CM Trading Review 2020

cmtrading
$250
Min. Deposit
$250
Bonus
Regulated byFSCA
Leverage1:200
Customer Support24/5
Open Account

CM Trading Summary

CMTrading was established in 2012, in South Africa, and has soon evolved into one of the best and most innovative Forex brokers in South Africa. Regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, this Forex broker is considered one of the safest and most trust worthy brokers you can find.

CMTrading is a South African Forex broker that was established in 2012, with more than 50 financial instruments you can trade with. This CFD trading broker allows you to select from up to four different trading accounts, and you can always try them out first with their Demo account. You can trade with CMTrading through two of their trading platforms: MetaTrader4 and Sirix Platform, and you can also use their Forex Trading application.

This CMTrading review will provide you with an in-depth analysis on the best features of CMTrading and what you should you know before trading with them.

CM Trading Main Features
Established in:
2011
Headquarters:
South Africa
Regulations:
FSCA
Country of regulation:
South Africa
Minimum Deposit:
$250
Platforms:
MT4, Sirix Platform
Demo Account Available:
Yes
Leverage:
200:1
Withdrawal fee amount:
$0
Inactivity Fee:
No

Pros

  • Regulated by the Financial Sector Conduct Authority (FSCA)
  • Variety of different trading accounts
  • Provides Demo Account
  • Offers a range of educational materials
  • Provides traders with many trading tools
  • Different payment options for deposits and withdrawals
  • Fast process for opening an account
  • Minimum deposit amount for 250USD
  • Different means of communication with customer support
  • Does not charge commission for any trade

Cons

  • Limited range of financial instruments
  • Customer support not available 24\\\\7
  • Does not offer Virtual Private Server (VPS)
  • Does not provide negative balance protection
  • Not allowed in European Union countries

Background

CMTrading is a brand name of BLACKSTONE Marketing SA (PTY)Ltd. that was founded in 2011, in South Africa, where it expanded to Forex broker that has reached more than 10,000 traders all over the world. This CFD trading broker has won several awards throughout the years, and has attained the reputation of one of the best Forex brokers in South Africa. However, you will not be able to trade CMTrading if you are a resident in the European Union.

CMTrading Sponsorship

CMTrading has two main sponsors, middle weight champion Dricus du Plessis and rugby player Elton Jantjies.

Elton Jantjies is a South African rugby player, who singlehandedly has led the Springboks Team to victory with an 86% success rate on his goals. According to Jantjies, trading with CMTrading was one of the best decisions he has ever made in his career. He states “”As a professional rugby player and experienced trader, CM Trading has a lot to offer me both in terms of their generous sponsorship and refining my trading skills. I’ve been trading online for several years now, and never have I encountered such an incredible platform or trading tools of this caliber.”

Dricus du Plessis is an EFC Champion since 2013, and he is a brand ambassador of CMTrading. CMTrading managed to support du Plessis by endorsing him throughout his professional matches. According to Plessis, he is grateful of CMTrading and the assistance provided. “As a professional athlete it’s vital that I use my earnings wisely, and being able to learn the art of trading with CM Trading will definitely assist me in setting up additional revenue streams to ensure I am financially sound when I decide to hang up the gloves one day.”

Safety and Regulation

CMTrading is regulated by the main financial regulatory agency in South Africa, known as the Financial Sector Conduct Authority (FSCA). This Forex broker stores client funds in segregated accounts and provides traders with the best encryption technology, SSL technology, to protect sensitive information of the trader.

This CMTrading review will show you the different forms of protection that CMTrading takes for traders, and demonstrate the benefits of its regulations to the FSCA.

Is CMTrading Safe?

CMTrading is considered to be one of the safest Forex brokers in the whole world, since it is regulated by a major financial body. CMTrading ensures the safety of client funds by storing them in segregated accounts, away from corporate funds. This Forex trading provider also uses SSL encryption technology to protect personal information of traders and ensure the best trading experience.

