CMTrading Forex Broker
CMTrading Forex Broker is an online forex broker that was founded in 2011 in South Africa. The “CM Trading” brand is actually owned by Global Capital Markets Trading and GCMT SA. This puts CM Trading under the jurisdiction of the South African Financial Services Board (FSB) operating under FSP license #38782 issued to Blackstone Marketing SA (PTY) Ltd.
Over the last few years, they have earned a reputation as a broker with integrity as well as the broker to sign up with if you really want to learn about forex trading.
There are essentially 3 main types of trading platforms at CM Trading. The mainstay of the forex trading platforms is of course the industry proven MetaTrader (MT4) platform. In addition to the MT4 platform, there is also the web based Sirix powered trading platform. Given the popularity of this platform, CM Trading includes support for mobiles devices and smartphones using iOS and Android operating systems.
Perhaps what is uniquely a signature of CM Trading is their CM Trading CopyKat trading platform. Through the CopyKat platform, traders can watch and choose to mirror the trades of the more professional traders all at just a click of the mouse.
CMTrading Unique Features
One of CM Trading’s strongest point is their trading education. To make forex trading as easy as possible for their traders, CM Trading provided them with a wide range of educational tools such as webinars, training videos as well as updated market analysis.
Their free “Guardian Angel” service helps to keep traders updated on the changing conditions in the markets. In addition, the service also provides feedback on how the trader is trading.
Perhaps the most impressive of the training tools which traders have at their deposal is the CM Trading’s CopyKat trading platform. By plugging into the CopyKat trading social networking, novices can harness the experiences of veteran traders by watching and mirroring how the professionals do their trades.
CMTrading Forex Broker Account Types
There are 4 types of trading accounts at CM Trading. Traders can choose from:
• Mini Account
Minimum Deposit of $250
Leverage Ratio of 1:400
• Standard Account
Minimum Deposit of $1000
Leverage Ratio of 1:200
1 risk Free Trade
Regular CMT Debit card
• Executive Account
Minimum Deposit of $5000
Leverage Ratio of 1:200
2 risk Free Trade
VIP CMT Debit card
• Gold Account
Minimum Deposit of $25000
Leverage Ratio of 1:200
3 risk Free Trade
Same Day Withdrawals
2 Trading Strategies
CMTrading Forex Broker Commission & Spreads
The spreads for the Mini and Standard trading accounts starts from a minimum of 2 to 3 pips. While this might not sound competitive, they are in line with the industry standard. However for Gold and Executive trading accounts, the spreads get more competitive with a 1 pip discount from those that Mini and Standard account holders get.
CMTrading Forex Broker Customer Support
As for customer support, the quality of CM Trading is superb considering that the customer support representatives are bilingual. The support services are provided on a 24/5 basis throughout the entire trading week and can be accessed through email, live chat or any of the 16 localized telephone numbers provided for the various different countries.
• 24/5 Bilingual Customer Support
• Advanced Trading Platforms
• Debit Card Provided for Hassle Free Withdrawals
• Diversified Range of Instruments
• Established by Industry’s Professionals
• Excellent Educational Package
• Flexible Choices of Trading Accounts
• High Leverage Provided
• Same Day Withdrawal Processing
• Social Trading Supported
• World Wide Support Offices
• Maximum Deposit Bonus only 15%
• No Debit card for Mini Trading Account
• No MT4 Support for Mobile Trading
• Spreads Not very Attractive
• Not EU Regulated Broker
CMTrading Forex Broker Conclusion
While CM Trading is considered a relatively young forex broker in the industry, they have already earned themselves a stellar reputation especially in the area of customer trading education. With their proprietary Guardian Angel Service, trades can always keep track of the dynamic conditions in the markets without any efforts hence allowing them to focus their energy entirely on trading.
I have been trading with CM Trading for the past 6 months. Very good trading platform and fast execution. Withdrawal is also quickly processed. What I like the most about CM Trading is they are having Risk Free Trading Promotion which very beneficial for a new trader like me. Very recommended forex broker.
I have been in the FX industry for 5 years. By far i am very satistfied with the quality of service that CM Trading has provided to me. Their trade execution is great and their withdrawal and deposit is quick without hassle as well. Ofcourse i am speaking from my experience. Definitely a broker worth checking out.
CMTrading Forex Broker is my broker!!! They give me the support I need and have helped me get good results on my trading. Trading specalist David has really changed how I look at the market. Im really happy with them
Very pleased. They are quite a new broker in Malaysia but my IB recommended them 3 months ago and since then they are the best broker I have dealt with. CMTrading Forex Broker have full support in Malay as well.
Really happy with the help I got from the guys at CM Trading. Joe was amazing in explaining how to use the copykat. Love the daily video – its like coffee and a ciggie – cant start my day without it!
I trade with CMTrading Forex Broker ! Nice