Pros
  • MT4 desktop & mobile platform
  • Rich educational academy
  • Bonuses & promotions
  • Free daily forex signals
  • Copy-trading
Cons
  • Wide forex spreads
  • Withdrawal fees

Reviewed broker: CM Trading

Location: Johannesburg, South Africa

US traders are not accepted (all thanks to US regulators who do not approve of CFDs)

The broker’s motto is the commitment to innovation and user-friendly trading environment with professional and quick trade execution with tight spreads and competitive trading conditions.

Regulation: The Financial Sector Conduct Authority (FSCA) South Africa, The Seychelles Financial Services Authority FSA.

Trading instruments: Currency pairs, indices, cryptocurrencies, commodities, CFDs

CMTrading Trading Conditions

One thing definitely worth mentioning in this CMTrading review is the special features the broker offers. There are:

CopyKat – The CopyKat system allows users to copy the market’s top 100 traders without any previous knowledge. Whenever they make money – you
make money too!

Guardian Angel – sends you warnings when important changes take place in the market conditions.

Flexi Analysis – brings you signals and market analysis in nearly 100 languages! That is very impressive and unique. Most of us can speak, read and understand English without a problem, however for most traders there is nothing like reading technical and fundamental analysis in their own language.

The broker offers all the traditional trading we are all used to together with CFDs for commodities, stocks and indices.

Available maximum leverage maxes up to 200:1 and even higher to 400:1 on mini accounts. For CFDs the upper leverage option is 50:1.

Social Trading App

The most popular trading signals nowadays are copy trading or what some brokers call social trading.

At CMTrading, the feature is available in their Panda web based trading platform and it is called COOMA. There are a wide range of traders to copy and follow. When researching a trader to copy, it is important to understand that the results you see of their performance does not include open trades.

Account Types

You have a choice of several account types:

Demo – free account for practice for every new customer. Once you have registered for a live account, click “add account” on our website and choose the “demo” option. Please make sure you create the account on our website and not directly on the platform.

BRONZE ACCOUNT

$250 – $999

  • Market Reviews
  • CMTrading E- book
  • Webinars Access
  • Spreads: Regular
  • VOD: Introduction

SILVER ACCOUNT

$1000 – $9,999

  • Market Reviews
  • CMTrading E- book
  • Webinars Access
  • Spreads: €/$- as low as 1.2
  • VOD: Intro – Advanced
  • 1 Risk free trade
  • Personal Assistant

GOLD ACCOUNT

$10,000 – $99,999

  • Market Reviews
  • CMTrading E- book
  • Webinars Access
  • Spreads: €/$- as low as 0.9
  • VOD: Intro – Professional
  • 3 Risk free trades
  • Personal Assistant
  • Volume Cash Back

PREMIUM ACCOUNT

$100,000+

  • Market Reviews
  • CMTrading E- book
  • Webinars Access
  • Spreads: €/$- as low as 0.9
  • VOD: Intro – Professional
  • 3 Risk free trades
  • Personal Assistant
  • Volume Cash Back
  • Customized Account
  • Trading specialist
  • Access to Trading Room
  • Top news & Analyses
  • Special offers 

SHARIA-COMPLIANT TRADING ACCOUNTS 

CMTrading Islamic Accounts meet all of the requirements of Shariah law and the principles of Islamic Finance. These swap-free accounts carry no swap charges or rollover interest on positions that are held overnight. 

In addition, Islamic account owners can only access Shariah-compliant and approved financial instruments. Exotic currency pairs, cryptocurrencies, and stocks are also included and can be traded under our swap-free Islamic accounts.  

Trading Platform

Meta Trader 4, Enhanced with CM Trading Features

Trade using MT4’s powerful features combined with CM Trading support, and you’ll enjoy a top trading and technical analysis toolset. The most popular platform among traders, it provides a wide variety of useful information, fully customizable and automated.

Why Forex traders choose Metatrader 4

  • Simple user interface
  • One click executions
  • Limit orders
  • Quotes in real time
  • Graphs and charts for different timeframes
  • Technical indicators and tools
  • Live analytics

Platform Sirix

Sirix Web Trader is one of the most significant developments in the world of currency trading, offering the luxury of executing trades from mobile phones, computers and tablets without downloading or installing any software. With Sirix, a single click seamlessly connects you with a variety of currencies and markets. It’s compatible with both Mac OS and Windows.

Why do many traders use Sirix?

The number of Sirix users grows daily, which is the best proof of its success. There are many reasons why so many traders swear by it, here are a few of them:

  • 24/7 user updates
  • Backup options
  • Secure interface
  • 24/7 software availability
  • Encrypted services
  • Management of multiple accounts
  • Hassle-free transactions
  • Real time online trading tips
  • Forecasts, graphical representations and more

Payment Options 

Funding methods include a number of ways that are available and performs highly secured money transactions. The options offer Wire Bank Transfers, Debit/ Credit Cards, CashU, Neteller and Fasapay. Moreover, the CMTrading offers an exclusive CMT Prepaid Card that delivers seamless funding options to the trader. There are few Cards available while tailored solutions will be included into offering – Regular CMT Card and VIP CMT Card.

Minimum deposit requirement is $250

Deposit and withdrawal methods are the same. To make a withdrawal, select ‘Withdraw’ from your account area and fill in the online request form. The Finance department usually processes payment requests within three working days and will contact you should they need to verify any banking details. The minimum withdrawal is $20.

If funds are withdrawn in a different currency to the one used to deposit, transfer fees are applicable. Withdrawals can be made to your personal account only

Customer Support and Educational Material

Support is there for you 24 hours a day during the trading hours. Bilingual assistance can be reached via live chat, email and phone call.

Newbies might be interested in the educational section provided by the broker, which includes videos, ebook, market analysis and webinars. Definitely worth checking out if you have just stepped into the market.

How was the rating of CM Trading performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on CM Trading FX broker performance and features. 

Overall our online CM Trading review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online CM Trading or you find inaccurate details CM Trading broker review please get in touch with us and the changes will be applied.  

CMTrading Details

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