Pros

  • Regulated by the Financial Sector Conduct Authority (FSCA) as a representative of BLACKSTONE Marketing under FSP 38782.
  • Stores funds in segregated accounts
  • SSL encryption technology provided

Cons

  • Does not provide negative balance protection
  • Not allowed in European Union countries

Regulation

CMTrading is regulated by one of the top tier financial regulators in the world, known as the Financial Sector Conduct Authority (FSCA), as a representative of BLACKSTONE Marketing under FSP 38782. As a Forex broker under a regulatory body, this trading service provider must abide by the rules and policies of its financial regulator, in order to keep providing its services to traders.

Protection

CMTrading has emphasized the fact that it keeps client funds away from corporate funds, in segregated accounts. This Forex broker also provides SSL encryption technology to provide protection to client information, and to ensure a safe connection between Forex broker and client.

Awards

CMTrading has been nominated as a finalist for the National Business Awards, one of the most reputable awards in South Africa. CMTrading has also been awarded as the Best Financial Broker for three simultaneous years.

CMTrading Fees

CMTrading fees are considered to be low, compared to other Forex brokers. You will not be charged a commission for any trade, since CMTrading profits from the spreads provided. The non-trading fees are non-existent, because you will not be charged for any deposit or withdrawal fee, not even an inactivity fee.

This CMTrading review demonstrates what trading and non-trading fees you will be charged with while trading with CMTrading, or not be charged with.

Pros

  • No commission charged
  • No deposit fees
  • No withdrawal fees
  • No inactivity fees
  • Tight spreads
  • High leverage level

Cons

  • None

With CMTrading, you will find that you will not be charged with commission on any trade, unlike other Forex brokers. CMTrading generates profit from the spreads that you trade with, and do not add any additional trading fees. You will not have to worry about being charged with any trading fees, and you can trade transparently, since CMTrading offers the calculations made in their Trading Conditions section in the website.

CMTrading Non-Trading Fees

Most CFD trading brokers generate profit from the non-trading fees aspect, but with CMTrading does not charge any non-trading fees. You will not have to pay a fee whenever you withdraw funds from your account, or when you deposit funds into your account. There is no fee for your lack of activity, or an inactivity fee, and you will not be charged with an annual account fee to keep your trading account.

Deposit Fees and Withdrawal Fees
Deposit Fees 0USD
Withdrawal Fees 0USD

CMTrading Fees Compared To Competitors
CMTrading XM AvaTrade
Account Fee No No No
Inactivity Fee No Yes Yes
Deposit Fee 0USD 0USD 0USD
Withdrawal Fee 0USD 0USD 0USD

CM Trading Leverage

CMTrading has a standard maximum leverage level of 200:1. With each trading account, you will have the option to trade with a maximum leverage level up to 200:1, but you will not be able to find leverage level higher than that.

Account Opening

CMTrading provides four different trading accounts, which are: Bronze Account, Silver Account, Gold Account, and Premium Account. All four trading accounts have different features and benefits, along with different minimum deposit amounts that is required to open an account.

This CMTrading review offers an in-depth analysis on all the individual trading accounts and its important features.

Pros

  • Access to educational resources
  • Standard leverage level
  • Demo Account provided
  • Markets review available
  • Personal assistant provided except for Bronze Account
  • Tight spreads

Cons

  • High minimum deposit amount for Gold and Premium account

CM Trading Minimum Deposit

The minimum deposit of CMTrading of their Bronze Account is 250USD. For the Silver Account, you are required a minimum deposit of 1000USD. The Gold Account of CMTrading requires a minimum deposit amount of 10,000USD, and the Premium Account that is the highest type of trading account, requires a minimum deposit amount of 100,000USD.

Accounts Types

  • Bronze Account
  • Silver Account
  • Gold Account
  • Premium Account

CM Trading Bronze Account

The Bronze Account for CMTrading is the best option for a novice trader; it offers the most basic features and provides access to market reviews. You are required a minimum deposit amount of 250USD, and a maximum leverage level up to 200:1. The spreads for the Bronze Account are regular, but the main benefit of the Bronze Account is the amount of educational materials you can get your hands on. You will able to have access to Webinars, Video-On-Demand (VOD) on Introduction to Trading, and you will be able to read free CMTrading e-books.

