CM Trading Review

CM Trading Review

CM Trading Review

Due to the constantly increasing number of online brokers, it’s hard to find the one that’s both secure and reliable. Technology is now more advanced than ever, and many people tend to benefit from it by earning on online options markets. Brokerage companies have recognized their chance, so they’ve completely changed its core business in order to adapt to the new trends. However, there is a whole lot of scammers lurking for inexperienced victims, who often end up with all their money stolen without a trace. Fortunately, we believe that we’ve managed to find a holy grail among brokers. CM Trading is a company that offers fair trading interface, access to top markets and a huge palette of interesting features. On top of all that, judging by their security background and testimonials published by long-term clients, it is also one of the safest brokers on the market. Tempted by their numerous features, we’ve decided to take a thorough test of this company. The result is here, in this extensive CM Trading review, which will give you a complete overview of this broker’s vital features. If you want to switch from your existing broker, or just want to dive into an enchanting world of Forex and CFDs, you might want to stick around. But be warned, since the results of this review might come as a bit of a shock to you. Let’s start!

CM Trading Review | Regulation

One of the best proofs of a broker’s reliability is definitely regulation. Think of it in this way – would you rather do business with a company that can do anything with your funds and answers to no one, or with the one that is carefully monitored by governing bodies? Although regulation is a truly important feature of every top broker, it is not easy to obtain. That’s because the company that wants to be regulated must implement many safety protocols and abide by numerous regulatory policies. However, regulated companies won’t abuse your funds or data, meaning that you’ll have a safe environment. This is the case with CM Trading as well. Being one of the biggest and most recognizable brokers in South Africa, it is fully registered and regulated by Financial Services Board (FSB). FSB represents an independent regulatory agency that monitors all financial operations executed outside the banking system. This means that CM Trading stashes your funds in a segregated account, so it will remain intact in case of the company’s insolvency or bankruptcy. Furthermore, there are a lot of policies embedded in the registration interface, such as AML and KYC. The first one serves as an advice generator based on the client’s previous experience, while the latter one prevents injection of black money in the world’s monetary ecosystem. There are some more improvements, such as better encryption of data, an introduction of trusted liquidity providers and so on. To conclude the first part of our CM Trading review, we can honestly state that with this broker, you won’t be experiencing any safety breaches, and you won’t have to be afraid about your money’s safety. And just how much money can you add to your trading account? Keep on reading and find out!

CM Trading Regulation

CM Trading Regulation

CM Trading Review | Login and deposit

In order to start trading on the global marketplace, you’ll need to make your initial deposit. However, prior to funding your account, you’ll have to create one. This part of CM Trading review will cover both creating and funding your trading account, so stick around!

Login procedure is extremely simple and fast, so it shouldn’t take you more than two minutes to complete it. You’ll have to provide some basic personal details, such as full name, email, country of residence, phone number and desired currency. You can currently choose between US dollar and Euro, but keep in mind that you won’t be able to change the currency after you’ve completed the login procedure. Also, you’ll be asked to define your master password and choose your desired account package (we’ll be reviewing this in detail later on). And that’s pretty much it! Once you’ve filled in all the required fields, you’ll be taken on to the deposit page.

CM Trading Account Page

CM Trading Account Page

As for deposits, CM Trading has ensured that its traders have a lot to choose from. Aside from standard methods including major credit cards and wire transfer, you can also make deposits using e-wallets. Major global brands CashU and Neteller are supported, as well as Fasapay, the leading providers of electronic transactions in the South Africa. As you can see, CM Trading South Africa clients are treated extremely well here, but we can’t say anything different for other traders as well. Bear in mind that, due to regulatory procedures, you’ll be asked to provide copies of some personal documents prior to commencing trades with CM Trading. These include proof of residence, proof of identity and proof of payment if you’re depositing using a credit card. You don’t have to worry about the broker storing your credit card data – since it complies with the PCI policy, your credit card details will be automatically deleted from the system the moment you complete deposit or withdrawal procedure. As for the time frame needed for deposits to reflect on your trading account, they vary depending on your preferred method. Credit card deposits are instantly processed, e-wallet deposits may take up to one hour to process, while wire transfers take up to 3 business days to complete.

CM Trading Deposit Methods

CM Trading Deposit Methods

We should also emphasize that you’ll need at least 250$ to open up a real trading account here. And that’s about it when it comes to deposits. We’ve tested all of the aforementioned methods personally on several occasions, and all of them worked like a charm. Therefore, we can proudly state that CM Trading delights with available methods, speed, and swiftness. But can we say the same thing for withdrawals as well? Keep on reading and find out what we’ve experienced!

