The broker has different departments to take care of clients’ concerns, which does help in improving the overall standards of customer service and client satisfaction. In recent times, the African continent has witnessed a significant presence in the global financial markets, with South Africa leading away at the front. South Africa, known for its proximity to sea trade routes, proactive market participation, and international partnerships, is quickly turning out to be a significant player in the global markets.
There is also a good selection of educational material for both beginners and more experienced traders. Training videos, technical and fundamental analysis, webinars, Expert advisors, trading signals and more are there to help traders hone their knowledge and become more successful. CM Tradingoffers safe, easy, and secure options todepositor withdraw funds from live trading accounts. Investors must take note that accessibility to deposit andwithdrawalmethods may differ by country and third-party fees may apply. CopyKat is CM Trading’s version of the social trading platform that allows traders to copy trades from other successful traders.
CMTrading also offers a decent maximum leverage ratio and product range. 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. It is difficult to find any advantages with CM Trading’s accounts, either for experienced or beginner traders. As mentioned above, the entry-level account has both higher initial and ongoing costs than similar accounts at other brokers. In addition, CM Trading’s other accounts request very high minimum deposits and don’t deliver the lower ongoing trading costs that more experienced traders would be looking for.
It is a show of respect for those who follow the beliefs of the Quran and by doing so, this FX broker is giving millions of people the chance to trade with them. It shows that this broker is willing to offer investors something new that they will enjoy. 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. 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.
If you have traded with CM Trading and believe you have been scammed by them you have a chance to get your money back. At Broker complaint Alert it’s our job to provide you detailed atfx broker review and make sure you can fight back and get your money refunded. By filling out the form you have taken the first step to recover your money.
CM Trading operates out of Johannesburg, South Africa, and also has an operating center in the Seychelles. Many of the services and features on offer can’t be found anywhere else. The learning center is definitely worthy of recognition as it is top class, informative, and extensive. This particular Forex broker is very innovative and provides an enjoyable trading environment, for both new and experienced traders.
While most of the training videos are aimed at beginner traders, lessons in technical and fundamental analysis and trading plans support more advanced learning. Other more advanced videos cover EAs to use with the MT4 platform and other methods of automated trading. The analysis material at CM Trading is basic compared to most other brokers. Analysis material includes a functional economic calendar, highlighting the major events of the day.
It is something that gives you access to the trading market, and if you manage to find the one that works perfectly for you, Forex trading will become a more enjoyable experience for you. 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. 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. Regulatory bodies are working very hard on guidelines that can create a safe and secure environment for investors.
It gives investors the ability to understand the state the economy is in at a high level, which is a great thing. You can trade indices such as S&P 500, Nikkei, Dow 30, and many others. The regulatory agency requires every broker that owns its license to keep the funds of their clients on segregated bank accounts. With the help of this, every single FX broker can stay safe while investing in the world of Forex. Also, no matter what goes wrong, the funds of the clients will remain safe. Even if the broker goes bankrupt, you will still have access to your funds.
CM Trading Customer Reviews
Founded by traders, for traders, CMTrading offers a trading experience that is tailored to your individual needs and skill set. Are you feeling a little overwhelmed with so python linear programming many Forex brokers to choose from? Do you want to feel your investment is safe and secure, while at the same time being able to take advantage of a wide range of markets?
You can access CopyKat through the Sirix Web Trader platform, which lets you open a Mirror Trader account that lets you automatically copy other traders’ transactions. CMTrading’s high-quality multilingual customer service can be accessed in English, Spanish, Chinese, Arabic and Indonesian. In addition to the useful live chat feature on its website, CMTrading can be contacted 24/5 via 3 international telephone numbers. You can also contact the broker via email or by visiting one of its offices in Cape Town or Johannesburg in South Africa and in Lagos, Nigeria. The broker also responds to inquiries made through social media sites like WhatsApp, Facebook, Twitter, YouTube and Instagram.
Types Of CM Trading Accounts & Trading Specifications
WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. Parties interested in Partnership options with CM Trading can do so by a simple Sign Up, Refer, and Earn – 3 Step process. 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.
Additional fees include a $15 USD monthly inactivity fee and overnight roll-over fees, however additional commissions are not charged. To start the registration program, the applicant can simply click on the blue sign-up button located at the top right corner of the CM Trading Landing Page. Traders should always compare their broker with other Forex brokers here. CM Trading is a brand name used by the BLACKSTONE Marketing SALTD and is one of the world’s innovative Forex brokers and the largest brokers in South Africa. We use dedicated people and clever technology to safeguard our platform.
They Refused To Pay IB Money and Will Start Give Many Reasons Service use: LiveLength of use: 3
CM Trading offers an average range of trading assets but has a wider range of crypto CFDs than most other brokers. 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.
Is FXTM regulated in USA?
