CMTrading vs AvaTrade - Fees Review included
Which broker is better CMTrading or AvaTrade? Our expert assessment conducted according to TU’s own methodology showed that CMTrading is one of the top brokers in the financial market with the TU Overall Score of 4.24 out of 10. AvaTrade is one of the top brokers in the financial market with the TU Overall Score of 7.16 out of 10. Find out more about TU Overall Score.
| Feature | CMTrading | AvaTrade |
|---|---|---|
Overall |
1.9 |
4.6 |
2.1 |
4.7 |
|
1.9 |
4.4 |
|
1.6 |
4.4 |
|
Investment Instruments |
1.3 |
4.2 |
Platforms and Charting Tools |
1.8 |
4.6 |
Deposit and Withdrawal |
2.4 |
4.7 |
Research |
2.3 |
4.4 |
Education |
2.1 |
4.8 |
Support |
2.4 |
4.6 |
Bonuses |
1.4 |
3.9 |
|
|
|
CMTrading vs AvaTrade: Pros and Cons
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 (Financial Sector Conduct Authority of South Africa) and the FCA (Financial Conduct Authority of Seychelles).
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 150 countries. It currently has over 200, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC), the Japanese FSA, and the South African FSCA. AvaTrade holds accreditation by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 250 tools to customers.
| CMTrading | AvaTrade | |
|---|---|---|
| Overall Pros | A vast array of trading accounts, including ECN accounts and an Islamic account. | Highly regulated broker, licenced on the territory of 5 continents |
| The presence of a service for copying transactions, which allows you to receive passive income. | a wide range of trading instruments | |
| Tons of training materials and instruments for market analysis. | Swap-free account | |
| Segregated accounts are used to store clients’ funds and the broker does not have access to them. | Advanced copy trading tools | |
| For trading, you can use built-in advisors or those offered by the MT4 platform. | A lot of educational content | |
| Fast registration procedure on the site. | Low fees | |
| Demo account availability. | Optioins trading | |
| Overall Cons | The minimum deposit amount is 250 EUR or USD, which is not always a top-tier option for beginners. | customer service efficiency and response time |
| Trading accounts can be opened in only two currencies: euros or US dollars. | There is no ECN account | |
| The broker offers a small number of payment systems for deposits and withdrawals. | Market maker(dealing desk) type of broker |
CMTrading vs AvaTrade: Safety and Regulation
| Regulated By: | CMTrading | AvaTrade |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
No |
Yes |
Other Regulators |
FSCA, FCA (Seychelles) |
Central Bank of Ireland (No.C53877), B.V.I Financial Services Commission, South African Financial Sector Conduct Authority (FSCA No.45984), Japan - Financial Services Agency (License No.: 1662), the Financial Futures Association of Japan (License No.: 1574), Abu Dhabi Global Markets (ADGM), Israel Securities Authority (No. 514666577) |
CMTrading vs AvaTrade: Trading Conditions
| Trading Conditions | CMTrading | AvaTrade |
|---|---|---|
Minimum Deposit |
$250 |
$100 |
Trading Platforms |
MetaTrader 4, Sirix, mobile applications for Android and iOS, Web version for trading from a browser |
MT4, MT5, AvaTradeGo, AvaOptions |
Max Leverage (Futures) |
1-200 |
1-400 |
Supported Markets |
Currency pairs, indices, cryptocurrencies, commodities, CFDs |
Currency pairs, Forex Options, CFDs on stocks, cryptocurrencies, indices, metals, commodities |
Trading assets |
150+ |
100+ |
Trading Accounts |
Bronze Account, Silver Account, Gold Account, Premium Account, ECN Accounts, Islamic Account |
Standard, Professional account |
Base Account Currencies |
USD, EUR |
EUR, USD |
CMTrading vs AvaTrade: Fees
Forex Trading Fees
| Fee | CMTrading | AvaTrade |
|---|---|---|
Standard Account EURUSD Average Spread |
1.50 pips |
0.9 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$0 |
Not supported |
ECN Account EUR Average Spread |
0,2 pips |
Not supported |
CFD Trading Fees
| Fee | CMTrading | AvaTrade |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | CMTrading | AvaTrade |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Wire Transfer - 2% on exchange rate only for Nedbank; Debit or credit card/Electronic wallets/Crypto - 0% |
No |
Withdrawal Fee |
Wire Transfer - $20-$50.99 fees $2 $51-$299.99 fees $5 $300+ fees $8; Ozow (Only ZAR), Mpesa (Only KSH) - Conversion Fee 4%; Skrill/Neteller 0%; Debit card - 0% Credit card - 4%, Crypto - 4% |
No |
Inactivity Fee |
No |
$50 per quarter after 3 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
CMTrading vs AvaTrade: Trading Assets
| Asset Name | CMTrading | AvaTrade |
|---|---|---|
Overall |
150+ |
1000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
CMTrading or AvaTrade: Investment Programs
| Asset Name | CMTrading | AvaTrade |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
Yes |
Other |
No |
Bonds |
Trading Platforms: AvaTrade or CMTrading
| CMTrading | AvaTrade | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
AvaTradeGo, AvaOptions |
Others |
SiriX |
No |
|
|
|
CMTrading vs AvaTrade: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | CMTrading | AvaTrade |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes (not for Australian and EU clients) |
Crypto |
Yes |
No |
CMTrading vs AvaTrade: Research
| Research Type | CMTrading | AvaTrade |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
CMTrading vs AvaTrade: Education
| Education Type | CMTrading | AvaTrade |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
No |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
AvaTrade vs CMTrading: Support
| Support Features | CMTrading | AvaTrade |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
CMTrading vs AvaTrade: Forex Bonuses and Promo
| Promo | CMTrading | AvaTrade |
|---|---|---|
Forex Bonus |
No |
The broker offers its customers a one-time bonus upon first deposit (not for all markets) |
Affiliate Program |
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; 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. |
A trader can receive up to 400 US dollars for inviting friends. |
Other Promos |
||
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Top 5 Reviews on AvaTrade
-
Comment
I decided to test the waters with AvaTrade by using their demo account, and I must say, the experience was quite good. It helped me get familiar with the platform and how trading works. Now, I'm considering transitioning to a real account. However, my final verdict hinges on how smooth the deposit and withdrawal processes are. If these aspects meet my expectations, AvaTrade will definitely earn a 5-star rating from me. Otherwise, it might drop to 3 or 4 stars. Nonetheless, I appreciate the overall experience and commend the team for their efforts.