CM Trading Silver Account

The Silver Account for CMTradig offers the same features as the Bronze Account, but there are more benefits as you choose higher quality accounts. The Silver Account also provides you with access to market reviews, and a standard leverage level of 200:1. You will, however, be required a minimum deposit amount of 1,000USD. The Silver Account spreads start from as low as 1.2 pip, and you will have the option of one risk-free trade.

You will have all the educational resources you may need, along with a personal assistant to help while trading. The educational resources are webinars, e-books, VOD on Introduction to Advanced Trading.

Gold Account

The Gold Account for CMTrading requires a minimum deposit amount of 10,000USD, which is considered as a high requirement. However, you will have low spreads that start from 0.9 pips with a standard leverage level of 200:1, and you have the option of up to 3 risk free trades. You can use a range of different educational materials such as webinars, VOD on Introduction to Professional Trading, and e-books. The Gold Account provides you with trading tools to help your trading sessions: personal assistant, markets review, and volume cash back.

CM Trading Premium Account

The fourth and final account, the Premium Account, is the best trading account for expert traders who have extensive background on the trading industry. You will be required to pay a minimum deposit amount of 100,000USD and higher. As a holder of the Premium Account, you will enjoy a range of benefits, such as: personal assistant, a customized account, a trading specialist, and access to Trading Room. You are offered spreads that start as low as 0.9pips, with a standard leverage level of 200:1. The Premium Account shares the same educational resources as those of the Gold Account.

How To Open a CM Trading Live Account

Step One: Fill in your personal information in the online application

CMTrading Live Account Step 1

Step One: Fill in your personal information in the online application

Step Two: Solve a financial questionnaire to demonstrate your knowledge in trading

CMTrading Live Account Step 2

Step Two: Solve a financial questionnaire to demonstrate your knowledge in trading

CMTrading Live Account Step 2

Step Two: Solve a financial questionnaire to demonstrate your knowledge in trading

Step Three: Upload your Proof of Identity (POI) and Proof of Residence (POR)

CMTrading Live Account Step 3

Step Three: Upload your Proof of Identity (POI) and Proof of Residence (POR)

Deposit & Withdrawal

With CMTrading, you will not have to consider a deposit or withdrawal fee, because there is no charge. There are several methods of payment for withdrawal and deposits, but KYC needs to be verified for each withdrawal request, to ensure client safety. CMTrading offers only two base currencies: EUR, and USD, which limits your options.

This CMTrading review highlights the benefits and fall-backs of the deposits and withdrawals aspect of CMTrading.

Account Base Currencies

CMTrading only provides two base currencies, which are EUR and USD. This means that you can only select from these two currencies to trade with, and any other currencies funded into your trading account will be converted to the base currency you choose when you open an account.

EUR USD

Deposits

With CMTrading, you will not have to consider a deposit fee whenever you deposit funds into your trading account. There is no deposit fee, and you will be able to select a payment method of your choice since there are different payment methods. CMTrading requires a minimum deposit amount of 250USD, which is considered low.  When you deposit funds into your CMTrading account, it is a relatively fast process.

Pros

  • Different payment methods
  • No deposit fees
  • Fast deposit request
  • Minimum deposit amount is 250USD

Cons

  • Limited base currencies

CMTrading Deposit Options

  • Electronic Payment
  • Credit\\\\Debit Card
  • Bank Transfer

Withdrawal

With CMTrading, you will not be charged with a withdrawal fee, but you will have to consider the limited base currencies that are CMTrading offers. You will also have to verify your identity via Know Your Customer (KYC) before making a withdrawal request, for additional protection to your funds. If you are a premium client, you have the option of same day withdrawals, but it normally takes 3-5 business days for other trading account holders.

