CM Trading Review

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CM Trading are a South African online broker providing traders across the globe access to trade a wide range of Forex and CFD instruments on popular and user-friendly trading platforms. The broker has competitive trading conditions along with a selection of educational materials and regular market analysis to assist you with your daily trading activities.

CM Trading Review, Pros & Cons
  • Regulated brokerage
  • Range of instruments across different markets
  • Easy to use platforms
  • Commission free accounts
  • Daily market analysis
  • Variety of educational resources
  • CopyKat Trading
  • Hedging & scalping allowed
  • No US clients
  • Min $250 deposit
  • No fixed spead accounts

In this detailed CM Trading review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

CM Trading CM Trading Summary

CM Trading is an online broker that offers trading services to clients around the globe with trading instruments across multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.

CM Trading was founded in 2012 by experienced traders and is South Africa’s largest broker, winning the awards for “Best Performing Broker in Africa 2017”, “Best Financial Broker Africa in 2019” and “Best Performing Broker in Africa 2019”.

CM Trading Award

CM Trading Award

Using the latest technologies, they strive to make trading as simple and enjoyable as possible whilst continually innovating and improving their services to help clients reach their goals.

Integrity and honesty are core values according to CM Trading, claiming to operate in a transparent manner with client safety and security being of paramount importance. They use SSL security systems and client funds are held in segregated accounts.

They have a selection of popular trading platforms, including MetaTrader 4 (MT4). There is a range of trading tools, free educational material and global support available 24 hours day. The same high standard of service and support is given to all levels of clients.

CM Trading Regulation

CM Trading is the Brand name of Global Capital Markets Trading and BLACKSTONE Marketing SA(PTY)LTD (GCMT SA). CM Trading are regulated by the Financial Sector Conduct Authority (FSCA) and Financial Services Board (FSB) in South Africa. The FSCA is an independent institution that monitors financial services in South Africa to ensure consumer protection and market conduct.

In addition to these regulations, they hold client funds in segregated accounts to ensure they are not used for any other purpose, only for clients trading. Funds must be accessible at all times for clients to withdraw as and when they wish.

CM Trading Countries

Whilst CM Trading accepts clients from all over the world, there are some exclusions due to regulations including USA, some EU countries, Hong Kong, Israel and some third-world countries.

Some CM Trading broker features and products mentioned within this CM Trading review may not be available to traders from specific countries due to legal restrictions.

CM Trading Platforms

CM Trading have a selection of powerful trading platforms suitable for different levels and needs of traders. The popular MetaTrader 4 (MT4) platform is available for desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). They also offer their own CopyKat platform for signal copying and the Sirix WebTrader social platform.

CM Trading Platforms

CM Trading Platforms

MetaTrader 4

MetaTrader 4 (MT4) is the world’s most popular trading platform, released in 2005 and developed by MetaQuotes Software Corp, a Russian software company who license the platform to over 500 banks and brokers worldwide. It allows retail traders to access and trade on real-time prices across a range of different instruments and markets.

MT4 is widely known for its user-friendly interface, ease of use, quick learning curve and numerous built-in features including one click execution, multiple order types, real-time quotes, technical indicators, news and other tools. The CM Trading MT4 is free to use, including enhanced features and support.

MT4 is suitable for all levels of traders, it has basic functions for beginners and advanced technical analysis charting for the more experienced traders. It is fully customisable with the capability of using the vast range of built-in technical indicators for analysing charts on multiple timeframes to assist with trading decisions.

You can create your own custom indicators and automated trading systems (Expert Advisors) using the MQL4 programming language within MetaEditor. There is also a large online MQL4 community for accessing more trading tools to use within the platform.

If you wish to trade on the go, the MT4 mobile platform is available for download on both Android and iOS. Using the mobile platform enables you to access and manage your account from anywhere in the world with an internet connection.

CM Trading MetaTrader 4 (MT4) Platform

CM Trading MetaTrader 4 (MT4) Platform

Sirix WebTrader

SIrix WebTrader is the online version of the popular Sirix platform. It was developed by Leverate and is an all in one social trading platform available in 18 languages. You can easily execute trades from your web browser without needing to install any software.

The WebTrader supports pre-configuration for frequent trading functions such as lot size and order types, thus making trading more efficient. There are multiple built in indicators and charting options to choose from to help with market analysis. The integrated news feed and economic calendar enables users to keep up to date with the latest market news.

The social trading integration allows users to follow other traders in an active online community to increase their knowledge and copy other traders (CopyKat Trading).

