Overview of CM Trading
CM Trading is a broker that offers a diverse range of market instruments, including forex, CFDs, commodities, indices, stocks, and cryptocurrencies. They provide various account types catering to different trader requirements, including Islamic accounts. With leverage of up to 400:1, traders can amplify potential profits, although it comes with increased risk. The spreads and commissions vary depending on the account type. CM Trading offers the popular MetaTrader 4 platform, as well as their own CM Trading Webtrader platform. They provide multiple deposit and withdrawal methods, prioritizing the safety and security of client funds. Customer support is available through phone, email, and social media channels, and they have offices in different locations for local support. However, traders should conduct thorough research and due diligence to verify the broker's legitimacy and regulatory claims before engaging in any transactions.
Is CM Trading legit or a scam？
The South AfricaFSCA regulation claimed by this broker with license number 38782 is suspected to be a clone. This raises concerns about the legitimacy and credibility of the broker. It is crucial for traders to be aware of the risks associated with dealing with unregulated or potentially fraudulent entities. This can expose traders to various risks, including potential loss of funds and lack of investor protection. It is strongly advised to exercise caution and thoroughly research the legitimacy of the regulatory claims made by brokers before engaging in any transactions.
The Seychelles FSA regulation with license number SD070 is an offshore regulation. While not all offshore regulations are inherently fraudulent, it is important to be aware of the associated risks. Offshore jurisdictions often have less stringent regulatory requirements compared to well-established jurisdictions. This can result in lower investor protection, fewer safeguards for client funds, and potentially less transparent practices. Traders should carefully evaluate the reputation and credibility of brokers operating under offshore regulations before deciding to trade with them.
Pros and Cons
CM Trading offers a diverse range of market instruments, multiple account types, and high leverage for amplified profits. Traders can explore various financial markets, diversify their portfolios, and potentially capitalize on market movements. The availability of Islamic accounts caters to traders who follow Sharia law, ensuring they can engage in trading activities that align with their religious beliefs. The user-friendly MetaTrader 4 platform and mobile apps provide convenient and efficient trading experiences. Traders have access to various deposit methods with no fees, flexible withdrawal options, and localized support through local offices. These features enhance the trading experience and offer flexibility and convenience to traders.
There are concerns regarding the offshore regulatory jurisdiction associated with CM Trading. Offshore regulations may offer lower investor protection and fewer safeguards for client funds compared to well-established regulatory authorities. Additionally, CM Trading's FSCA regulation claim is suspected to be a clone, raising doubts about the legitimacy and credibility of the broker. Lack of specific spread details and potential withdrawal processing time can also be considered as drawbacks. Traders should exercise caution and conduct thorough research before engaging in transactions with CM Trading to mitigate these risks.
Market Instruments
CM Trading provides a diverse range of market instruments for online trading, catering to the needs of traders. With forex trading, traders can participate in currency trading, taking advantage of exchange rate fluctuations to profit from the movements in major currency pairs. CFD trading allows traders to speculate on the price movements of various financial instruments, including commodities such as gold and oil, indices like the S&P 500, and stocks of globally listed companies. Moreover, CM Trading offers the opportunity to trade cryptocurrencies, allowing traders to benefit from the volatility and potential growth in the digital currency market. With their online trading platform, CM Trading empowers traders to access and engage in these market instruments conveniently and efficiently, offering a comprehensive suite of options for diverse trading strategies.
Account Types
CM Trading offers four unique account types designed to cater to the specific requirements of traders, whether they are beginners or professional traders looking to refine their strategies. The Bronze Account is suitable for those starting with an investment amount of $100 to $250. It provides features such as a welcome bonus, demo account, regular spreads, daily market reviews, trading e-books, and video education packages tailored for beginners. Traders also benefit from sessions with market analysts, live webinars with senior trading strategists, social trading, and market analysis by Trading Central, among other perks.
The Silver Account is ideal for traders with an investment amount ranging from $251 to $5,000. It offers all the features of the Bronze Account and additional benefits such as online video lessons introducing trading, one risk-free trade, and access to a trading room. The Gold Account is suitable for traders with investments between $5,001 and $50,000. In addition to the features offered in the previous accounts, the Gold Account provides advanced trading course video lessons, three risk-free trades, and a dedicated market analyst. For traders with an investment amount of $50,000 or more, the Premium Account offers all the features of the Gold Account along with expert trader course video lessons and the opportunity to benefit from three risk-free trades.
