deposit:
- $250
Trading platform:
- WebTrader
- MetaTrader4
- Mobile application
- Sirix
- FSCA
- 0%
CMTrading Review 2024
deposit:
- $250
Trading platform:
- WebTrader
- MetaTrader4
- Mobile application
- Sirix
- FSCA
- 0%
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Summary of CMTrading Trading Company
CMTrading is a broker with higher-than-average risk and the TU Overall Score of 3.61 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by CMTrading clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. CMTrading ranks 191 among 395 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
The broker CM Trading offers acceptable trading conditions for active traders with different trading experiences. There are no investment instruments.
The CM Trading broker has been providing financial services in the international Forex market since 2012. The company is focused on working with active traders and provides optimal trading conditions. CM Trading allows advisors, provides a vast array of instruments for market analysis, and its seasoned professionals always have your back. CM Trading is regulated by the FSCA 38782 (Financial Sector Conduct Authority of South Africa) and the FCA (Financial Conduct Authority of Seychelles).
The broker's portfolio of trading instruments includes currency pairs, cryptocurrencies, indices, and CFDs. There are few assets for long-term investments in the company, so the broker offers investors another way to get passive income. It can be done using the services of trade copying agencies or apps.
💰 Account currency: | USD, EUR |
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🚀 Minimum deposit: | 250 USD, EUR |
⚖️ Leverage: | 1:200 |
💱 Spread: | From 0.9 pips |
🔧 Instruments: | Currency pairs, indices, cryptocurrencies, commodities, CFDs |
💹 Margin Call / Stop Out: | From 20% |
👍 Advantages of trading with CMTrading:
- A vast array of trading accounts, including ECN accounts and an Islamic account.
- The presence of a service for copying transactions, which allows you to receive passive income.
- Tons of training materials and instruments for market analysis.
- Segregated accounts are used to store clients’ funds and the broker does not have access to them.
- For trading, you can use built-in advisors or those offered by the MT4 platform.
- Fast registration procedure on the site.
- Demo account availability.
👎 Disadvantages of CMTrading:
- The minimum deposit amount is 250 EUR or USD, which is not always a top-tier option for beginners.
- Trading accounts can be opened in only two currencies: euros or US dollars.
- The broker offers a small number of payment systems for deposits and withdrawals.
Evaluation of the most influential parameters of CMTrading
Trade with this broker, if:
- You are looking for a broker that offers a wide range of trading accounts, including ECN accounts and an Islamic account to cater to different trading preferences.
- The presence of a service for copying transactions appeals to you, providing an opportunity for passive income through copy trading.
Do not trade with this broker, if:
- You prioritize a lower minimum deposit, as the minimum deposit amount of 250 EUR or USD may not be a top-tier option for beginners.
- You prefer more flexibility in choosing account currencies. This could be a limitation as trading accounts with this broker can be opened only in two currencies (euros or US dollars).
- Regulatory oversight from established authorities like the FCA or SEC is crucial for you. CMTrading might not be suitable as it may lack such top-tier regulation.
Table of Contents
Geographic Distribution of CMTrading Traders
Popularity in
Video Review of CMTrading i
Top 3 CMTrading Customer Reviews i
I am studying several brokers in one shot. So far, I select brokers on these grounds: reliability, low spreads, a variety of assets, the availability of copy services, and training materials. For two weeks of trading, it is a mammoth task to identify significant pros and cons. I like the copy service, but the minimum deposit caught me off guard. There is no clear understanding of what I’m paying that kind of money for. So for now, I am hovering among three brokers.
You can look at CMTrading from different angles. On the one hand, the broker is not bad for active trading because there are trading instruments, the spreads are adequate, everything works smoothly on an ECN account, and I have never seen a delay in execution. A personal manager is not a cup of tea for everyone. I would prefer that newbies have personal consultants because my manager has been urging me to raise the deposit and open useless deals. Maybe it's just me that was so lucky, and other managers are more competent, but I get more profit when I trade single-handedly, without any advice. Yet, advisors are allowed here, and there are enough indicators. Besides, I can already customize them for myself so it will be a smooth operation.
I have been trading with CMTrading broker for more than three years and I am in no hurry to withdraw funds from here. There are several reasons for this. First, there are ECN accounts where execution is instantaneous. I am sure that my deal will be exactly the way I want it. Second, there are several trading platforms. I use both MT4 and Sirix, each has its advantages. For example, in MT4 there is a large selection of indicators and advisors, while in Sirix you can use CopyKat and get income just for the competent setup of your account.