Other notable features include 24/7 user updates, backup options, encrypted services, multiple account management, forecasts, real-time trading tips and much more. WebTrader is available for Windows, Mac, Android and iOS.

CM Trading Sirix WebTrader

CM Trading Sirix WebTrader

CopyKat Trading

CopyKat Trading is accessed via the Sirix Webtrader platform and allows users to watch, study and copy strategies used by other traders. You can search and filter strategies based on performance. If you want to copy trades from a particular strategy, you can at the click of a button and every time they trade, the same trades will automatically be placed on your account. It should be strongly noted that past performance is by no means any guarantee of future performance. You may add or remove from signals that you are copying at any time.

CM Trading Trading Tools

CM Trading have a choice of trading tools that can be used to improve trading efficiency and generate trade ideas.

CM Trading Education & Tools

CM Trading Education & Tools

Smart Communication System

The CM Trading Smart Communication System is offered to clients free of charge and aims to help clients get the best out of their trading by keeping you up to date with direct messages regarding signals, analysis and automated feedback on your trading activity.

Flexi Signals

The flexi signals area of the CM Trading website shares regularly updated chart analysis that can give ideas for potential trade opportunities.

CM Trading Flexi Signals

CM Trading Flexi Signals

Daily Market Analysis

CM Trading provide a free daily market review video that covers a range of different markets and gives highlights of the day with detailed technical chart analysis. You can subscribe to their YouTube channel to keep up to date with the latest videos or get them directly from the website.

CM Trading Daily Market Analysis

CM Trading Daily Market Analysis

Economic Calendar

CM Trading’s economic calendar displays the latest financial news events that can affect the markets. Each news release has a date/time, rating in terms of the anticipated impact and forecasted/actual/previous results. This calendar can be used for fundamental analysis to find potential trading opportunities or which markets to avoid.

CM Trading Economic Calendar

CM Trading Economic Calendar

CM Trading Education

CM Trading have a wide variety of free training videos, technical analysis tutorials, webinars and eBooks. The educational material is vast and suitable for traders of all experience levels with topics covered from the very basic to more advanced subjects.

eBooks

CM Trading’s thorough eBooks help traders to understand some of the key trading concepts whilst increasing their trading knowledge and skills. Topics covered include an introduction to the financial markets, strategies, psychology, money management, technical analysis and more.

CM Trading eBooks

CM Trading eBooks

Training Videos

In addition to eBooks, CM Trading also provide a selection of detailed training videos that come in 2 separate sections, beginner courses and in-depth courses. There is plenty of trading knowledge to gain from these well explained videos. Subjects include trading platforms, trading tools and social trading.

CM Trading Training Video Tutorials

CM Trading Training Video Tutorials

Webinars

Although infrequent, CM Trading do conduct free webinars that you can register for. The webinars discussions with other traders can help to further improve your trading knowledge. Past webinars are also available on the website.

Chart Analysis

There is a dedicated chart analysis section of the CM Trading website that shows real-time chart analysis including stop loss and take profit levels across different instruments. The trade buttons next to the chart will launch the Sirix WebTrader platform and open the relevant chart.

CM Trading Chart Analysis

CM Trading Chart Analysis

Video Analysis

The video analysis is similar to the chart analysis with the information displayed and explained in an easy to digest yet detailed video.

CM Trading Video Analysis

CM Trading Video Analysis

CM Trading Instruments

CM Trading have a range of trading instruments from various markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.

Forex Trading

The foreign exchange (forex) market is the worlds largest decentralised global market where all the world’s currencies are traded. Forex trading is comprised of trading 2 combined currencies and is influenced by a variety of different factors including inflation, interest rates, government policy, employment figures and demand for imports and exports. CM Trading offer 45+ major, minor and exotic currency pairs to traders.

CM Trading Forex

CM Trading Forex

CFD Trading

Contracts for Differences (CFDs) allow traders to speculate on if securities will rise or fall without needing to actually own them. CM Trading offer over 200+ CFD products including currencies, metals, commodities and indices.

CM Trading CFDs

CM Trading CFDs

Commodities Trading

Commodities are often viewed as a way of diversifying a portfolio over the short and long term. Commodities play a role in everyone’s life and CM Trading offer some of the most popular options to trade such as crude oil (WTI, Brent), natural gas, coffee, corn, sugar and wheat.

CM Trading Commodities

CM Trading Commodities

Metals Trading

Metals are classed as commodity assets that are mined from the earth and for hundreds of years have been used by governments as indicators of value and mediums of exchange. CM Trading offer some of the most popular metals for trading such as gold, silver, platinum and copper.

