CM Trading Review

Review sections

• Investor Protection & Regulations
• Tradable Products
• Account Opening
• Deposit & Withdrawals options
• Web & Desktop Trading Platforms
• Mobile Trading Platforms
• Trading Features
• Commissions & Spreads
• Bonus & Promotions
• Customer Support
• Research
• Trader Education
• Trading Experience
• FAQ
• Conclusion

CM Trading Video Review

Investor Protection & Regulations

“CM Trading is a brand name of Global Capital Markets Trading South Africa Proprietary Limited which is a juristic representative and agent of Blackstone Marketing Proprietary Limited which is authorised and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa.”

CM Trading is a brand name of Global Capital Markets Trading (GCMT) South Africa Proprietary Limited which is a juristic representative and agent of Blackstone Marketing Proprietary Limited which is authorised and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, as confirmed on the FSCA register below:

GCMT South Africa Ltd is an authorised representative of the above entity as confirmed on the FSCA register as well:

All client funds are held in segregated accounts and client connections are secured with Secure Socket Layers (SSL).

The broker does not accept clients from the USA, the European Union and Iran.

Tradable Products

“CM Trading offers users the ability to trade on more than 200+ financial CFD instruments covering Forex, Indices, Commodities, Equities and Crypto.”

CM Trading offers users the ability to trade on more than 200+ financial CFD instruments covering Forex, Indices, Commodities, Equities and Crypto. Below is a list of just some of the available markets for trading:

* Details regarding the available assets are taken from the CM Trading website and trading platform and are correct at the time of this review.

Trading costs such as spreads, commissions and overnight funding (swap) rates vary depending on the instrument being traded and account type opened and are covered further down this review.

Account Opening

“CM Trading offers four different account types called Bronze, Silver, Gold and Premium. ECN accounts, Islamic swap-free accounts and free demo trading accounts are also available.”

Across the four different account types offered, there are different minimum deposits for each one, as well as different features and benefits. Generally speaking, higher funded accounts offer more features. These are all clearly listed on the broker’s website, as shown below:

ECN trading accounts are also available on the Gold and Premium account. However, these accounts are commission-based. The broker also provides access to Islamic swap-free accounts (for non-ECN account types only), as well as a free demo trading account.

Opening an account is a simple process. After clicking the Open Account button on the homepage users are asked for name, email and telephone number. Users are then logged into the My Account page where clients can download trading platforms, make deposits and withdrawals, verify accounts and other settings.

The Account Verification process involves a short questionnaire on a client’s financial background and trading experience. Clients are then asked to provide Proof of Identity and Proof of Residence documents for standard AML and KYC practices. This can all be done once logged into the My Account area but documents may take up to 24 hours to verify.

Deposit & Withdrawals options

“CM Trading offers a variety of deposit and withdrawal methods which include credit and debit cards, bank wire transfer, Neteller, M-pesa and OnlineNaira among others with varying fees.”

CM Trading offers a variety of deposit and withdrawal methods which include credit and debit cards, bank wire transfer, Neteller, M-pesa and OnlineNaira among others. Fees vary depending on the method and are found in the broker’s Customer Agreement PDF.

For all deposits via bank wire CM Trading will charge the going market rate plus 2%. For all withdrawals via bank wire, it is the market rate less 2%.

For all deposits via cryptocurrency CM Trading will charge the going market rate plus 3%. For all withdrawals via cryptocurrency, it is the market rate less 4%.

According to the broker’s statement, they reserve the right – in some cases – to pay out withdrawals at the same exchange rate the funds were deposited (minus the 2% charge).

Web & Desktop Trading Platforms

“CM Trading offers users the ability to trade on the globally recognised MetaTrader 4 trading platform, as well as the Sirix Web Trader platform.”

CM Trading offers two different trading platforms suitable for both beginner and advanced traders to trade on multiple asset classes for desktop and web.