CM Trading Latest Comments for 2024 i
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Expert Review of CMTrading
The CM Trading broker is under the supervision of two regulatory bodies, FSCA and FCA, which ensure its reliability for users. Client funds are also protected and held in segregated accounts. Thus, only the trader has access to his money, and he can only use it for trading. The management of the brokerage company has no right to dispose of this capital. Traders have no protection from compensation funds.
In CMTrading, four types of accounts are available to a trader. Trading conditions on each type of account change from the required minimum to the maximum configuration, which includes a personal assistant, additional analysis tools, etc. Each of the accounts can be transferred to ECN status, for this it is enough to contact a personal consultant or write to the broker by mail.
For users who profess Islam, there are Islamic accounts created under Sharia law.
The main page of the site contains all the information a trader needs to know about trading, including trading assets and platforms, instruments for market analysis, copy service, an affiliate program, a description of trading accounts, and answers to frequently asked questions (FAQs). There is no information on non-trading commissions on the site.
Dynamics of CMTrading’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Although the broker is aimed at working with active traders, the company also provides an opportunity to receive passive income.
CopyKat service
With its help, CMTrading clients can copy trades of successful traders. It is enough to link the copy service to your account, choose a managing trader to copy, and make a profit. Also, the service of copying transactions allows not only copying transactions of other traders but also learning from the decisions of professional traders.
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The service allows you to receive passive income without direct effort.
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The user can choose a trader whose trades will be copied, based on his trading style and working strategies.
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You can revise the copy settings if necessary.
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The service is free of charge. The trader only pays the spread, as in normal trading.
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The service can be used by both beginners and professionals. Beginners can watch the deals of successful traders and learn from them.
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Professionals can competently set up CopyKat and receive passive income.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
CM Trading’s affiliate program
Also, the brokerage company offers another way to get income, but not by trading. This way is by participating in an affiliate program. CMTrading has developed several ways to participate:
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For teachers and colleagues in the field. The program is open to traders who have experience in training traders, as well as EA developers, business referrers, and signal providers.
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For professionals in fund management. Traders with extensive experience in the stock markets, financial managers, or investment consultants can become partners. The partner should have its own customer network.
Each member of the referral program receives an individual referral link. The referrer's task is to attract new clients to the company who will actively trade. Depending on the type of affiliate program, the trader receives a reward for attracted clients, as well as other pleasant bonuses. There is a tab in the referrer's personal account, with which you can monitor the activity of invited traders.
Trading Conditions for CMTrading Users
For Forex trading, the broker allows clients to choose a convenient type of trading account and trading platform, including the standard MetaTrader 4 with pre-installed advisors. For novice traders or investors, there is a service for copying transactions called CopyKat. Among the available assets are cryptocurrencies, indices, and Forex instruments. The maximum leverage is 1:200, the minimum deposit is 250 EUR or USD. The margin-call level depends on the type of account.
$250
Minimum
deposit
1:200
Leverage
24/7
Support
💻 Trading platform: | MetaTrader 4, Sirix, mobile applications for Android and iOS, Web version for trading from a browser |
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📊 Accounts: | Bronze Account, Silver Account, Gold Account, Premium Account, ECN Accounts, Islamic Account |
💰 Account currency: | USD, EUR |
💵 Replenishment / Withdrawal: | Credit or Debit Card, Wire Transfer, Neteller, M-pesa, Online Naira |
🚀 Minimum deposit: | 250 USD, EUR |
⚖️ Leverage: | 1:200 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.1 lot |
💱 Spread: | From 0.9 pips |
🔧 Instruments: | Currency pairs, indices, cryptocurrencies, commodities, CFDs |
💹 Margin Call / Stop Out: | From 20% |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Market execution (for ECN accounts) |
⭐ Trading features: | There is a service for copying transactions; and trading CFDs |
🎁 Contests and bonuses: | No |
Comparison of CMTrading with other Brokers
CMTrading | RoboForex | Exness | FxPro | Tickmill | FXGT.com | |
Trading platform |
MT4 SIRIX | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MobileTrading, MT5, cTrader, FxPro Edge | MT4, MT5, Tickmill Mobile App | MetaTrader4, MetaTrader5 |
Min deposit | $250 | $10 | $10 | $100 | $100 | $5 |
Leverage |
From 1:200 to 1:400 |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
Trust management | No | No | No | No | Yes | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 1 point | From 0 points | From 1 point | From 0 points | From 0 points | From 0.5 points |
Level of margin call / stop out |
100% / 20% | 60% / 40% | No / 60% | 25% / 20% | 100% / 30% | 50% / 20% |
Execution of orders | STP | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution |
No deposit bonus | $1 | No | No | No | $30 | No |
Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
CMTrading | RoboForex | Exness | FxPro | Tickmill | FXGT.com | |
Forex | Yes | Yes | Yes | Yes | Yes | Yes |
Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
Crypto | Yes | No | Yes | Yes | Yes | Yes |
CFD | Yes | Yes | Yes | Yes | Yes | Yes |
Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
Stock | Yes | Yes | Yes | Yes | Yes | Yes |
ETF | No | Yes | No | No | No | No |
Options | No | No | No | No | No | No |
CMTrading Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Bronze Account | $10 | Not indicated |
Silver Account | $12 | Not indicated |
Gold Account | $9 | Not indicated |
Premium Account | $9 | Not indicated |
If a trader keeps a position open for more than 24 hours, the trader is charged a swap commission, which is a fee for moving the position to the next day. The swap amount depends on the trading asset. We also analyzed the commission indicators in CM Trading against the indicators of other brokers. As a result of the comparison, each broker received a level of trading fees: high, medium, and low.