CM Trading also caters to traders who follow the principles of Islamic finance by offering Islamic Accounts. These accounts provide swap-free trading, adhering to the rules of Sharia law. Traders with Islamic Accounts can enjoy the same privileges and superior trading conditions as offered by other account types.
How to Open an Account？
To open an account with CM Trading, you can follow these steps:
Visit the CM Trading website at https://www.cmtrading.com/.
Click on the “Start Trading” or similar button.
3. Select your preferred account type from the available options, such as Bronze, Silver, Gold, or Premium.Fill in the required information on the account registration page.
4. Agree to the terms and conditions.
5. Complete the verification process and fund your trading account.
Leverage
CM Trading offers a maximum leverage of up to 400：1, which provides traders with a significant amount of trading power compared to the amount they have deposited in their trading accounts. With this level of leverage, traders can open positions that are much larger than their initial investment. For example, if a trader deposits $1,000 USD as margin, they would be able to buy or sell up to $400,000 worth of currencies in the forex market.
The advantage of such high leverage is that it allows traders to amplify their potential profits. When the market fluctuates in their favor, even small price movements can result in substantial gains. However, it's important to note that leverage is a double-edged sword. While it can increase profits, it can also amplify losses. Traders must exercise caution and have a solid risk management strategy in place to protect themselves from excessive losses.
Spreads & Commissions
The spreads and commissions vary depending on the account type chosen at CM Trading. Here is a breakdown of the spreads and commissions for each account type:
Bronze Account: The spreads for the Bronze Account are described as “Regular,” indicating standard spreads without specific details provided. The account offers various features such as a welcome bonus, demo account, daily market reviews, trading e-books, beginners video education package, risk-free trades, sessions with market analysts, live webinars with senior trading strategists, social trading, live trading signals by Trading Central, market analysis by Trading Central, cash back rebate, ECN account, customized account, access to the trading room, and special offers.
Silver Account: Similar to the Bronze Account, the spreads for the Silver Account are also described as “Regular.” In addition to the features offered in the Bronze Account, the Silver Account includes online video lessons introducing trading, one risk-free trade, and access to the trading room.
Gold Account: The spreads for the Gold Account are mentioned as “€/$- as low as 1.9,” indicating tighter spreads starting from 1.9 pips for major currency pairs such as EUR/USD or USD/JPY. Apart from the features offered in the Silver Account, the Gold Account provides online video lessons covering advanced trading courses, three risk-free trades, and a dedicated market analyst.
Premium Account: The Premium Account offers spreads “€/$- as low as 1.9,” similar to the Gold Account. In addition to the features offered in the Gold Account, the Premium Account includes online video lessons for expert trader courses.
Trading Platform
CM Trading offers a range of cutting-edge trading platforms designed to enhance the trading experience and help traders achieve their goals. One of their featured platforms is MetaTrader 4 (MT4), which is widely regarded as one of the most popular and robust trading platforms in the industry. MT4 provides traders with a fully automated and customizable trading environment, allowing them to execute trades efficiently and effectively. With its user-friendly interface and powerful features, traders can analyze market trends, access real-time data, use technical indicators, and implement various trading strategies.
Additionally, CM Trading offers MT4 apps for both web and mobile, ensuring that traders can trade on the go without the need for downloading or installing any software.
In addition to MT4, CM Trading provides their own proprietary trading platform called CM Trading Webtrader. This platform offers traders the convenience of executing trades directly from their web browser without the need for any software installation. CM Trading Webtrader is designed to be user-friendly and intuitive, making it accessible for traders of all levels of experience. With this platform, traders can monitor the markets, place trades, and access a range of trading tools and features that enable them to make informed decisions.
