Discover More – Click Here Now!
CM Trading is a well-established online trading broker that has been serving clients since 2012. It offers a range of financial instruments and services tailored for both novice and experienced traders. This review provides an in-depth look at CM Trading’s features, regulatory compliance, trading platforms, account types, and more, ensuring easy readability for beginner traders.
CM Trading Key Features
- Diverse Trading Instruments: Access to various markets, including forex, commodities, indices, and cryptocurrencies.
- Multiple Account Types: Offers several account options to cater to different trading needs and experience levels.
- User-Friendly Platforms: Supports popular trading platforms like MetaTrader 4 (MT4) and Sirix WebTrader.
- Educational Resources: Provides training videos, webinars, and eBooks to enhance traders’ knowledge.
- Customer Support: Offers assistance via live chat, email, and phone in multiple languages.
CM Trading Regulatory Status & Licenses
CM Trading operates under the regulation of reputable financial authorities, ensuring a secure trading environment for its clients. The broker adheres to strict regulatory standards, including the segregation of client funds and regular audits.
Below is a table summarizing CM Trading’s regulatory information:
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| FSCA | 38782 | Yes | No | South Africa |
| FSA | SD070 | Yes | No | Seychelles |
CMTrading Trading Instruments
CM Trading offers a wide range of trading instruments, allowing clients to diversify their portfolios across various asset classes. These instruments come with competitive leverage options and spreads.
The table below provides details on the available trading instruments:
| Asset Class | Number of Assets | Leverage | Spreads (Typical) |
|---|---|---|---|
| Forex | 50 | Up to 1:200 | From 1.5 pips |
| Commodities | 15 | Up to 1:100 | Variable |
| Indices | 17 | Up to 1:50 | Variable |
| Cryptocurrencies | 23 | Up to 1:5 | Variable |
| Stock CFDs | 95 | Up to 1:20 | Variable |
CM Trading Trading Platforms
CM Trading supports robust and user-friendly trading platforms that cater to various trading styles and preferences. These platforms are equipped with advanced tools and features to enhance the trading experience.
The table below outlines the available trading platforms:
| Platform | Availability | Features |
|---|---|---|
| MetaTrader 4 | Desktop, Mobile | Advanced charting tools, automated trading, customizable interface |
| Sirix WebTrader | Web-based | Social trading (CopyKat), intuitive interface, real-time analysis |
CM Trading Mobile App
For traders who prefer trading on the go, CM Trading offers mobile applications compatible with both iOS and Android devices. These apps provide full trading functionalities, ensuring a seamless experience across devices.
The table below highlights key features of the mobile apps:
| Feature | iOS Rating | Android Rating |
|---|---|---|
| User-Friendly Interface | 4.5/5 | 4.4/5 |
| Real-Time Notifications | 4.6/5 | 4.3/5 |
| Full Trading Functionality | 4.5/5 | 4.4/5 |
*Ratings are based on user reviews from respective app stores.*
CM Trading Account Types
CM Trading offers various account types to accommodate different trading needs and experience levels. Each account type comes with specific features, minimum deposit requirements, and trading conditions.
The table below summarizes the available account types:
| Account Type | Minimum Deposit | Leverage | Spreads (Typical) | Commission | Features |
|---|---|---|---|---|---|
| Bronze | $250 | Up to 1:200 | From 1.5 pips | None | Basic access to platforms and tools |
| Silver | $1,000 | Up to 1:200 | From 1.2 pips | None | Personal assistant, one risk-free trade |
| Gold | $10,000 | Up to 1:200 | From 0.9 pips | None | Three risk-free trades, volume cashback |
| Gold ECN | $10,000 | Up to 1:200 | From 0.1 pips | $14/lot | ECN execution, tighter spreads |
| Premium | $100,000 | Up to 1:200 | From 0.9 pips | None | Trading specialist, news and analyses |
| Premium ECN | $100,000 | Up to 1:200 | From 0.1 pips | $10/lot | ECN execution, dedicated support |
In conclusion, CM Trading provides a comprehensive trading environment suitable for beginners, with a variety of instruments, platforms, and account types to choose from. Its commitment to regulatory compliance and client education further enhances its appeal to new traders.
