REVIEWS
CM Trading Review 2022
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CM Trading 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 trustworthy 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 of the best features of CMTrading and what you should 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 | Cons |
|---|---|
| • Regulated by the Financial Sector Conduct Authority (FSCA) | • Limited range of financial instruments |
| • Variety of different trading accounts | • Customer support not available 24\7 |
| • Provides Demo Account | • Does not offer Virtual Private Server (VPS) |
| • Offers a range of educational materials | • Does not provide negative balance protection |
| • Provides traders with many trading tools | |
| • Different payment options for deposits and withdrawals | |
| • Fast process for opening an account |
5 Key Takeaways
- CMTrading is fully regulated and licensed by the FSCA in South Africa
- Charges no commissions
- Although it offers floating spreads, they are low compared to other brokers in South Africa
- Offers a variety of Deposit Bonuses
- The high success rate on their forex signals service
Background
CMTrading is a brand name of BLACKSTONE Marketing SA (PTY)Ltd. that was founded in 2011, in South Africa, where it expanded to a 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 of the European Union.
CMTrading Sponsorships
CMTrading has two main sponsors, middleweight 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 to 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.”
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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.
Safety & 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 the 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 the personal information of traders and ensure the best trading experience.
| Pros | Cons |
|---|---|
| • Regulated by the Financial Sector Conduct Authority (FSCA) as a representative of BLACKSTONE Marketing under FSP 38782. | • Does not provide negative balance protection |
| • Stores funds in segregated accounts | • Not allowed in European Union countries |
| • SSL encryption technology provided |
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.
Fees
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 while trading with CMTrading, or not be charged.
| Pros | Cons |
|---|---|
| • No commission charged | • None |
| • No deposit fees | |
| • No withdrawal fees | |
| • No inactivity fees | |
| • Tight spreads | |
| • High leverage level |
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 |
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 are required to open an account.
This CMTrading review offers an in-depth analysis of all the individual trading accounts and their important features.
| Pros | Cons |
|---|---|
| • Access to educational resources | • High minimum deposit amount for Gold and Premium account |
| • Standard leverage level | |
| • Demo Account provided | |
| • Markets review available | |
| • Personal assistant provided except for Bronze Account | |
| • Tight spreads |
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
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.
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.
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
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)
Deposit & Withdrawal
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 | Cons |
|---|---|
| • Different payment methods | • Limited base currencies |
| • No deposit fees | |
| • Fast deposit request | |
| • Minimum deposit amount is 250USD |
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 | Cons |
|---|---|
| • No withdrawal fees | • Slow withdrawal process except for premium clients |
| • Different payment methods | • Limited base currencies |
| • KYC must be verified before withdrawal request | |
| • Same day withdrawals for premium clients |
CMTrading Withdrawal Options
- Electronic Payment
- Credit/Debit Card
- Bank Transfer
Trading Platforms
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 | Cons |
|---|---|
| • Allows hedging | • No two-step login process |
| • Allows scalping | |
| • EAs available | |
| • Customizable indicators | |
| • Available for Windows and Mac | |
| • User-friendly format |
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 | Cons |
|---|---|
| • Downloadable on Mac and Windows | • No two-step login |
| • Customizable indicators | • Basic pending orders |
| • Allows hedging and scalping | |
| • Price alerts and notifications | |
| • User-friendly and easy to navigate |
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 | Cons |
|---|---|
| • Allows hedging and scalping | • No facial recognition |
| • Customizable indicators | • No fingerprint recognition |
| • Easy to navigate | |
| • Available for Android and iOS | |
| • Available to trade on-the-go |
Markets & Financial Instruments
CMTrading provides two different trading platforms, and one copy trading platform at your disposal. 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 | Cons |
|---|---|
| • Provides cryptocurrency | • Limited financial instruments |
| • Access to Asian and European markets |
| What CMTrading Offers | ||||
|---|---|---|---|---|
| Forex | Commodities | |||
| Shares | Cryptocurrency | |||
| Indices | Metals | |||
Markets Research & Trading Tools
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.
| CMTrading Tools | ||||
|---|---|---|---|---|
| Daily Market Review | Social Trading | |||
| Flexi Signals | Guardian Angel | |||
| Pros | Cons |
|---|---|
| • Market review updated daily | • None |
| • Flexi signals available for all currency pairs | |
| • Easy to use social trading platform | |
| • Guardian Angel is free and unlimited |
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 | Cons |
|---|---|
| • Economic calendar updated consistently | • Only available as a member of CMTrading |
| • Accurate technical analysis of prices | |
| • Forex report updated daily | |
| • Easy to read through |
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 | Cons |
|---|---|
| • Fast response | • Not available 24/7 |
| • Accurate answers to your inquiries | |
| • Different means of communication | |
| • Variety of languages to select from | |
| • Very accommodating staff |
Means Of Communication
- Email support
- Phone support
- Postal address
- 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 | Cons |
|---|---|
| • Demo Account provided | • Only available for members of CMTrading |
| • Visual educational resources available | |
| • Masterclass for Trading available | |
| • Free educational resources |
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.
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 | Cons |
|---|---|
| • Free Demo Account | • Cannot transition from Demo to Live Account |
| • Available for all four trading accounts | |
| • Up to 50,000USD in virtual funds | |
| • Unlimited time |
How To Open A Demo Account
Step One: Fill in your personal information in the online application
Step Two: Start Trading!
Conclusion
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 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.
As 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.
Frequently Asked Questions
Is CMTrading Regulated?
What Is The Minimum Deposit Of Cmtrading?
How Do I Withdraw from CMTrading?
Is CMTrading Safe?
How Long Does a Withdrawal FromCMTrading Take?
Is CMTrading an ECN Broker?
Is CMTrading a Good Broker?
Methodology
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.
Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers are double-checked to guarantee 100% accuracy and that we remain unbiased.
2023 Review Methodology
For our 2023 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.
Chad Smith
Director of Research & Analysis
Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com.
Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it.
Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.