Deposit & Withdrawal
CM Trading offers a variety of deposit methods to provide traders with flexibility and convenience. Traders in South Africa can use credit/debit cards, wire transfers, and alternative payment methods to fund their accounts. Accepted card types include MasterCard, Visa, Diners Card, and Discover, with no fees charged for deposits. The minimum deposit amount is $20, and deposits are processed instantly. It is worth noting that deposit and withdrawal methods may vary from country to country, so traders should refer to the specific options available to them.
CM Trading ensures that traders have easy access to their funds with flexible withdrawal methods. The broker offers bank cards, e-wallets, and wire transfers for withdrawals, with easy procedures in place. All deposits and withdrawals are processed with zero hidden fees. CM Trading accepts various currencies, including USD, EUR, GBP, and ZAR. Withdrawals are typically processed within 2-5 business days, depending on the transaction and the recipient's bank. The company prioritizes the safety and security of client funds by keeping them in segregated accounts regulated by top institutions and banks. Traders can rely on CM Trading's dedicated multilingual customer support team to assist them with any questions or concerns regarding their funds.
Customer Support
CM Trading offers a comprehensive customer support system to assist traders with their inquiries and concerns. Traders can contact the support team through various channels, including international phone numbers and email addresses.
For phone support, international numbers are provided for different regions, such as the United Kingdom (+44 161 388 3321), South Africa (+27 10 157 19 89), Nigeria (+234 1 343 8959), and the United Arab Emirates (+971 458 24 888). Traders can reach out to the respective phone numbers depending on their location.
Alternatively, traders can also contact CM Trading's support team through email. Different email addresses are provided for specific areas of support, including general support (support@cmtrading.com), onboarding assistance (onboarding@cmtrading.com), funding-related inquiries (funding@cmtrading.com), and introducing business queries (ib@cmtrading.com). Traders can choose the appropriate email address based on their specific needs.
Connect with CM Trading through their social media platforms including Facebook, Instagram, YouTube, WeChat, LinkedIn, WhatsApp, Telegram, and Twitter for market updates, educational content, and direct support.
CM Trading has offices located in various parts of the world to provide local support. The addresses and contact numbers for these offices are listed on the website. For example, the Johannesburg office is located at 14th Floor Sandton City Office Towers, 158 5th St, Sandton, South Africa, with a contact number of +27 10 157 19 89. Similarly, there are offices in Lagos, Nigeria, and Dubai, UAE, with their respective addresses and contact details provided.
Educational Resources
CM Trading is committed to providing traders with comprehensive educational resources to enhance their trading knowledge and improve their results. One of the resources they offer is a collection of training videos. These videos cover a wide range of topics, including market assets, trading techniques, and various strategies. Traders can access these videos to learn at their own pace and gain valuable insights that can help them become professional traders. The training videos serve as a valuable educational tool, particularly for those who prefer visual learning and want to understand the intricacies of the financial markets.
In addition to training videos, CM Trading provides online webinars conducted by their trading experts. These webinars cover all aspects of the financial markets, allowing traders to deepen their understanding of trading concepts and strategies. The webinars offer an interactive learning experience where traders can ask questions and engage with the experts in real-time. Whether traders are beginners or experienced, the webinars provide valuable insights and guidance to help traders achieve their trading goals. By participating in these webinars, traders can stay updated with market trends and learn from experienced professionals, thus enhancing their trading skills and decision-making abilities.
Conclusion
CM Trading is a broker that offers a diverse range of market instruments, including forex, CFDs, commodities, indices, stocks, and cryptocurrencies. They provide different account types tailored to the needs of traders, including Islamic accounts. With leverage of up to 400:1, traders can access a significant amount of trading power. The spreads and commissions vary based on the chosen account type. CM Trading offers the popular MetaTrader 4 platform and their own CM Trading Webtrader platform for convenient and efficient trading. They provide various deposit and withdrawal methods with a focus on the safety and security of client funds. Customer support is available through multiple channels, including phone and email, and they have offices in different locations for local support. However, it is important to thoroughly research the legitimacy and regulatory claims of any broker before engaging in transactions.
Frequent asked questions
Is this broker well regulated？
Yes, it is currently effectively regulated by FSA.
How much leverage does this broker offer？
The maximum leverage of CM Trading is 1:200. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.
2024-07-23 17:22
2023-12-06 10:19
