CM Trading is a CFD Forex broker owned by Global Capital Markets Trading Ltd. Their address is P.O.Box 343, Victoria, Mahe, Seychelles. Their phone number in South African is +27 10 500 80 26 and from the United Kingdom +44 203 318 2176.
CM Trading Platform Review
Traders at CM Trading can use a variety of platforms for trading including, MetaTrader 4, Sirix WebTrader, Tablet Trader (mobile optimised website) and for mobile they work with the MT4 App, which is available for iPhones and Android.
Leverage on Forex trading is 200:1, this is pretty standard with all Forex brokers. New traders should be careful when using leverage, as it is very risky.
The assets available for trading include all major Forex pairs, CFD’s on Forex, Indices, Commodities and Metals. The leverage on popular assets like Brent and Crude Oil, Sugar, and Natural Gas is 100:1.
Traders who want risk-free trades and a CMT debit card for easier withdrawals should open a standard account with a minimum of $1,000.
The minimum initial deposit requirement for a new account is $250.
Spreads and Leverage
For “Mini” and “Standard” accounts, spreads for major pairs average between 2 to 3 pips, in line with other competitive traditional forex brokers, but you can get a 1 pip discount on average with the higher account classifications of “Executive” and “Gold”. The leverage provided for forex trades is 400:1 for the Mini account and 200:1 for all other account classifications. The firm also allows 50:1 leverage on CFDs.
CM Trading Forex Signals
The most popular trading signals nowadays are copied trading or what some brokers call social trading.
At CM Trading, the feature is available in their Sirix web-based trading platform and it is called CopyCat. There is a wide range of traders to copy and follow. When researching a trader to copy, it is important to understand that the results you see of their performance do not include open trades.
For example; We saw a trader with 826% returns! When you look at his open positions, there are a bunch of losers that haven’t been closed. So it was probably someone trading a demo account.
Deposits and Withdrawals
CMTrading makes depositing funds an easy task by accepting all major credit/debit cards, bank wire transfers, CashU, and Skrill (Moneybookers). Withdrawals are also a snap, most always processed within a 24-hour period, as long as internationally mandated identity documentation is in order. One unique aspect of this firm is that it is the only broker that we know that issues its own MasterCard prepaid card to its clients. The card can be used at ATMs or the point-of-sale for purchases around the globe.
CM Trading Regulation
We reviewing a Forex broker to see if they are a scam broker or a legitimate broker, the first this to do is check for a valid brokerage license.
CM Trading is a licensed and regulated Forex broker. They are licensed by the Financial Services Board (FSB) in South Africa. Their license number is FSP 38782, under the corporate name Blackstone Marketing SA (PTY) Ltd. Client funds are held in segregated accounts.
Many South African traders have had problems using unlicensed brokers, and it is nice to see a broker that is safe for Forex traders in South Africa.
Beginners’ and Customer Support
Customer Service assistants are bilingual and accessible “24X5” during weekly trading hours. Live chat, email, or a direct call from any of sixteen international direct phone lines is all it takes to get professional support immediately. The firm’s support reputation is stellar, but it is even better to know as one of the best training brokers in the business. Educational materials include Training Videos, Technical Analysis, Fundamental Analysis, Webinars, Guardian Angel, Expert Advisors, CM Trading Signals, Flexi Analysis, Support Resistance, and Trendlines Forex. The “Guardian Angel” service is proprietary and unique. Special communication techniques warn traders of rapidly changing conditions in the market.
CM Trading vs. Other Forex Brokers
Traders should always compare their broker with other Forex brokers here.
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