Pros

  • No withdrawal fees
  • Different payment methods
  • KYC must be verified before withdrawal request
  • Same day withdrawals for premium clients

Cons

  • Slow withdrawal process except for premium clients
  • Limited base currencies

CMTrading Withdrawal Options

  • Electronic Payment
  • Credit/Debit Card
  • Bank Transfer

Trading Platforms

CMTrading provides two different trading platforms, and one copy trading platform at your disposal. You can choose to trade using the mainstay platform MetaTrader4, or the WebTrader platform Sirix.

This CMTrading review will demonstrate the trading experience of the mainstay platform, MetaTrader4, with its web, desktop, and mobile trading platform.

  • CMTrading CopyKat
  • Sirix WebTrader Platform
  • MetaTrader4

Web Trading Platform

With MetaTrader4 web trading platform, you will have the option for 4 pending orders, which are:  Buy Stop, Sell Stop, Buy Limit, Sell Limit. These four pending orders are the most basic and most essential trading orders. You also have the option of a Stop Loss order, which is a pending order that allows you to buy or sell a stock once it reaches your target price.

With CMTrading MT4 web trading platform, you will not have the option of a two-step login process. You will only have the initial login process to rely on to protect your MT4 account. However, you will be allowed to view your performance history; this includes fee reports, past trades, and trading portfolio.

The CMTrading MT4 web trading platform allows you to be alerted through email notifications for any price movements that you want to know about. These email notifications allow you to be instantly notified when a price moves in the position you want.

Pros

  • Allows hedging
  • Allows scalping
  • EAs available
  • Customizable indicators
  • Available for Windows and Mac
  • User-friendly format

Cons

  • No two-step login process

Desktop Trading Platform

With MetaTrader4 desktop trading platform, there are 4 pending options, which are the most basic and also the most important pending orders you will find in any trading platform These pending orders are: Buy Stop, Sell Stop, Buy Limit, Sell Limit. You also can use the Stop Loss order, a pending order that permits you to buy or sell an instrument once it is at its ideal position for you.

Unfortunately, you cannot find a two-step login process, for additional security. It is up to you to rely on only the initial login process that protects your funds and personal information. However, despite that setback, the desktop trading platform allows scalping and hedging, as well as Expert Advisors (EAs).

The CMTrading desktop trading platform is available to download on Mac and Windows, which means that you will receive notifications on the desktop of your device. You can activate it through your MT4 account, to be alerted of any price movements of your choosing.

Pros

  • Downloadable on Mac and Windows
  • Customizable indicators
  • Allows hedging and scalping
  • Price alerts and notifications
  • User-friendly and easy to navigate

Cons

  • No two-step login
  • Basic pending orders

Mobile Trading Platform

With MetaTrader4 mobile trading platform, you will have the option for 4 pending orders, which are:  Buy Stop, Sell Stop, Buy Limit, Sell Limit.  You will also have access to the Stop Loss order, which is a pending order that allows you to buy or sell a stock once it reaches your target price. This mobile application is best for traders who like dealing on-the-go, trading anytime and anywhere.

With CMTrading MT4 mobile application, you will not have the option of facial recognition or fingerprint recognition as a second login. You will only have the initial login process with your username and password. However, to make up for that disadvantage, you can always your performance history; this includes fee reports, past trades, and trading portfolio.

The CMTrading MT4 mobile application platform allows you to be alerted through push notifications for any price movements that you want to know about. These push notifications set up on your mobile device allow you to be immediately notified when a price moves in the ideal position for you.

Pros

  • Allows hedging and scalping
  • Customizable indicators
  • Easy to navigate
  • Available for Android and iOS
  • Available to trade on-the-go

Cons

  • No facial recognition
  • No fingerprint recognition

Markets & Financial Instruments

CMTrading provides over 50+ financial instruments that you can trade with. You will be able to access refined and common financial markets like the Currency Pairs Market, and unique and almost unattainable financial markets like the Cryptocurrency Market.