-
Comment
Been using AvaTrade for a few weeks now, and I'm happy with the support they offer. They have a couple different ways to get help, which is convenient. There's an AI-powered chatbot that can answer basic questions, and you can also contact them via WhatsApp. That's pretty cool for quick inquiries. If you have a more complex issue, you can email their customer support team. They got back to me pretty quickly with a helpful answer when I had a question about withdrawal options. However, it would be even better if you could connect directly with a customer service rep through the chatbot. Right now, it just directs you to email if your question is complex. A live chat option would be nice too, for those times when you need help right away. Overall, AvaTrade's customer support is good, with multiple ways to get help. Just wish there was a more direct way to connect with a rep through the chatbot.
-
Comment
I mostly use AvaTrade for long-term stock investing, not day trading. Their fees seem reasonable for that, and they have a good selection of stocks to choose from. Can't speak for the other features like CFDs or options, but for basic stock investing, AvaTrade seems like a decent option. AvaTrade's mobile app is handy for checking on trades on the go, but it could be smoother. Sometimes it takes a while to load charts and info, which can be frustrating. Also, placing trades on the app feels a bit clunky compared to the desktop platform. Would be nice if they updated the app to be more user-friendly.
-
Comment
While trading with AvaTrade, there was one incident. I opened a trade on the USD/CAD currency pair. The trading was going smoothly, and there were no important news releases. Suddenly, there was a sharp market movement that hit my stop-loss. The movement was 29 pips. Later, everything returned to normal, but I incurred a loss. Over the course of a month, I pursued the review of my claim and the cancellation of the losing trade. The company canceled the losing trade, acknowledging such movement as outside of the market. Overall, with AvaTrade, you can fight for and defend your rights.
-
Comment
I requested a withdrawal from Avatrade at the end of the day and received my funds the next afternoon without delay or difficulty. I was pleasantly surprised by the speed of the transaction, especially considering that some companies delay payments for several months. Moreover, I make good profits from my trades on the Avatrade platform, which works flawlessly.
Top 5 Reviews on CMTrading
-
Comment
I think that CMTrading is reliable and has good conditions. The company has been offering brokerage services to access the Forex market for a very long time. CMTrading has created good conditions for both experienced and novice traders. Its trading platform is fast, spreads are low, and support service is professional.
-
Comment
CMTrading draws quotes. I have already noticed several times that suddenly, out of the blue, spikes that destroy my stops appear. I wrote to technical support several times, but the answer was the same - everything is in accordance with the regulations. And CMTrading doesn’t even take responsibility for the fact that no one else has such quotes.
-
Comment
Cmtrading is a scam. When I first started my trading journey, I encountered fake traders who offered me their advice. Initially, they showed income that seemed inexplicably high. I think that this happened due to manipulations with the balance, thereby constantly pushing me to deposit large amounts. Then they gave advice that led to the loss of all capital. Don't deal with Cmtrading.
-
Comment
I am very disappointed with CMTrading. I am trying to get my money back that is stuck with this broker and so far there is no success. CMTrading treats clients as providers of money. At first, my complaint regarding the cancellation of profits on 5 orders was rejected. Now CMTrading does not want to withdraw my deposit and requires me to pass verification, although I passed it three times.
-
Comment
CMTrading looks like a good broker. But this is only when you trade on a demo account. As soon as you switch to a live one, the conditions immediately change significantly. Limit orders do not work during strong market movements. I set a limit order to sell the EUR/USD pair. The price touched my order twice, but it never opened. I think that I need to change CMTrading to another broker.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.