CM Trading broker review
While forex trading is known for its inherent risks and downsides, CM Trading is an award-winning broker with increased transparency and profitability records.
Since it’s launch back in 2012, CM Trading has proceeded to become one of the largest forex brokers in South Africa. Initial testing has shown that CM Trading’s offering of trading platforms and vast range of tradable assets is both favorable and competitive with unique benefits to clients regardless of trading volume and skill level.
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Where CM Trading shines
- Daily fundamental and technical analysis
- One-on-one coaching and exceptional customer support in multiple languages
- Swift withdrawal process with low fees
- Shariah-compliant Islamic accounts with no-interest and no-commissions
- Constantly expanding offering with hundreds of tradable assets including crypto and cannabis stocks
- Regular contests and promotions
- MetaTrader 4
- Sirix Web Trader
MetaTrader 4 (MT4) is the most popular forex trading platform and a staple in almost every forex broker’s offering. It boasts advanced charting capabilities with hundreds of built-in indicators and tools to help you identify market opportunities.
Besides using the MT4, clients can access their CM Trading account through the Sirix Web Trader which works on any internet browser without requiring installation of any additional software.
Also, if you are interested in social trading or copytrading, you can utilize the broker’s CopyKat platform, through which, you can connect with highly experienced traders and copy their trades or invest in their accounts and passively generate income every time they make a winning trade.
CM Trading’s offering of financial instruments consists of the top-performing currencies, stocks and commodities such as gold and oil and clients will find that the trading costs are more than reasonable compared to the competition.
Considering the fact that the broker keeps expanding its selection in order to include the latest and most popular tradable assets, CM Trading clients are truly spoiled for choice.
All account types at CM Trading offer 1:200 leverage, access to free educational webinars and superb trading conditions.
- Bronze ($250 -$99)
- Silver ($1000 – $9,999)
- Gold ($10,000 – $49,999)
- Premium ($50,000)
Each account provides its own unique features and benefits and while the higher tiers enjoy more competitive spreads, the Bronze and Silver accounts are quite satisfactory for both beginner and experienced traders.
On the other hand, Gold and Premium account holders can open an ECN account that offers direct access to the deep liquidity through top-tier Banks and Prime of Prime Brokers. ECN accounts are highly sought after by experienced high-frequency traders as they enjoy record-breaking execution speed, larger position limits and the tightest spreads (as low as 0.1 pips on EUR/USD).
Demo accounts are also available at CM Trading so you can try out the company’s platform with a virtual$50,000 balance completely risk-free.
CM Trading was founded around 2012 in Johannesburg, South Africa and in the past few years it has witnessed accelerated growth,becoming one of the largest forex brokers in the country.
As testament to its continued excellence in the region, the broker received multiple awards including Best Broker Africa and Best Performing Africa 2019 -the latter being awarded to CM Trading for three years in a row.
The broker has thousands of satisfied clients in South Africa and abroad who seem quite happy with the services provided and have praised the broker in their reviews regarding the usability of the trading platforms and order execution of their trades.
We haven’t heard any complains regarding requotes or negative slippage either or at least anything too dramatic and therefore we can say that CM Trading would be a great choice for traders and investors in any stage of their forex trading journey.
Regulation & security
CM Trading is a regulated forex broker with a license to offer services in derivatives by the Financial Services Conduct Authority (FSCA) in South Africa. Since the broker needs to remain compliant with the regulator’s directives in order to keep the license, we can guarantee that CM Trading is a trustworthy broker that offers a fair and secure trading experience.
CM Trading’s educational section is a great way for newbie traders to receive meaningful tips and insights and learn how the market works before they even make their first deposit.
The broker also provides free daily market analysis and forex signals which clients can employ in their intraday trading strategies.
CM Trading also offers live weekly webinars on key subjects such as the basics of the forex market, fundamental analysis and technical indicators and much more.
For the clients who are after a more hand’s on learning experience, CM Trading can assign them with a personal coach who can help them navigate the trading platforms offered as well as how to execute trades and manage risk. This is a great benefit for beginner traders and highly recommended for all investors.
CM Trading offers clients prompt and comprehensive customer support through its international support centers around the globe. Customer support can be reached via live chat, email or phone 24/5 during weekdays.
Clients are quite happy with the effectiveness of CM Trading’s support team and mostimportantly because they can get support in their language. CM Trading’s support centers around the world speak more than 7 languages including Spanish, Chinese and Arabic.
Here’s what clients have to say about their experience with CM Trading:
My first foray into forex has been a great success thanks to CM Trading’s support!
I’ve been trading with CM Trading and I am very glad I found this broker. I can trade anything I want, and the prices are great!
I switched to CM Trading just recently and I can already tell that order execution is much faster and I am getting better results than I expected. I wholeheartedlyendorsethis broker!