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CM Trading Review | Withdrawals

Since we’ve analyzed the deposit procedure, this part of CM Trading review will cover all you need to know about withdrawals. If you wish to withdraw your earnings and transfer them to your banking account, you’ll have to fill up withdrawal request. Here you simply choose the amount of money you want to withdraw, and the method that will be used for transfer. All deposit methods can be used for withdrawals as well, so you’ll be able to choose among major credit cards, e-wallets, and wire transfer. However, due to the AML policy, CM Trading will automatically adjust withdrawal method to match the one used for the deposit. Therefore, if you’ve made your deposit using a credit card, you’ll receive the funds you’ve withdrawn on the very same bank account. The same thing goes for other banking options as well. The minimum amount required to perform a withdrawal request is set at 20$. There is an option to cancel already submitted withdrawal request – simply send an email to the customer support team explaining your reasons for cancellation, and everything will be settled in no time. We also have to mention that, depending on your preferred banking method, withdrawal requests may take up to 3 business days to get processed. This is a fairly average amount in the industry, so you shouldn’t get worried about it at all. We’ve managed to test all the available banking options for withdrawals, and we haven’t been able to find any possible flaw. Everything works perfect, just as we expected from a broker this good. Now that we’re done with banking methods, let’s see which account packages you can choose while registering your new trading account. Read the next part of our CM Trading review and learn all the important features of each available account type!

CM Trading Withdrawal

CM Trading Withdrawal

CM Trading Review | Account Types

In previous parts of our CM Trading review, we’ve seen that this broker always strives to provide its customers with various choices regarding all aspects. The same thing can be said for account packages as well. A total of five different account types is at your disposal, depending on the amount you decide to invest as your initial deposit. If you happen to deposit between 250 and 1000$, you’ll be able to open Mini account. It will give you a fixed leverage of 1:200 and fair lowest spreads. Furthermore, you’ll be able to receive daily and weekly market reviews containing useful information for placing trades, as well as gain access to an educational e-book. On top of that, you’ll also get a free demo account, which you can use to practice your skills and get to know the trading interface before risking your own money. Investing between 1000 and 5000$ will render you eligible to open a Standard account. It broadens the Mini’s offer by adding regular spreads, a dedicated CMT debit card used to transfer money to and from your trading account, and one risk-free trades. Also, it gives you free access to introductory webinars, which can prove extremely useful if you lack experience in Forex trading. If you wish to invest up to 25 000$, you might open an Executive account package. Introducing tighter spreads, VIP debit card, 2 risk-free trades and more educational materials, this is a perfect offer for experienced traders. However, those looking for a complete control over their invested funds should opt for a Gold account. It requires at least 25 000$ worth of deposit, but it awards you with competitive spreads, same-day withdrawal procedures, access to two different trading strategies and all available educational materials. As you can see, all types of traders are covered, so you’ll surely find your ideal package in no time.

CM Trading Account Types

CM Trading Account Types

Finally, CM Trading has created a specific Islamic account, tailored for traders that live in accordance with Sharia law. This account type is completely interest-free, meaning that you’ll never be charged with any hidden fees or additional costs. That way you can trade safely here, without violating the principles of the Islamic religion. And that’s pretty much it when it comes to the variety of account packages. Our experts have thoroughly tested all the features of all account packages, and absolutely everything is as it looks like – perfect. That being said, we can guarantee that you’ll have a fantastic trading experience with CM Trading, regardless of your preferred account type. That being said, let’s analyze the main source for a fantastic trading experience – the interface itself. Keep on reading!

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CM Trading Review | Trading Platforms

The core of the broker’s trading operations is called MetaTrader 4. We’ve written a series of articles regarding the world’s most popular interface for trading Forex, CFDs and other assets, but let’s give a quick overview here as well. The main power of MT4 is a combination of advanced technology and simple, user-friendly interface. This means that even complete beginners will find their way around the platform in no time. The layout is completely adjustable, so you can modify it as much as you want, leaving the most important things and hiding the features you don’t use. As for the features, you really have a number to choose from, with over 50 trading indicators, oscillators, graph modifications and much more. You can even track multiple assets at the same time, inject trading scripts that automate trading procedure based on various signal providers, develop your own trading robots and much more. All the prices are updated every moment, so you’ll always have the latest information right on the spot. And you can even place trades with a single click of your mouse. Or you can use your fingers because MT4 is available as a mobile application for all Android and iOS-based smartphones and tablets. All the data is synced in real time between all your devices that contain MT4 application, so you can start trading on your laptop, turn it off and continue trading on your smartphone from wherever you are. It’s that simple. And on top of that, high-quality security protocols and encryptions are implemented in all MT4 interfaces, assuring that no one can access your sensitive information. Whether you’re an experienced professional or a complete newbie, MT4 is your ultimate go-to platform for market access.