This CMTrading review will demonstrate what financial markets you will have access to and how many financial instruments you can trade with.

Pros

  • Provides cryptocurrency
  • Access to Asian and European markets

Cons

  • Limited financial instruments
What CMTrading Offers
Forex Commodities
Shares Cryptocurrency
Indices Metals

CMTrading offers traders with 46 Forex pairs, or currency pairs, and 4 cryptocurrency pairs. This Forex broker also provides 10 commodities, 62 equity shares, and 17 indices. This means that you will have access to 6 asset classes, and more than 50 financial instruments for you to trade with.

Markets Research & Trading Tools

CMTrading provides a range of different trading tools to improve your trading strategies and facilitate your trading sessions. You will find that you have the ability to view daily reports on Forex trading, be updated on all economic events around the world, and interact with other traders via Social Trading.

This CMTrading shows you the different trading tools and market research resources and how it will help your trading.

Trading Tools

CMTrading tools are one of the best features of this Forex broker, since it provides unique tools that are not easily found in the trading industry. With CMTrading tools, you will be able to interact with other traders, look through previous performances and strategies of financial instruments, and be updated daily on financial markets.  

Daily Market Review Social Trading
Flexi Signals Guardian Angel

Pros

  • Market review updated daily
  • Flexi signals available for all currency pairs
  • Easy to use social trading platform
  • Guardian Angel is free and unlimited

Cons

  • None

CMTrading tools are extensive and exist to facilitate your trading experience, whether you are a novice trader or an advanced trader with years of experience. Social trading allows you to interact with other traders, sharing ideas and strategies. This gives a human touch to the trading world, and allows you to learn from other people.

The Flexi signals give you insight on all the previous positions of the performances of financial instruments, which will help you in predicting the next position for trading. The Guardian Angel trading tool is a new tool that sends you direct messages and signals of market trends. It also provides you with automated feedback on how to trade with market volatility indications. The Daily Market review offers information and insight on all the financial markets and what events take place.

Market Research

CMTrading offers you with three market research materials that are simple and essential to trading. As a trader, it is important to be updated with all economic events around the world and on the financial markets, which is exactly what CMTrading offers you.

Pros

  • Economic calendar updated consistently
  • Accurate technical analysis of prices
  • Forex report updated daily
  • Easy to read through

Cons

  • Only available as a member of CMTrading

CMTrading provides traders with an economic calendar that is updated regularly, to notify on economic events that take place around the world. You will also have a Daily Forex report, which is updated on a daily basis, that alerts you on the happenings of the Forex market. The third market research material is technical analysis, which uses mathematical equations to determine supply and demand of prices.

Customer Service

With CMTrading, you will find that there is a very stable and accommodating customer support service. Despite not being to contact them 24\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\7, you will find that the fast and accurate response of the CMTrading customer support team enough to make up for it.

This CMTrading review will show you the different means of communication to contact the customer support staff.

Pros

  • Fast response
  • Accurate answers to your inquiries
  • Different means of communication
  • Variety of languages to select from
  • Very accommodating staff

Cons

  • Not available 24/7

Means Of Communication

    • Email support
    • Phone support
    • Postal address
    • WhatsApp
    • Message Forum

There are different languages for you to choose from, and different methods for you to reach out to the customer service. The approximate time for customer service to respond is withing 3 minutes, which very impressive. Along with their impressive time, they do not waste any time by giving accurate responses to all of your questions.

Many clients were impressed with the different methods of communication, and have found that the customer support service has been very accommodating and appreciative of their feedback. The human-touch aspect of CMTrading and their customer service has made the clients’ overall experience beneficial and helpful.

Client Education

CMTrading understands the importance of client education, which is why it provides unlimited and free educational materials for its traders. You can watch videos on trading, read e-books on trading, and even join the Masterclass for Trading. If you would like a hands-on approach to CMTrading, you can always join the free and unlimited Demo Account.

