CMTrading Review A Scam or Legit Forex Broker ️

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. Quik and fast assistance, CMTrading is on top of their game time to trade. Please have in mind that the relevant department has been infomred and your Market analyst will contact you tomorrow for assistance with your account and bonus. Thank you for posting a review and we’re sorry to hear that your experience was not up to standards.

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. We believe that it is a great thing that this broker offers this type of account. 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.

However, the broker also supports MT4 mobile apps, along with the option of using the SIRIX trader for smartphones and tablets. CMTrading is compatible with web browsers, smartphones, and tablets, making it one of the best options available in the market. CMTrading seems to be really committed to offering the best trading platforms for its traders, and the broker is true to its word by offering some of the leading platforms for trading the Forex market. CMTrading offers a 20% bonus on all deposits that are above $500, with a maximum bonus of $1000 available per account holder. The bonus represents the broker’s strategy to attract international traders, which also contain several terms and conditions related to trading and account transactions.

It includes regular webinars on a range of markets and live seminars – though these have been on pause for most of the pandemic. Four pending order types, including buy stop, sell stop, buy limit, and sell limit. CM Trading’s most popular account, the Silver Account, requires okcoin review a minimum deposit of 1000 USD. Spreads start at 1.2 pips, and traders are afforded one risk-free trade and the services of a personal assistant. Spreads on this account are still wider than one would expect for an entry-level account – despite the high minimum deposit.

While ECN accounts are available, this is only at the Gold and Premium tiers, putting them out of reach for most new traders. This is charged on trades held open overnight and is derived from the difference between the interest rates of the two currencies being traded. CM Trading’s swap rates are published on its website for each financial instrument.

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. After I complained, he stopped his unprofessional behavior but it was not long before he started again. My question is, was he treating me like garbage because I had invested a small amount of money? I believe that a company should treat all customers with respect irrespective of their financial capabilities.

Also, this broker uses WebTrader, which gives investors the ability to trade Forex without having to download additional applications. This can be done via any internet browser that people have on their PCs. The Financial Sector Conduct Authority of South Africa, better known as FSCA, is the main regulatory agency that takes care of the safety of investors using this Forex broker. With the help of the FSCA regulations, this Forex broker is doing everything that it can to make sure that you are staying safe. If you’re new to the Forex market it can be a bit daunting when faced with the number of Forex brokers to choose from. CM Trading is the brand name of Global Capital Markets Trading Ltd, which is a company based in the Seychelles.

The CM Trading demo account is non-expiry and funded with virtual funds. The broker has a solid choice of powerful trading platforms suitable for different levels and needs of traders. The popular MetaTrader 4 platform is available for desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

We will discuss all of these account types one by one to give you full insight. 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.

CMTrading Commissions & Fees

You can trade precious metals like Silver, Gold, and many others at this Forex broker. From calculating a pips, leverage trading models to managing position in Forex trading. After an initial browse of their website we were pleased to see they have a whole page dedicated to the regulations they comply with, rather than having it written in small print at the bottom of every page. Clients of Global Capital become your own trading coach Markets Trading Ltd, via CM Trading Forex Brokers, can sleep soundly in their beds as they are protected under the financial regulation of the Financial Services Board of South Africa. This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead.

Sirix has over 60 built-in indicators, a high level of security, and receives regular software updates. Designed to speed up trading, the Sirix trading windows can be pre-configured to include the instruments and lot sizes you trade regularly. CM Trading offers only USD and EUR accounts, fewer than most other brokers. A brief online application form offers new clients a hassle-free approach to opening an account. It does not collect unnecessary information and only requires a name, date of birth, e-mail address, desired password, and valid mobile phone number.

So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country.

CM Trading Deposit and Withdrawal

Secondly, if you are looking to trade cryptocurrency CFDs, you have to know that CM Trading only offers 23 digital assets , which is less than we are used to seeing from CFD brokers. Depending on what you intend to deposit, CM Trading offers four different account types with different traits. The chart analysis section is accompanied by a brief, yet useful, analytical breakdown of the major currency pairs.

My experience with the company so far has been rewarding and educative.

Our review of CMTrading find that their traders can use a variety of trading platforms including; MetaTrader 4, Panda TS which is mobile optimized. For mobile trading they have the MT4 App, available for iOS and Android. In January 2022, they switched from the Sirix trading platform to the new Panda trading platform.