FXTM is considered safe because it is regulated by the top-tier FCA. Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
However, since the MT4 infrastructure supports extensive upgrades, it is a superior choice for more advanced traders. CM Trading can be summarised as a trustworthy broker that provides Contracts for Difference and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market. CM Trading has a reputable reputation and user-friendly trading conditions. Established in 2012, CMTrading is an award-winning, fully licensed and regulated broker (FSA & FSCA approved) with branches around the globe.
Because of such diversity, the broker can be perfect for both beginner and experienced Forex traders. CM Trading is regulated by the FSB in South Africa and also has its headquarters in Seychelles. The company is not your typical broker that has a European regulatory tag, which is more synonymous with trader trust and safety of client funds. Nevertheless, FSB is a high-quality regulatory agency that follows stringent regulatory guidelines that are designed to ensure a fair and transparent marketplace for all companies operating in the financial markets.
With an incredibly high deposit of 100,000 USD, traders can open a Premium Account. Like the Gold Account, spreads are 0.9 pips on the EUR/USD, but traders have access to a trading specialist, news and analyses, and other special offers. Spreads start at 0.1 pips for the EUR/USD and a commission of 14 USD per lot is charged per lot.
The bonus represents the broker’s strategy to attract international traders, which also contain several terms and conditions related to trading and account transactions. 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. CM Trading offers the MetaTrader 4 and MT Mobile forex online trading top platforms.
After this, you will have to verify your identity by providing some type of personal document. As you follow a very simple procedure, you will now have to deposit funds on your trading account. Creating a trading account is a very simple thing and it can be done under several minutes. The process is not that different from anything else that you would see on the market. While creating an account, you will have to provide personal information, like your name, phone number, email, etc.
This virtual money can be very helpful, and the demo account users have access to the real-life trading market, which is not different from the one live account users enjoy at all. Premium users will also be able to enjoy specula offerings that are created especially for them. All of these amazing offerings give investors the ability to get the maximum out of Forex trading.
The company offers four different account categories, each divided into separate account options according to the initial investment. The CMTrading minimum deposit is $250 for a Mini account, which gives access to some essential trading features such as a demo account, daily market review, weekly market review, and a CMTrading e-book. The Mini account is available for all deposits up to $999, but $250 is considerably larger than the minimum deposit required for ECN accounts at other brokers. The Mini account also has comparatively higher spreads, but you can expect to get around 2-3 pip spread quotes on the major currency pairs.
By email to with your trading account number as a reference in the subject of the email. CM Trading’s account opening process is completed online and hassle-free compared to other brokers. Overall, CM Trading’s non-trading fees are high when compared to other brokers. In addition, CM Trading also charges a 15 USD monthly fee for all accounts that have been inactive for more than three months. With FSCA and FSA regulation and a history of responsible operations in Africa and the Middle East, we consider CM Trading to be a safe broker to trade with.
CM Trading Review: Unique Broker Offering High Quality Service
South Africa has one of the fastest-growing economies in the world, which is poised to become an important contributor to the world’s economy. It also publishes more than half a dozen trading signals on its website. All research remains brief but has enough data for traders to follow and to make more informed decisions. The CMTrading blog provides well-presented content and trading ideas to consider. When you review an online broker to see if they are a scam or a legitimate broker, the first this to do is check for a valid brokerage license.
FXScouts has been the UK’s most trusted Forex broker review site since 2019. Our team has written 100+ broker reviews and we constantly test to maintain accuracy. 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.
The trading platform itself will take a little time to understand, but it’s definitely worth the effort, and many other traders will agree. Through the MT4 trading platform traders can choose from a number of charting options to track market performance of a range of currency pairs. It only takes a click of a button and trades are executed almost instantly, based on real-time information. Traders can open a Gold Account with a very high minimum deposit of 10,000 USD. Spreads are down to 0.9 pips on the EUR/USD – which is about average for entry-level accounts at other brokers. Traders are afforded 3 risk-free trades, the services of a personal assistant, and volume cashback.
CM Trading charges a monthly fee of 15 USD on accounts that remain dormant for more than three months. CM Trading has a good range of deposit and withdrawal methods, but withdrawal times are slow and fees are high and not transparent when compared to other brokers. Compared to other similar brokers, CM Trading’s account opening process is fast, hassle-free, and fully digital. While the lack of support for PO Box residences may be a hassle for some traders, this is a common feature to prevent identity fraud.
The Ultimate Trading Experience
The country is also well-known for its comparatively wealthier population in the African continent that is looking to invest in attractive investment opportunities. Therefore, South Africa has been attracting substantial investments from both local and global financial companies, leading to a spike in interest among Forex brokers. pepperstone review 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.
Bonuses & promotions offered by CM Trading
CM Trading specializes in 3 types of trading activity, including forex trading, commodity trading and futures trading. The company prides itself in offering clients innovative trading platforms, top-tier customer support services and competitive spreads. Additionally, all trading activities are guaranteed safe and secure, and fully regulated. CMTrading presents itself as the largest African broker with more than 1,000,000 traders. It has a distinct focus on Africa and the GCC and provides traders with the core MT4 trading platform alongside the Sirix Web Trader.