CM Trading MetaTrader 4 Desktop

The CM Trading MetaTrader 4 trading platform is available for desktop download and offers features such as:

• One-click trading
• Quotes in real-time
• Technical indicators and tools
• Limit orders
• Graphs and charts for different time frames

CM Trading Sirix Web Platform

The CM Trading Sirix Web Platform is available for online web browsers and offers features such as:

• 24/7 availability
• Real-time online trading tips
• Secure and simple to use interface
• Multiple account management
• No software download required

A screenshot of the CM Trading Sirix web platform is shown below and the platform is covered in more detail in the video review.

Mobile Trading Platforms

“CM Trading offers users the ability to access mobile trading on the go from the MetaTrader 4 mobile trading app and the CM Trading Sirix mobile trading app for Android and iOS systems.”

CM Trading offers users the ability to access mobile trading on the go from the MetaTrader 4 mobile trading app and the CM Trading Sirix mobile trading app for both Android and iOS systems. The app download links can be found on the broker’s website, in the My Account area or in the Google PlayStore or Apple AppStore.

The MetaTrader 4 mobile trading app offers the same trading functionality and features – such as real-time technical analysis tools – as the desktop version does.

The CM Trading Sirix mobile trading app offers the same functionality and features as the web version, such as instant account access, real-time market data, advanced charting tools and more. The CM Trading Sirix mobile trading app is covered in more detail in the video review.

Trading Features

“CM Trading offers a social trading feature called CopyKat Trading which allows users to watch, learn and then copy strategies from other traders from the Sirix CopyKat community.”

Through the CM Trading Sirix web platform users can access the CM Trading Sirix CopyKat feature. This allows users to follow other traders’ trades and copy them. This can also be set up to copy trades automatically as well.

The CM Trading Sirix CopyKay feature can be accessed through the web platform and users can search the Top Ranked, Most Copied and Most Profitable, as shown below:

Commissions & Spreads

“Trading costs with CM Trading’s Bronze, Silver, Gold and Premium Account are commission-free with just spreads and swaps payable. ECN Accounts are commission-based with spreads and swaps still payable.”

Trading costs with CM Trading’s Bronze, Silver, Gold and Premium Account are commission-free with just spreads and swaps payable. More details on the spreads and swaps on these accounts can be found below.

ECN Accounts are commission-based with spreads and swaps still payable. On these accounts, spreads can be as low as 0.1 pips on EUR/USD with commission of $5 or $7 per left according to account class.

CM Trading Forex

CM Trading Indices

If a client’s account is inactive for a period of 90 calendar days, the accounts will be subject to a monthly charge of $15 depending on the account currency.

Bonus & Promotions

“CM Trading offers a Promotions page with varying bonuses offered such as the 100% bonus.’’

Through the broker’s Promotions page, users can access different bonus and promotional offers. While these can change over time, at the time of writing the broker is offering an up to 100% bonus subject to terms and conditions.

Customer Support

“CM Trading offers customer support via Live Chat, Email, Telephone, WhatsApp and a Web Contact Form from Monday to Friday 9:00 to 21:00 (GMT+3).”

CM Trading offers customer support via Live Chat, Email, Telephone, WhatsApp and a Web Contact Form from Monday to Friday 9:00 to 21:00 (GMT+3). After logging into the Live Chat function we were greeted by an agent in a few minutes who provided a quick answer, as shown below:

Contact Information:

• Address: 14th Floor, Sandton City Office Tower 9, Corner Rivonia Road and 5th Street, Sandton, Johannesburg 2196, South Africa
• Email: support@cmtrading.com
• Phone: +27 10 500 80 26
• Social Media:
  • https://www.facebook.com/CapitalMarketsTrading
  • https://twitter.com/CMTrading_FX
  • YouTube

Research

“CM Trading provides a variety of trader research tools and includes Webinars, Daily Forex News Videos and Commentary, Market Analysis and Economic Calendar and Signals.’’

CM Trading provides a variety of trader research tools and includes Webinars, Daily Forex News Videos and Commentary, Market Analysis and Economic Calendar and Signals. The daily market commentary videos are found on the broker’s website as well their YouTube channel.

Webinars are run by the broker’s in-house Senior Trading Specialist and cover a variety of different trading topics. The calendar of webinars can be found on the broker’s website, as shown below:

Trader Education

“CM Trading provides access to educational resources via Training Videos and eBooks which both cover a variety of different topics.’’