CM Trading Metals

CM Trading Metals

Indices Trading

Indices allow traders to trade a variety of assets from a specific segment that the index comprises of, in one transaction. CM Trading offer some of the world’s leading indices including Dow Jones, FTSE, DAX, JSE and more. Indices are often used as a way of further diversifying a portfolio.

CM Trading Indices

CM Trading Indices

Crypto Trading

Cryptocurrency is a decentralised virtual currency which uses complex mathematical algortihms to secure and verify transactions. CM Trading offer a choice of trading popular Cryptos such as Bitcoin, Litecoin, Ripple and Etherium.

CM Trading Cryptos

CM Trading Cryptos

CM Trading Accounts & Fees

CM Trading provide a variety of different account types to suit different trader’s needs. They offer floating spreads, which means that they are not always the same, they fluctuate with the market. At times, spreads can also widen when the market opens, or when there is a market event creating high volatility. Demo accounts are available to test the different trading platforms and conditions before opening a real account. There are also Islamic swap-free accounts that comply with Sharia law.

CM Trading Accounts

CM Trading Accounts

Mini Account

The mini account requires a minimum $250 deposit and has flexible leverage of up to 1:200. Mini accounts have access to daily/weekly analysis and eBooks. There is no commission charge on this account type.

Classic Account

The classic account requires a minimum $1,000 deposit and has flexible leverage of up to 1:200. The classic account has a regular spread. There is no commission charge on this account type.

Executive Account

The executive account requires a minimum $10,000 deposit and has flexible leverage of up to 1:200. Spreads are tighter on the executive account. There is no commission charge on this account type.

Premium Account

The premium account requires a minimum $25,000 deposit and has flexible leverage of up to 1:200. Spreads are more competitive on this account type whilst there are free trading strategies included. There is no commission charge on this account type.

As broker fees can vary and change, there may be additional fees that are not listed in this CM Trading review. It is imperative to ensure that you check and understand all of the latest information before you open a CM Trading broker account for online trading.

CM Trading Support

Customer support is provided via online chat, email and various international telephone numbers. They are prompt and efficient with their responses.

CM Trading Support

CM Trading Support

CM Trading Deposit & Withdrawal

There is a good variety of different deposit and withdrawal options including, bank wire, credit card and some online payment processors such as Neteller. Bitcoin funding is also available.

CM Trading Deposit & Withdrawal Methods

CM Trading Deposit & Withdrawal Methods

Some fees may be charged when using certain payment methods. Bank transfers may take a few business days to clear. Accounts can be opened in USD, EUR, GBP. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

CM Trading Account Opening

There is a very short online form to register for an account with CM Trading. Once you have completed the form you need to verify your email address and upload verification documents for KYC purposes. This will be a form of identification such as a passport and proof of address which can be a utility bill. After the accounts team have verified your documents and approved your account, you can then fund your account and commence trading.

CM Trading Registration Form

CM Trading Registration Form

It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.

CM Trading FAQ

What is the CM Trading minimum deposit?

The CM Trading minimum deposit amount is $250. This is a very reasonable amount compared to some other brokers who require a minimum deposit of $500 or even more. It allows you to try out the broker’s products and services with a modest amount to determine if they are suitable for your needs.

How do I deposit money into CM Trading?

To deposit funds, log into your account through the secure client portal on the website and click on “make a deposit.” The broker offers the following payment methods: bank wire transfers, cash deposits, credit/debit cards, and some online payment processors, such Neteller, Skrill, M-Pesa, Online Naira, FasaPay, and more.

Bank wire transfers and cash deposits can take up to 2-3 business days; credit card payments are instant, while electronic payments may take up to one hour to be processed.

What are the CM Trading deposit fees?

The broker does not charge any fees for deposits.

How do I withdraw money from CM Trading?

To withdraw funds from your trading account, log onto your trading account on the CM Trading website and click “withdrawal.” Choose your account number, type in the sum of the withdrawal, and choose your withdrawal method. Once the withdrawal method is chosen, fill in the required fields and click on the “request a withdrawal” button at the bottom.

All withdrawal requests are processed within 2-3 business days. The minimum withdrawal amount is $20.

If you funded your account with a credit/debit card, the money would be refunded through that same card. If you funded your account via bank wire/EFT/cash deposit, funds would be sent back to your bank account. In the event of a third-party deposit, funds will be sent back to the third party, up to the amount deposited by the third party.

What are the CM Trading withdrawal fees?

CM Trading charges a fee of 2% fees on all withdrawals.

What is the CM Trading commission fee?

The broker does not charge any commission fee on trades.