Pros

  • Demo Account provided
  • Visual educational resources available
  • Masterclass for Trading available
  • Free educational resources

Cons

  • Only available for members of CMTrading

CMTrading provides traders with different educational materials, to further explain trading and its aspects to them. You will find various trading e-books and training videos for you to watch, along with the option to join the top-quality Masterclass course for Trading.

You can also use the free Demo Account and join CMTrading simulation of a real-life trading experience.

LIST: Client Education Resources

  • Masterclass
  • What is Forex?
  • Training Videos
  • E-books
  • Webinars

The Demo Account is free and available for all four trading accounts, with virtual funds up to 50,000USD. This Demo account allows you to join a simulation of a trading account, without facing any financial loss. In this form of educational method, you can learn more about the trading world and this Forex broker without having any risk come your way.

Pros

  • Free Demo Account
  • Available for all four trading accounts
  • Up to 50,000USD in virtual funds
  • Unlimited time

Cons

  • Cannot transition from Demo to Live Account

How To Open a Demo Account

Step One: Fill in your personal information in the online application

CMTrading Demo Account Step 1

Step One: Fill in your personal information in the online application

Step Two: Start Trading!

Conclusion

As an overall, CMTrading is a very trustworthy broker that is regulated by the Financial Sector Conduct Authority, under the license of FSP 38782, where it stores client funds in segregated accounts and provides SSL encryption technology.

There are four different account types, with different features and different minimum deposit accounts. However, both the trading fees and non-trading fees of CMTrading are the same, non-existent. There are no deposit fees, withdrawal fees, commissions, or even inactivity fees to worry about.

With CMTrading you can both trade and social trade with other people, and you can always count on the customer service to help you with an issue on your way. In conclusion, CMTrading is a transparent and safe broker to trade with, deserving of its title as the Best Financial Broker, for three years in a row.

cmtrading
$250
Min. Deposit
$250
Bonus
Regulated byFSCA
Leverage1:200
Customer Support24/5
Open Account

CMTrading Overall Performance

  • Safety and Regulation 98% 98%
  • Deposit and Withdrawal 98% 98%
  • Market Research & Trading Tools 97% 97%
  • Broker Fees 98% 98%
  • Trading Platforms 97% 97%
  • Customer Service 99% 99%
  • Account Opening 98% 98%
  • Market & Financial Instruments 97% 97%
  • Client Education 99% 99%

Frequently Asked Questions

Is CMTrading Regulated?

CMTrading is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, as a representative of BLACKSTONE Marketing SA (PTY)Ltd. under the license of FSP 38782.

What Is The Minimum Deposit Of Cmtrading?

The minimum deposit of CMTrading of their Bronze Account is 250USD. For the Silver Account, you are required a minimum deposit of 1000USD. The Gold Account of CMTrading requires a minimum deposit amount of 10,000USD, and the Premium Account that is the highest type of trading account, requires a minimum deposit amount of 100,000USD.

How Do I Withdraw from CMTrading?

You can withdraw from your CMTrading trading account via these payment options: Credit\\\\\\\\Debit Card, Bank Transfer, and Electronic Payment.

Is CMTrading Safe?

CMTrading is considered to be one of the safest Forex brokers in the whole world, since it is regulated by a major financial body. CMTrading ensures the safety of client funds by storing them in segregated accounts, away from corporate funds. This Forex trading provider also uses SSL encryption technology to protect personal information of traders and ensure the best trading experience.

How Long Does a Withdrawal FromCMTrading Take?

Withdrawals from CMTrading takes approximately 3-5 business days, depending on your withdrawal option.

Is CMTrading an ECN Broker?

Yes, it is an ECN broker.

Is CMTrading a Good Broker?

CMTrading is considered to be one of the safest Forex brokers in the whole world, since it is regulated by a major financial body. CMTrading ensures the safety of client funds by storing them in segregated accounts, away from corporate funds. This Forex trading provider also uses SSL encryption technology to protect personal information of traders and ensure the best trading experience.