CM Trading provides access to educational resources via Training Videos and eBooks which both cover a variety of different topics. The eBooks offered are Forex Market: A Beginner’s Guide to the Markets, Basics of Trading, Advanced Forex Trading Strategies and Forex Trading: A Revolution to Home-Based Online Business.

Training video tutorials cover mainly stock market information, as shown below:

Trading Experience

“CM Trading provides a simple trading offering to trade on more than 200+ financial CFD instruments across four account types and two different trading platforms, MetaTrader 4 and Sirix Web Trader for desktop, web and mobile devices.”

From our observations, CM Trading provides a simple trading offering to trade on more than 200+ financial CFD instruments covering Forex, Indices, Commodities, Equities and Crypto. Users can choose from four commission-free trading accounts with just spreads and swaps payable or an ECN account which is commission-based with spreads and swaps payable.

The broker offers users the ability to trade on the globally-recognised MetaTrader 4 trading platform as well as the quick and simple to use CM Trading Sirix Web Trader platform. Both platforms are simple to access and easy to use. There are educational resources and trading research available for beginner and advanced traders.

All types of traders may also enjoy the CM Trading Sirix CopyKat social trading feature where clients can copy trades automatically from other traders.

FAQ

Is CM Trading regulated?

Yes, via an Authorised Representative status GCMT South Africa (PTY) Ltd has from Blackstone Marketing (PTY) Ltd which is authorised and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa.

Where is CM Trading based?

CM Trading is based at 14th Floor, Sandton City Office Tower 9, Corner Rivonia Road and 5th Street, Sandton, Johannesburg 2196, South Africa.

How does CM Trading make money?

CM Trading makes money mainly through spreads, swaps and commissions on certain trading accounts and instruments.

How do I deposit in CM Trading account?

Funds can be deposited into a trading account via credit and debit cards, bank wire transfer, Neteller, M-pesa and OnlineNaira among others.

What is the min. deposit for CM Trading?

The minimum deposit is 250 USD.

How do I withdraw money from CM Trading?

Withdrawals can be made from CM Trading via credit and debit cards, bank wire transfer, Neteller, M-pesa and OnlineNaira among others.

What is the max leverage in CM Trading?

The maximum leverage offered by CM Trading is 200:1.

How do I open an account with CM Trading?

An account can be opened at the click of a button on the CM Trading website and can be done in just a few steps.

Does CM Trading use MetaTrader?

Yes, MetaTrader 4.

Conclusion

“CM Trading offers the ability to trade on more than 200+ financial CFD instruments covering Forex, Indices, Equities, Crypto and Commodities via the MetaTrader 4 platform and Sirix web trader and mobile trading app with a variety of trader research and education tools, including the CM Trading Sirix CopyKat social trading community.”

CM Trading is a sponsor of Africa’s largest MMA platform called The Extreme Fighting Championship (EFC). The broker’s name is a brand of Global Capital Markets Trading South Africa Proprietary Limited which is a juristic representative and agent of Blackstone Marketing Proprietary Limited which is authorised and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa.

The broker offers the ability to trade on more than 200+ financial CFD instruments covering Forex, Indices, Equities, Crypto and Commodities via the globally recognised MetaTrader 4 trading platform for desktop and mobile, as well as the feature-rich Sirix trading platform for web and mobile which provides access to the Sirix CopyKat social trading community.

Users can trade commission-free from four account types called Bronze, Silver, Gold and Premium with just spreads and swaps payable. ECN accounts are also available but are commission-based along with spreads and swaps. The broker also offers Islamic swap-free accounts as well as a free demo trading account.

Customer service is offered via Live Chat, Email, Telephone, WhatsApp and a Web Contact Form from Monday to Friday 9:00 to 21:00 (GMT+3). Users can also access a wide variety of trading tools such as Webinars, an Economic Calendar, Daily Forex News, eBooks, Technical Analysis videos and more.

• 200+ financial CFD instruments to trade on.
• Commission-free trading accounts available.
• Social trading community via CM Trading Sirix CopyKat.
• MetaTrader 4 available, as well as Sirix Web Trader.