CM Trading Commissions & Fees
CM Trading’s fee structure varies across different account types, encompassing spreads, commissions, and swap fees. The following table provides a detailed breakdown:
| Fee Type | Bronze Account | Silver Account | Gold Account | Gold ECN Account | Premium Account | Premium ECN Account | Swap-Free Account |
|---|---|---|---|---|---|---|---|
| Spreads (EUR/USD) | From 1.5 pips | From 1.2 pips | From 0.9 pips | From 0.1 pips | From 0.9 pips | From 0.1 pips | From 1.5 pips |
| Commission per Lot | None | None | None | $7 per leg | None | $5 per leg | None |
| Swap Fees | Applicable | Applicable | Applicable | Applicable | Applicable | Applicable | Not Applicable |
| Inactivity Fee | $15/month after 3 months of inactivity | Same as Bronze | Same as Bronze | Same as Bronze | Same as Bronze | Same as Bronze | Same as Bronze |
*Note: Swap-free accounts are designed for traders adhering to Islamic finance principles, exempting them from overnight interest charges.*
CM Trading Deposit & Withdrawals
CM Trading offers a variety of deposit and withdrawal methods, each with specific fees and processing times. The table below outlines these details:
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Bank Wire Transfer | None | 2% | Deposits: 2-3 business days; Withdrawals: Up to 5 business days |
| Credit/Debit Cards | None | 2% | Deposits: Instant; Withdrawals: Up to 3 business days |
| Neteller | None | 2% | Deposits: Instant; Withdrawals: Up to 3 business days |
| Skrill | None | 2% | Deposits: Instant; Withdrawals: Up to 3 business days |
| Cryptocurrencies | 4% | 4% | Deposits: Instant; Withdrawals: Up to 3 business days |
| M-Pesa | None | None | Deposits: Instant; Withdrawals: 2-3 business days |
| Perfect Money | None | 2% | Deposits: Instant; Withdrawals: Up to 3 business days |
| Google Pay | None | 2% | Deposits: Instant; Withdrawals: Up to 3 business days |
| Apple Pay | None | 2% | Deposits: Instant; Withdrawals: Up to 3 business days |
| Local Mobile Money | None | 2% | Deposits: Instant; Withdrawals: Up to 3 business days |
Note: Clients can only withdraw original funds using the same method as the deposit. Profits can be withdrawn via bank wire, e-wallet, or cryptocurrency methods.
CM-Trading Customer Support
CM Trading provides multiple support channels to assist clients effectively. The table below details these channels:
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Live Chat | 24/5 | Immediate | English, Arabic, French, Spanish, Portuguese |
| 24/5 | Within 24 hours | English, Arabic, French, Spanish, Portuguese | |
| Phone Support | 24/5 | Immediate | English, Arabic, French, Spanish, Portuguese |
| 24/5 | Immediate | English, Arabic, French, Spanish, Portuguese |
*Note: Phone support is available through various international numbers, including South Africa, Canada, Malaysia, UK, China, France, Brazil, Mexico, Saudi Arabia, Russia, and Bahrain.*
CM Trading Education & Research
CM Trading offers a range of educational resources and research tools to support traders. The table below summarizes these offerings:
| Resource Type | Availability | Quality |
|---|---|---|
| Training Videos | Yes | Comprehensive |
| Webinars | Weekly | Informative |
| eBooks | Yes | Detailed |
| Daily Market Reviews | Yes | Insightful |
| Economic Calendar | Yes | Functional |
| Video Chart Analysis | Yes | Straightforward |
*Note: Educational materials are accessible to all traders, including non-clients, and cover topics suitable for both beginners and advanced traders.*
CM Trading Google Reviews & Reputation
CM Trading’s reputation is reflected in various online reviews and ratings. The table below provides an overview:
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| Overall Satisfaction | 3.5 | 3.5 | 4.5 | 4.4 |
| Customer Service | 4.0 | 4.0 | N/A | N/A |
| Platform Usability | 4.2 | 4.2 | N/A | N/A |
| Educational Resources | 3.8 | 3.8 | N/A | N/A |
*Note: Ratings are based on user reviews from respective platforms and may vary over time.*
CM Trading Bonuses & Promotions
CM Trading offers several bonuses and promotional programs to attract and reward traders. These promotions are designed to enhance the trading experience and offer clients more value on their deposits and referrals. Participation in bonuses often comes with specific terms and conditions, such as minimum deposit amounts or trading volume requirements.
The promotions are available to both new and existing clients and are updated regularly. Traders should check the official website to view the latest offers and eligibility criteria.
Current Promotions:
- Welcome Bonus: $100 bonus for first-time deposits over $500.
- Refer a Friend Program: Earn $100 per qualified referral.
- Risk-Free Trades: Up to 3 trades depending on account type.
- Deposit Match Bonus: Up to 20% bonus based on deposit amount.
- Ramadan Trading Bonus: Seasonal promo with added credits.
- Loyalty Cashback Program: Rebates based on trading volume.
- eBook Giveaway: Free trading eBook upon registration.
- Weekly Trading Contests: Prizes for top-performing traders.
- Trade & Earn iPhone: High-volume traders can earn gadgets.
- Seasonal Promotions: Offers during holidays and market events.
CM Trading Advantages & Disadvantages
| Pros | Cons |
|---|---|
| Regulated by FSCA and FSA | Not available to U.S. residents |
| Multiple account types for all experience levels | ECN accounts require high minimum deposit |
| Access to MetaTrader 4 and Sirix platforms | Limited crypto asset selection |
| CopyKat social trading feature | Swap-free accounts have restricted instrument access |
| Good selection of payment methods | Withdrawal fees apply to most methods |
| Rich educational center with videos, webinars, and eBooks | No 24/7 customer support |
| Multilingual support in five languages | No proprietary platform |
| Risk-free trades for new users | No MT5 platform offered |
| Competitive spreads on ECN accounts | Inactivity fee after 60 days |
| Dedicated account managers | Minimum withdrawal amount of $20 |
Final Thoughts
CM Trading delivers a strong trading experience for beginners and intermediate traders. With multiple account types, access to reliable platforms, and a solid lineup of educational tools, it stands out as a dependable option for those starting out. The broker also provides enticing bonuses and promotions that can add value to client accounts.
However, traders should remain aware of withdrawal and inactivity fees, as well as relatively high deposit requirements for premium accounts. Still, with its regulatory backing and customer support options, CM Trading is a credible broker with a balanced offering for global clients.