CM Trading MT4 Mobile

CM Trading MT4 Mobile

However, CM Trading has really outdone itself in staying true to their motto – providing clients with various options. Sirix trading interface is one of those options. Although its appearance has many similarities with MT4, it has some interesting features appreciated by a horde of satisfied traders. Sirix platform can be obtained by downloading a mobile application or by entering the trading terminal directly from your web browser. That’s true – no download is needed, and since the app is coded in modern HTML5 technology, it will run stable on all available web browsers. Besides its cross-platform feature, Sirix interface also offers 24/7 market updates, all-time market access, encryption of trades, support for multiple accounts, backup option, fast transactions, latest market analysis and much more. Judging by the experience of a great number of traders, you won’t be sorry if you decide to start trading with any iteration of Sirix interface. But the offer doesn’t stop there. CopyKat, a social trading platform designed to inspect what other traders do and let users mimic their behavior is available as well. Either in a form of a web platform or a mobile app, it grants you access to portfolios of prominent traders, allowing you to copy their trades. This is a great option for those who see learning Forex principles as a very laborious process, but still wish to experience the excitement of trading. You can copy trades manually, or subscribe to a trader’s portfolio – when he makes a bet, you make a bet as well. This is a great way to explore the possibilities of trading by combining traders with various strategies and approaches, from which you can learn a great deal.

CM Trading Sirix Platform

CM Trading Sirix Platform

As for other features, you can access economic calendar anytime, to see the predictions of price changes in future. There is also a Guardian Angel feature, which will automatically trigger warnings and advice regarding your trading approach, in aim to help you develop the winning strategy for each trade. Finally, you can download additional Expert Advisors, a MT4 trading scripts that can make automate the trading procedure based on several parameters you can modify. And that’s it. Needless to say, our trading experts spent days in evaluating available platforms, and all of them passed our rigorous tests with flying colors. That being said, we can honestly state that with CM Trading, you’ll truly have an experience of a lifetime. Are there still some features left uncharted? Stick around and find out!

START TRADING WITH CM TRADING NOW!

CM Trading Review | Education

Before we wrap this CM Trading review up, we just had to check out the quality of the available educational materials. At the very start, the size of this repository overthrew us. Here you’ll find a variety of webinars, videos, e-books, articles, analyses covering everything related to trading. For starters, you’ll find a library of videos containing all you need to know in order to start trading properly. Beginners course, video-on-demand playlist containing all about Forex trading, explanation of available trading assets and tools, platform tutorials, introduction to social trading, economics and strategies – absolutely everything is here. If you consider yourself more of a reader, don’t worry – fantastic e-books covering the principles of Forex trading, CFDs, commodities and advanced trading strategies can be downloaded at any time. There is also a short, introductory e-book in a form of presentation that serves as a quick guide to Forex trading, and is best paired with demo account, to get a full grasp of the platform features. You can also access a live preview of the market, showing most recent price changes of most popular assets with the option to trade instantly. You can also register for a free webinar on a weekly basis, each covering different topic, but all of them boosting your confidence and upgrading your knowledge. Finally, tips for creating precise fundamental and technical analysis are present as well. We’ve made a thorough revision of all of the available materials, and we can proudly state that all of them are of highest quality possible. Not only this library will teach you how to trade, it will reveal many valuable trading secrets, and empower you with enough knowledge to boldly step into the global marketplace. That being said, we believe that now’s the time to bring this CM Trading review to its end.

CM Trading Education

CM Trading Education

CM Trading Review | Conclusion

As you have witnessed, all features included in this CM Trading review are nothing but fantastic. This broker has clearly shown that customer satisfaction is their primary goal, and they’ve managed to achieve it. Absolutely every aspect of CM Trading is nothing but fantastic. Starting off with various account packages, continuing with numerous banking methods, great trading requirements and rich palette of trading interfaces, all the way to educational resources – this broker has it all. At the very end, we strongly believe that CM Trading should become your next trading partner. Thousands of satisfied customers surely don’t lie – judging by our own experience, this broker will bring you nothing but ultimate joy and prosperity. So go on, open a free trading account with CM Trading and change your winning odds instantly!

OPEN FREE TRADING ACCOUNT NOW!

 

Author's overall rating:
Author: Ben Prescott
Updated:

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