CM Trading Forex Broker Review by www forexcharts.net

The broker has two parent companies – Global Capital Markets Trading and Blackstone Marketing SA Ltd. CMTrading is registered with the official regulatory authority of South Africa – the South African Financial Authority . The recognition from the regulatory bodies is always an indicator that the broker is reliable, trustworthy, and transparent. Automatic copying also means that followers can benefit from the setup without having to sit at their computers at all.

One of the first things that struck us when we looked at the website was the fact there was a whole page dedicated to licensing and regulation. A number of other top Forex brokers choose to give this vital information a secondary spot at the bottom of the main page, which kind of makes you think it’s not considered to be very important. CM Trading is the brand name of Global Capital Markets Trading Ltd, which is a company that has its base in the Seychelles.

To learn more about how we test and recommend brokers, read our methodology. CM Trading is one of the largest brokers operating out of South Africa. Although the broker has developed a great Forex brokerage, there are still some features that requires subtle improvements to convert CM Trading into a world-class Forex broker. The country is also well-known for its comparatively wealthier population in the African continent that is looking to invest in attractive investment opportunities. Therefore, South Africa has been attracting substantial investments from both local and global financial companies, leading to a spike in interest among Forex brokers. Traders can request withdrawals from their back office in an easy-to-use process.

CMTrading Regulation & Global Presence

This feature helps to increase the trading knowledge and is an excellent opportunity for novice traders in addition to the automatic Forex signals. Overall trading experince not good because i lost money as a nrew trader uding copy kat as i copied open trades and when the copied leader closed their trade i started losing money and i was away . We always strive to offer our clients the best service and support, and we are delighted to hear that we exceeded your expectations.

It’s worth mentioning that the FSCA is an average regulator when it comes to the strictness of policies and the FSA has low licensing requirements compared to other regulatory bodies. The mobile app allows you to place an order, take profits or close the trade without the need of sitting in front of the computer. You can get the CM Trading mobile app from Google Play, and App Store or download the app directly from the company’s webpage. MetaTrader 4 is the world’s leading platform for trading currencies.

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. 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. I have tried to start trading with CMTrading again but when I remember Eddy Banks, I feel very discouraged.

CM Trading’s Trading Assets

The Executive cm trading review requires an investment of around $5,000 to $24,999, while the Gold account is more expensive with a minimum deposit requirement of $25,000. In addition to the main approach all around the African continent, the company offers a wide variety of advanced trading solutions to the international, global clients. From new traders to more experienced ones , CMTrading provides state of the art trading platforms as well as supreme liquidity. Investment with confidence in a highly safe and regulated environment enables traders to trade Forex, Index and Commodities, including Cryptocurrencies through the seamless, technology-driven process. Investors who want risk free trades and a CMT debit card for easier withdrawals, can open a standard account with a minimum of $1,000. The new minimum deposit required for a trading account is now only $100, register here.

Please be noted that all information provided by ThatSucks.com are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person. Although in the past this broker charged an inactivity fee, during our latest visit we did not manage to locate such a fee anymore. Deposit and withdrawal fees can get a bit confusing and we advise that you ask for further clarification from CM Trading .

Trading interfaces come out of the box for inexperienced traders and facilitate customisation for more experienced professionals. CM Trading offers safe, easy, and secure options to deposit or withdraw funds from live trading accounts. Investors must take note that accessibility to deposit and withdrawal methods may differ by country and third-party fees may apply. CM Trading uses the very popular MetaTrader 4 as one of their platforms. It does have to downloaded as a software package, but is nevertheless very easy. The trading platform itself will take a little time to understand, but it’s definitely worth the effort, and many other traders will agree.

Trading Platform/Software

Those who have traded before and switched to using CMTrading would also notice how some of the services provided are above the market standard. Owned by CMT Processing Limited, a financial company located in Limassol, Cyprus. The broker allows clients from all over the world, excluding those from Iran, North Korea, United States, and a few other countries.

• Depending on where you live, your trading will be protected by the Financial Services Conduct Authority of South Africa or the Financial Services Authority of Seychelles.
• Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email.
• CMTrading also features an outstanding selection of trading platforms, good market coverage, as well as handy account types which cater for the needs of all comers.

Those looking for additional sources of inspiration can turn to the MetaTrader platform and the MQL online community. This forum is a place where traders can share market news and strategy ideas. Other fees and commissions also need to be considered, especially overnight financing charges.

The educational material is vast and suitable for traders of all experience levels with topics covered from the very basic to more advanced subjects. They are certainly one of my top brokers when it comes to education, I would put them up there with FXTM in this aspect. I like how the broker has a good choice of trading tools that can be used to improve trading efficiency and generate trade ideas. I think this is another area in which they really excel and standout from some of their competitors. It emphasises the fact that they care about traders and them making informed decisions based on good education and detailed analysis. Of course, if you are already experienced, then you are free to trade as you please.

CMTrading offers daily and weekly market reviews, technical/fundamental analysis, and Forex education through its online platform. The broker also offers trading strategy consultation, detailed webinars, and other unique trading tools for all premium account holders. The broker also provides a free signals service, but it is only available for Executive and Gold accounts, upon request. In addition to the globally recognized MetaTrader 4 trading platform, CMTrading also supports the Sirix Web Trader platform and a social trading platform called CopyKat. The broker provides a wide range of trading tools on its website as well as mobile trading apps for the Sirix and MT4 platforms.

Overall, I am extremely impressed with the trading products and services that CM Trading have. 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 foreign exchange market is the worlds largest decentralised global market where all the world’s currencies are traded. The broker has an impressive 45+ major, minor and exotic currency pairs to forex traders. The broker has a wide variety of free training videos, technical analysis tutorials, webinars and eBooks.

Platforms

The registered address of its headquarters in South Africa is available. The most convenient way to contact a support representative may be via the WhatsApp messenger app or the live chat function, both of which should provide faster response time than typical email inquiries. The FAQ section answers many questions, and most traders may require assistance only during emergencies.

Select the type of document and click on “Browse” to upload your file. Overall, CM Trading’s non-trading fees are high when compared to other brokers. The other main trading cost to consider is the overnight swap fee.

Each of the https://forexhero.info/ has its own Bid/Ask spread, leverage amount, and minimum leverage requirement. CM Trading also provides illustrative examples for its traders to ensure that they are kept up to speed with how to open a position, how to close it, and how to deal with issues of risk management. CM Trading is regulated by the FSB in South Africa and also has its headquarters in Seychelles.