But they would rather give smaller spreads and less taxes to their premium clients who have over $ invested in their accounts as they would easily do twice as much within weeks. We understand that for many, parting with their hard-earned money is a huge decision, and aim to make it easy to trade so that they always feel supported! We want every one of our customers to have the best possible trading experience.

This account type is perfect for those who are new to the Forex trading market and are still learning. Although there are not so many benefits available for Bronze Account holders, there still are many great services that you can enjoy. Every user of simple scalping strategy the Bronze Account is able to enjoy up-to-date market reviews, special E-Book, and webinars that can make Fore trading a lot easier. Contracts of Difference, better known as simply CFDs, are something that is used by millions of traders every day.

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While we were processing your request, we had some concerns that your trading activity may have violated our terms and conditions, therefore we carefully checked your account, which we are more than allowed to do. Once all doubts were removed, the withdrawal of your profits was processed back to you without any issues. You claim that “you were sold” a product you didn’t want, and yet it took you over 2 weeks to even say something and again only after the market had turned against your trades. If you had closed your trades in time and taken the profits you had generated then, we are pretty sure you wouldn’t be regretting not getting the Bitcoin Loophole software. Unfortunately, later that day, the market turned against your trades and the losses generated were greater than the profits that had been made up to that point.

And we also provide access to the CopyKat system which allows you to copy other more experienced traders and the Expert Advisors that allow for automated trading on the MetaTrader 4 trading platform. There is a good variety of different deposit and withdrawal options including, bank wire, credit card and some online payment processors such as Neteller. Bitcoin funding is also available, something that you won’t find with many brokers. If you do want crypto funding, Hugo’s Way is another option to consider.

Our verdict on CM Trading

ScamBroker.com is a broker reviews website, and does not offer any investing advice or service. Nothing on this website should be considered a recommendation or endorsement. We are not responsible for any losses you may incur, by investing with a company mentioned on this website. Always verify that your broker, is licensed by your local financial regulator. Recently, CMTrading moved its entity to an offshore zone Seychelles, which luck in regulation requirement and can not guarantee a safe trading environment.

Executive Account delivers tighter spread, exclusive 2 Risk-Free Trade offering along with the advanced Webinars, Understanding of Technical and Fundamental analysis and VIP CMT Prepaid Card for money transactions. Accounts can be opened in USD, EUR, GBP. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. It is great that they provide this account for Muslim traders who cannot pay interest due to their religious beliefs.

CMTrading notes 150+ assets across five sectors, consisting of Forex, cryptocurrencies, commodities, equities and indices. Then on Nov 2019, i bring more deposited clients to them to complete the target. Then the story BEGIN, they called me and talk very rudely said they wont paid this IB money no matter what. Don’t get fooled into using them due to their low spreads, they screw you in the end if you make money. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.

It’s a type of social trading that helps you diversify your investments and lower your risk, as you’re automatically copying a portfolio of assets rather than placing individual trades. This is especially true in the case of market analysis and news articles. This Forex broker offers these types of articles to its clients, which is very helpful for many investors to make decisions.

FXTM Fees, Spreads, and Commission

They also have their very own CopyKat platform for signal copying and the Sirix WebTrader social trading platform. As our review of CM Trading shows, this broker offers investors the ability to use several different trading platforms. MT4 was established by a Russian company called MetaQuotes exactly 15 years ago, in 2005. More than 90 percent of all brokers are using this trading platform as of today.

It has to be downloaded, and newcomers may take a little time to become familiar with some of the system’s intricacies. There is, of course, an MT4 CM Trading mobile version for those traders who prefer to trade on the move. And we can’t forget to mention CM Tradings very own CopyKat option that is accessible through WebTrader. There is also an innovative warning system called Guardian Angel, that notifies traders instantly of any changes in the market. 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.

With the help of amazing educational material, users of gold account will be able to keep in touch with the developments on the market at all times. Also, spreads are very regular and are not so different from other Forex brokers on the market, and you can trade every available instrument with Bronze Account. The minimum deposit for traders using Bronze Account is as much as $250, and the maximum stands at $999. Price manipulation occurs and other services became mediocre after minimal experience.

FXTM Minimum Deposit

I like that they put great emphasis on providing you with powerful yet easy to use platforms along with plenty of trading tools for conducting in-depth market analysis. You can really setup the trading environment to be as simplistic or complex as you need it to be. The social trading integration enables you to follow other traders in an active online community to increase your knowledge and copy other traders . Just make sure that you are aware of the risks involved when copying other traders. I personally prefer to conduct my own market analysis before making a trade decision.

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