CM Trade Review
CM Trading is a rapidly growing brand name in the forex market. Around since 2011, they have built a reputation as a good place for beginner traders. Customer service is good, and new traders can start with a demo account, letting them learn the basics of trading before moving up to live trades in the market.
It’s easy to sign up at CM Trading. The broker website has a short online form, where you can open a new account. The service and retention departments contact new account holders quickly, to get traders settled in. A key feature, one sure to please any new trader, is the welcome bonus. CM Trading offers new account holders a bonus of up to $2000 on their first deposit.
The customer service department is open 24/5 – around the clock Monday through Friday, just like the markets. If you need help with your trading, it’s available right away. Service is available via email, live chat, and phone, in English and Arabic.
Customer education is one of CM Trading’s strongest points. CM Trading aims to make forex trading an easier, more user-friendly experience. A variety of training videos and trading analyses are available for novice traders, and there are webinars and daily forex news for more knowledgeable traders to get oriented in the sometimes-confusing forex marketplace.
If you’re new to the market, you will have the resources you need to learn how to trade, why to make particular trades, and the advantages of strategic trading. The idea is to help traders turn a successful profit. More experiences traders will benefit from technical and fundamental analyses, regularly emailed market notes, and trading signals, made available on the website or the Facebook page.
One great learning tool that CM Trading makes available to traders, that really is an above-and-beyond offering, is the CopyKat platform.
CopyKat harnesses the power of social media methods to make forex trading easy. Users sign up through the Sirix Webtrader platform, and can search and follow other traders on the network. Personal information is protected (profiles are anonymous, and personal information is not visible), but traders can see who is successful in the market and which of their trades are turning profits. This can be used to activate the ‘mirror’ function–you can choose a trader and copy their account activity. When they profit, you’ll profit, even if you are new to the market. The best part is, you can follow their trades at your own level of investment – simply allocate from your account the amount you feel comfortable investing, and CopyKat will make the trades proportional to your investment.
Customer education is one of CM Trading’s strongest points. CM Trading aims to make forex trading an easier, more user-friendly experience. A variety of training videos and trading analyses are available for novice traders, and there are webinars and daily forex news for more knowledgeable traders.
CM Trading also offers CopyKat, a special feature using social media methods to make trading easier for everyone. Specifically, CopyKat lets customers copy the transactions of a successful trader. It’s a good way to get started trading; the ‘newbie’ can just follow someone who has been successful in the in the market, and set CopyKat to automatically make the same trades.
Deposits and Withdrawals
Account deposits at CM Trading can be made by Mastercard, Visa, Intercash prepaid cards, CashU, or wire transfers. Withdrawals can be made directly to the trader’s bank account or credit card. Customers should be aware that the company requires some basic identification documents to verify the first deposit or withdrawal. The service department handles the transactions quickly and accurately.
CM Trading uses the MetaTrader 4 (MT4) platform. The customer has to download a software package; however, the software installation is easy. MT4 does take some time to get used to, but is worth the effort. The platform offers the trader excellent charting options to track market performance of a wide variety of currency pairs. Making trades can be done at the click of a button, based on real-time market information.CM Trading also offers mobile and tablet platforms, and a no-download web trading platform. All of these options use the same account login as MT4, and give the customer easy access to the forex markets.
CM Trading builds that trust with secure banking practices and strong regulatory oversight. The regulatory agency is the South African Financial Services Board, and independent overseer of South Africa’s non-banking financial services sector, charged with maintaining the honesty and propriety of financial investment in South Africa and online. The FSB is a strict regulator, serving the public interest.
In addition to FSB regulation, CM Trading maintains customer security through strict management of all trading account funds. Customer deposits are kept in segregated accounts, separate from company funds, to ensure that they cannot be used for any purpose other than customer trading activity. Additionally, all company websites and servers are firewall protected to maintain the safety and integrity of customer data.
CM Trading Details
|Headquartered in||South Africa|
|US Clients Accepted||no|
|ype of Broker||STP|
|Islamic Account (Swap Free)||yes|
|Deposit Options||Credit Card|
|Withdrawal Options||Credit Card|
|Platform Type||MetaTrader 4|
|OS Compatibility||Windows , Android|
|Streaming News Feed||no|
|Trade From Charts||no|
|Guaranteed Stop Loss||no|
|Guaranteed Limit Orders||no|
|Interest on Margin||no|
|ustomer Support Languages||English, Russian, Arabic, Chinese, Indonesian, Malaysian|
|Customer Service Hours||24h|
|Place Trades Over the Phone?||yes|
Bonuses & Promotions
CM Trading’s Latest Promotions
Increase your trading power and your chance to make money by taking advantage of our first deposit bonus.
CM Trading offers the most generous Forex bonuses online. Our promotions are updated from time to time so make sure you check what is on offer.
Our bonuses mean you get to trade with more capital – means bigger trades, bigger profits and you can stay in trades for longer!
CM Trading Promotions
- Make your first time deposit and get a free e-Book
- Deposit $500 and up, and get up to a 20%* Bonus
- Deposit $1000 and apply for a free Intercash international debit card
*Bonus – Up to $1000!
$ 250-$ 999
$ 1.000-$ 4.999
$ 5.000-$ 24.999
|GOLD – &$25,000|
|Demo Account||Demo Account||Demo Account||Demo Account|
|Leverage 1: 400||Leverage 1:200||Leverage 1: 200||Leverage 1: 200|
|Spread||Regular Spread||Tighter Spread||Competitive Spread|
|Daily Market Review||Regular CMT Debit Card||VIP CMT Debit Card||Same day withdrawals|
|Weekly Market Review||1 Risk Free Trade||2 Risk Free Trade||3 Risk Free Trade|
|CM Trading E-book||Webinars||Webinars||2 Trading Strategies|
|Introduction to Forex||Introduction Forex||Webinars|
|Understanding Technical & Fundamental Analysis||Introduction Forex|
|Understanding Technical & Fundamental Analysis|
|Psychology of trading|