South Africa’s #1 leading brokerage firm.

CMTrading offers MetaTrader 4 trading and combines user friendliness with professionalism and one can open an account within minutes at CM Trading. With CMTrading traders have 24/7 access to all stocks, commodities and forex markets, under all market conditions. CMTrading grows day by day with more and more traders trading using their trading platform. Their long-term vision is to be world’s leading brokerage firm.

CM Trading Trading Platforms

MetaTrader 4

MetaTrader 4 is universally accepted and known as most popular and advanced trading platform. It offers features for both beginning forex traders and experienced traders a like. MetaTrader 4 is the most easy to use trading platform for traders of all levels and works exactly the way it should do.

CM Trading CopyKat

CM Trading knows that it’s difficult to learn how to trade the stock and forex markets and to master the many different trading techniques. For this reason, CM Trading offers the possibility for it’s traders to follow professional traders with just a simple mouse click. It’s possible to follow and copy trades from professional traders automatically using CM Trading’s CopyKat Social Trading Platform.

Mobile Trader

The mobile trading platform of CM Trading is designed in a sleek way so that every trader can trade on-the-go from their smartphone. The CM Trading app is available for both Android and iOS devices and is downloadable in it’s respective app store.

WebTrader

The web based trading platform is mainly intended for traders who don’t want to trade using MetaTrader 4 or don’t want to download any software on their PC’s or laptops. The web based trading platform is available in all browsers and just needs an internet connection to launch.

Tablet Trader

The Tablet Trader is the alternative mobile trading platform of CM Trading and is designed for all types of tablet. Trading from tablets is getting more and popular and CM Trading is quite innovative to design a special tablet trading software which is both easy to use and doesn’t lack any pc or desktop features.

download-cmtrading-app

CMTrading Account Types

There are five types of trading account types available at CM Trading:

– Mini ($200 to $999 minimum first deposit required).
– CM Trading CopyKat Account ($250 minimum first deposit required).
– Standard ($1000 to $4999 minimum first deposit required).
– Executive ($5000 to $24999 minimum first deposit required).
– Gold ($25000 or more first deposit required).

All Trading accounts at CM Trading can be opened in demo modes with a corresponding demo account. The maximum leverage on the mini account is 1:400, all the other accounts have a maximum leverage of 1:200. The higher amount of money you deposit in to your account, the lower the spread fees will be. Standard account holders and upwards (executive and gold) have access to webinars and free educational material. Executive and Gold accounts gain access to a few risk-free trades a month and Gold Account holders can withdraw money within 24 hours.

CM Trading Commissions, Fees and Costs

Although traders can use inter banking margin tools, the CM Trading website doesn’t clearly state the charged spreads. However, bigger account types come with lower spreads.

CM Trading Customer Service

The CM Trading customer service can be reached 24/7 in the following ways:

– Email
– Fax
– Phone, WhatsApp
– Live Chat

CM Trading Safety

CM Trading takes safety very serious and traders are protected in the following ways:

– 128 bit SSL encryption
– Guaranteed Stop-Loss Feature
– Negative Balance Protection

CMTrading Review Conclusion

Although CM Trading doesn’t offer any no deposit bonus, they do offer some bonuses and promotions from time to time. The trading platform is easy to use and comes with a social trading feature. The minimum first deposit amount is $200 and all accounts come with a demo feature. CM Trading gives their traders a special Mastercard which is in contact with their CM Trading account balance, which can be used in restaurants, hotels and stores. Also, one can withdraw money with this prepaid debit card from ATMs. In general, CM Trading is a good, unique broker, especially for South African traders, as it’s South Africa’s #1 brokerage firm.

Screenshots

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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