CM Trading Review 2020
CM Trading are South Africa’s largest online broker providing traders across the globe access to trade a wide range of Forex and CFD instruments on popular trading platforms with a good selection of educational materials and regular market analysis.
CM Trading Review 2020, Pros & Cons
- 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 is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including CM Trading.
CM Trading Review: 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”.
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, operating 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 Review: 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. This regulation helps to reassure clients that their deposits are secure and they are using a broker that can be trusted.
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 Review: 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 Review: 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.
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.
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.
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 Review: Trading Tools
CM Trading have a choice of trading tools that can be used to improve trading efficiency and generate trade ideas.
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.
The flexi signals area of the CM Trading website shares regularly updated chart analysis that can give ideas for potential trade opportunities.
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’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 Review: 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.
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.
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.
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.
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.
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 Review: Trading Instruments
CM Trading have a range of trading instruments from various markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.
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.
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.
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.
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.
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.
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 Review: 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.
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.
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.
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.
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 Review: Customer Service
Customer support is provided via online chat, email and various international telephone numbers. They are prompt and efficient with their responses.
CM Trading Review: 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.
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 Review: 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 Review: Conclusion
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.