Are there any CM Trading inactivity fees?

Inactive Accounts will be subject to a monthly charge of $15/ €15, depending on the account currency for the maintenance, administration, and compliance management of such inactive accounts. The inactivity fee will be charged from the third consecutive month of Inactivity and every successive inactive month.

What are the CM Trading account types?

The broker offers a choice of four live trading account options. The account types and their corresponding minimum deposit requirements are as follows: Bronze ($250), Silver ($1,000), Gold ($10,000), and Premium ($100,000) accounts.

Is there a CM Trading demo account?

Yes, a demo account is available at CM Trading to help clients acquaint themselves with the broker’s platforms before opening a live trading account. The demo account option is available on all the live trading account options.

What are the CM Trading spreads?

The difference between the Bid and Ask prices is referred to as the spread. CM Trading offers competitive spreads starting from 0.9 pips.

What is the CM Trading leverage?

CM Trading offers leverage of up to 1:400.

Leverage is a powerful tool that allows investors to trade with more money than the amount deposited in their trading account. Trading wisely with the leverage system can work in your favor and bring in high profits.

What is CM Trading margin & stop-out levels?

The CM Trading margin is the required equity that an investor must deposit to collateralize a position. In other words, a margin is an amount deposited by traders which enables them to participate in the Forex market. The margin at CM Trading is at 2%.

If your funds fall below margin requirements, the system will close some or all open positions. This prevents your accounts from falling into a negative balance which means you cannot lose more than your initial investment.

Do CM Trading allow hedging, scalping & expert advisors?

Several trading strategies, including hedging, scalping, and expert advisors, are allowed at CM Trading.

Is there a CM Trading Islamic account?

Yes, CM Trading does offer an Islamic account. It is suitable for traders who follow the Muslim faith. Islamic account does not incur any swap interest fees and therefore is fully compliant with Sharia law. The Islamic Account is often available upon request

What are the CM Trading instruments?

The broker offers various financial markets, including forex, commodities, cryptocurrency, stocks, shares, indices, metals, energies, and CFDs.

How do I open a CM Trading live account?

You can open a CM Trading live account by completing a short and secure application form on the CM Trading website, which is accessible by clicking the “Register” button at the top right corner of the broker’s website. Fill in the form properly and submit it.

How do I verify my CM Trading account?

To verify your account, you need to upload the following documents:

  • Proof of Identity: This can either be a government-issued Passport, Identity card/book, or driver’s license. Please provide front and back copies of this document clearly showing your full name, date of birth, issue and expiration date (if applicable), and your picture.
  • Proof of Residence: This can be any utility bill or bank statement. Please provide a document issued within the last 3 months and show your name, full residential address, and the issue date.

The broker can also accept an affidavit from the police station or a declaration of residence signed and stamped by your municipality. Please note that PO Boxes are not accepted.

What is the CM Trading platform?

CM Trading offers several trading platforms, including the MT4, Sirix WebTrader, and CopyKat trading platforms. The MT4 trading platform is a popular trading platform that is packed with top trading and technical analysis toolsets. The platform provides a wide variety of useful information, fully customizable and automated. The Sirix Web Trader is one of the most significant developments in the world of currency trading, offering the luxury of executing trades from cell phones, computers, and tablets without downloading or installing any software. The CopyKat allows you to watch, learn and copy the complex strategies used by successful traders.

Where can I download the CM Trading platform?

All platforms are available to download and use from your secure client area’s “Downloads” tab.

Where is CM Trading located?

CM Trading is located in Johannesburg, South Africa.

Is CM Trading regulated?

CM Trading is regulated by the Financial Sector Conduct Authority (FSCA) and Financial Services Board (FSB) in South Africa.

What countries do CM Trading accept?

CM Trading accepts clients from all over the world, except the USA, some EU countries, Hong Kong, Israel, and some third-world countries.

Is CM Trading a scam?

No, CM Trading is not a scam. They are properly registered and regulated by the Financial Sector Conduct Authority (FSCA) and have been offering online financial services since 2012.

How can I contact CM Trading support?

You can contact the CM Trading client support team via the following contact channels: online chat, telephone, and email.

CM Trading Summary

CM Trading are an online broker that put great emphasis on providing traders with educational material and detailed daily market analysis in order to help towards their trading success. They have a good selection of trading platforms and flexible accounts to choose from. There are plenty of trading assets to choose from in different markets.

Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

Min $250 Deposit

CM Trading are South Africa’s largest online broker providing traders across the globe access to trade a wide range of Forex & CFD instruments on popular trading platforms with a good selection of educational materials & regular market analysis.

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