Broker | Average commission | Level |
CMTrading | $10 | High |
RoboForex | $1 | Low |
Pocket Option | $8.5 | Medium |
Detailed Review of CM Trading
The CM Trading company is focused on cooperation with active traders, regardless of their level of professionalism. The broker's values are transparency, reliability, honesty, and innovation. The use of ground-breaking technologies allows them to offer traders not only a high degree of protection but also up-to-the-minute tools for market analysis and more accurate forecasts. In CMTrading, you can trade currency pairs, cryptocurrencies, indices, and CFDs. The broker offers the MetaTrader 4 and Sirix platforms for work. Both platforms are available for PCs and smartphones.
A few figures about the broker CMTrading that will be of interest to traders:
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1 million clients worldwide trade with CMTrading.
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250 EUR/USD represents the minimum deposit amount.
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0.9 pips are the minimum spread size.
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For more than eight years, the broker has been providing financial services in the international market.
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there are four main types of trading accounts for clients with different needs.
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1:200 is the unified leverage for all types of accounts.
CM Trading is the optimal broker for active trading
The broker offers traders several types of accounts, each of which has its own unique characteristics. Also in CMTrading, you can open an ECN account or an Islamic account, the trading conditions of which fully comply with the Sharia requirements.
All account types are available in the demo version, so the client can pre-test them without financial risks. Trading instruments are the same for all accounts, the size of the spread varies depending on the asset the trader uses and the type of account. The spread indicators on ECN accounts are significantly lower than on standard accounts.
CMTrading allows working from almost anywhere in the world as long as you have a smartphone and an internet connection. Trading platforms are presented both in a full-fledged version and in the form of applications. They are also available in the web version: all you need to do is open a browser and trade from it, without the need to install additional software.
Useful services of CM Trading:
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Technical analysis. This instrument allows you to analyze the market situation using various indicators, including trend lines, support and resistance lines, Bollinger bands, moving averages, etc.
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Daily market reviews. The broker's YouTube channel publishes daily videos with a daily news digest, in which analysts talk about global market events.
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Fundamental analysis. With its help, traders can monitor the economic situation in the market and build a strategy based on economic indicators.
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Economic calendar. Allows you to keep abreast of upcoming events by date, analyze the situation in different markets and make competent predictions.
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Trading signals. The broker provides its client with free trading signals every day.
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Social trading. The service makes it possible to observe the trade of other traders, analyze their decisions and learn from their example without the deep study of fundamental analysis.
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Fibonacci calculator. This tool allows you to identify support and resistance levels on your own, as well as find the most profitable points for entering and exiting the market.
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Guardian Angel or Smart Communication System. Free service for all traders who have a live account with CMTrading. This plugin gives feedback on the trader's trade and transmits signals about the market situation, market trends, and other useful information.
Advantages:
Registration on the site takes no more than a few minutes.
Vast selection of trading accounts, including ECN accounts and an Islamic account.
The broker allows the use of trading advisors.
The CopyKat service copies transactions of successful traders and allows users to receive passive income.
There are free demo accounts for testing trading conditions.
Traders have access to a range of technical and fundamental analysis tools.
The web version of trading platforms and applications for mobile phones allows trading from anywhere in the world, without being tied to a PC.
How to Start Making Profits — Guide for Traders
The first step to making money on trading and trading in CMTrading is opening a trading account.
Account types:
Users who profess Islam can open Islamic accounts with special conditions for fees and swaps. To open an Islamic or ECN account, contact your personal manager.
You can also check the trading conditions in CM Trading on demo (training) accounts, the conditions on which fully correspond to the conditions on real trading accounts.
Bonuses Paid by the Broker
Trading on the CMTrading platform does not imply the accrual of bonuses for trading and non-trading operations. The broker also does not hold contests among traders.
Investment Education Online
Successful trading is possible only if the trader constantly develops and monitors the markets. Therefore, in addition to optimal trading conditions, the broker CMTrading offers traders training materials.
To test the knowledge gained or a new trading strategy, you can use a demo account. It eliminates financial risks and is used by traders to gain experience. Profit is accrued exclusively for work on real trading accounts.
Security (Protection for Investors)
The CMTrading broker is regulated by two bodies: the Seychelles Financial Services Authority FSA (license: SD070) and the South African Financial Sector Conduct Authority (FSCA).
The broker uses segregated accounts at Barclays Bank PLC and Nedbank to store clients’ funds. Thus, the broker does not have access to traders' money, and the funds can only be used for trading. Data protection is guaranteed by an SSL certificate of encryption and the use of firewalls at the hardware and software levels.
👍 Advantages
- Clients’ funds are reliably protected and are used exclusively for trading on the CMTrading platform
- CMTrading is regulated by two bodies: FSA and FSCA
- Data centers are SSL certified to ensure the safe operation of traders and the protection of their confidential information
👎 Disadvantages
- This broker doesn’t cooperate with compensation funds
Withdrawal Options and Fees
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Account replenishment and withdrawal request are made in your personal account. To do this, a trader needs to go to the Deposit or Withdrawal section, select an account and the desired payment system, and indicate the amount when withdrawing funds. The withdrawal request will then be sent to the broker's finance department.
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To deposit or withdraw funds, the broker offers the following methods: credit or debit card, bank transfer, Neteller, M-Pesa, and Online Naira.
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The finance department processes the withdrawal request within 24 hours. There is no information on the speed at which funds are credited to the client's personal account or a trading account on the broker's website.
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You can deposit or withdraw the earned money in two currencies only: EUR and USD.
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Transactions are only possible after the trader verifies his account. To do this, the broker requests a list of documents confirming the user's identity.
Customer Support Service
If a trader has problems during trading, transactions, or registration, CMTrading offers assistance, but you just need to contact the support staff and describe your problem.
👍 Advantages
- The support service works 24/7
- The broker offers several ways to communicate with traders
- The support service is multilingual
👎 Disadvantages
- The response rate from support specialists could be faster
- No callback function
To contact CMTrading’s support team, use one of the following methods:
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an email to the apropos department;
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call to international the phone numbers that are indicated on the website;
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send a fax message;
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send a message to the chat on the broker's website.
You don't need to have an open account with the company to get help. The broker is also represented on social networks and messengers, including Facebook, Twitter, Instagram, LinkedIn, YouTube, and WhatsApp.
Contacts
Foundation date | |
Registration address | South Africa, Johannesburg 2196, Sandton, Corner Rivonia Road, and 5th Street. |
Regulation |
FSCA Licence number: 38782 |
Official site | cmtrading.com |
Contacts |
Email:
support@cmtrading.com,
Phone: +44 203 318 2176, +27 10 500 80 26 |
Review of the Personal Cabinet of CM Trading
Opening a trading account with CMTrading does not take much time and takes place in three simple steps:
Open the broker's official website. There are two buttons in the upper right corner: "LOGIN" and "REGISTER".
Fill out the form with personal data. Enter your first name, last name, date of birth, email, password, and country of residence. Also select the type of account, either for personal use or corporate use.
After filling out a short questionnaire, you will be taken to your personal account, where you can already expand your personal information and go through the mandatory procedures. Then you will have to replenish your deposit and verify your account before starting to trade.
The following functions are available to the trader in the personal account:
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
User Reviews of CMTrading i
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Find out how CMTrading stacks up against other brokers.
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FAQs
Do reviews by traders influence the CMTrading rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about CMTrading you need to go to the broker's profile.
How to leave a review about CMTrading on the Traders Union website?
To leave a review about CMTrading, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about CMTrading on a non-Traders Union client?
Anyone can leave feedback about CMTrading on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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